Griffin Mining Share Discussion Threads

[lodgeview] 12/7/2018 18:44

Should open up at 146 tomorrow

[phillis] 12/7/2018 15:38

and zinc price is lower than June17

[mshafiq] 12/7/2018 12:06

Yes, price has gone down too. I'm thinking adding some more.

[lodgeview] 12/7/2018 11:52

Huge 400k sell just gone through? Wtf?

[roguetreader] 12/7/2018 11:18

Great to see lots of new posters on the board. It would be even better all round to see a level of humility from all whilst posting and less ego.

[lodgeview] 12/7/2018 10:36

I've thrown everything at this since yesterday's news. All in!

[jr76] 12/7/2018 09:27

I am also lucky enough to be in the 3.5p gang, its been a long ride, sold some earlier this year at 160 just to use my cgt. Cant do my next deal until next April 19 so I will keep patiently watching

[neville1940] 12/7/2018 08:53

Hi Eyerone
I also miss the iii site and all the posters it would be great if somebody could alert millwallfan to this site

[malcolmmm] 12/7/2018 08:22

Great news , sold a lot of mine at higher prices but looking to buy back, none available on line at the moment

[mikesnr1] 12/7/2018 01:58

Sage: Although neither a frequent nor erudite contributor on ii, I read - past tense! - your posts (inter alios) regularly. Another name from the inner sanctum over there, and much missed here is millwallfan. Any idea where he might be now?

[sageman] 11/7/2018 23:14

Hi Alan, thank you for your kind words. The Sp is always somewhat a slave to the zinc price and you have to make your own decisions regarding the short term position. I purchased 45000 shares on the dip and sold them today. My 400,000+ core remains but I always like to pick up some to trade on dips. Long term GFM has a bright future with £5 not being an unreasonable 2 year target but the zinc price will always be the elephant in the room. I am very positive.

[bo doodak] 11/7/2018 23:04

Anybody lucky enough to have bought at 3.5p surely can't be too frustrated!

Diversification v greed conundrum

[dreamtwister] 11/7/2018 22:52

hope we don`t have to wait years for zone11 to be productive,

[alangrifbang] 11/7/2018 21:10

Sageman when griffin was £1.60p and after the AGM where there was no news and the share price dropped to £1 25p, now we have had the news we have waited years for it has only risen to £1 46p are you expecting this to rise and rise or is this too much to expect,I have been a shareholder for many years also buying them at 3. 5p and like yourself have been frustrated with them for many years,I find your posts very interesting and trust what you say more than anybody else,thank you,

[fundmyretirement] 11/7/2018 18:04

I am glad to see both sageman and CD turning up on here after many years on iii, I never contributed, but was glad of both for their wise and informed comments.

[neville1940] 11/7/2018 16:15

Hi Sageman,
Thanks for your comments it would appear that any BB you will always find sarcastic folk
Great day for GFM hope you are keeping well
CD

[sageman] 11/7/2018 15:50

Hvs , Neville is cd from iii and is very respected. He has held since the late 90’s and is well known to have bought at 3.5p He holds circa 600,000. When the Sp was under 20p it wasn’t that big a deal. He has posted for years.

[rose_by_another_name] 11/7/2018 15:27

I do love Trump, as it happens. China has been
taking advantage for a long time. Tariffs won't
put it right, but they will change the perception
that the West are all mugs.

And it won't matter re: zinc prices in the medium
to long term. Steel needs zinc, the world needs steel.
Tariffs are about who sells steel to who, not about
how much is produced.

[rmjones] 11/7/2018 15:23

Not sure how to interpret the "value price" but I am assuming green is good.

[brad1] 11/7/2018 15:02

Should be and will £3 a share

[sageman] 11/7/2018 14:58

This share needs no ramping. Professional investors use a range of tools including ratio analysis, CAPM , Gordon's growth model etc. This news should mean that profits more than double in 18 months time (assuming commodity prices were the same). If you add in a sustainable dividend and then do forward calculations based on P/e ratio's and discounted EPS models to forecast the share price the result is a far higher share price This is an AIM stock and poorly covered but those calks will take place albeit some may wait until the results. If it were not for the trade war with China and the resultant fall in both sentiment and zinc (don't you just love Trump!!) the share price would be over £2 today.

[lodgeview] 11/7/2018 14:39

The news is massive. Stay tuned - awesome sign off. Can't wait for results and look forward to doubling production. Incredible.

[hvs] 11/7/2018 13:48

All of a sudden they comes out of the woodwork at 3.5 pence

lol !!!!!! lol !!!!!!!

[cflather2000] 11/7/2018 13:41

Fantastic news today. I look forward to the production figures for 2019/2020 and onwards