Griffin Mining Share Discussion Threads

[mad foetus] 18/4/2018 12:13

As mentioned overnight, the biggest risk here is that the board think they are geniuses are make an acquisition. I would prefer they just milked this one for all it is worth, work on adjoining sites, and try to generate wealth for shareholders rather than a legacy business.

[up just a little bit] 18/4/2018 12:10

Do you think that the BOD will offer a dividend in July?

[rmjones] 18/4/2018 11:49

"If I may hazard a guess then perhaps all the folks who bought at 26p have moved on."

Nope - still here. Have reduced but still have a significant holding.

[malcolmmm] 18/4/2018 09:34

At the moment I can buy 148.445p and sell 148.56p which seems a bit odd

[malcolmmm] 18/4/2018 09:28

Zinc is up 1.42% today ,Gold is around $1350

[up just a little bit] 18/4/2018 09:26

Well done. Wish I had bought at that price!

[bionicdog] 18/4/2018 09:24

I've sold half the ones I bought at 6p. Will hang on to the rest and see how it plays out.

[ewads] 18/4/2018 07:41

Should be worth waiting for the elusive license.

[up just a little bit] 18/4/2018 00:02

If I may hazard a guess then perhaps all the folks who bought at 26p have moved on.

[phillis] 17/4/2018 22:10

Nothing much else to say
which is good

[mad foetus] 17/4/2018 20:28

It is amazing and beautiful how the share price rises and yet the B.B. is so quiet. Imagine if, one day, we woke up to find we have got Zone 2. Now board, just don't even think about an acquisition.

[malcolmmm] 17/4/2018 14:47

It also passes 10 screens on Stockopedia .

[phillis] 17/4/2018 13:54

Plenty of demand

[mad foetus] 17/4/2018 13:06

Back up to a 100 rating in Stocko. Top of the pops!

[ukgeorge] 17/4/2018 11:18

As everyone is in profit now. There should be little resistance so 190p or close could arrive pretty quickly :)

[up just a little bit] 17/4/2018 09:32

Good to see that the broker note £1.90

[ukgeorge] 16/4/2018 09:38

Roll on £2

This company is making 20p per annum, debt free, safe country (compared to african nationalisation of mining assets), zinc mkt should be at elevated levels for next few years, the mine is a class operation, clean good safety record. Potential mining license.

Add to this we now live in a low yield environment.

[acuere] 16/4/2018 08:39

Cantor Fitzgerald new broker note has raised the target price to 190p

[up just a little bit] 16/4/2018 05:25

What wall? Total cash generation? That's my kind of wall, just need a divi to top it off.

[opodio] 15/4/2018 13:17

Investors Chronicle

GFM about to hit a wall. That’s one possible conclusion from 2017’s record results, which provided no news on a long-sought licence that might allow the Chinese miner to double production.

[rose_by_another_name] 14/4/2018 00:32

I agree that the accounting doesn't
jibe with the company structure.
Maybe I should say the putative
company structure. Are we paying the
junior's tax bill?

[polaris] 13/4/2018 21:23

RBAN,

You need to look at the way it is presented in the figures then. GFM book 100% of the revenues of Hebei Hua Ao. and then expense the 11.2% in the administration column as a Chinese fee. If treated as a normal minority holding then the 11.2% would be expensed from PAT under this scheme, as GFM only have an 88.8% holding in the mine. In the case of a loss then a loss would also be attributable to the minority holding in the normal scheme of things. The only reason i believe they do it via an 'administration expense' is if the minority partner is protected from any losses - i.e. the minimum charge is zero.

[rose_by_another_name] 13/4/2018 16:56

The 11.2 percent Chinese participation is
not a share in Griffin, but a share of the
mining company Hebei Hua Ao. Griffin owns
the other 88.8 percent (a lucky number in
China). So yes, the Chinese investor gets
a share of the mine's earnings, but it
doesn't come from Griffin.