Griffin Mining Share Discussion Threads

[zooman] 08/4/2019 18:00

M. There's one thing you didn't get, that being a lifetime of responsibility that goes with child birth. :-)Zoo

[phillis] 08/4/2019 17:11

passing sounds bloody painful
sorry

[millwallfan] 08/4/2019 16:53

I had a kidney stone about 30 years ago whilst still in my 30's - never known such acute pain - feinted in the x ray room when it passed. They said nearest thing a man will experience to childbirth lol

[zooman] 08/4/2019 16:20

I hope you are feeling better?Zoo

[phillis] 08/4/2019 15:26

Rose is buying

[dgellissnr] 08/4/2019 15:18

its new isa allowance day

[millwallfan] 08/4/2019 14:47

Some little mice nibbling away at this. Perhaps the results are going to be a bit better than anticipated by many or......................is it the 'L' word ????

[vesna09] 08/4/2019 07:22

Buy of 65000 GFM shares at 112.00p on Friday

[zooman] 05/4/2019 19:35

CD, I think Bill Gates and Richard Branson dropped out of Uni did they not.Are they poor? I've employed people who've been or not been to uni, both proved to be very good. But it's pure arrogance for someone to make educational snobbery statements. Uni opens doors but there needs to be mental capacity in order to achieve.Just look at Westminster as an example!Zoo

[phillis] 05/4/2019 17:52

I see Tullow showed well today as it went xd
A very welcome return to the dividend list ( then again probably something to do with the oil sector)

Funny effect that

[neville1940] 05/4/2019 15:52

galies5
As I stated I have no intention of joining The ADVFN Abusue Society
CD

[sageman] 05/4/2019 15:34

Rose is correct the capacity is 1.5m tonnes. The debt was incurred as a result of the deal whereby we extended the length of our lease and thereafter upgraded our processing capacity. It took forever to pay off the debt because commodity prices tanked. The mine itself has always been excellent. We await the new license. Then we will drill as fast as we can. Do not be surprised if the BOD use the cash to further upgrade capacity which I believe is why they are currently building cash holdings. I am not expecting debt. I would expect them to sell once they have maxed out capacity and got some strong trading/profit numbers recorded. My timescale is 3-5 years but it depends on the license.

[rose_by_another_name] 05/4/2019 15:00

keepingafloat-

Your point 1- The processing plant has indeed
been upgraded to 1.5 million tonnes in anticipation
of the zone II licence, but actual ore processed
in 2017 was only 968,080 tonnes (and that a record).

Your point 3- the board have a history of delaying
return to investors on the excuse that they are
putting all profits into expansion. They have also
borrowed. As the processing plant clearly has spare
capacity for now, we ought not to have to expand it
precipitously.

[phillis] 05/4/2019 14:56

Trellus buying again?

[zooman] 05/4/2019 14:46

Oh dear it's Friday again! Have a look at RENE I hold but this one is a long term. It may come good it may not.Zoo

[keepingafloat] 05/4/2019 14:36

In an attempt to return the BB to issues pertinent to GFM, I will post comments on the recent Mineral Resource upgrade.
In the BoD’s announcement there is a prominent statement ‘$7.8 billion metal in situ in Zone III’. Being an accountant, I immediately looked for the assumptions on which this was based. Not only were there no assumptions, there was not even any reference to this statement in the released document. Why was the statement included?
My calculations indicate that $7.8bn is probably based on the total recoverable resources at current prices. Is this a sound basis?
Most interesting is the implications of the possible ore being upgraded to 48.7m tonnes. Based on current production capacity of 1.5m tonnes, these are:
1) It would take 32 years to process ore from Zone III, ignoring the current production (how long is the pending licence?);
2) At today’s prices, annual turnover at full capacity would be circa $240m compared to $126m in 2017;
3) Increased capex to increase capacity would seem to be inevitable.

[gailes5] 05/4/2019 11:52

Cd something went wrong and I may send a half baked message. I will start again. From memory you have never posted on either of the boards one message that offered advice or coherent thoughts on the merits of the company. We have heard, many times, about morons, your exotic holidays, your villa in Spain, your Bentley and of course your holding of 600k shares bought at 3.5p costing £30k If you are going to boast make sure you get your “facts” right. Are you sure it wasn’t 60000 bought for your 30 grand?
Further I find it quite extraordinary that someone with such a holding as you claim appears to hold no other shares, at least none that you follow on any BB.
I am not a moron nor are the others you castigate but feel free to add me to you list.

[gailes5] 05/4/2019 11:40

CD You are a legend! I cannot remember one post from you either here or on the IiI Board that offered any advice or coher

[neville1940] 05/4/2019 11:20

Hi MWF
That’s exactly what I have done ‘Not got involved with these Morons”
Kind Regards
CD

[up just a little bit] 05/4/2019 11:19

Totally agree, Filter those who are being devisive.

[rmjones] 05/4/2019 10:03

"PLEASE don’t get drawn into slanging matches with some posters on this board - if u don’t like them put on block."

I second that.