Griffin Mining Share Discussion Threads

[roddiemac2] 10/4/2018 13:18

MALCOLMMM,

"so I think to sell all ones shares may be a mistake" ---It is NEVER wrong to take a profit. GFM is still high risk.

[rose_by_another_name] 10/4/2018 12:32

I have been invested in "the future"
for 15 years. Griffin has always had
potential. That has now been realized.
Time for a return.

[jimmywilson612] 10/4/2018 12:25

I completely agree Malcolmmm - it's a weird situation where I have faith in the management & believe it's wise to invest in the future. Shareholders would agree, thus the massive increase in the share price

The problem is that I don't trust the local/national government! If this was in any other part of the world, I'll be grabbing my wheelbarrow.

[phillis] 10/4/2018 12:19

Especially an Australian one Jimmy!
Simple retaliation

[malcolmmm] 10/4/2018 12:18

GFM employ mostly Chinese people, they build schools, sports fields ect and are environmentally clean and donate money locally. They have just built more accommodation for their workers and extra staff so I think to sell all ones shares may be a mistake but who knows. I cannot see the point of some investors looking for a dividend investing in a company that hasn't had a dividend for many years and being disappointed.Maybe its all the money they have made from the spectacular rises in the share price

[jimmywilson612] 10/4/2018 12:03

Problem is the business can't influence of whether the licence will be granted, no matter how much they invest in the business.

Fear the on-going macro situation won't help speed up the Chinese government giving a western company authority.

[malcolmmm] 10/4/2018 11:34

I think that you are as they are buying equipment, employing more staff and are indicating preparations for it as TRAWL says

[rmjones] 10/4/2018 11:30

Ready to go is one thing. Getting the licence is another. Been waiting 4+ years for that already. Again - hope I am wrong.

[trawl] 10/4/2018 11:23

i note they say processing facilities are completed
and a second portal nearly completed in preparation for zone 2
plus more equipment bought sounds like they are ready to go

[rmjones] 10/4/2018 11:14

Good results. Lousy Chairman statement. You don't need tea leaves to offer an outlook. Current statement offers little incentive to hold and encourages profit taking I think. Very lukewarm reception to these results so far. Hope I am wrong.

[hvs] 10/4/2018 10:53

No divi. Shame no statement regarding expectations moving forward. E.g. Do they expect zinc prices to hold up. Is this year expected to be better than last etc etc.

Think they has run out of TEA LEAVES

[busterdog2] 10/4/2018 10:45

I wonder if the Chinese had made the granting of the Zone 2 licence conditional, amongst other things, on the Camp improvements being made?

[roddiemac2] 10/4/2018 10:44

I sold my last 20,000 this morning.

[makinbuks] 10/4/2018 10:41

What are we to make of the increased local admin fees? What are the terms of this agreement?

[kenmitch] 10/4/2018 10:34

Excellent (almost sensational) results again. Odd though that unlike most companies there is again no "Outlook" statement. Also yet again no news on long awaited licence approval or on what is continuing to hold it up. About time investors were told more about this. Share is very cheap even after more than doubling in no time, but further gains might be slow until news of licence approval at long long last! Will it ever happen? If it ever happens share could rocket.

[mariopeter] 10/4/2018 10:25

Yes bodes well for the staff, management, equipment manufacturers and China. They should take the Company off the market.

[roddiemac2] 10/4/2018 10:22

Jam tomorrow MALCOLMM

[malcolmmm] 10/4/2018 10:16

If he company does badly any dividend declared would decline anyway.
They at some point will get the new licences as China needs Zinc and employment. They are replacing old equipment with new better stuff and employing more staff. Bodes very well imo.

[mariopeter] 10/4/2018 10:03

What Rose is saying is that this management by historical performance are unlikely to be able to find a new project (especially now that they expect a new project to perform like current operations). They spent years trying to find one before and all the time gave shareholders nothing from the pie.

Keep your shares with the gains on them and if you don't know that the gains are there because shareholders expect larger future returns then you are not a savvy investor.

Returns to shareholders are currently nil, zip, nada, zilch,zero or nought. Today they are saying that that is to continue. Afraid I am out and good luck to all.

[bubloo] 10/4/2018 09:44

polaris and uk george can you please come over to polymetal thread and give your valuable opinion as i feel there is an investment opportunity there

[ukgeorge] 10/4/2018 09:36

EPS 17.4p.......sums it up :)

[bubloo] 10/4/2018 09:36

polaris you were bang on with your forecast for 2017. i think they will beat your projected forecast for 2018.
any comments

[malcolmmm] 10/4/2018 09:35

Gold- 1341
Zinc- 3247

[trawl] 10/4/2018 09:15

cash at yr end of 26.5mil is probably now about 45 mil
i thought the bulk of spending for zone 2 was already done
in the last upgrade a 5cent divi would have been reasonable