Griffin Mining Share Discussion Threads

[rose_by_another_name] 14/4/2019 11:05

And it is your right to belittle them, not to mention
name-calling at the leader of the free world, who,
before he entered politics, made billions as an
entrepreneur.

And once more for those who are clearly not
paying attention:

I don't "want" a dividend- I believe that the company
is now at a stage where returning value to shareholders
via a dividend is vital to gaining recognition as a proper
investment. Griffin is not a start-up anymore. With its
record production figures at the end of 2017, and over-
capacity in the processing plant already in place in
anticipation of an upgrade in resources, this company
should be regarded as a cash cow, bringing in many new
investors that are not interested in gambling on the SP
rising through uncontrolled and unforeseeable factors.
Those gamblers will not be hurt by a dividend, but gain
from the share price rise like everyone else. A dividend is the
one metric (yield) that is within the control of the BOD,
unlike the other factors gamblers are crossing their
fingers for.

Furthermore, the long track record of failing to return
profit to shareholders, while rewarding directors well,
on the excuse of wanting to expand in various ways (none
of which has been a notable success) is beginning to
look suspicious. Even gamblers hoping for a boost when
the price of zinc rises or the licence comes through at
long last, ought to be wary.

[zooman] 14/4/2019 09:46

UP. Very true forget dividends its growth as you say thats needed. I'm amazed that people bang on about wanting a dividend when the last one was paid in 2007. They should go elsewhere to companies that do pay them if thats what they want.Mining is a risky business we had the share suspended after the accident then you could have geological issues which can cause problems. Hence the risk factor not only that there's the price of zinc etc, the Chinese and let's not forget the idiot Trump. Hence why my strategy has been to trade it rather than a long term hold. I appreciate others have different views and thats their right. Zoo

[up just a little bit] 14/4/2019 01:13

Sage, STRANGE comments........ Gambling LOL Shares can go up as well as down. Put a gun to your head and count the bullets in the chamber is the reality with GFM.. Dividend or capital growth is all the argument. The growth is screwed unless we get the licence that is a fact for ANY private investor.

[sageman] 13/4/2019 21:25

Some strange comments here about the Sp. I sometimes scratch my head and wonder what the expectations are here. Investor or gambler. We have a share that is hostage to commodity prices. If you bought at the spike in 2007 then not good but if you bought pretty much anytime since except say November 2017 to September 2018 ( last year’s commodity spike) you are sitting on a decent return with much to play for. If you bought in 2015 or 2016 the Sp has circa 3 bagged for you and you has a chance to sell out last year on nearly a 4 bag. This is a producing mine not an exploration play thus the 10 - 20 bagger scenario is unlikely but the risks are lower too. I was told that following the deal we were prohibited from paying a dividend until our overdraft was clear. No one expected commodity prices to tank and leave GFM indebted until last year. It will be interesting to see if they now pay a modest dividend given that they will want a decent cash cushion.

[zooman] 13/4/2019 14:15

A. I think the results will be either the 29/ 30th in order to gey Easter out of the way unless the licence is granted beforehand. RE, Director holdings I think people would be surprised who holds what and don't forget options not vested yet either. As to sell out you wont get a whisper from GFM until its a goer. I suspect theres also? a gents agreement in the background, again we wont know anything about that.IMHOZoo

[alangrifbang] 13/4/2019 13:10

I agree rose we are all kept in the dark far to long,I still worry about giving us news before the results ,I would have preferred it to all come together,not sure whether the results will be announced or whether we will wake up one morning to find it has happened,

[rose_by_another_name] 13/4/2019 12:12

Many of the board of directors don't hold
big stakes in Griffin. They do make good
income though, particularly Ninkov. I don't
see them welcoming a buyout, but I don't know
how much effective resistance they could bring.
There is reason to think Ninkov has a valuable
relationship with the Chinese, so maybe he would
be made an offer to stay on, or maybe his
opposition would be a deal-breaker. A buyout
would certainly go against his constant refrain
of expansion and acquisition.

