Griffin Mining Share Discussion Threads

[phillis] 10/12/2018 22:18

We have finally arrived at Charenton

[burnchat] 10/12/2018 21:13

MW I am not worthy of being named in the same paragraph as ZOOMAN. On a separate note its a shame GFM are back filling the mining waste back into the mine. The earth is about to get a whole lot cooler and when it does food will become an issue. Mines are an excellent place to grow food, it is a resource we should be enhancing not diminishing... Besides although Dwarfs are excellent miners, they are always hungry.

[millwallfan] 10/12/2018 19:38

Hi BC. no not really same outcome as my musings as the increased share value would benefit all of us. In my ‘pie in the sky’ if they could achieve funding at a reasonable cost they may get a significantly larger return. Let’s just hope you or zoo man are proved right

[burnchat] 10/12/2018 19:19

Even the BOD are not that daft. No they will IMHO just use the cash in bank to buy the shares no need to get a third party involved. There are benefits to registering the company inside the Bermuda triangle. Slam dunk what are you going to do. All in my humble opinion you understand... Alternatively if the company buys back the shares and cancels them and they don't sell theirs they get the same result, I think.

[millwallfan] 10/12/2018 18:28

Sage et al. My suggestion of an MBO was one of several possible scenarios. In terms of further rationale and taking into account zoomans comments IF (as a major shareholder(s) here or in any company) you truly truly believed it's value was going to increase by 150% or more within 3 years and you had a decent wedge of your own available to back up your beliefs, would you not at least consider approaching venture capitalists with a detailed business case to invest the requisite funds ( max 40 million) to then wholly own the company , to be able to then do what you wished?? All I am saying is If it were me this would at least be on my options list !!!

[alangrifbang] 10/12/2018 13:34

Good post zooman,I think you have been very lucky getting that info out of Roger,I used to get that sort of information many years ago from him but the last two contacts with him he has said very little,half of me hopes you are right the other half is very disappointed with the price drop,I know sage bought some more at 96p,and I guess he will buy some more today,keep posting its nce to have someone on here with a lot of knowledge,also good point rose,

[rose_by_another_name] 10/12/2018 12:04

In the meantime the share price is tracking the LME
chart rather than the POZ.

[zooman] 10/12/2018 11:56

And the same to you CD. As you know I don't post very often. It may happen it may not time will tell.Take care, Zoo

[zooman] 10/12/2018 11:52

I had nothing to be unhappy about. What will happen will happen. ?

[phillis] 10/12/2018 11:38

Zooman

If the BOD have no idea about the licence why is my opinion relevant
Overall I think the delay is (geo)political rather than bureaucratic

I dont believe the Company will be bought out

Happy?

[zooman] 10/12/2018 11:18

PhillRather than the comments why don't you spell out what you think is going to happen and when?My take is that the two large holders if they consolidated? their shares then the 27% jointly owned 3% more is need before they have to under stock market rules declare their intentions.RG is due to retire in around eighteen months time, or there about.The Chairman is 56/7, does he want to stay in China?The mining licence is being ratified prior to being issued but according to RG when I last spoke to him it's being checked by the Chinese in order to make sure there have not been any deals given the Chinese tent to execute people now for doing that.I think the company will be bought out / take over before the licence is issued for around £2.50 /75 the BOD will cash their shares and be given shares in the new company then the new licence will be granted.Then you have the issue of the Zinc price and Trump and his way of doing business with China having an effect.I think we will hear things in the not too distant future. Then the dividend? Two hopes, Bob Hope and no hope.Zoo

[phillis] 10/12/2018 07:29

Two more only with a bit of luck and common sense

[buywell3] 09/12/2018 23:29

Things look like getting worse with USA // CHINA V any hope of a trade deal

March 1st has been set in stone by Trump or else the China sanctions kick in

A Global Downturn looks set to begin in earnest in 2019

The USA will not be immune BUT Trump is happy that most companies will be forced to employ USA workers and sell more into home USA markets hence they will feel much less pain than the ROW.


