Griffin Mining Share Discussion Threads

[alangrifbang] 18/1/2019 13:22

Phillis,can you sell some of your stock so that we can buy some!

[wyken] 18/1/2019 13:11

No stock around Phillis?

[buster18] 18/1/2019 12:29

Mwf, I was just thinking the same

[millwallfan] 18/1/2019 12:10

Ello ello ello what's going on here then ?

[burnchat] 17/1/2019 17:31

Clearly Rose isnt aware of the trap doors in the ball mills. Still what he doesn't know won't hurt him.

[rose_by_another_name] 17/1/2019 12:08

The internet is funny about that.
You can do steely or brassy, but
not irony.

[ewads] 17/1/2019 11:34

Surely mwlf was being ironic?

[rose_by_another_name] 17/1/2019 10:52

There is a precious metal extraction
cycle in the mill, maybe just for gold,
but nuggets are not involved. Most of
the metals are recovered from the
concentrate by outside smelters.

[alangrifbang] 16/1/2019 20:24

Let's hope there is plenty of them!

[millwallfan] 16/1/2019 19:16

I always think it amazing that the multi billion business of Lloyds Banking Group can publish its full year accounts ending 31/12 by mid February (19th I think) and it takes GFM till April. But I suppose counting all those tiny gold and silver nuggets and then weighing them takes extra time

[alangrifbang] 16/1/2019 08:42

Looks like MM will grab some of our hard earned gains back today,that's what you get with no news,

[alangrifbang] 16/1/2019 07:58

Morning zinc up this morning but not enough to make any difference,hope there isn't a bloodbath on the market today,

[millwallfan] 15/1/2019 20:24

Burnchat. Lol that the first of your many cryptic posts I have ever actually understood. Well done, very funny.

[burnchat] 15/1/2019 20:17

They need to zinc about it and galvanise a proper solution then gold plate it, but in order to do that they need a proper lead er with a licence to divvy up the spoils...

[millwallfan] 15/1/2019 19:54

Brexit vote lost. What a total fiasco whatever your position. Market turmoil tomorrow I suspect. At least hopefully GFM should not be affected as much as uk companies but I guess will drop on the sympathy vote

[phillis] 15/1/2019 19:19

do you think they Skype each other at agreed times in their respective time zones in order to have their communal laughs

[alangrifbang] 15/1/2019 18:35

Millwallfan,the BOD must be laughing there socks off looking at these posts ,would love to be a fly on the wall,can't see them saying a word,why break a habit of a lifetime,

[zooman] 15/1/2019 17:43

All looking good?

[millwallfan] 15/1/2019 17:03

The inverse relationship continues which goes against the basic laws of economics thus Meaning other factors are in play. Whilst none of us here know anything for certain We can speculate that the three most likely factors are - 1 better than expected y/e out turn - 2 expected licence final approval or - 3 continued stakebuilding based on believe the co is undervalued or towards privatisation. No RNS however on any individual shareholder triggering next tiers.

[phillis] 15/1/2019 13:29

China is slowing quite rapidly
I assume the demand for zinc will reflect this

[keepingafloat] 15/1/2019 13:18

Posts suggesting the recent price rise is attributable to a possible takeover or an imminent licence announcement surprise me. A simple explanation can be obtained by considering what the current price of 102.5p represents. Based on a P/E of 8, this price represents annual earnings of 12.8p. This would mean that H2 profits would need to be $13m compared to $15.3m in H1 and $27.5m in last year’s H2. Even with lower zinc prices, this seems feasible subject to one major proviso i.e. the quality of ore being mined.
Significantly, most H2 profits should flow into a higher cash balance resulting in a year end cash figure of circa $40m, after allowing for H2 capex of $6m in line with H1.(NB. The H1 profit of $15.3m only resulted in a favourable cash flow of $1.5m but this was after paying tax of $12.3m.)
A 4 cents dividend will cost circa $7m and be covered 4.1 times by current year post tax profits. I cannot see any commercial justification in not paying such a dividend.
I suggest 102.5p represents value, excluding the licence.

[rose_by_another_name] 15/1/2019 08:59

Telegraph headline: "Markets rebound after
Beijing unveils tax cuts to tackle slowdown"

I never left, by the way. On every day to look
at charts.

[zooman] 14/1/2019 22:14

Maybe there are conversations with the large shareholders regarding further actions. Things always have a way of getting out in a roundabout way.

[rose_by_another_name] 14/1/2019 20:57

I have nothing to impart about the SP
movement. Saying "gee, that's odd" at this
point would only diminish my mystique.

[alangrifbang] 14/1/2019 20:10

Surely rose you must be puzzled by the rise in the share price,we know the BOD won't say anything they never do,zinc is steady but not rising,so it's got to be something else ,I suppose we are all left here to guess,nice to see you back,whatever you've got to say or not.