[zooman] 13/4/2019 11:50

E. If the company sells out there won't be a choice. With only 30% or so of the shares in what I'd call private hands the squeeze will be on to reduce that. Once a company has reached a transitional stage they dont want the small shareholders.IMHOZoo

[ewads] 13/4/2019 09:55

Just looked back in and saw neville (CD) post.
Nothing much changed then. I know it's obvious, but just filter! You can't get the last word on a BB.

If there's a good report/result soon I'll fully sell GFM (after 10 years) and move forward.
GFM just can't deliver.

[zooman] 13/4/2019 09:46

CD, I hope so get the results out of the way get the licence then sell the company.You back in Spain?IMHOZoo

[neville1940] 13/4/2019 09:04

I wonder if GFM performance share price etc etc will ever be discussed on this BB again !

[rose_by_another_name] 13/4/2019 08:54

Licence and zinc price are in the lap of the gods,
or at least the Chinese. The BOD can do nothing
but wait and hope on those. They could, however,
institute a dividend policy at any time, without
waiting on anyone. Yield is the missing metric
for any investor considering this share.

[zooman] 13/4/2019 08:41

A. Totally agree, have to laugh when referred to a refugee from iii when I've been a member here? since 2005 and been on LSE for a number of years as well. I think its ill and needs help.Nice to see zinc is up results should be interesting, still wonder if the licence is all but ready to be announced which will be nice given how long its taken to get here.Zoo

[alangrifbang] 13/4/2019 05:58

Morning,big jump in the price of zinc,up to 3031 ,

[alangrifbang] 12/4/2019 21:32

Sage/zoo ,you are completely wasting your time on her,she will argue and argue and argue,very sad person,fortunately the rest of us get on very well,and for myself that's what counts,

[rose_by_another_name] 12/4/2019 20:29

If only you could.

[zooman] 12/4/2019 20:24

Sage, indeed I think its time to ignore? that you have drawn such a good picture of. A waste of space.Zoo

[rose_by_another_name] 12/4/2019 20:23

I note that none of you, despite your calls
for it, have actually had anything to say about
GFM for many posts, instead joining up to tag-
team me.

I intend to continue posting here, regardless of
those who tell me to shut up and go away. It is a
trivial pastime, but somehow holds my attention.

[sageman] 12/4/2019 20:02

Rose, you bought me into the conversation by waffling on about SageMAN whilst attacking zoo (person). May I tell you that in circa 15 years of reading his posts not one poster has ever called him zoo person. HE IS ZOOMAN. I look forward to reading a single post of yours that shows a decent understanding of anything but in the meantime something on GFM would be useful. Please stop attacking people and talk about GFM.

[rose_by_another_name] 12/4/2019 19:22

Sageperson- Post what you like.

My recent sequence of posts on gender bias in
the use of the "man" suffix was in response
to a direct question by Zooperson, who then
went on to extend the exchange by mis-
characterizing and distorting my replies,
repeatedly. You joined in the "fun". I am
not impressed by your self-proclaimed ex-
pertise on GFM nor do I care about your
opinion of mine. I am happy to have different
views.

Zooperson-

I explained my purpose in modifying my use of
some usernames to incorporate a gender neutral
suffix some time ago, but you only recently
decided to make a big deal about it. It is not
possible for you to hurt me. You keep distorting
and misrepresenting my posts- you call it "pushing
my buttons"- then make out that you are winning
some kind of duel. Keep pushing.

I pointed out that you and sageperson have both
implied that other posters lacked legitimacy by
being "faceless" or otherwise anonymous, implying
that it is sinister and you suspect the use of
multiple accounts by one individual. My survey of
user's profiles was entirely legitimate and open;
anyone can look at them. That is what they are for.
Yes, everyone here is anonymous if they choose to
be. My point is that those who are laying charges of
faceless people with multiple accounts are simply
hypocrites, anonymous themselves and frequently
acting in concert. I am currently being attacked by
three posters. As usual, your claims of indifference
are belied by your inability to let anything drop. I
welcome it. You are unable to post without damaging
your own credibility.