Griffin Mining Share Discussion Threads

[rose_by_another_name] 27/8/2018 10:15

Griffin is not currently listed on any other
market, though there was talk about an Asian
listing (Hong Kong?). As to the other, I see
that alangrifbang was left Griffin shares, so
perhaps he has some insight. HMRC will not, of
course, tell you whether a share qualifies in
advance of the event.

[phillis] 27/8/2018 08:19

I think we can dismiss the "not for profit organisation " can't we?
🤔

[phillis] 27/8/2018 07:45

Rose
Please make further enquiries e.g is GFM quoted in Australia or HK
This would make it ineligible
Since GFM does not operate in the UK might Plc be considered as only owning shares in an overseas entity in which case this would possibly make it ineligible

Edit

Found this in IC
You are indeed absolutely correct that not all Aim shares will qualify for what is more accurately known as business property relief (BPR), even if held for the requisite two-year period. In an article we published two years ago (‘Build an IHT-exempt share portfolio’), we revealed that of the 1,087 companies listed on Aim at the end of January 2014, just two-thirds qualified. In many cases the reasons for non-qualification were clear – those with dual trading on a recognised overseas exchange, and companies whose principal activities are excluded from the relief, notably investment companies. However, in the case of a significant number of shares it proved harder to categorically determine whether they qualified or not – resources companies, for example, would qualify on the basis of their principal business activity, but are often structured as investment companies. The HMRC defines a company that does not qualify as one that:

■ Mainly deals with securities, stocks or shares, land or buildings, or in making or holding investments.

■ Is a not-for-profit organisation.

■ Is being sold, unless the sale is to a company that will carry on the business and the estate will be paid mainly in shares of that company.

■ Is being wound up, unless this is part of a process to allow the business of the company to carry on.

[neville1940] 26/8/2018 23:29

To rose by another name
Thanks for your post your learn something everyday To be honest I was not aware of AIM shares avoiding inheritance after being held over 2 years for me that is great news
Neville1940

[alangrifbang] 26/8/2018 21:01

Hello rose,I have posted here warning people to get all there affairs in order,I wouldn't wish it on anyone what I have been through,my partner of 50 years had a stroke in 2015 ,we hadn't planned or talked about it it ,consequently all the accounts were frozen at that moment,I was left her entire estate hence griffin was one of the shares ,I finished up paying a six figure sum in nursing home fees and a six figure sum in death duties luckily ( or unluckily ) I am nearly eighty,and don't need the money but if you were younger it could be very different for you,the lesson I can pass on to you is get it sorted out now,cancer gives you time to talk a severe stroke most certainly DOSENT ,enought being morbid good luck to you all,

[gailes5] 26/8/2018 18:51

Neville, I suggest you adopt Walter Mitty as a suitable nom de plume!

[up just a little bit] 26/8/2018 18:11

Rubbing peoples faces in it is lamentable.

[neville1940] 26/8/2018 17:32

Jealous is a terrible disease

[alangrifbang] 26/8/2018 12:47

After some very interesting posts I see we are back to the rubbish again,

[opodio] 26/8/2018 12:10

Odey Says Tesla Feels Like It's Entering Final Stage of Life


I says GFM Feels Like It's Entering Final Stage of Life
\

[neville1940] 26/8/2018 11:14

Think I will change my poster Name to Mr 3.5P just to wind you up further

[sageman] 25/8/2018 10:50

Podgy, nice honest post. You are out hoping to buy in cheaper and all your posts reflect that. On other boards you would be called a deramper but at least your post has some balance. I do trust our greedy board but what few people have picked up on is Chinese patience and the fact that the BOD are involved in ongoing negotiations. Remember that it is not just your shareholders that read an RNS and sometimes it is not in your interests to say too much. If you read GFM Communications with this at the back of your mind the poor communication becomes less irksome. I have always believed that this is part of their strategy ,but this is just my opinion.

[podgyted] 24/8/2018 01:39

Thanks Up - serious player!

Still think I'll stay out until things become clearer - whilst the price of zinc is obviously key - there were other factors in the H1 numbers which were of concern. The latter were not addressed in the interim report. Whilst others may accept e-mails/phone calls from "Roger" that the cost overruns and low % yield zinc production are over, I'd prefer to see it in the numbers before committing.

I guess my main problem is that whenever any other miner hits lower yield ore - it happens all the time (eg currently CEY and ANTO)- their reports are full of assurances that the lower yield is a temporary problem - it doesn't have to be dragged out of them.

I suppose it comes back to the core here. Some people trust the BOD; some people don't and I guess time will tell.

[lodgeview] 23/8/2018 21:54

Still quite a way to go before I at least B/E. Let's hope it's soon.

[alangrifbang] 23/8/2018 21:23

Excellent post with so much information,and very nice to see your still interested sageman ,

[sageman] 23/8/2018 20:46

Hi MWF quality post as usual and marked up by me accordingly.

[up just a little bit] 23/8/2018 19:45

Nice to see a post that takes into account a balance. I too continue to hold and have a similar expectation for an exit point.

[millwallfan] 23/8/2018 19:35

Hi Sage et al. I never spent extensive time on detailed number crunching here but have long held the view that a number of factors had held this share price at a ridiculously low p/e. Debt being one has now been removed , in fact almost a year ago now - hence when zinc price rose steadily and sentiment in that factor changed we saw a real spike in share price Zinc now in free fall means previous negativity has returned and combined with the continued negative views held by many of operating in China,the poor Comm's from the BoD, and of course the recent disappointing results and no dividend, have all aggregated imho, to return us to days of old. Personally, I am in a continue to hold mode, as I do believe the fundamentals are strong and as you have stated many times the price of zinc is key and cyclical. Increased production from the new licence can only be positive as long as mining and processing costs never exceed sale value. I fully accept I have missed the boat for now with GFM to fulfil my previous honest comments that I intend to exit from all of my shareholdings over the next year or two. My target here is £1.75 to £2 and happy to wait - but not too long !!

[up just a little bit] 23/8/2018 18:29

.His list of holdings is not up to date

[trawl] 23/8/2018 18:28

overbrook management hold just over 5%
also long term increased from 4% to 5.13% in aug 2016

[up just a little bit] 23/8/2018 18:27

www.marketscreener.com/business-leaders/Richard-Griffiths-05J8QH-E/biography/

Shows all the holdings he has etc..cut and paste that in your browser.

[neville1940] 23/8/2018 18:10

As pointed out Griffiths and Family have been in for several years very interesting that he has now increased his holding ,IMO with sensible Zinc prices GFM will be back to recent highs within the next 12 months remember it will not be long before they are able to ramp up production

[trawl] 23/8/2018 17:57

griffiths has been a holder for years
has increased from about 4% which he purchased a long time ago
i think his original purchase was around 35p
definitely not crony