Griffin Mining Share Discussion Threads

[zooman] 15/4/2019 15:22

P. They weren't made via BBs if you want to see scum look at one BBs on GGP.Zoo

[sageman] 15/4/2019 15:17

Hi Alan, my experience is very much akin to that of Zooman. I know that RG is bound by a very tight set of rules regarding confidentiality and the last thing that I would want is to be caught up by insider trading rules. Accordingly I too do not ask specific questions regarding current trading etc. He is though very consistent in his views and I use that to extrapolate. As an example, if you know someone hates share dilution you know that they are unlikely to do a rights issue and that if they did it would be because they were forced in to it. Thus 5 years later if a situation came up involving various choices with one being a rights issue you would know it to be an unlikely choice. You thus would not need to ask the direct question at the time, which may be considered insider trading,whilst in contrast others may ask the direct question and not receive an answer. This is just an example of where I may be able to make an educated guess based on previous conversations and the example has no specific relevance to GFM policy.

[phillis] 15/4/2019 14:56

I do not recall anyone on this BB making threats to RG
Perhaps the scum were from the other place(s)

RG is an awfully nice chap if a bit under the Chairman's thumb

[alangrifbang] 15/4/2019 13:31

I have spoken to RG many times over the years sage/zoo,we used to have very informative conservationist ,but the last half a dozen times I have spoken to him apart from him being very pleasant I learnt nothing ,obviously you both have the knack and I dont,spoke to my broker this morning on another matter and mentioned both griffn and BANGO and was told they are still both a sell,I do pick them don't i,

[sageman] 15/4/2019 12:15

Phillis, for me this is all part of the smokescreen. I spoke to RG at length around the time of "the deal" and he said that they had looked at many opportunities but none were any where near as good as the existing mine. Thus they extended the term of the lease, increased capacity and now await the license. Once they have the license I expect them to drill for all they are worth and if necessary increase capacity.I see a patient strategy in play here. Remember that they got burned with SRO so any opportunity would need to be spectacular to divert them. (IMHO)

[up just a little bit] 15/4/2019 11:20

Phillis, A Border Collie?

[zooman] 15/4/2019 11:15

I have just always traded the share. I've never been able to catch it at the top has been just before or after but good profit nevertheless. When I last spoke to RG I thanked him and the BoD as Griffin enabled me to retire some twelve years early. The fear that I've always had with GFM is that its a mine and we know what happened there its reliant on the price of zinc and its in China. Along with that the trade tariffs that Trump is involved in.Having said all of that I wish all my shares have performed like Griffin.

[phillis] 15/4/2019 10:52

Indeed Rose
The interims made no mention of the decline in grades(other than gold)
Was this:
intentional?
or
naive oversight?

Lets see what happened in the second half and what commentary it receives

BTW
remember also " At the beginning of 2018, Griffin's wholly owned Hong Kong subsidiary, China Zinc Ltd, engaged a corporate development manager to identify potential areas and projects of interest in China."

So what do we have from this 21 months on I wonder

[sageman] 15/4/2019 10:49

Rose, I hear what you say about the BOD but I cut them some slack on the basis that I personally believe that they have a hidden positive agenda. The agenda has needed to remain hidden for far longer than expected due to the license delay. Thus my view is that once the license is granted and our game of Chinese patience is over there will be a number of announcements and an up-scaling of production. I believe that this will all be very positive for the share price but it has been a most trying wait! All IMHO and with the greatest of respect to those who may hold a different view.

[rose_by_another_name] 15/4/2019 10:25

The mine is great. My qualms are about the board.
They performed prodigies in the early days, getting
the mine and processing plant into production, but
more recently some of their moves have been mis-steps.
Simply running the mine well ought to be enough to see
it being very profitable in the current zinc drought.
There would seem to be more upside on the horizon than
downside, but no one expected the poor half-year figures
last time.

[sageman] 15/4/2019 10:24

OK Up thanks for clarifying.

[up just a little bit] 15/4/2019 10:19

Sage, It was a light hearted piece of humour please don't see it as anything else.

[sageman] 15/4/2019 10:00

Up I am not sure why you think this share is a dog? The share price fell from its 2018 peak on commodity price falls. But the commodity price link to the share price is well understood by holders here. Remember that commodity price falls and rises (plus expectations of future moves) are amplified in terms of the share price due to fixed costs.

[up just a little bit] 15/4/2019 09:45

All that effort for £100! They should have 3333 shares in griffin at 3p.

[millwallfan] 15/4/2019 09:40

Forget that UP - first prize is only £100 at crufts lol

[up just a little bit] 15/4/2019 09:36

Some dog has to win crufts

[sageman] 15/4/2019 09:33

Vesna09 GFM is my best share holding ever. I first bought at £1.10 in 2006 (I believe it peaked at £1.25 shortly afterwards) however I did not sell and was left nursing a loss for some time.I have however,traded it mercilessly over the years and done huge amounts of research. My current holding is bought solely from profits. The person , I believe who has done best is CD who bought 600,000 at circa 3p back in the late 90's and has just held them. If you bought in the last decade (Unless you bought between November 2017 and August 2018) you should be making money on GFM. This share is far from the dog some here would have you believe. The point is that the mine itself is 1st class.

[rose_by_another_name] 15/4/2019 08:25

I have sold Griffin at a profit several times,
though never at the peak. It is currently the
only way to make money from the share. At least
I have never lost money on it, but my timing
could be better, both buying and selling.

Currently I am holding a little over half the
number of shares that I had at one point,
having sold for the April tax point the last
two years. Meaning to buy back some for my ISA.

[vesna09] 15/4/2019 07:20

Friday 20th of April 2018 Griffin Mining Limited share price was £1.60 per share.How many guys have made money trading GFM ?

[millwallfan] 14/4/2019 20:58

Zoo thanks - at least we have the info direct. Corruption in China was rife but is now very much taboo and I guess the public savants involved in the licence are being ultra careful. Fingers crossed for an RNS ASAP.

[phillis] 14/4/2019 19:56

When the results come Tedders!

[podgyted] 14/4/2019 18:58

Tried two posts to stimulate discussion of GFM - total and utter fail !!!!!

Enjoy your bickering.

[up just a little bit] 14/4/2019 18:40

What did everyone do on a Sunday in years gone by.
A family day, wash the car, mow the lawn?

Indeed what I would give for the days gone by.

Take a step back. Stop addressing people at the beginning of each post as "idiot"

Try talking about Zinc and the hidden stock piles, the trends and where that would place the company we ARE ALL invested in.

Off to enjoy my roast now. Good day.

[phillis] 14/4/2019 18:36

Poor old Molinari

Such is life
Speaking of which many of the posters here need to get one

I rather like Rose' s sometimes cantankerous posts
I have been reading them for the most part of my retired life

I accept that Zoo doesn't care about dividends, that is his call
But I struggle to identify a meaningful post from the III refugees that shed any light on anything to do with GFM

but I digress
Back to the golf