Griffin Mining Share Discussion Threads

[return_of_the_apeman] 18/10/2017 13:14

Indeed bought another 10k at 74.5, value will out by the results in April, it's easy to calculate what they will be, costs are pretty much fixed and zinc price is good

[dreamtwister] 18/10/2017 12:28

aim is off target with gfm,

[return_of_the_apeman] 18/10/2017 08:14

2 x 10k sells at 78.2 are my buys

[malcolmmm] 16/10/2017 17:10

Old news but positive
By StockMarketWire | Tue, 10th October 2017 - 09:40


Cantor Fitzgerald today reaffirms its buy investment rating on Griffin Mining (LON:GFM) and raised its price target to 137p (from 104p).

[return_of_the_apeman] 16/10/2017 13:32

Had a brief look at HRI, a great chart, however too many holdings for me to research

From a "let the trend be your friend" perspective can't see a problem. Perhaps as pointed out on that thread if they make it to the ftse250 next qtr? then the discount may narrow, but it has already narrowed by 6-7% since the summer

On the fence and can see why people would invest

[return_of_the_apeman] 16/10/2017 13:04

didn't get filled, got annoyed and gave up

[pyglet] 16/10/2017 13:00

ROTATaking a while to fill;) Have a look at HRI

[return_of_the_apeman] 16/10/2017 08:29

Been no stock all morning but looks like my order is now getting filled

[malcolmmm] 15/10/2017 10:44

Sounds good, 100p by Xmas.

[makinbuks] 12/10/2017 13:39

Great to see the excitement returning to this board

[up just a little bit] 12/10/2017 08:55

Interesting times ahead

[phillis] 11/10/2017 19:13

Based on a final dividend (not sure how big - depends on the message they want to send) somewhere around 1.20 sterling

[up just a little bit] 11/10/2017 18:40

Phillis,Fair comment. What price are you putting on Griffin at this point in time?

[phillis] 11/10/2017 17:42

zinc price net to GFM in 1st Half was $2082
The smelter discount usually a bit narrows when prices are increasing

Hard to see anything south of $0.25 EPS

Continues to be outstanding value - "all other things being equal" to quote the Chairman
We aall know what those bad things could be but a zinc price reduction doesn´t seem like one of them at this stage of the year

[malcolmmm] 11/10/2017 09:32

Zinc’s continuing strength has helped push Griffin Mining (LN:GFM) towards the top of this week’s list of London and Johannesburg-listed market risers.

Staff reporter
11 Oct 2017
7:45
Feature
Griffin Mining underground haulage at Caijiaying
Underground haulage at Griffin’s Caijiaying mi
Botswana Diamonds Griffin Mining Harvest Minerals

The zinc price is holding near a 10-year high, at US$3,352 per tonne on the spot market, amid concerns over supply as China embarks on an environmental crackdown.

Griffin’s Chinese zinc production has increased and in August the company unveiled a US$22.1 million pre-tax profit for the half-year to July compared with a $4.1 million loss for the previous corresponding period.

The company has had little news since, other than non-executive director Dal Brynelsen twice increasing his shareholdings, by 25,000 and 15,000 shares respectively, at 62p per share.

Shares in the company have risen from 63p last Monday to close yesterday at 79p.

[rmjones] 10/10/2017 13:27

quoting in 5,000 or 10,000 shares right now ... I've seen them quote in 25,000 before ... suggests they are not looking to make any large trades

[up just a little bit] 10/10/2017 13:10

Has anyone got the order book on level 2 please? It seems that there may be a large one waiting on sellers hence the spread.

[bunlop] 10/10/2017 10:47

I assume that Cantor's 137p target would be based on forecast results without the new licence being awarded. Come on China, Griffin is ticking all the boxes and even looking after some cows.

[up just a little bit] 10/10/2017 08:23

Bloody predictive text. (MM's)

[up just a little bit] 10/10/2017 08:14

Look at that spread. Mum's going to be short of stock today

[someuwin] 10/10/2017 07:42

GFM - Cantor Fitzgerald ups target from 104p to 137p

[celeritas] 09/10/2017 15:42

Its the third option you want barring a takeover which vests all options immediately.

A further third of each holder’s options will vest on the granting of a new mining licence over Zone II at the Caijiaying mine


All the new options will vest immediately upon; a takeover offer being made; or a change in the business of the Company or its subsidiaries; or the sale of a substantial asset of the Company or by its subsidiaries; or a change in substantial control of the Company taking place prior to the options expiring.

[bionicdog] 09/10/2017 12:17

This is a pleasant surprise. I'd forgotten that I still had some of these (the residue from a purchase in 2001). Sold most of them into the rise and wrote the rest off after the fall.