Griffin Mining Share Discussion Threads

[alangrifbang] 07/3/2019 15:11

Jppp and millwallfan,I have spoken to Roger many many times over the years ,now it's a waste of time ,you don't get anything except he is very friendly and polite,I have just rang my broker in London who still has griffin as a sell,pumping them they say when we know something we can re rate them,they have swung between sell and hold during the past six months,everybody here has a different opinion which is very good ,who is right is anybodies guess,I will continue to hold no matter what,

[zooman] 07/3/2019 15:05

JP. Good post.Zoo

[jppp] 07/3/2019 14:34

Well, I'd like a pink pony! But I ain't going to get one. I get the feeling that the BoD doesn't care about the share price day to day, and doesn't therefore try to ramp it or support it with a divi. That's not that bad, at least you know where you are (in that they tell us something occasionally!) and aren't being ramped. Sure, it means some investors can't or won't invest, OK, you probably knew that already when you buy an AIM miner resident in Bermuda and working in China, in a cyclical industry, with a leasehold interest that is awaiting an increased licence... So a small divi might be window dressing, might pull some investors, it won't drive your return. Surely you are here for capital gains? A few pence divi would be bunce, but not where you'll make your money on this one.
If you want a divi, lobby the board. There isn't much point lobbying this BB, I don't think we have any sway. GLA, still hopeful for a good capital gain. No idea when. Would a small divi one day mean an eventual higher price, who knows, not if there is a takeover, maybe if it becomes a boring predictable miner. If you want that buy that, and wait until Grffin becomes that if that is what you are after. Berkshire H doesn't pay a divi, but seems to do ok. Not trying to cause offence, just not here for the divi. All views welcome, sending them to the board might be more successful. I like reading people's insights here, that is what I log in for.
JPP

[rose_by_another_name] 07/3/2019 14:13

Actually, Zoom's idea that people who don't
like Griffin's history of not paying out
profits to their investors should not hold
the shares strongly underwrites my contention
that the lack of dividend is holding back the
share price, something he should care about.

There is a large sector of investors that will
not buy into a share with no yield history.
We used to have at least one investment fund
holder, but no longer. With pension funds,
unit trusts and other income investors passing
on the share, the share price languishes, and will not
reach its potential while the policy persists.
Zoom is saying that these investors are correct
in withholding their interest.

[phillis] 07/3/2019 14:11

The l;ast outlook was for " a challenging second half" was it not?

[rose_by_another_name] 07/3/2019 13:35

No, it isn't "just an observation". Your
comment is an attack on my right to express
my views about the company, what I think
they are doing wrong, and what I think they
ought to be doing. Your "impression" is also
incorrect, as I would certainly be happy with
the board changing their policy re: returning
value to shareholders. As a shareholder, I have
other options besides simply getting out of the
share if I don't like the way the company is
being run.

I don't see why someone who has repeatedly
claimed not to care about this issue or any
other finds it necessary to attack me every
time I post on an issue I do care about.

You have no idea about what "type" of person
I am, or anything else for that matter. You
recently upgraded your "don't care" position
to "don't know", which would seem to be more
accurate.

[zooman] 07/3/2019 13:15

Rose, if people are not happy they should move on. I don't recall that its mandatory to hold shares in GFM.I get the impression whatever the BOD were to do you wouldn't? be happy. You're that type of person given the type of comments you make. Are you sure GFM is the type of company that should be invested in?Just an observation!Zoo

[rose_by_another_name] 07/3/2019 13:08

They will say they are reserving the money for
expansion or acquisition, as they have in the
past. But you are right that it would not be
justifiable.

[keepingafloat] 07/3/2019 13:02

We only have about a month to go before facts replace speculation. Given that there has been no profit warning, the one element of the announcement of which I feel confident is that the accounts will show GFM to be cash rich. With circa $40m in the bank, I cannot see how the BoD can justify not paying a dividend.

[rose_by_another_name] 07/3/2019 10:36

Baseless speculation (shouldn't that be
Zooperson, to show sensitivity?) about
greed and taxes. The issue here is
unrealized potential, due to the board
continuing to operate the company as a
startup when it long ago became a mature
profitable operator.

