Griffin Mining Share Discussion Threads

[budevenwiser] 21/8/2017 17:50

Up just a little bit
I shall take your word for it as I am new to zinc having mostly owned silver and gold miners this past 15 years.
Held GFM around 10 years ago for a while and think I lost a little on it but always kept it on my monitor and was very impressed with the half year results.

cheers anyway bud

[up just a little bit] 21/8/2017 16:51

Bud, I read the article and it looks like a plausible theory however I really think it's a lot more simple than that. The main driver is the closure of a significant number of mines over the last couple of years leading to a lack of supply.

[spooky] 21/8/2017 16:19

Why doesn't a Chinese company make a bid?

[dreamtwister] 21/8/2017 16:01

thinks gfm should delist from aim & transfer to nex or dual list on the hong kong exchange.

[budevenwiser] 21/8/2017 15:45

Article regarding zinc price from Zerohedge .





Anyone think GFM should sell some production forward at these prices and lock them in.

bud

[owenga] 21/8/2017 14:45

Current price is crazy. Zinc over 3100. Company will probably hit 20p eps for full year!

[budevenwiser] 21/8/2017 12:56

Record zinc prices and I am buying GFM below mid .

MMs must have stock they want to offload or a seller.

All the better for buyers .

bud

[up just a little bit] 16/8/2017 23:28

I see that zinc closed at 3119.00 at 5.39%up.

[up just a little bit] 16/8/2017 18:35

Must almost be a daily record for that hike in the zinc price

[keya5000] 16/8/2017 14:46

Zinc on a real tear up now.

[3rd eye] 16/8/2017 13:10

I THINK I MAY HAVE FOUND ONE. DYOR

GFM Griffin Mining.......been around for what seems years (been a dog as well a lot of that time), but I remember reading something about ZINC being used in Eletric Car batteries and Smart phones... (see below) GFMs biggest output.

Zinc Battery Breakthrough Could Mean Safer, Lighter Cars and ...
spectrum.ieee.org/...cars/zincbased-batteries-can-provide-more-energy-safety-than-liion
27 Apr 2017 - Not only could rechargeable zinc-based batteries possibly store as much energy as lithium-ion batteries, they could also be safer, cheaper, smaller and lighter, new research finds. The results suggest zinc batteries could find use in mild hybrids (microhybrids), electric vehicles ..



Now see this from the last company half yearly results of GFM 3rd August..........

Zinc revenues before royalties and resource taxes in the six months to 30th June 2017 were $40,259,000 (2016; $15,798,000) with 19,336 tonnes (2016: 13,414 tonnes) of zinc metal in concentrate sold with an average price received after smelter charges of $2,082 per tonne up 90% on that received in 2016 of $1,090. Lead and precious metals revenues were $14,485,000 (2016: $6,372,000) with more metal in concentrate sold.



Now see that Zinc as hit a yearly and monthly high..........and the figure above may be much much higher in 6 months time and after.







So the revenues recd in the first half could easily be much higher going forward.

Of course small miners like this are VERY RISKY, but looking at those figs above brought a sweat on for me.

The company chart is also coming to life. Ive taken a big chunk this morning. DYOR.

[up just a little bit] 16/8/2017 10:59

Zinc goes through the big 3 standing at 3022.5 up 2.13/%.

[up just a little bit] 16/8/2017 09:25

Some concerted buying going on...

[mariopeter] 16/8/2017 09:10

Price is too low to sell. Should be minimum £1.00.

[keya5000] 16/8/2017 08:51

All set up looks uber bullish.

[bunlop] 16/8/2017 08:30

Zinc and share price moving higher today. Interesting that the company did not buy back shares on the last dip.

[up just a little bit] 15/8/2017 12:04

Zinc at 2955.50 on the Bloomberg ticker 1.38% up

[bunlop] 14/8/2017 14:15

Rebound may be underway.

[bluebird50] 13/8/2017 08:42

It seems to me that the only current reason why the share price is drifting downwards is due to the growing tensions in North Korea. The market makers are marking it down. There should be a bounce if and when the crisis is over. After all, it was a good week for zinc.

[phillis] 11/8/2017 18:11

Article in FT forecasting $3000 pt
Glencore massaging output

[up just a little bit] 11/8/2017 16:09

Zinc stock about to dive below 250000.

[up just a little bit] 11/8/2017 16:05

RmJones,
Indeed the MM's are looking for stock but they are on a losing wicket.

[rmjones] 11/8/2017 15:04

25,000 at 63 gone through now

[phillis] 11/8/2017 14:31

just bought 18000