Griffin Mining Share Discussion Threads

[vkilmer58] 13/5/2016 03:29

It's true - I made two lots of substantial "killings" shorting this pig - both blown however on rather expensive trips to BB (it's not cheap you know :-) ).

With Molotov bailing and the LME just being nothing but a rigged game AND Glencore just waiting to make a lazy decision to start production again, if this little piggy breaks 30p (there's no reason for it to even exist frankly) then I'm going to short it like there's no tomorrow because I need another vacation.

Anyway, I'm sure that RG has it all under control....

[rmjones] 12/5/2016 14:18

I heard there was a planned "investor day" in Bora Bora - maybe you could write up the minutes for us?

Surprised your "fund needs replenishing" - by all accounts you made a mint from your shorting.

[vkilmer58] 12/5/2016 08:11

*Yawn* - Hello rampers and fools!

So, in summary, it seems Molotov sold his options for virtually nothing, Glencore could reactivate production at any time and finally somebody piped up about the huge reserves of Zn stashed away from LME sight (in New Orleans), the AGM is somewhere in paradise, no "investor day" in London, no licence and no details of remuneration.

If this thing inexplicably breaches 30p I'm going to short it again - the Bora Bora fund needs replenishing.

[rose_by_another_name] 10/5/2016 09:36

Logic may not come into the actual conditions
on the options. If they can be traded, I would
think he could take them with him when he went
as well. Or maybe they can only be traded to
another director.

[trawl] 09/5/2016 22:43

if he was to leave but continue as a consultant
surely the options would cease to apply as they were awarded to incentivise directors
either way griffin would be better off without a director who gets paid a salary
and also charges large fees as a consultant
where is that licence

[rmjones] 09/5/2016 17:20

Very odd the purchaser not revealed! My guess is his wife now owns them given the transfer price. I assume he is married?

[rose_by_another_name] 09/5/2016 09:57

If Ninkov is leaving, we should get the bonus
of lower management costs, assuming we will no
longer be paying Keynes, but will we? If there
is a shakeup, that will be the time to sort the
overpayment of director(s).

[mariopeter] 07/5/2016 09:43

The vendor of the options must leave... no question.... so retiring I suspect.

Thanks for the article on zinc galoot and I am sure you are not a galoot.

[trawl] 06/5/2016 22:45

who bought and why
usdan maybe
is ninkov about to go

[phillis] 06/5/2016 22:10

Looks that way doesn't it?
But why did Ninkov sell?

[trawl] 06/5/2016 20:59

so somebody has paid 60k to be able to buy approx 6% of the co at 30p
sometime in the future

[phillis] 06/5/2016 19:37

It is a weird scheme that permits options to be traded like this

But it is a bit of a weird Company...

[ewads] 06/5/2016 19:30

Thanks RBAN - I learn things every day. Could well be that Mr N has made a decision.

[phillis] 06/5/2016 17:49

you dont say......

[rose_by_another_name] 06/5/2016 17:20

Unvested just means that it won't become
exercisible until a known date in the future.
Lapsed means that it can no longer be exercised.

[jaspoland] 06/5/2016 17:06

Phillis my thoughts exactly. Either exercised or lapsed. Happy to be corrected

[phillis] 06/5/2016 16:56

probably Rose

How can an unvested option be sold?
who would buy?

[rose_by_another_name] 06/5/2016 16:51

Maybe Usdan is going to be the new chairman.

[rose_by_another_name] 06/5/2016 16:47

Looks like Mr. Ninkov sold his own options,
and at a knock-down price. I don't think he
has to tell us who he sold to. They won't be
much good to anyone unless the share price
rises above 30 pence. He got £60,000.

Someone is betting on Griffin.

[phillis] 06/5/2016 16:39

preparing to leave?

[trawl] 06/5/2016 16:36

whats behind the sale of options and who were they sold to

[phillis] 06/5/2016 12:41

a bit like the licence?

[rose_by_another_name] 06/5/2016 12:32

So definitely jam tomorrow, for sure.