Griffin Mining Share Discussion Threads

[millwallfan] 13/10/2018 15:29

Tony. IMHO if it were to be a management/major shareholder buyout then I do not believe it would ever be taken public again. Another scenario would be a major miner competitor who has closed zinc mines and wants to get back in with a fully operational mine (with expansion potential) rather than recommission old closed mines. In terms of price I think that would depend if there is either strong opposition and/or a bidding war but given the best case scenario of licence approval and commodity price recovery I do not think £1.80 to £2 is impossible. That’s certainly my personal target out point unless a good divi is announced. As always DYOR

[tony6061] 13/10/2018 14:33

Wish you well Alan, and cheers to a future healthy profit. I have been reading other posters hopes for a bonus with a buy out. Personally i have the view of a managed buy out, sooner rather than later, and floated again on the Hong Kong market. Any ideas what price it would fetch in this scenario. Lol.

[alangrifbang] 13/10/2018 13:47

Good for you tony, I am too ,I wasn't lucky enough to sell any higher,I do tend to stick with my portfolio and let it run and run ,

[tony6061] 13/10/2018 13:26

Topped up here 102 pence, mining higher zinc grades, gold price recovering, zinc looking much stronger, maybe trumps fuse running out of steam. Exploration and a mining licence for zone 2 will make this rocket, maybe they learned a lesson , and reward shareholders with divi next time. Im opptimistic

[phillis] 12/10/2018 13:34

according to the FT copper and steel going well in China

Presumably zinc also

[phillis] 11/10/2018 18:54

a bit of sunshine will soon put that right

[neville1940] 11/10/2018 18:12

Hi Phillis
Sorry cannot talk to you as I am up to my neck in water ! Seriously the rain has been incredible but after seeing the rain fall in Florida & Majorca relies how lucky we have been in Marbella area
CD

[phillis] 11/10/2018 16:37

sardines a bit wet yesterday Nev?

[rose_by_another_name] 11/10/2018 09:33

Big drop on the DOW overnight has all
exchanges down generally.

[neville1940] 11/10/2018 09:21

Why the drop in share price today?
CD

[millwallfan] 10/10/2018 12:43

Key paragraph from above link is 'ZINC: The most-traded zinc on the Shanghai Futures Exchange closed 2.3 percent higher at 22,935 yuan ($3,314.35) a tonne, after earlier rising to 23,110 yuan a tonne, its loftiest since June 15. Three-month zinc on the London Metal Exchange was largely unchanged.'

The kit could chart currently shows

which is around $2,220so it would appear that the price in China is currently at a slight premium- hopefully GFM will be able to take advantage and increase second half year profits to offset som of the disappointing H1 figures and thus restore some investor confidence

[rose_by_another_name] 10/10/2018 09:54

Looks like the LME has stopped trying to
maintain stocks above 240,000 tonnes and is
now trying to hold the line at 200,000. I say
"looks like" because I have no idea if they
actually would do such a thing, or can, or how
they would go about it.

[alangrifbang] 10/10/2018 07:39

Good morning,zinc gone past 2700 this morning,hopefully another push!

[rose_by_another_name] 09/10/2018 11:28

At one point, China forbade the export of
zinc. I don't know if that is still in
effect.

[millwallfan] 09/10/2018 09:39

Up. Good find. However, That's only a 20% increase over the next 9 years so just over 2% per annum. Let's hope GFM have a chance to get ahead of the game in the early years. I have never understood why china don't want to 'buy local' to minimise transport costs etc - so please issue the final licence approval asap!

[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.