Griffin Mining Share Discussion Threads

[callmebwana] 14/12/2017 17:25

Joined the party this AM @97P. Already in profit. Great stuff.
GLA.

[nicebut] 14/12/2017 16:31

Nice rise here!

O/T

Phillis,

Nice to see some fight down under at last- And some from my `new best mate`!! 100 too tomorrow hopefully

Did you see my ground on the telly last night? :)

[owenga] 14/12/2017 16:23

Lol. Advfn doesn't like party hat emojis!

[3rd eye] 14/12/2017 16:11

GFM Griffin Mining having a stormer. An island top created and further gains from here expected. RNS declaring it was debt free a few days ago and awaiting grant of license. A little corker and play on Electric Cars.😀ԅ26;

[ukgeorge] 14/12/2017 15:45

Booooooooom £1 has gone merry Christmas

[banj] 14/12/2017 15:00

Breaking out again ;)

[polaris] 14/12/2017 13:44

As long as Zn prices hold up then this is a compelling buy. Can't remember how many years ago it was since i last bought into GFM but i am back now and looking for a further rerating once the revenue/profit become clearer at the FY results. Until then it is not really mainstream. Looking at resource and possibilities to expand production then i would be happy with a P/E of around 8 on 2018E. Even those simple numbers could be blown out of the water by an approval for mining zone II. The mill is ready and nameplate now 1.5Mt p.a. so a lot of possible upside.

[up just a little bit] 14/12/2017 13:17

What would be a conservative PE ratio for Griffin generating pure cash?

[phillis] 14/12/2017 12:23

you get a good idea of the impact of the zinc price as far as profit and cash generation are concerned
bank debt stood at $35m after the repayment of c$11m in the first half
this opening amount has been paid down in 5 months!

[return_of_the_apeman] 14/12/2017 12:18

Expect the brokers will not get off their fat derrieres until after the results are announced in March, even though the figures can be calculated now as the reporting period is all but done

[nikki40] 14/12/2017 12:15

Key is staying over 98p. That is the brrakout

[up just a little bit] 14/12/2017 12:13

Anyone in touch with the BOD can ask them to get some forward projections to a couple of brokers?

[nikki40] 14/12/2017 12:11

Yes plus one of the first miners in china. Producing not exploring... Long established links and influence. Influence is important. Also firmly embedded in China and even debt financed until late by local institutions... If there is a company which can get the licence it is Griffin

[mad foetus] 14/12/2017 12:08

This is just such a crazy price. Yes, it is a Miner in China, but my word it is cheap.

[phillis] 14/12/2017 12:05

projected numbers compelling

[up just a little bit] 14/12/2017 11:58

Where are the broker notes following the RNS?

[nikki40] 14/12/2017 11:10

Divvy on cards for sure.

[gbh2] 14/12/2017 10:58

IF The cash they created to pay off the debt keeps coming in they should be able to start offering a divi next year ;)

[owenga] 14/12/2017 09:04

I can see this heading to 200p in next 12 months even without licence. Second half pbt this year will be 30m, and without interest costs and current prices which are higher than at start of period, I can see 75m pbt next year, plus a final dividend next May.

[up just a little bit] 14/12/2017 08:51

So where do you see the share price without the zone 2 licence?

[nikki40] 13/12/2017 20:04

Expect profits to be £35-£40m. Where does that out the forward pe on 31 march 2018? Currently it is ludicirously cheap without the licence news. Dyor

[trawl] 13/12/2017 17:29

the 44m was dollars revenue is also dollars

[ramellous] 13/12/2017 17:18

So these have a mcap of 172m and have paid off 44m of loans from revenue. Are now debt free and have no reason to not have similar revenue over the next year with a chance of another licence to double production.. Have I read this right?