Cheap petrol prior to the USA next elections is a BIG deal


USA will ramp up USA shale production next year and going into the election so that USA voters have never bought cheaper fuel in the last 15 years

OPEC cuts won't affect the USA

So it looks like what I am saying is its Trump for many years to come

[burnchat] 09/12/2018 20:46

And just how do you get the measure of a woman... one you wont get a mile and two you wont be walking.

[rose_by_another_name] 08/12/2018 19:58

If you would have the measure of a man, walk a
mile in his shoes. Then who cares? He's a mile
away and you've got his shoes.

[sageman] 08/12/2018 19:48

Hi MWF thanks for taking time to share your thoughts and sorry to hear that your portfolio is struggling. There is much we agree on in terms of future potential value. Where we differ is that normally the way to maximise value is to take a company public as opposed to going private ,although I know that the BOD dislike the hassle that goes with being publicly listed. I always thought that they would get the license, do a new JORC, massively ramp production, move off AIM to the main market and then exit via a recommended takeover ,but who knows?

[alangrifbang] 08/12/2018 18:39

Millwallfan .nice to hear from you,a very interesting read,I'm glad you have a reason to sell down,I'm looking forward to going to the poshest nursing home in the country,good luck to you,

[millwallfan] 08/12/2018 18:17

Sage. The two major shareholders already own nearly 27% of the shares on their own so another 24% would give them a controlling interest. They would need to raise funds of about £40 million to achieve this. There has been history of steady buying although I do accept that this could be for perfectly good reasons of confidence in the long term or even share support. My thoughts on why this might happen are based on whether they believe the best possible case scenario is likely to materialise within say the next 3-5 years I.e. Full production under the extended licence agreement AND a strong recovery in price of zinc. The company have publicly stated they are already in a position to virtually double production post licence and given we have hit £1.60 on current levels and 'medium' zinc prices one could easily speculate a 'top' future valuation well in excess of £3. That obviously has serious risk factors attached but does not take into account any 'value' of the remaining zones which are as yet untouched. I may well be miles,off beam here but it is a possible scenario to be considered. If it did ever come off we are talking serious future payback. Let's all just hope it's your scenario of their just having a mutual interest in maximising shareholder value for us all. As I have said before I am not getting any younger and (until Brexit) was intending to slowly liquidate all of my shares over the next couple of years - wish I had sold griffin at £1-65 as my starter for 10 but my portfolio is currently over £60k down so I must sit on my hands a little longer !!!!

[alangrifbang] 08/12/2018 18:13

Phillis,I've got a good inscription on your gravestone,
WHATS GRANNY UP TO!! And I bet we still won't get the answer! Ha ha ha ,

[sageman] 08/12/2018 17:28

The addition of the III posters should be welcomed given that we have typically all held this shares for years and have much to contribute. We benefitted previously from posters who were actually in China and we learned much about the company culture over time. Additionally many of us have spoken to Roger and attended AGMs. Also and most importantly most of us have actually made serious money on this share. When I go on a bb I am looking to hear views from people who can analyse, understand the company and are making money. Perhaps there is too much jealousy methinks!

[sageman] 08/12/2018 17:15

Hi MWF, I share your view that the BOD intend to maximise value here for themselves and their shareholdings. I have always thought a buyout from either China or the USA could occur. I had always assumed though that all shareholders would benefit from that. I am trying to get my head around why they would take the company private first and whether that would achieve a greater payout either for themselves (or us). Also where they would get the cash from to take it private. Are you able to expand on your logic behind that course of action? Thanks, sage.

[phillis] 08/12/2018 17:03

Broken record
..and it is SO boring

Not another sentence but an additional apposite clause

[alangrifbang] 08/12/2018 16:52

Up just a little bit ,can't you write anymore then one sentence,