Griffin Mining Share Discussion Threads

[mikesnr1] 16/11/2018 22:15

Alan: I subscribe to the LME (London Metal Exchange - it's free).
Gives you everything you want in metals; Zn,Au,Ag,Pb included of course!

I notice LME Zinc stock is now 125,400 tonnes.

[alangrifbang] 16/11/2018 07:58

Good morning .zinc and gold up quite a lot ,surely this should get griffin moving in the right direction

[alangrifbang] 15/11/2018 14:33

Thank you rose,I can see it,I've managed to look at several sites and none of them agree,it seems he one I mainly look at is up one day and down the next,it feels like griffin at the moment going nowhere

[rose_by_another_name] 15/11/2018 11:55

Alan- I am looking at the 24 hour chart on
this page. Says it is up over four cents on
the pound since last night in New York.

[alangrifbang] 15/11/2018 11:47

It's very difficult rose ,to know exactly what is happenng to the zinc price,the site I am looking at sayes it is now down 45 ,the site you are looking at sayes it's flying,I've no idea who is right or wrong,I've just read an article that sayes America and China talks are going along well,

[rose_by_another_name] 15/11/2018 10:15

POZ soaring, share price flat.

[rose_by_another_name] 14/11/2018 14:23

I think the gains came on the back of a few
large buys rather than any speculation. The
chatter in here certainly has no connection
to movement of the share price Maybe there will be
more buying as we drop back to a pound.

[alangrifbang] 14/11/2018 13:15

We are gradually losing the gains of last week,I guess what everybody speculated is now untrue,as usual nothing from he bod we are all completely in he dark,

[rose_by_another_name] 14/11/2018 08:21

"refine bonds"? Autocorrect strikes again.

Their chart is interesting:

[ewads] 13/11/2018 22:04

Shares in Europe’s biggest zinc smelting company plunged to new lows after
an analyst advised investors to ‘abandon ship’.
Nyrstar, which is listed in Belgium needed an ‘inevitable217;debt restructuring
that would wipe out shareholders, Philip Ngotho of ABN Amro,said.
It’s shares,priced at €5 as recently as August, fell by almost 50% to 63 cents.
Nyrstar operates smelters in Europe, Australia, and the USA and mines in North
America. It has been hit by a fall in the price of zinc, which is used to galvanise
Steel, and fears it will be unable to refine bonds due next year.

[phillis] 13/11/2018 18:50

Getting on with life thanks
Don't believe there is any new info - unless I invent some

[alangrifbang] 13/11/2018 09:11

What's happened to phillis has she gone aground,

[rose_by_another_name] 13/11/2018 08:27

We could do with our own Trump looking out
for the interests of the UK.

[millwallfan] 12/11/2018 22:25

So what does that tell you? There is support and belief. How long before the sellers dry up which with continued buy pressure can only take the share price one way. Fingers crossed

[mikesnr1] 12/11/2018 21:49

Interesting to see almost 350,000 shares bought in the last 6 trades of the day, while Zn sticks at $2572/tonne (for nearly a week). Odd?

[ewads] 12/11/2018 20:18

Something fundamental has changed and I don't know why.
Last time published stocks were generally at at these levels(2007), prices were >$3000/tonne. Price per tonne eventually dovetails with stock levels/demand. This year they seem poles apart.
Anyone any ideas?

[up just a little bit] 12/11/2018 18:23

LME stock 133025

[up just a little bit] 11/11/2018 19:32

Sounds about right.

[millwallfan] 11/11/2018 17:30

Apart from February 2018 zinc stocks are at their lowest level for 5 years circa 135,000 versus peak of one million. Unless one of the irregular sudden stockpile finds emerge soon then surely the zinc price must respond to the simple economic rules of supply and demand. Griffin at 86p was IMHO somewhat oversold against the company fundamentals of being debt free and routinely producing zinc, gold and silver balancing the vagaries of commodity prices. Griffin is profitable at these levels and as has been pointed out before at constant production levels every penny of commodity price increases goes directly to the gross profit line in the accounts. Perhaps the company are themselves stockpiling a proportion of outputs awaiting better prices, selling just enough to cover operating costs - who knows????? The next update will hopefully show both increased production volumes and better grades /recovery rates resulting in a return of market confidence in the company. The licence and/or a small dividend will arouse the interest of institutional investors and hopefully Brexit closure whatever the outcome will see everyone start looking to the future.

[roddiemac2] 09/11/2018 10:45

mariopeter,

VRS are interesting . I was invested in EKT when Neill Ricketts was FD. Interestingly EKT sold their graphene " project/ rights " to Neill for not much money ( about one million pounds , from memory ). I bought a few VRS to keep me interested in the story.---I agree,lots of talk , and not much else to date .

[phillis] 09/11/2018 10:25

the licence (in whatever form) will have expired by then

[rose_by_another_name] 09/11/2018 10:09

Probably take longer to change building regulations
about plating steel than it will take to prove the
concept.

[mariopeter] 09/11/2018 09:54

I do know its at testing phase in London but you have to test durability over periods of time. Sort out Europe then boost graphene in London. Opportunities are endless.

HAYD today demonstrates problems monetising. (AGM and VRS the other 2 cos in London into graphene) Not invested in any just watching as early doors. Lots of chat and not enough selling. Sometimes the second mice get the cheese!

[up just a little bit] 09/11/2018 02:18

Mario, Very astute and the world we know will immeasurably change in the next 5 years. Highlighting this is very current.