Griffin Mining Share Discussion Threads

[neilsy] 20/7/2017 13:10

Lovely update, 90% increase in zinc price they receive wow.

[phillis] 19/7/2017 09:29

owenga
Cant be far out
Cash generation will have reduced finance charges substantially

[rose_by_another_name] 19/7/2017 09:25

LME empty by Christmas.

[owenga] 18/7/2017 17:27

Phillis

Maybe I am being optimistic. I am hoping for PBT of $25m.

[phillis] 18/7/2017 13:02

Last years second half produced revenue of $45m and OP of $17m

Looking for in excess of $55m for first half 2017
OP circa $25m?

[bunlop] 17/7/2017 15:58

Whats up with 24hr zinc chart today?

[roguetreader] 15/7/2017 14:07

But is it just a bear market rally?

[phillis] 15/7/2017 12:13

Today's FT

Chinese iron ore imports on track to break annual record

[phillis] 13/7/2017 10:17

there is always a bigger fool!

[rose_by_another_name] 12/7/2017 13:01

Sure Phillis, but that depends on someone buying
your shares for more than you paid. What's their
motivation? Another sucker down the line? There
has to be at least the hope of a dividend, or one
day the ore is used up and your investment has
all gone to the directors.

That said, my holding is 70% in profit as of today.

[roguetreader] 12/7/2017 12:07

At the end of the day so will I, just means I'll stay grumpy until it happens

[phillis] 12/7/2017 11:42

Rose
Will be happy with a big return on sp

[roguetreader] 12/7/2017 10:33

Looking at previous company statements, I assume Ninkov is still sitting on 8,000,000 options at 30p, as he hasn't (to my knowledge / research) cashed any of them in yet.

I assume he is looking for a higher share price to cash in at so that he feels suitably rewarded for the hard work he has put in that necessitated the issue of the options in 2015 to ensure such a valuable management figure was suitably 'incentivised and retained'.

However, just to help him achieve his and the BODs target share price the BOD use shareholders cash to buy back shares to put a bottom under the share price

This is obviously good news for all shareholders in the sense that the share price will (hopefully) continue to rise given the current fundamentals of the company, but doesn't deviate from the fact that the BOD continue to treat the ordinary shareholder badly.

[rose_by_another_name] 12/7/2017 08:33

mpclag- Doesn't matter if they are never
going to pay a dividend.

[mariopeter] 12/7/2017 07:58

resources are here:

[mpclag] 12/7/2017 07:32

The only thing I am concerneed about is how much resource (number of years) is left without an additional exploration license?

[galoot] 11/7/2017 17:42

and buyers

[mariopeter] 11/7/2017 17:28

Good buy Phillis. May switch into this tomorrow. Felt it was too illiquid before but seems there are sellers.

[mariopeter] 11/7/2017 15:10

Still plenty of puff in this leg up.

[ewads] 11/7/2017 14:53

Catching up with the fundamentals, not before time.

Just b/even for first time in 13 yaers! Now I don't know what to do.

[phillis] 11/7/2017 14:51

well half year is done
no bad news
bought another 25k myself yesterday!

[up just a little bit] 11/7/2017 14:45

Lots of interest today, much more than the normal. Perhaps we are expecting news...

[mariopeter] 11/7/2017 09:57

chart break out . Maybe the day traders will sort out the valuation because its clearly undervalued ie profits of $40/50m this year and a market cap of just over £100m. The world is booming and there is a zinc shortage at normal levels of economic activity.

[up just a little bit] 11/7/2017 09:55

Can we break this 60 level where we were in April?

[mariopeter] 10/7/2017 16:28

Good day today . Expect more of the same to £1.00