Griffin Mining Share Discussion Threads

[rmjones] 16/8/2018 10:20

Historic zinc prices for every three months

5:17:31 PM: April 2017 2633.03, July 2017 2785.10, October 2017 3273.95, January 2018 3447.20, April 2018 3190.93 , July 2018 2658.73

I am struggling to see how zinc price contributed significantly to poor first 6 months results.

[up just a little bit] 16/8/2018 10:16

Sage,
You are a very poor listener, no one said it was not to do with the price of zinc. And indeed you have an opinion and like many other shareholders you have been in GFM for over a decade. Lots of us here have been in GFM for over 12 years and we also have opinions based on facts and our views are just as relevant as yours so maybe you should respect that. You may just find you get a little respect back.

[sageman] 16/8/2018 10:04

It is beyond belief that posters think that the sales price of a company's product is irrelevant when at one stage yesterday it had fallen 35% in 6 months. This is a game changer. I would suggest that academic study around financial modelling and forward p/e ratios would be the most helpful suggestion that I can made to those impacted. Thereafter an apology would be nice but not expected! My purchases had nothing to do with luck and everything to do with understanding the company and what would happen if warehouse stocks fell and zinc rose. go look at 2006-2008.

[sageman] 16/8/2018 09:54

Up, my "opinion" is based on being a shareholder for 12 years and lots of research. It is also borne out by the facts. Believe what you like.

[rmjones] 16/8/2018 08:14

Strong dollar hitting all commodities.

[up just a little bit] 16/8/2018 00:11

For all the posters on advfn. In case you are wondering about the pros and cons of the advfn and ii it's all about giving ii accountability who you are and that does not equate to the factual content of your posts anywhere more so than advfn. The 3.5 brigade may have you think otherwise.

[up just a little bit] 16/8/2018 00:05

To add to that it would appear that the 3.5 brigade are in the minority and they may have been extremely lucky to have been able to buy the shares at that price it does not give them the bragging rights even more so that they appear to have lost several 10's of thousands of £'s.

[up just a little bit] 15/8/2018 23:59

Sage man, I do have a further observation and that is the fact that you are intransigent with regard to what you believe to be the be all and end of all what is right and what is wrong with the share holders that post on advfn and associated bb sites. From my humble experience I would say that 80%of the GFM shareholders do not partake in the discussions on this BB or any other social media site. With this in mind I put it to you that you have an opinion that equates to a very small percentage of the PI's who are holders of GFM.

[up just a little bit] 15/8/2018 23:00

Before the 3.5 brigade get on their high horses and Sage back tracks on buying on the dips I would say that the management have tried but drawing a line under the efforts to date the information and options they could have used are very sadly lacking if not non existant

[up just a little bit] 15/8/2018 22:57

School report for the BOD. COULD HAVE DONE BETTER.

[mariopeter] 15/8/2018 22:36

Rose glad you can see my point about how the BOD can easily manipulate profits so we must sync with what they want.

[mariopeter] 15/8/2018 22:26

My thoughts Rolo

[alangrifbang] 15/8/2018 20:52

You Must have a sad life,

[opodio] 15/8/2018 20:47

50p coming here

[rolo7] 15/8/2018 19:38

clear head and shoulders top on chart?!

[rose_by_another_name] 15/8/2018 17:10

Sage- There is more to probity than merely
claiming it. I do feel your posts have
misled people, particularly your "I buy on
dips" while actually selling. Of course you
won't see it, and apparently now are actually
taking umbrage at the suggestion.

A "pump and dump" scheme is not all about
getting the price up by encouraging others to
buy. It is also about encouraging others to
hold to slow a falling price while you get out.

[rmjones] 15/8/2018 17:10

.. all metals down. Maybe an influence from our friend Mr Trump?

[sageman] 15/8/2018 16:55

Mario if you think that I can control the price of zinc you are delusional. Similarly if you believe I wanted the Sp to drop when I held 450,000 shares you are wrong. Also having told people for years about GFM being a geared play on zinc I would have been a prize prawn to sit and watch zinc drop and do nothing. Investment involves buying and selling shares on the back of research and known drivers .I also didn’t like the pump and dump jibe. I have posted on this Sp for years and when I first posted here the Sp was in the 1.20’s. I am happy with the co but zinc is the elephant in the room in terms of short term Sp direction. I want it to rise but now have liquidity to buy if it falls. The fundamentals have changed and I have swiftly acted. Other will do as they please. CD will just be holding as always, in contrast I trade some.

[up just a little bit] 15/8/2018 15:28

Better for GFM to start a proper buy back and cancel programme rather than this piece meal numbers and then holding them in treasury.

Better still imagine if they had announced a dividend then all the share holders even the 3.5p brigade would have still be looking at a half decent share price.

[rmjones] 15/8/2018 15:11

I originally posted that I thought that zinc supply and demand had not changed significantly. I am beginning to think I may be wrong and that there is data in the pipeline suggesting otherwise - I do not understand the fall.

Can't see where the resistance is at the moment other than it dropping to a point at which it can no longer be mined profitably.

[mariopeter] 15/8/2018 15:03

Your existing shareholding is irrelevant. What is relevant is how many you dumped over the last two weeks.

[polaris] 15/8/2018 14:53

These people do not have the experience or technical knowledge to know when to sell yet they nurse losses not primarily because of your posts but they are influenced by your posts.

If this is true then people really need to take a good look at themselves in the mirror. If you do not have the foresight to research any company, both the pros and cons, before investing in it then you are either a gambler or a fool, possibly both. Anyone taking advice from people on BBs as their major influence on whether to buy or sell a share should not be in the game. Unless declared otherwise, noone here is an IFA and cannot give financial advice. These boards are a place for informed discussion of pros and cons, or at least that is how i take them. It appears most boards descend into name calling and backbiting when the share price is not 'behaving'.

Where is your investment case? Where are your primary targets and reassessment points? Are you trading with money you can afford to lose? How often do you reassess targets? Do you understand the financial structure of the companies you are investing in? If you do not have the answer to these then stop gambling! you might be better off with the horses. This is not the dotcom boom where you could, quite literally, stick a pin in the page of the AIm stocks and find a multi-bagger.

Yes, GFM have disappointed, it is one of the reasons i have not bought back here after selling back in April. I had my price target, based on my own projections of annual revenues and costs and prospects for zone II. They are all here on the open boards as i posted them to get feedback, comments and make improvements to my personal projections. I sold out because the price of Zn turned and was showing no signs of finding a support level on the way back down. I expected to see production around the 20k Zn mark plus the byproducts. It is well down on that with an associated increase in costs above and beyond that solely attributable to lower grades. For me, this whole sector is in red flag territory until new support levels are found for base metals. That means stay clear but observe.

[sageman] 15/8/2018 14:53

Hmm Mario, I still hold 225,000 shares. I have not pumped and dumped. I have simply reacted to zinc price movements and alerted others to do the same. The fall in the zinc price since mid June has been the elephant in the room. It stabilized and I was hoping for it to rise but in the last 4 days it has fallen sharply. Long term this is great investment with a BOD committed to driving growth but short term ignore zinc at your peril. Closer reading of my posts will see that I have mentioned zinc many times.