Griffin Mining Share Discussion Threads

[up just a little bit] 01/2/2019 12:20

Or is it the dog walking you?

[zooman] 01/2/2019 12:10

I just asked you to give it a rest not to shut up. But as you can see you don't read things correctly.At this point in time there is no dividend. Zinc prices have been low but as it climbs I believe more investors will come on board. It's not all just about a dividend that brings investors in but I think you know that. Just seems to me that you want be last word. SO HAVE IT. NOT THAT IT MEANS MUCH Time to take the dog for a walk, I asked him what did he think of your argument? Response, was Ruff Ruff!Zoo ;-)

[up just a little bit] 01/2/2019 11:59

Well I'd like a dividend and the company has considered it and I would expect them to start paying one in the near term. I agree that some may not invest for dividends and I agree that others do. My personal opinion in this case is that should they pay a regular dividend going forward then this will underpin the share price and attract a new class of investor into the bargain.
Cant go wrong really.


IMHO.

[rose_by_another_name] 01/2/2019 11:57

Incidentally, I also "trade the share".
Probably on a different timeline than you.
I sold some at a big gain back in March, and
bought some back later in an ISA. It is the
only way you can currently make money on
Griffin, but I would like that to change,
mostly because the shares I hold would go
up in value.

Maybe you don't hold any shares. Maybe you
are short and hoping to "trade" on the price
going down.

[rose_by_another_name] 01/2/2019 11:48

So are you. You still haven't told me why
you keep talking against a dividend when
you "don't care" and still haven't said
how the prospect of a share price rise
when a dividend opens the share to many
more buyers will be bad for someone who
only "trades" the share.

Certainly those who have bought or hold
know there has been no dividend for some
time. My argument is that many more would
be buyers if there were a dividend. Do you
have any argument to make against that?

Seems Zooman is the second here to call for
a poster to shut up.

[zooman] 01/2/2019 11:38

Rosie please give it a rest, GFM have only paid it once. When have three large shareholders whom are buying in in the knowledge that there is no dividend as well as others like myself and you have bought knowing there is no dividend.Sorry to say this you are like a person who buys a house next to a church then complains about the bells.There's more to it than just a dividend, the company has grown, removed debt, has plans to expand ie new licence etc and operate in China and have done very well. These form part of the company fundamentals that the large investors look for.I've made my position clear I don't care about a dividend because I trade this share. So please give it a rest you are repeating yourself. Zoo

[rose_by_another_name] 01/2/2019 11:13

Alan- I don't understand "I find they do much
at all".

[rose_by_another_name] 01/2/2019 11:12

Non-sequitur. More companies have "gone to
the wall" while not paying a dividend. Like
I said, cover is important. Griffin can
cover a sensible dividend.

Why do you think a dividend would be bad
for the share price?

[phillis] 01/2/2019 10:57

No reason for the licence to be withheld given the slowdown in china
surely it is better for them to produce locally than import
the delay is because China and Australia are not getting on v well and Malcolm Turnbull himself was involved with GFM in the early days

IMHO

[alangrifbang] 01/2/2019 09:06

Yes I agree with that,it DOSENT worry me about giving a dividend although I'm sure it will come in the end,I have many shares that pay dividends and I find they do much at all,for instance national grid,it's a very good job we all have different opinions ,I am a bit perturbed that we have so few posters,

[zooman] 01/2/2019 08:31

At the end of the day there's only one reason to buy shares and thats to make money. How many companies have gone to the wall whilst still paying a dividend? Only a short period of time until we see some movement. With the price of zinc going up is good.IMHO :-)

[alangrifbang] 01/2/2019 08:19

Morning zinc up to 2719 this surely is good,I read last nights posts ,talk about a merry go round,

[phillis] 01/2/2019 07:49

Glencore realised price for their static zinc output in 2018 $2836 per/t

[rose_by_another_name] 31/1/2019 22:44

Note that Burnchat is the first in this
exchange to call for someone to shut up.

[rose_by_another_name] 31/1/2019 22:03

You have not grasped the point that I have
been making over and over. I am not after a
dividend for the money it will itself bring
me, but for the effect it will have on the
share price. It doesn't matter much exactly
how much the dividend is, but there needs to
be one for Griffin to be of interest to a
very large number of investors, including
institutions, who will not buy shares with
no yield. That includes pension funds.

