Griffin Mining Share Discussion Threads

[rose_by_another_name] 01/2/2018 08:20

The licence over a new zone, an already
explored and proven reserve over which
Griffin has an exploration licence, was
meant to have been part of the deal when
Griffin bought out the Chinese junior
partner in the mine. At that time, an
extension of the licence over the
current operations was granted, but
we are still waiting for the new zone.

[mad foetus] 01/2/2018 07:05

Zinc inventory dropping very sharply. All primed for a major squeeze?

[crooky1967] 31/1/2018 21:20

I am fairly new as well, looks like they been waiting a while for the licence based on the annual and interim reports and comments on this board. Looks like it could happen anytime and hopefully sooner rather than later due to the tight supplies of zinc and current high prices.

[auldmart] 31/1/2018 21:13

I am new to this board and am curious about comments regarding a possible new mining license in China. Is there a likely timeframe for this to be decided?

[ukgeorge] 31/1/2018 14:22

The chart is looking very bullish lovely pennant formation

[gbh2] 31/1/2018 14:20

Struggled to buy a few more at offer price for a while (they were asking 127p) however after several attempts it eventually went through a fraction below 124p, first time in 20 years that's happened !

[crooky1967] 31/1/2018 09:42

Zinc stock levels taking a big dive this morning, zinc prices rising again. I see Zinc being $4000 per tonne within two months at this rate.

[polaris] 30/1/2018 12:22

Hi Phillis,

Only stating my opinion on the trading update. Last year there wasn't one and there is no requirement in AIM rules for one. Last year may have been a blip in those terms, who really knows? I would welcome a trading update to back up my production estimates and revenue calculations. However, it may limit my window of opportunity to build a position.

[phillis] 30/1/2018 12:17

Polaris
Why not
As Rose said earlier GFM have not historically issued updates unless it was to do with cessation/resumption of mining ops following fatalities

So the trading update pre the half year and the debt repayment RNSs were exceptional
A cynic (and there have been plenty here!) might say only good news brings updates

Since there is plenty of the latter I wonder why you are so convinced there will not be one

I expected one but it hasn't come yet so you may well be right in your assumption

but there again maybe they are planning to update when the licence is granted........!

[polaris] 30/1/2018 12:01

I, for one, do not expect to see a trading update pre-results. I added this morning on the weakness and will look to add further if we have another trip to the bottom of the trading range. I do not much care for intraday and short term swings.

I have looked at the balance sheet, done my calculations (they are posted in the late 26900s i think) and follow the 20,50,100 and 200dmas for the metals prices. All of this looks positive over the last 6-12 months, with the H1 results causing a first re-rate due to the uplift in revenues and profits. H2 looks to be even greater in terms of revenues and profits, underpinning the December announcement of clearing the debt.

It would be nice to get news on zone II but, TBH, the LoM on the current zone approvals, upgraded mill and apparent stability in operations are the reasons i have bought and added.

this one reads as a turnaround success story, smells like a turnaround success story and looks like a turnaround success story. Sometimes gift horses can be stared at because you cannot believe the market can be so stupid. This rings as one of those to me and i am acting accordingly.

regards,

Paul

[acuere] 30/1/2018 11:59

Phillis,

Yes Cantor on the 15th December.

Nothing from Panmure since 3rd August when their target price was 93p!!!!

[rose_by_another_name] 30/1/2018 11:25

Griffin have not been forthcoming
with trading updates in the past.

[phillis] 30/1/2018 11:15

acuere
which broker forecast 166p -Cantor?

Anyone know Panmure's?

[basem1] 30/1/2018 11:03

Yes it's all speculation. But that's the market we ALL speculate to accumulate. The additional zone is not currently priced in, IMO.

[acuere] 30/1/2018 11:02

The shares are simply moving up and down within the current 115-130 trading range. Back in November they stayed within an 80-90 range for weeks, even though with the strong zinc price, all here knew full year results would be ahead of what brokers were forecasting.
It was only when the debt clearance news broke and broker raised target price to 166 that we were rerated.
Again we are all aware that the zinc price continues to exceed expectations. But in the absence of any news, I expect us to stay broadly within this range for another 6/7 weeks. Then hopefully a trading update around 20th March ahead of results about 10th April will be the catalyst for a further share price hike.

[roddiemac2] 30/1/2018 10:32

GFM may or may not get the long awaited licence. Markets may or may not suffer a correction. The word " speculative " springs to mind.

[basem1] 30/1/2018 08:46

Markets just due a small correction IMO. World economy in good health though so just a 3-5% one. I've been topslicing a few positions this morning.

[mad foetus] 30/1/2018 08:40

Well baffed by price action this week.

[basem1] 30/1/2018 07:58

£3 realistic price if new Zone gets approval ?

[dreamtwister] 29/1/2018 20:37

zinc as a backbone and if the extension of mine is granted ? then i do believe zone11 hosts more gold,"strong hold"

[the juggler] 29/1/2018 20:01

The 2016 results were released 5th April 2017 so if they are on the ball we should only have 8 or 9 weeks to wait. Since they are debt-free I am expecting great things here. Fingers crossed and good luck to us all.

[polaris] 29/1/2018 19:17

It's a waiting game. As soon as the results for 2017 are officially known then there can be no doubt about prospects. The fact that tier I miners are gearing up Zn production says it all really - there is a squeeze and prices will continue to rise for now. However, that must be partially tempered by the fact that increased production from next year may well cap the rises in base metal prices. The question is where that cap will arrive? $3500, $4000, $5000? For now the trend is up and the trend is always your friend!

I am likely to add to my position between now and results day, on any weakness. I am sure there will be a window of opportunity before results day.

regards,

Paul

[the juggler] 29/1/2018 19:04

If metal prices are so high why aren't we moving north? These little tick downs are most irritating!

[malcolmmm] 29/1/2018 15:13

Topped up at 124.45p showing as a sell

[up just a little bit] 29/1/2018 14:50

ZINC @ 3549!!!