Griffin Mining Share Discussion Threads

[phillis] 07/10/2018 15:20

I prefer boquerones
Preferably not on the trash side of town I.e. PB

[alangrifbang] 07/10/2018 13:24

His sage,in today's Mail it's showing GFM mining the second best riser on aim 28% up because of stake building .interesting!

[phillis] 07/10/2018 11:37

something to keep the Chinese wheels spinning

[millwallfan] 06/10/2018 18:02

Sage. In my book a takeover would only be a 'bonus' if it is at a large premium price to current level. You and I have alluded elsewhere to the potential value of the company should zinc fully recover and the licence be confirmed enabling production to almost double. Hopefully there will not be any hostile move before one or both occur. A bidding war really would be a bonus if a couple of majors became involved.

[alangrifbang] 06/10/2018 17:00

Thank you sage,that makes it a bit more clearer ,in fact now I remember someone posting last week that chinese markets were closed and there could be some interesting movements ,so we will keep everything crossed for Monday,with griffin there is always something to talk about,

[sageman] 06/10/2018 14:07

Hi Alan, the Sp was taken down to a major support level , it bounced and was retested. It is now strong support but not unbreakable. Zinc had been in freefall,falling going ever lower and then doing a dead cat bounce before going lower without breaking previous resistance on the upside. This time we have seen the upside resistance broken albeit that the $1.035 bottom has not been tested so ( whilst I am no chartist)the Sp looks strong but zinc’s position is less certain. Whilst the Sp was falling there was no operational RNS announcements and similarly none during this recovery. It follows that zinc has been the driver. Chinese markets were closed this week so it will be interesting to see what happens next week. GFM has often been the subject of takeover rumours. If it happens it will be a bonus!

[alangrifbang] 06/10/2018 12:49

Sage,I'm a little confused that only a few days ago this share was languishing at 86p you were concerned whether it would hold or not,opodio did his usual one liner saying down to 60p,now suddenly a big rise everybody seems positive and it seems the best thing since sliced bread,I accept the zinc price held but what else happened,also many posters think it might be taken over,a few days ago nobody would touch it,

[rose_by_another_name] 06/10/2018 11:38

I'm put in mind of a friendly country pub
that has been overwhelmed by a coachload of
rugby players, only they never left.

[up just a little bit] 06/10/2018 10:09

Ewads you pay your money you take your choice. I see that you circumnavigate around the brush that was painting all advfn posters when ii shut down. You also seem to have failed to notice the posts in which I have praised the BOD and others with links that new investors to GFM would find useful re zinc supply and demand outlook as well as mines reopening. I had previously posted re Century reopening and the expected schedule but was put down by someone who apparently thought what I said was Rubbish due to the drop in zinc price. However the 50 mil that was invested to reopen the mine is now giving them 19.5 mil AUS dollars per month to Century. And still with that being sold into China the predicted outlook for zinc is very good.
I much rather prefer my outlook and not gaze admiringly at the BOD turning a blind eye to their lack of clarity in the last set of results and many other incidents that they get away with as they are in Bermuda.
Just because I post negative as well as positive information it does not mean that I am not here to make money from them.
No need for an apology
I like a balanced approach with some hard challenges as well.

[ewads] 06/10/2018 08:59

Up - Pl do not make the assumption that you speak for anyone (especially me) with any of your numerous negative posts - 29477 "To the rest of us you are an ostrich with your head stuck in the sand". Other than that you post what you like!

I will admit that I just normally pass just a cursory glance at your posts as I can guess the tone and content.

The last week was better, highlighting the correllation with the old poz debate, so lighten up,Up. Apology accepted.