Until Griffin has a history of paying dividends
the share will remain a speculator's punt, and
not an investment. That should matter even to
those who are buying for a gain. How can it NOT
make the share more attractive?

Your nit-picking about my not having said what
the dividend should be is misdirection. If I
did post a figure you would just pick fault with
that. I cannot understand why you are attacking
the idea at the same time as saying you are "not
bothered". If it is truly "neither here nor there"
to you, what is all your angst about? Of course, I
have explained why even someone who is fixated on
capital gain alone should see how a dividend will
drive a gain, but if you don't see that, and aren't
bothered, then why all the opposition?

[burnchat] 31/1/2019 22:03

OK relax everybody, the voice of reason has arrived. I visited the big smoke today, made a little detour down Jermyn street. I took a little look in the bonze mans hat where lay a little piece of rice paper and on it was written,,, Be patient...

[zooman] 31/1/2019 21:46

Because it's not that I want it to be zero I'm just not bothered. As I've said I trade the share so the dividend is neither here nor there to me.I've traded this share since around 2000 and quite happy with how it's worked. I could have held like CD but that takes faith and given they're based in China is a faith to far.The last dividend was not much to write home about anyway and the institutions are in for the growth. If I want dividends I buy shares that pay them. Rather than banging on about it phone GFM and say you want one but don't know how much it should be. A dividend will not change much with GFM given its based in China and that creates it's own problems. If it was so easy why are companies not falling over themselves to get in there?

[rose_by_another_name] 31/1/2019 21:22

You really are missing the point, and it
seems to be deliberate. Can you tell us
why you want it to be zero?

[zooman] 31/1/2019 21:13

So you want one but you don't know how much.Good night. Hahaha

[rose_by_another_name] 31/1/2019 20:49

I am arguing for there to be one, not
for any particular yield. Start building
a track record. Cover is as important as
the amount. At the moment we have a zero
in the yield column, and it keeps us off
the radar.

[zooman] 31/1/2019 20:36

So what practical size dividend would you like to see then?

[rose_by_another_name] 31/1/2019 20:31

The board cannot do anything about the licence
but wait and hope, nor can they do anything about
the price of zinc. Both of those things have or
will have an influence on the share price,
obviously, but the board can't do anything about
them.

There is another thing that is entirely in the
control of the board, and that is instituting
a dividend. They can do that right away. They
are out of debt and making money, so why not?
Claiming they want to keep the money for when
the licence permits them to expand operations is
a lame excuse. They have already done most of
the work for that, including expanding the
processing plant capacity to twice what they
need for the ore currently being mined.

While I can see reasons that the board might like
to hold onto all the profits (not reasons that I
have any sympathy for) I really do fail to see
why there are shareholders who rail against the
prospect of a dividend. Whenever the subject comes
up, people post vociferously against it, and I can
never see a sensible argument in those posts.

A dividend program, even starting small, will open
Griffin up to the huge population of investors that
won't consider a share with no yield, and that will
cause the share price to rise. Why is any holder
against that?

[alangrifbang] 31/1/2019 20:01

Thank you zooman,

[zooman] 31/1/2019 19:33

My opinion and its my opinion is that the licence will come through in the not too distant future. The results will be around about the usual time with mine revisions.The three large share holders may or may not get together but given 35/40% of shares are held in private hands I can't see it happening. I also feel that a deal with the Chinese could happen with part of the deal being that the management stay in place for a period of time as part of the handover period which could be six to eight months. As such I feel that the ducks are being lined up and this year could be very interesting.This is my opinion, Roger cannot say anything but it the type of questions and the answers that you get can help with a gut feeling.

[zooman] 31/1/2019 19:21

Yes they do. Also the 29/30% holding rule does not apply as the company is registered in Burmuda which is a British Territory and yes they're listed on the UK Stock Market AiM but because they are registered in Burmuda the requirements are slightly different. As for posting RNSs yes they are released via the UK Stock market because that's where they're listed it doesn't mean all UK rules apply. I thought you would have known? that? As for you posts, post what you like but please try to be factual or at least say IMHO so people know where you are coming from.