[zooman] 07/3/2019 09:53

And the share price is where it is. A lot higher than lets say 2001. It was never going to be a walk in the park.A lot of people have and are doing well out of this Co especially if they bought years ago and held or have traded along the way.When he price of zince crashed GFMs production / operational costs were slick meaning they could weather the storm.I smell some greed here or is it fear of HMRC if they've not been smart with their investments, I dont know not my problem.Zoo

[phillis] 07/3/2019 09:52

I pretty much agree with Zooman
Made a goodly profit selling down and then building up again in our ISAs and SIPs


We remain however with a BOD and Chairman not fit for purpose
Wonder when he will face the UK shareholders again?

[rose_by_another_name] 07/3/2019 09:11

The graph is showing a two pence rise in the SP, but
it is not showing in my portfolio page.

[rose_by_another_name] 07/3/2019 09:08

Some don't remember when they shut down production
ostensibly because the metal price was not attractive.
Or of course the abortive attempts to buy other mining
companies, prior to overpaying for the Chinese junior
partner's share of the mine, based on a promise not yet
fulfilled for a licence over a new mining resource. And
the useless Spitfire acquisition. But that is part and
parcel of the short-term trader's view. This company
needs to get beyond that sector and draw in real
investors.

[zooman] 07/3/2019 08:53

A. I cant see how traumatic its been really, ok we had the suspension when they had the accident but were cleared. For those that have held from the beginning they're sitting on a good profit and those that have traded also have done well. The company is a business the shareholders helped it get there and have been rewarded with the increase in the share price. In the main its not that bad. The next bonus will be when its sold.IMHOZoo

[alangrifbang] 07/3/2019 08:29

I'm sorry to say I agree with you ,been here since the beginning ,so it's been very traumatic for all of us,I am well ahead with my investment but for some reason I know not what it DOSENT feel like it,nice to hear from you milwallfan ,

[rmjones] 07/3/2019 08:18

I rate the chances of a dividend being announced this year at about 1%. Only my opinion though.

[rose_by_another_name] 07/3/2019 08:12

Good to hear you admit that the pitiful
share buy-backs that some have touted as
returning profits to investors do not rise
to more than a symbolic level.

You also correctly identify the ongoing
problem- a dividend has only been paid
once in the past. This needs to be a
permanent feature of this now mature profit
making company. It is the perception that
profits will never be shared with investors
that is holding the share price back, for
all types of investor.

[zooman] 07/3/2019 08:06

There's only one certainty in life and thats we shall die. As for Chairman of companies, well lets say words can be interpreted in many ways! What was the last thing he hinted at, "Watch This Space" as for returns thats only happened once which was back was in 2007. Faithful dog comes to mind and even then they reach a point.Zoo

[rose_by_another_name] 07/3/2019 07:55

You may count on Chairman Ninkov for upbeat comments,
but I had to go back five years to find the words
"returns for shareholders" in his yearly statement.
He always lauds us for our loyalty and patience, of
course.

[millwallfan] 06/3/2019 22:25

I am amazed that there has not been the usual large ‘dump’ of zinc into world stockpile. the kitco stock charts are now clearly at their lowest ever so even a ‘find’ now will not take us back to the 5 year average of 400k let alone the long term historical levels of around 1 million. Undoubtedly the worldwide concerns of economic fears and this a decline in demand for base metals is having an effect but this is always cyclical and if the USA and China do a deal on tariffs should improve things as well. We are in uncharted territory and IMHO the PoZ cannot be sustained much longer before either a major upturn in price or a very large find to boost world stock. I don’t think anyone here is expecting stellar results for FY 2018 next month but I do hope there will be upbeat comments on recent performance in terms of production volumes and improving prices and related near term optimism. I still personally believe we will see 15-18 cents per share profit and am hopeful of either a small immediate dividend - say 3 cents - or at least a firm commitment of a dividend with the July interims. Not long to wait now till we know the actual outturn and as always the final licence approval is an outstanding question. GLA

[zooman] 05/3/2019 13:36

A. We could blame Brexit. HahaZoo