[sageman] 06/10/2018 08:13

I too have spoken to Roger on occasion over the years and have found him to be a decent guy. However, I respect that legally he can only say certain things and the last thing I want is to be considered an “ insider”. He is genuinely committed to the mine and has been at the co since the mid 90’s. Over the years I have asked him a number of hypothetical questions that have nothing to do with current trading, thus he can answer them. Thus if those things happen subsequently I have a pretty good steer as to what the BOD are likely to do. I have generally liked the answers I receive finding that what he would do is what I would do so I stick with the company. Although I dislike the poor RNS communication I have come to believe ( my opinion) that this is for tactical operational purposes so I reluctantly accept it. PI’s would do well to check out the insider trading rules prior to contacting Roger since this would change both the nature of their questions and their expectations surrounding the reply.

[neville1940] 05/10/2018 21:28

MWF Great post over the past 21 years I have had no problem getting answers from GFM vi a email normally with 24 hours
Cheers CD

[alangrifbang] 05/10/2018 21:14

I have spoken with Roger probably a hundred times over he last ten or more years ,our conversations were excellent and we talked about many different shares,but that has gone now and its like listening to a long playing gramophone record,I've now given up,I'm sure many years ago they won some award from China ,I intend just to stay put and see what happens,if I was fifty years younger I would be getting exited,ihope it does well for all the youngsters who post on this site,

[millwallfan] 05/10/2018 20:50

Up. I certainly don’t consider myself an oracle on any subject least of all GFM. I just offer my opinion derived from some 20 years as a shareholder, through times when the company could have easily collapsed and folded losing all investors funds, to have ridden out the storm, having the good sense to completely refurbish the mine whilst building the ownership stake, establishing excellent local relationships, achieving a debt free profit producing miner and taking the share price from 3p to £1.15 ( peaked at £1.65). Pretty hard to dispute these facts or indeed to name many other mining companies who can match such achievement. Please do however feel free to post a list for me. Yes there are negatives including weak investor communications but at the end of the day investors choose where to place their monies and no-one is holding their arms up their backs. Rather than continually berating the BoD unhappy investors should vote with their feet and sell. For the record I have never even spoken to a GFM board member let alone share my driveway with one.

[up just a little bit] 05/10/2018 19:43

Mill, you state that you have never had any problems with the honesty and integrity of the BOD. Lots of share holders have issues with the reporting and the lack of transparency and the judgement of certain individuals and the incestuous relationship between family members and issued contracts. If you want to appear to your audience as the Griffin Oracle then so be it. To the rest of us you are an ostrich with your head stuck in the sandIt appears to me that you possibly are the kind of person that turns a blind eye to white collar crime. Is Rodger Goodwin a neighbour of yours?

[millwallfan] 05/10/2018 19:02

Pod. You raise legitimate points. I guess we are reliant to some degree on the honesty and integrity of the BoD. I have never had any concerns in this regard. A very eminent poster on another board who was domicile in China often commented how fantastical well GFM had done to win the trust and respect from chinese authorities - in fact one of very few to do so in the mining environment. There may possibly be a takeover bid ( to take the company private or indeed from a mining major). Should this be the case let’s hope for a bidding war to force the price to a max. However, my guess would be that many long term holders are quite happy with the current position and opportunities for future growth. Only time will tell all !!!

[up just a little bit] 05/10/2018 19:01

Griffiths is the only major holder with just under 10%. Let's see what the next quarter brings with regard to the price of zinc and fingers crossed we have some news on the license. Kitco article two days ago is promising going forward for zinc prices and if anyone knows its them.

[podgyted] 05/10/2018 18:05

Bermudan law does not require the disclosure of major shareholdings - why would it include provisions protecting minorities?

As far as I can see they have no institutional shareholders.

Only a conspiracy theory for Friday - the discussion was started by others.

[phillis] 05/10/2018 17:48

fantasy friday

[podgyted] 05/10/2018 17:40

Conspiracy theory for a Friday night:-

Why would the insiders pay for your shares - why not issue more and more options, get a majority and delist it. No one stands in their way.

What does Bermudan law do to protect you ?

[phillis] 05/10/2018 15:50

indeed Rose
but you would need to be sure that the current mining licence does not contain a change of control clause