Griffin Mining Share Discussion Threads

[bionicdog] 27/2/2018 20:33

I remember them being 2p , but I didn't get them that cheap as the price shot up while I was running the slide rule over them.

[cflather2000] 27/2/2018 20:25

Out of interest, what price were these 2 decades ago?

[up just a little bit] 27/2/2018 18:38

Best part of 3/4 of a million on that trade

[bionicdog] 27/2/2018 18:02

Having held these for the best part of two decades , I'd be thrilled to take half of them off the table at £1.50.

[dgellissnr] 27/2/2018 17:35

£1.39 X 514934 = £ 715,758.26
not a bad buy

[up just a little bit] 27/2/2018 16:29

A cracking day!

[malcolmmm] 27/2/2018 15:05

There have been quite a few hefty buys in the last few days. Couldn't buy in volume a little while ago but could sell large amounts.

[ukgeorge] 27/2/2018 14:49

The griffin is flying well today :)

Roll on £2

it would be lovely to get a decent dividend announced at the results.

[ewads] 27/2/2018 10:03

Agreed, lowest warehouse published levels for nearly 10 years.
Linked with all other(positive)factors, I've added more today

[polaris] 27/2/2018 09:57

Some care must be taken with the 'stock' of metal in the inventory. there is also the secondary concentrate market, which is not reported afaik. Just because the inventory of metal is going down does not automatically mean that the price of Zn will rise as a result. However, i am sure there will be a positive correlation overall when you look at price action v stocks.

Of more interest to me is that GFM are sat at a multi-year, if not all-time, high. The spread is wide, showing that the books of the market makers are well balanced. This is encouraging as it shows GFM are treading water until the next set of news. The fact that this is at a multi-year high can only be seen as encouraging.

Time is ticking down on the results announcement and we expect them to be rather good, much better than the current estimates. Probably of higher importance in the medium term is the status of mine restarts elsewhere. We know this is coming, it is a matter of when and what effect they will have on the price. The market is cyclical and GFM are well-placed to make the most of the boom part of the cycle, having been sorely tested in the bust part of the cycle in 2015.

regards,

Paul

[mad foetus] 27/2/2018 09:42

I'm not sure how accurate the inventory figure is, but for those who don't follow it, that means inventory is down 25% in a month. I'm not expert enough to know whether it could precipitate a "run on zinc" when users buy more than they need in fear of a coming shortage. But all is looking very positive.

[crooky1967] 27/2/2018 09:15

Zinc stocks now at 138225 this morning.

[phillis] 26/2/2018 08:24

Just a muse

Wonder if Malcolm Turnbull´s previous connection with GFM is affecting the granting of a licence?
Australia and China are not getting on too well these days as far as foreign investment is concerned

[dreamtwister] 23/2/2018 20:20

"The zinc metal demand from 4,404GWh of zinc-air battery storage would be roughly 19,818,000 tonnes of metal," Stormcrow's report says.

"This amount of metal represents roughly 1.5-times the annual production of zinc metal in the world.

"We should bear in mind that these batteries will be deployed over time, smoothing out demand.

"Even so, we could see as much as 3-6% annual impacts in demand in the future."

[up just a little bit] 23/2/2018 13:02

Zinc stocks still declining @ 146625

[up just a little bit] 22/2/2018 10:55

Grappling for shares the MM's trying to take out stop losses.

[trawl] 21/2/2018 22:53

buys outnumber sells by 4 to 1
the results in 4 or 5 weeks should be excellent
with refining costs falling and zinc and gold doing well
there has to be a dividend

[dreamtwister] 21/2/2018 18:26

to restart a zinc mine back into production ! will take more than blowing a whistle and saying back to work men.

[corlis] 21/2/2018 18:05

& the march goes on

[malcolmmm] 21/2/2018 16:41

All time high, momentum will take these a lot higher imo.

[ukgeorge] 21/2/2018 10:38

It certainly looks like it roll on £2 :)

[mad foetus] 21/2/2018 08:11

Looking chirpy this morning, could this be the breakout? Need some more volume but a very positive start

[phillis] 21/2/2018 07:32

from Glencore today

Zinc
In 2017, the zinc price recorded a 38% year-over-year increase, benefiting from the combination of synchronized global growth, strong orders from the steel industry and continuing tightness in the concentrate market, which progressively spread to the metal market during the course of the year.
Despite the higher prices, for a range of reasons, China did not contribute to any mine supply growth, which meant that the 9% (~650kt) increase in concentrate supply from the Rest of the World was comfortably absorbed by the market. 2017
Chinese mine production dropped by 8.6% (~300kt). The environmental drive in China continued to put pressure on extractive industries, limiting domestic zinc mine output. In response, Chinese zinc concentrates imports rose by 21.9%
(~140kt), despite the lower spot TC levels ($38/dmt in 2017 vs $102/dmt in 2016).
On the metal front, Chinese production was down by 0.7% in 2017 (~40kt). With local stocks already at low levels, Chinese consumers resorted to higher metal imports, up 59.3% year on year. 2017 Chinese zinc metal imports were a record 676kt.
Both LME and SHFE zinc stocks continued to draw down; LME stoc
ks fell to 182kt at December 2017 (2016: 428kt), while
SHFE stocks more than halved to 69kt at December 2017 (2016: 153kt).
The lead supply trend is similar, recording a year-over-year price increase of 24%. Spot TCs are also at a historical low, at $26/dmt in 2017 (2016: $119/dmt).
Going forward, higher prices will incentivise higher concentrate production, easing TCs in the mid-term and eventually
resulting in higher metal production. However, the environmental constraints in China and the slower than anticipated pace of mine restarts (or new mines) means that the current zinc tightness may remain for some time. As there is also a time
lag before concentrates units convert into metal units, we expect the current strong pricing environment to be supported in the near to mid-term.

[mikesnr2] 21/2/2018 02:52

Exercised by the recent seismic occurrence underneath Swansea - and in wonder at the spectacularly unfaltering advance of GFM 2017/2018(I'm in since 2006) - I was minded to ask the company directorate whether the Caijiaying mine is susceptible to earth tremors; fearing that judicious management/plant upgrading/favourable commodity prices/buoyant demand..( et al) might be balanced unfavourably...?

Below read Roger Goodwin's reply:-


"Dear Michael

Whilst we’ve not experienced an earthquake since our involvement in Caijiaying (twenty years now), the area to the south is prone to them with Zhangbei, 60 miles to the south, devastated by an earthquake some forty years ago.

You may be interested to know Caijiaying is but 30km from Chong Li to the south, which is where the next winter Olympics will take place.

Regards

Roger"

Fingers crossed, what!
Mike