Griffin Mining Share Discussion Threads

[lodgeview] 28/8/2018 23:33

Guys I'm genuinely concerned. I should have learned never invest on AIM.

[neville1940] 28/8/2018 23:27

Hi MWF,
Wilco looks like its fish & chips instead of fillet steak !
Cheers
CD

[millwallfan] 28/8/2018 21:49

CD. E mail me and sage when u back in Blighty. Have a good break

[neville1940] 28/8/2018 21:31

Hi Sageman ,,
Gasp!! if this carry’s on I will be in intensive care
Cheers
CD
Now off to the villa in Spain for 2/3 months so a few glasses of Rioja will ease the pain

[alangrifbang] 28/8/2018 21:15

Go and play in the traffic,

[opodio] 28/8/2018 21:05

90p coming very soon

[sageman] 28/8/2018 20:26

Phillis , I think you mean tests recent lows as opposed to new lows, 80- 90 p is one thing 3.5p would make even CD gasp loudly!

[phillis] 28/8/2018 19:32

Or a fortnightly basis
Let's wait and see what happens to zinc as GFM tests new lows
If.....

[sageman] 28/8/2018 19:21

The share price will not react to zinc on a daily basis. The market knows that the recent low may need to be tested. In the meantime everyday at these levels does not help forward P/e ratios. The future direction of zinc is critical.

[phillis] 28/8/2018 19:07

Yes a bit funny isn't it
The share price going down and the zinc price going in the other direction
That isn't the way things are supposed to happen
Is it?

[neville1940] 28/8/2018 18:47

Alan
Many thanks for information

[rose_by_another_name] 28/8/2018 17:52

No point in reacting, Sage. Just a shorter who
thinks annoying this forum helps his chances.
Which in itself tells you how clueless he is.

[opodio] 28/8/2018 17:46

Price weakness in chart

Weak begets weak

sub 100p coming this week

[sageman] 28/8/2018 17:25

Opodio you are annoying troll. You have no idea what price this will be this week so foxtrot Oscar unless you can provide any substance/ argument.

[opodio] 28/8/2018 17:15

under 100-p this week

[spittingbarrel] 28/8/2018 16:31

I'm no great chartist but there's a gap down to 86 from December last year, maybe it wants to fill that. I've no position but am thinking about buying.

[sageman] 28/8/2018 15:59

Lodge, no one can tell you what to do.I held an additional 250,000 at £1.09 B/E. This was my trading position and I sold as posted here. I was up on paper circa £125,000 on this trade and escaped having "lost" £100,000 of the trading gain. But paper gains and losses are meaningless as you only win or lose when you buy and sell. I still hold 200,000 plus as my core. Unless Zinc and gold push north (in the absence of license) I can see a bottom under £1. However, we were 60p with zinc around this price BUT with a pile of debt. The debt has gone! For me I therefore see a bottom of 80-90p (ie just under NAV depending on zinc). If zinc can kick on back to the $1.30's then £1.20-£1.40 would be my best guess (this year without license and dividend news). I clearly am hoping for the latter, in view of my existing holding, but in the event of scenario one then I would happily refill my trading pot , since I believe in the long term future of this company. I hope this helps, it is just my opinion.

[lodgeview] 28/8/2018 15:11

Podgy what do you believe?

[podgyted] 28/8/2018 14:19

The PER is only around 5 if you believe the published forecast which has not been updated for H1 and the recent fall in POZ - I for one do not believe it.

[phillis] 28/8/2018 13:56

lodge
this has gone too far i think
Steel prices strong in china

Just bought another 10k

[lodgeview] 28/8/2018 13:13

Rose are you concerned? Will we ever see the share price back up at 1.50?

[rose_by_another_name] 28/8/2018 13:01

PE is a buy, yield is not.