Griffin Mining Share Discussion Threads

[zooman] 22/2/2019 14:22

Rose why not ask GFM if it could be a consider?ed a possibility in the future. Funny how you have this thing about dividends you sound desperate, is there anything you would like to share?Zoo

[zooman] 22/2/2019 14:18

Time will tell Phillis if they dont import they still have a requirment by taking it back in house to fill the falling but required need it also works towards their employment issues. RE the sarcasm save it for your mate, like I've said before the dates you both appeared raises a question. As for your first point. No thank you I'd rather not. ;-)))Zoo

[rose_by_another_name] 22/2/2019 13:51

"could explain the reluctance of providing a dividend."

No it couldn't. The Chinese mining company and Griffin
are separate companies. Griffin owns most of the mine,
but the Chinese would not buy Griffin, a Bermudan company
with shares listed in London. They would buy Griffin's
interest in Hebei Hua' Ao Mining Industry Company Ltd.,
the Chinese mining company that owns the mine. Griffin's
88.8% interest in the mine is actually held by a wholly
owned company called China Zinc Pty Ltd registered in
Australia.

You are the only person I have read talking about a Chinese
buyout. Where is your evidence of this even as a possibility?
It doesn't make any sense, especially given the fact that the
Chinese sold most of their existing interest in the mine to
Griffin not long ago. If they did buy the mine from Griffin,
there would be a huge pile of cash to distribute to the
shareholders, although Griffin's BOD would probably try to hold
on to it to corner the world's lignite market or the like.

[zooman] 22/2/2019 13:08

Phillis, in 2015 China was the largest coal producer but reduced production due to the price of coal. Given what is happening here in the UK with companies pulling out albeit Honda have said very little about the tariff deal they are doing with the EU' I'm not surprised that China is doing the same, bringing things closer to home etc. Depending on how you look at it there's a chance this could be good for Griffin regarding a future buyout and could explain the reluctance of providing a dividend.Zoo

[phillis] 22/2/2019 11:59

Geopolitics

[zooman] 22/2/2019 09:53

You are right Phillis Spitfire Oil is a subsidiary of Hurricane Fuels. I never saw Gold in the title. Also when you look up Salmon Gums  gold is not mentioned. Not saying theres no gold but its not highlighted for gold. I think the gold talk around Spitfire was to boost the share price You just had to see who the key people were, it comes back to Griffins key people. I say were because I traded it in the begining but never made a great deal didn't lose money it was a toe in the water trade nothing more nothing less and not looked at it again.

[phillis] 22/2/2019 09:50

So the ageing memory is not too bad then...

[phillis] 22/2/2019 09:30

Without checking I seem to recall when the lignite idea spectacularly failed they tried to say there was gold potential
But there wasn't!

[zooman] 22/2/2019 09:11

I should have added in great (ref gold) quantities.

[zooman] 22/2/2019 09:02

Spitfire Oil was looking at Lignite which is a low-rank form of brown coal which has properties that allow it to be converted into oil. I'm not sure that geologicaly speaking Lignite and Gold are formed in the same areas. Cant say I remember them saying that about gold though, maybe Rose you could provide us with where you read that?Zoo

[zooman] 21/2/2019 20:14

If you say so Rose.

[podgyted] 21/2/2019 19:43

Can't believe you can even consider talking about CEY and GFM in the same breath.

[zooman] 21/2/2019 19:19

A. Unfortunately if I say anything I will be accused of being disingenuous by the smelly one. Zoo

[alangrifbang] 21/2/2019 18:38

You still haven't said zoo whether you got a reply from RG to your e mail,

[rose_by_another_name] 21/2/2019 17:43

Griffin tried to promote Spitfire
as a gold play.

[phillis] 21/2/2019 17:23

I recall GFM was once a gold play
RG told me once - many many moons ago - that they tried not to produce out of the large gold bearing areas to avoid problems with the " zinc" licence

[zooman] 21/2/2019 17:08

If you say so!Zoo

[rose_by_another_name] 21/2/2019 17:04

You've never won anything. "I don't care" is
a child's surrender.

[zooman] 21/2/2019 16:44

Rose you are right, at last we agree on something. When you've fought certain battles and won. You dont have a care in the world. Some things are bigger than dividends.Life is too short.Zoo

[rose_by_another_name] 21/2/2019 16:26

Your "chill out" ignored.

So now you "don't care" about my view
about your "don't care" view about
dividends. You haven't a care in the
world.

I have been in Centamin for a long time.
Up and down. Looks good again.

[zooman] 21/2/2019 15:37

A. Not s lot. HahaZoo