Griffin Mining Share Discussion Threads

[sageman] 29/11/2018 22:57

Phyllis, I find Brexit a colossal bore. However, MWF is 100% correct. GFM does not operate in a bubble and investors here have holdings other than GFM. Investor sentiment and how it impacts on GFM is at least as worthy a topic as how carp the GFM BOD communication strategy is and how it impacts on the Sp. Answer in both cases nowhere near as much as the price of zinc.....but now we are going over old ground!

[alangrifbang] 29/11/2018 14:50

Nice to hear from you Phyllis ,I think the trump China meeting is more Importent than brexit for GFM ,as for brexit I don't think anyone's a winner,right now I am sick of it!would love to know what griffin is actually worth ,I suspect all the posters will come up with a different figure,

[phillis] 29/11/2018 12:51

set up a special thread then?

[millwallfan] 29/11/2018 12:15

Phillis. I accept it is not pure GFM related but Brexit has much wider implications including investor sentiment which will affect AIM and thus potentially Griffin. Yes GFM will hopefully be largely insulated by virtue of the fact it is in China and virtually totally linked to zinc, gold and silver prices and related world demand. I guess the main contributors on this board have diversified investments so was hoping an issue which affects the U.K. economy and investment status would have some wider interest to this BB. regards.

[temmujin] 29/11/2018 12:12

eh guys botswana diamonds £1m market cap now 0.5p... so easy 10 bagger just like ggp was a couple of years ago...take a punt you wont regret

[phillis] 29/11/2018 11:50

Can I suggest we keep Brexit off this thread?
It has not the slightest relevance to GFM

[millwallfan] 29/11/2018 10:58

Yes it certainly is a very complex matrix of issues and sadly I am not sure there is an answer which will satisfy everyone. As always it needs to be a reasonable, balanced compromise somewhere between remain and cliff edge exit. Only time will tell!!

[rose_by_another_name] 29/11/2018 10:00

To me, the problem is that the EU was designed
to be undemocratic from the start, with a
powerless pretend parliament but all the actual
power in the hands of the appointed elite
commissioners, as if Britain were still ruled
by the House of Lords. Inevitably, the rulers,
who only have to please each other and are
unaccountable to the people, will mis-rule. So,
because they think they know better than us, we
get low powered kettles that are meant to save
energy but just take longer to boil (because the
elites don't actually understand science or
engineering but believe what they are told by
environmental activists, who don't either).

[millwallfan] 29/11/2018 09:48

Rose. I have always believed the EU should have just remained a 'common market' and never ever supported the UK losing sterling for the euro. I also totally agree that the EU has gone too far in trying to create a superstate and I think it was some of those 'bridge too far' issues that led to our withdrawal e.g. Immigration without any control and the ultimate power of the ECOJ. on the other hand there is no doubt that the tariff and free movement for goods and services and shared military and security objectives were beneficial to all our economies. I think many people in many countries think along such lines so the EU ( particularly Germany and France) cannot make it easy of us otherwise other countries will want to follow and ,as you say, the dream of a true all powerful superstate collapses.

[alangrifbang] 29/11/2018 09:45

Well that rise lasted a long time up one now down one,going nowhere!

[rose_by_another_name] 29/11/2018 00:21

I agree with the Telegraph- "Mark Carney accused
of 'Project Hysteria' for saying no-deal Brexit
will cause worst financial crisis since war"

"Minimise the impact" means pretend to leave
without actually doing it. We need to take back
our sovereignty, completely, and stand well back
while the undemocratic EU goes down the pan.

[millwallfan] 28/11/2018 22:11

Rose. The governor of the BoE is completely apolitical as is his collective MPC. They have professional and ethical responsibility to report to the nation on how they genuinely assess the data. They were asked to do this by Parliament by the way. Yes - it is a ‘worse case scenario’ for a disorderly Brexit - but if they reported say half the impact just think how they would be slated in the future if it then turns out worse. The referendum decision is to leave and I accept that - but let’s minimise the impact!!

[millwallfan] 28/11/2018 20:51

Don’t know why it sent twice lol

[millwallfan] 28/11/2018 20:49

Hi Sage. Yes some valid balance and hopefully common sense will prevail at the ‘meaningful217; vote. The definitive position on our ability or not to overturn article 50, with or without additional EU conditions will also hopefully also add some focus to the outcome. Even IF we can, I can’t see the EU welcoming us back without some kind of punitive conditions as a message to other members for the future. As I have said before I was only a 51/49 remainder and fully accept the referendum outcome, but strongly hold the view the deal on the table is much preferable to ‘no deal’. Bring back Noel Edmunds lol

[rose_by_another_name] 28/11/2018 20:37

They have fired up project fear again; don't
fall for it. The best outcome is a clean no-deal
exit. Westminster has been a Vichy government for
too long.

That said, it really doen't matter. The EU will
fall to pieces regardless of whether we leave
beforehand or not.

[millwallfan] 28/11/2018 19:42

Hi Sage. Yes some valid balance and hopefully common sense will prevail at the ‘meaningful217; vote. The definitive position on our ability or not to overturn article 50, with or without additional EU conditions will also hopefully also add some focus to the outcome. Even IF we can, I can’t see the EU welcoming us back without some kind of punitive conditions as a message to other members for the future. As I have said before I was only a 51/49 remainder and fully accept the referendum outcome, but strongly hold the view the deal on the table is much preferable to ‘no deal’. Bring back Noel Edmunds lol

[sageman] 28/11/2018 19:19

Hi MWF always good to hear from you. Brexit is a colossal bore but I think that media and infantile positions aside a deal will be done. Which deal? Who knows. Apparently Heath had similar political games and ended up needing a free vote. Lots of time until the 11th. Abstaining is not the same as voting against. Vote could be close. As long as a deal happens negative impact from Europe is mitigated. Will global trade deals mitigate? Who knows. In the real world we need a strong economy to pay for public services etc. The public will not look kindly on any infantile politician who puts in jeopardy NHS funding etc via gambling with the economy.

[rose_by_another_name] 22/11/2018 14:20

Looks like the market has considered the project
value and subtracted the BOD, rendering a share
price increase of half a penny.

[millwallfan] 22/11/2018 09:26

Jones et al. Interesting item especially that he believes zinc must rise very soon whilst being honest that his companies find in Peru is going to take about5 years to get to production. When asked what investors should look for in a zinc company he cited the project and management. We all appreciate there are diverse views on the latter but it is surely very difficult for anyone to talk down the 'project' - a proven producing mine, recently upgraded/refurbished with significant untapped resources operated by a debt free company in the country which probably consumes the greatest amount of the product. I appreciate as investors we are all frustrated but don't forget we are still over £1 and it is really not that long ago we were in the 30,s and 40's. I intend to keep the faith and hold for at least the next year in the hope we move back to recent highs.

[rmjones] 22/11/2018 09:25

....zinc price has a long way to go (upwards) (its a May video however)

hxxps://www.bnnbloomberg.ca/commodities/video/zinc-prices-could-bounce-back~882706