Griffin Mining Share Discussion Threads

[phillis] 01/4/2019 07:56

PWC took over in September
This is their first year end

[up just a little bit] 01/4/2019 04:06

If they have changed them and it was previously news worthy then you would have thought the same thing would apply now?

[up just a little bit] 01/4/2019 04:04

So who are the "New auditors" the last news release re auditors was in September 18 and it was PWC, however the website section under "company says it's Grant Thornton.

[phillis] 31/3/2019 22:07

New auditors is the official reason of course but I don't buy it
But I am a cynic

[alangrifbang] 31/3/2019 20:32

It's a crying shame but I couldn't agree more,come on Rose welcome our friend back,

[sageman] 31/3/2019 19:24

New auditors is the reason why I am expecting the results to be later than usual. A friend told me that Zooman had returned here and it is the main reason for my return combined with the fact that this is the part of the year when things get interesting at GFM. I know that some here don’t like it but I expect the BOD to remain very tight lipped until the license is secured. This has though been one very long game of Chinese patience.

[phillis] 31/3/2019 18:52

Licence is a bit like practice
As license is like practise

In English grammar one is a noun and the other commonly the verb

We have indeed been promised a reserve update but - as I commented previously this has been on the cards for some time and shouldn't be the reason for any delay
Other reasons?
New auditors of course
Waiting for 3.5 months 2019 performance in order that the Chairman can wax eloquently again about the promising future?
Expecting the 2nd stage is the 47 stage licence approval process on 22 nd April?
Etc etc

[zooman] 31/3/2019 18:26

Hi Sage. Good to hear from you. Oh dear the D word. Not long now and someone will be laughing or crying?!This lack of news is interesting, last speaking to Griffin resources were mentioned also I asked what did the Chairman mean by "watch this space". Zince price is up which is good but also Griffin dont sell at the gate but against an agreed price. Given that around 70% of shares are held by the BoD and large the investers Griffin don't have to overflow the the news? stream. Given the financial year end / new year are around the corner now is the time to keep an eye out. Zoo

[alangrifbang] 31/3/2019 17:58

Hello sage nice to hear from you ,you realise by mentioning a small dividend you will have a friend in Rose again! I am still a bit perturbed that my broker in London still repeatedly makes griffin a sell,hey have heard nothing for so long that they can't even give it a rating,my BANGO shares are moving up nicely ,I think the usa China debate has got more chance of happening than Brexit,keep smiling,

[sageman] 31/3/2019 17:10

Hi Zooman, Cd, MWF and Alan. Good to see some no nonsense posting from Zooman. We remain in news blackout mode and I believe results will be late April this year. In the meantime strong gold and zinc in recent weeks may tip the balance in favour of a small dividend. My understanding is that the low quality ore which led to poor results last time round ( combined with lower commodity prices) will not be repeated.I expect that once the US/China trade war is over sentiment will change here but the big one is the license. Until we get the license expect the BOD to remain tight lipped ( why no JORC for years?)think about it. For me GFM remains a game of strategy and patience with a volatile commodity market thrown in to keep us on our toes. Have been nibbling away buying up shares sub £1. Seems like my predicted low of 80-90p has held. I remain long term very positive on GFM.

[alangrifbang] 30/3/2019 05:57

Bingo! We've hit 3000. No time for a rerate

[vesna09] 28/3/2019 15:58

SHANGHAI ZINC: The most traded May zinc contract on the
Shanghai Futures Exchange rose as much as 2.1 percent
to 22,450 yuan ($3,344.46) a tonne, its highest since March 7,
2018,

[vesna09] 28/3/2019 15:53

GFM 97.15p to sell

[alangrifbang] 28/3/2019 14:47

Zinc up again one more push and it will reach 3000 ,the reason the price drop s nobody knows a thing,

[rose_by_another_name] 28/3/2019 11:14

You have to wonder how the LME is
dissuading people from withdrawing stocks.
It happens every time they get near a
graph division. Stocks were plunging and
then the line leveled out. That will hold
for a bit longer and then it will crash
through and resume the slide. At least,
that's the pattern.

[phillis] 28/3/2019 08:56

Turnbull digging deeper holes for GFM

[zooman] 28/3/2019 07:40

P. Cant help but wonder if they are going to include an update on the licence, will be interesting to watch to see if any of the major holders start to buy more albeit the MMs will need to make a market by dropping the price. There again they could also have arranged to give notice of talks about the company's future at the same time as the results. None of the BOD are getting any younger!Someone posted that the Chinese were building up their stock of zinc? Griffin have to be selling it to someone and they're on the door step.Should be interesting .Zoo

[up just a little bit] 27/3/2019 22:41

GFM need a half decent nomad, the management are far too old and removed from the realities of savy PR to be of any use at all.

[phillis] 27/3/2019 21:58

Indeed Zoo
Not long now

Any delay over expectations would in my view not be a good sign

[millwallfan] 27/3/2019 20:20

Rose. Yes let’s hope so. As zoo says not long now till all will be revealed. Some analysts are quite bullish on gold and silver and surely the current level of zinc stocks must start impacting soon.

[zooman] 27/3/2019 19:28

A. I remember having a conversation with RG and at the time he was rather miffed because they felt there had been leaks. Which is why I think they play things closer to their chest. This was around the time of the dual listing conversations.Anyway not long now.Zoo

[rose_by_another_name] 27/3/2019 18:37

Millwallfan- Yes they did, and it paid off in
the 2017 full year results. What I am pointing
out is upgrades and improvements that took place
after the 2017 results and did not therefore
influence those results but may have an influence
on the 2018 results about to be released. Further
reason for optimism, not old news. OK? I don't
know how to explain it any better.

[phillis] 27/3/2019 18:34

Wonder if the licence costs have been capitalised or written off
Anyone know?

What will the new auditors make of it?