Griffin Mining Share Discussion Threads

[banj] 11/12/2017 22:37

6 months stocks left at this rate!?

[return_of_the_apeman] 11/12/2017 22:08

Lme zinc approaching 200k, could breach tomorrow

[mad foetus] 11/12/2017 08:53

Chart ready to pop!

[owenga] 03/12/2017 17:37

Zinc back over $3,200 per tonne. Up nearly 3% on Friday!

[return_of_the_apeman] 30/11/2017 20:35

With so many wanting to open a zinc mine to cash in on strong zinc prices, i am wondering if gfm is on the m&a radar and ii wishlist. Mcap 145m, pe <4 crazy




hxxp://www.mining-journal.com/resourcestocks/resourcestocks/1309492/resourcestocks-ironbark’-jonathan-downes?source=miningjournal


hxxp://www.miningglobal.com/operations/todd-river-resources-announces-new-ceo-amidst-rising-zinc-prices

[return_of_the_apeman] 29/11/2017 10:03

hXXp://www.proactiveinvestors.co.uk/companies/news/187918/nubian-resources-finalises-due-diligence-on-esquilache-project-acquisition-from-zinc-one-resources-187918.html

hXXp://www.proactiveinvestors.co.uk/companies/stocktube/8436/-it-s-all-coming-together-at-anglesey-s-parys-mountain-zinc-copper-lead-project-8436.html

[return_of_the_apeman] 29/11/2017 10:00

Confidence in the zinc market medium term



[...]

[...]



zinc and copper supplies are depleting, with prices expected to remain stable before improving on the back of increased demand.

“Zinc is in an exceptionally good space. It is very much on a supply-side constraint because big mining operations have shut down around the world. The replacement production from large mines are either in more challenging environments, or in similar environments to our own.”

Further, he noted that China had gone through a mass consumption era of “low-quality galvanised steel”, which was ending

Smart stated that even though general construction in China was not growing as fast as in previous years, the quality of the steel work has changed fundamentally, as China has increased the percentage of zinc content in galvanised steel from 5% to 20%.

“Galvanised steel overall might be growing slowly, but the use of zinc in galvanised steel is growing dramatically and there is a supply-side constraint.”

[return_of_the_apeman] 27/11/2017 23:23

yeah, you can breakout downwards right? in this case I was referring to the lme physical stock of zinc hitting new lows which should push the poz up

apologies for any confusion

simple ape

[banj] 27/11/2017 13:19

Zinc down and breaking out? ;)

[return_of_the_apeman] 27/11/2017 09:49

A Zinc Bull In A China Shop

Palisade Research November 24, 2017

Category: Research

The world’s zinc supply is diminishing.

The machine that is China is once again rearing its insatiable head – the same machine that propelled resources to their all-time highs during the last supercycle.

And now zinc warehouse stocks are already at 10-year lows.

China accounts for nearly half of global zinc demand at 15 million tonnes – it is expected this year will end with a 700,000-tonne shortfall.

Thus, all smelters and factories that produce metal from ore are scrambling for mine supply, and are all losing.

In fact, Korea Zinc, the World’s largest smelter of zinc, recently announced it was cutting production by 8%.

Not surprisingly, zinc prices are now surging – already up 26% this year alone.

According to the London Metals Exchange (LME), one player holds more than half of the LME material available.

Private storage has also been pillaged.

Needless to say, zinc is poised to go on an absolute tear.

But which company has the most torque?

[ukgeorge] 23/11/2017 14:14

From ANZ

UN-ZINC-ABLE
• The zinc market has been extremely tight since Glencore shut or curtailed several zinc mines more than two years ago. However, the potential reactivation of this capacity has been hanging over the market ever since. We expect Glencore to restart or ramp up these mines in the coming six to nine months. Even so, this is not enough to fill the deficit in the zinc market. In fact, the tight market in 2018 should see upside risks to prices remain.
• While the Glencore closures pushed the market into deficit, supply-side issues in China have amplified that deficit this year. Environmental- and safety-related issues have resulted in zinc mine production falling 10% in 2017. The decline has accelerated recently, with August production down 23%. With underlying demand picking up, China has relied in concentrate imports, which are up 22% y/y.
• This puts the market in a good position to handle a reactivation of the Glencore operations. Based on a phased restart, we forecast the market will remain in 1-million-tonne-plus deficit in 2018. The market will not move back into a more balance position until other projects ramp up in 2019. The impact of any inaction by Glencore will be significant; the ever-larger market deficit would push inventories to critically low levels and most likely cause prices to spike even higher.
CHART OF THE WEEK
The zinc market will more than handle Glencore’s mine restarts

[acuere] 23/11/2017 12:45

Someone happy to pay 88.5p for 25k. Quite a premium but will look a bargain in a couple of months imo.

[return_of_the_apeman] 23/11/2017 08:26

Hard to buy a signifucant amount though, any one able to get an online quote for more than 1000 shrs?

[mad foetus] 23/11/2017 08:17

Looking perky since yesterday afternoon, could be the start of the next leg up

[owenga] 22/11/2017 19:04

Managed another top up today. I expect at least 150p by time of annual results next May.

[return_of_the_apeman] 20/11/2017 09:08

Ukgeorge, the info you seek is on their website :-)

[phillis] 18/11/2017 12:55

Maybe Owenga
But it might affect divi consideration

[ukgeorge] 17/11/2017 19:28

Reference capex, a relatively low amount from my understanding as it is near where previous ug developments are. But I'm far from certain due to the lack of investor presentation/information

[return_of_the_apeman] 17/11/2017 18:52

100k reported at full price after close

[owenga] 17/11/2017 18:14

A theoretical question..lol

[phillis] 17/11/2017 17:09

wonder how much capex a new license would entail

[return_of_the_apeman] 17/11/2017 08:32

Looks like 86p will be broken upwards today - mms only seem to have max 1500 shrs left before this starts upticking

Gla

[ukgeorge] 16/11/2017 11:16

Great article thanks.