Griffin Mining Share Discussion Threads

[ukgeorge] 23/6/2018 18:52

There was a site visit by various analysts last month. Which may filter down to some more interest from institutions. The mining license is not expected any time soon.

[alangrifbang] 23/6/2018 18:41

I have been in griffin since day one they have never supplied anything other than the very basic news,I have spoken to Roger goodwin many times over the years he is a very pleasant man that will always speak to you but after you have put the phone down you realise you've learnt nothing at all at the end of the day all this money they are making has to go somewhere.perhaps if enough people contact them and complain they may finally listen.

[kenmitch] 23/6/2018 17:41

A bit bemused that some feel so strongly about no dividend. The share has doubled fast so no complaints there! But what does grate is lack of information on key things like why is the second licence so long delayed and what steps if any they are taking to try and get it. The longer this goes on the more likely it becomes they will never get it. That would be disappointing. If/when they announce no chance of getting it, share price likely to fall. BUT fundamentals of existing business seem so strong that that fall could be a good chance to top up or buy .Still very cheap and still 99 on Stockopedia. Adding/buying ahead of 2nd licence news would work very well IF it happens.

[malcolmmm] 23/6/2018 15:52

Looking to buy back in after a terrific run here, they will get the licence eventually and are making good profits on gold and zinc.Will look on Stockopedia to see when the next trading update is likely .

[galoot] 22/6/2018 21:36

I will be surprised if they give a dividend at the interims, some feeble excuse no doubt in my mind. I expect a dividend next year. Hopefully some good news at the interims will support the share price.

[ewads] 22/6/2018 15:00

Like most, losing a little faith in expecting any meaningful news (divi or licence).

I can predict the text for the upcoming AGM from far off lands :-

"The Board of Griffin Mining Ltd ("the Company") is pleased to announce that all the resolutions put to the shareholders of the Company at the Annual General Meeting held today were duly passed."

[alangrifbang] 22/6/2018 12:52

Very disappointing,a company making all this money and down we go,I would be more content if this company kept us more informed they have always been bad over the years,and the AGM coming up ive no doubt will tell us nothing! Holding a large amount of shares in griffin and BANGO so will probably lose the little bit of hair ive got,

[mad foetus] 22/6/2018 11:46

AGM coming up and looking important. Company is doing great but need to improve on investor relations. A clear progressive dividend policy would cause a swift rerate to £3+ imo. A bland statement and no dividend news and the directors may find their re-appointment challenged next year.

[rose_by_another_name] 22/6/2018 11:42

I think the downward break was more about the
general market retreat than the Griffin chart, but
the fall in zinc is no help.

[up just a little bit] 22/6/2018 11:40

Good luck with your quest. I'm waiting for the next set of results and am expecting to see a dividend.

[ukgeorge] 22/6/2018 11:36

Zinc has slipped recently. Also the chart has broken the wedge to the downside.

I've had a great ride with these shares but, have sold today.

The share buy back should prop the share price up but buying at these levels does seem a little silly.

Roll on finding another multibagger like this.

[up just a little bit] 22/6/2018 11:23

Why the drop?

[podgyted] 20/6/2018 17:36

Wonder if they've done any buy-backs today?

[mikesnr1] 20/6/2018 02:47

Phillis: couldn't remember whether the figure was 72.8% or 78.2%, so I opted for the smaller percentage. I've made a more accurate check as follows:

Shareholdings
Institutions: - 5,114,010
Individual Insiders: - 34,025,723
General Public - 133,232,328

Total shares:- 172,372,061

General Public's Holding therefore:- 77.3% of the total....I wasn't far off!

I've emailed Griffin from their site: Roger Goodwin responds with alacrity. He's amiable and helpful to a point, but I agree with RBAN the board are very slow to act - more reason to increase the quantity and quality of investors missives surely?

With our predominance it must make sense...The more the merrier, what!

[mad foetus] 19/6/2018 17:29

Fair enough rose, all I can say is that he responded quickly and said the right thing. Whether it results in action I don't know, but it cannot harm for investors to make their views known

[rose_by_another_name] 19/6/2018 17:24

Many have said that Roger Goodwin is available
and responsive, but I have never heard that any
of the concerns they raised with him have been
acted upon.

[mad foetus] 19/6/2018 10:44

All I can say if that when I emailed Griffin the FD (Roger something) responded straight away and promised to pass my comments in to the board. I would certainly recommend that if anybody has views they use that channel.

[phillis] 19/6/2018 08:14

and the 72.8% comes from where?

[mikesnr1] 19/6/2018 03:04

Ref mad foetus 27860:
Totally agree with you about writing to the board.

As I understand the situation we PIs' OWN around 72.8% of the company (please correct if necessary).

There is of course much debate and considerable unrest concerning the somewhat 'isolated' AGM venue(26 June); very few of us - the 72.8% - will attend, for obvious reasons.

We really should amplify our predominance in numbers by requesting more updates via RNS's, company news; more say as an entity in determining (even modifying) the board's views on dividends, buybacks, acquisitions and the like...

As a LTH I'm constantly worrying that our voice is but a shrill apology for the mighty blast it should be!

Let's write with prolific exuberance to our company ABOUT what we feel is best for all involved. GO FOR IT!

PS:the above should be construed only as constructive criticism; overall I'm
overjoyed with GFM's performance, trading through all the historic volatility...
but now near 80 and bald as a coot!

[makinbuks] 18/6/2018 18:30

Always good to read someone with a positive spin but not particularly inciteful analysis

[up just a little bit] 18/6/2018 18:18

Sorry folks you will have to cut and paste the link it's not working for me sending it from my mobile

[up just a little bit] 18/6/2018 18:15

https://simplywall.st/stocks/gb/materials/aim-gfm/griffin-mining-shares/news/why-you-should-be-bullish-on-griffin-mining-limited-longfm/1 month old but a good read

[podgyted] 16/6/2018 23:25

The only reason I still get the IC is ST - and I guess for many people he's marmite - but he's the only one who still investigates - the rest just regurgitate analysts notes.

GFM held its own on Friday when the commodity sector was crashing which seems quite a positive.