Griffin Mining Share Discussion Threads

[alangrifbang] 12/8/2018 10:42

Thank you Neville I apreciate your reply,

[neville1940] 12/8/2018 09:36

Hi Alangribang
Good to talk about things I am a bit younger than you however as you possible know from my iii posts I lost my darling wife ,bestfiend ,& best mate just over 2 years ago aged 57 to cancer however the only thing we had done was to have all our affairs in order this makes things. Slightly easier but the GFM share price is so insignificant compared to what we have both been through I have made a small fortune on GFM but would give away every penny to have my wife back again , keep your chin up and good luck & good health to you
CD (Neville )

[alangrifbang] 11/8/2018 20:14

Hello Neville ,another positive post,although I haven't talked about it before feel I must now,i will be 80 years old in January .my partner of 50 years ,had a massive stroke in November 2015 ,I never saw it coming she was very fit,between then and August 5 th last year when she passed away,I paid out of her account a six figure sum in nursing home fees,and recently when the probate was settled it cost another six figure sum in death duties ,there was no time to look into anything, not like cancer when you have time to talk about things,so please posters here make sure your affairs are in order in case it happens to you or your family,I too have held griffin for twenty years, my partner left me her entire portfolio including griffin,I will keep them and look forward to reading your and sagemans posts ,

[neville1940] 11/8/2018 18:48

Hi Sageman,
As you know I have great respect for you however I wish you did not waste your precious time on these domakers , basically speaking they A Do no reasearch B When they get there fingers burnt all they resort to is being rude & disrespectful to the BOD C As you also point out they have no idea whatsoever how difficult it is to successfully run a mining company in China ( As pointed out by our great friend Phillip Read on the iii discussion site also endorsed by a great friend of mine who has been dealing with the Chinese fir the last 45 years
In conclusion the BOD never bother to read these pointless posts also us long term holders have no issues whatsoever with the performance of GFM over the past 20years IMO still a lot of mileage in the share price riseing over the next 12 months
CD

[alangrifbang] 11/8/2018 16:54

A very good post sageman,you help me no end to keep level headed,I wish the BOD would read some of our posts and realise where they fail us with lack of information,I can't think that will ever change,I find on the BANGO site they too have plenty of moaners,the worse thing is you can't get rid of them,at least when you post you answer all the questions in a proper manner,keep it up .

[sageman] 11/8/2018 16:34

This is the Griffin Moaners board. I would wager that most of the moaners bought in having done little research and have tiny holdings. They blame the Bod for everything, have little concept of how things are done in China, even less understanding of how business works and would all buy in again at under £1. Personally I am not that interested in the ideas of people who are losing money especially when this share has multi bagged over the last 2 years. They expect profits warnings when the zinc price drops but not vice versa. Personally I prefer to listen to long term holders. We know that the BOD are in it for themselves and are rubbish at communication. But we also know that they want to expand the mine and drive up the share price long term. Some of the deramping here displays a playground mentality. Rarely have I read such transparent drivel.

[opodio] 11/8/2018 16:08

I'll not buy any until the crew are jailed for misleading investors :))

[roguetreader] 10/8/2018 13:05

thought GFM was Zinc
(comedy?)

[phillis] 10/8/2018 09:58

cos the Chairman said so - no comment on second half
(irony)

[roddiemac2] 10/8/2018 09:05

Phillis ,

How certain are you of 2019 , and why?

[ewads] 10/8/2018 08:02

Can't fault you podgyted, if you are looking for a reasonable capital gain.
No divi any time yet, zinc still languishing below $2, and pressumably still working on the lower grade ore.
I thought we would be in a really good place by now assuming the supposed mine closures resulted in a tightness of available concentrate. But somehow stocks seem to be increasing rather than tailing off.
I will probably hang on until Zone II is approved and zinc price is ca. >2.5/t.
Good luck in re-investing ( hope it's not fryingpan/fire!)

[podgyted] 10/8/2018 01:56

The only thing supporting the current share price is the zone II jam tomorrow.

On fundamentals and lack of information it should be down at 100p.

So, so cynical to do these ad-hoc buy-backs, but I don't need to tell you that, you're used to it.

Sold out my small stake today - so disappointed as I wanted to add. There are way better opportunities out there. Invested here knowing the corporate governance was not good but was fundamentally shocked by the H1 reporting.

Anyway, good luck to holders here - I hope I'm wrong, but if I'm right I hope your other holdings more than compensate.

[phillis] 09/8/2018 20:53

In 2019 I believe

[roddiemac2] 09/8/2018 18:26

acuere,

Yes I am. The share price rise to around 160p was on nothing more than blind optimism and hype.

The Chronic Investor does not always get things right, but the I.C.was right to be wary. I said so at the time: Still jam tomorrow , and plenty of risk. I was out before The I.C.`s call.

You were wise to change your stance. Having said that GFM may yet become very lucrative.

[galoot] 09/8/2018 17:40

Another 50000

[acuere] 09/8/2018 16:58

Are you seriously now suggesting a 139p sell rec was a good call when the share price was 15% higher 4 days later!

[acuere] 09/8/2018 16:45

Roddiemac2,

Yes I have. But that is because circumstances have now changed. Zinc price has fallen, production has fallen. The board blame the fall in zinc price during the period for the poor H1 figures but that is a smokescreen because average zinc price was higher for the 6 months. Add in the ditching of the one broker who used to provide decent coverage and, outside of zone II license, I struggle to see the catalyst for an share price rise for next 6 months.

[roddiemac2] 09/8/2018 16:25

The answer to your question above ,----"Is probably pretty good."

[roddiemac2] 09/8/2018 16:17

acuere,

I see you have changed your tune since you wrote the following:--

"
acuere - 20 Apr 2018 - 10:14:54 - 27739 of 28450 GRIFFIN Mining - Chinese Zinc & Gold (Moderated) - GFM
The Investors Chronicle review of Gfm results appears in todays printed copy. Not sure why it wasn’t in last weeks but the delay only serves to make it look even more ridiculous. They choose to mainly focus on the lack of dividends despite cash pile (ignoring the fact that results stated they looking at base metal acquisitions), and the lack of clarity in regard to zone II license.
They also quote old 2018 forecasts, even though it was obvious these were going to be raised.

Their conclusion therefore was that at 139p, it was time to sell!!

At the current share price of 162p, I wander how their paid subscribers who followed that advice are feeling today."

[rose_by_another_name] 09/8/2018 10:44

Some years ago the board wanted to re-issue
options at a lower price after the share price dropped
(leaving the options unattractive) but a fund
that had a large holding dissuaded them. That
fund hasn't held shares in Griffin for a long
time.

[acuere] 09/8/2018 10:36

Sage, I agree that options are a good way to incentivise BOD. I like to see directors with some ‘skin in the game’. I also concur that share price has performed well this last 12 months. The trouble is, that rise was nothing to do with BOD. As you know it is entirely down to the rise in zinc price over which BOD obviously have no control. Therefore to award large options when zinc price is low and ipso facto the SP, in the knowledge that the cycle will come round, is just milking the cash cow.

The BOD continued p*ss poor communication and disregard to shareholders have seen me reduce my holding by 90%. I retain an interest just in case zone 11, which they’ve happily told us has been imminent for years should finally materialise.

GLTA

[rubberbullets] 09/8/2018 10:34

Won’t go lower than 18p on the next warning

Handing free shares to chosen shareholders is ridic

Game over man

[rubberbullets] 09/8/2018 10:31

This is going to be death by a thousand cuts

[brucey6onus] 09/8/2018 10:09

Zinc finally showing sustained green - nr one month high