Griffin Mining Share Discussion Threads

[arphillips] 31/10/2019 09:53

Yes, that's right, it's over 7 years since they increased their interest from 60% to 88.8% plus extending ownership to 2037 at a cost of $110m. The mining licence rights were presumed as a given, whereas clearly this should have been tied up at the time, if the directors were savvy.

[phillis] 31/10/2019 09:39

the chinese are in control

[arphillips] 31/10/2019 09:28

Well there's an understatement! About time they were taken over by someone that is in control.

[phillis] 30/10/2019 20:03

They are not in control I am afraid

[alangrifbang] 30/10/2019 17:58

It's about time Roger retired,none of them can be trusted,

[makinbuks] 30/10/2019 16:12

Someone doesn't want it to happen

[alangrifbang] 30/10/2019 16:08

They have never shown us any respect,I'm so happy I sold most of my holding,and phillis must be even happier,

[up just a little bit] 30/10/2019 15:21

That's another year then.

[jppp] 30/10/2019 15:04

And no longer any time frame to work to. Not 40 days, 35 days, just silence. Is it intentional or clueless? At best it shows shareholders no respect. JPPP

[arphillips] 30/10/2019 14:42

Another update delaying issue of licence. What a fiasco. This is going to take longer than Brexit to resolve at this rate!

[phillis] 30/10/2019 13:58

“ far too accustomed”
Indeed

[rose_by_another_name] 30/10/2019 08:47

The licence was supposed to be part of the deal
in which Griffin bought out the Chinese junior
partner years ago, for a price that wasn't really
justified by just the share of the existing mine.

[vesna09] 30/10/2019 07:18

A few buys .15:23 - 28/10 Buy 500 89.95p £449.75
15:00 - 28/10 Buy 1500 88.00p £1,320.00
13:10 - 28/10 Buy 5000 85.00p £4,250.00
13:05 - 28/10 Buy 10000 85.00p £8,500.00
13:01 - 28/10 Sell 24200 82.10p £19,868.20
13:00 - 28/10 Sell 24527 82.00p £20,112.14
13:00 - 28/10 Sell 24527 82.00p £20,112.14
12:38 - 28/10 Buy 5000 84.50p £4,225.00
11:03 - 28/10 Buy 8000 81.68p £6,534.70
08:21 - 28/10 Sell 8000 80.50p £6,440.00
21:22 - 25/10 n/a 342 81.10p £277.36
15:59 - 25/10 Buy 5000 81.10p £4,055.00
15:30 - 25/10 Buy 1721 81.10p £1,395.73
14:38 - 25/10 Buy 1500 81.38p £1,220.70
14:10 - 25/10 n/a 5000 81.00p £4,050.00
14:08 - 25/10 Buy 25000 81.30p £20,325.00

[up just a little bit] 30/10/2019 02:03

There has never been any indication that there is a deal attached. All the given information says unequivocally that it's a granting of a further licence.

[arphillips] 29/10/2019 12:30

Looks like yesterday was a bit of a false dawn but just goes to show what a few buys do to the share price. So if the licence is granted, I'm hopeful of a decent uplift/spike in price.

[makinbuks] 29/10/2019 09:53

will the licence announcement be simply that or will there be a deal attached? Will it vary the terms of the Chinese partner for example?

[alangrifbang] 28/10/2019 13:45

What do you reckon phillis,time to buy ?

[millwallfan] 28/10/2019 12:52

Tick up on expectation of Licence update perhaps

[zooman] 28/10/2019 12:43

And why wouldn't you want to do business in China? You could write a book about this and even throw the odd Mark Twain quotes in for good luck.Zoo

[vesna09] 28/10/2019 06:40

Three are a lot of off-exchange stocks in zinc . Zinc exchange are at their lowest

[alangrifbang] 26/10/2019 14:22

Yes this mirrors my thoughts every time there is an update it's always bad news,I had hoped that they would have been taken over by now, I have reduced my holding from 200000 to 20000 which I am far more comfortable with,I have noticed that zinc is crawling up gradually but it's just like pulling teeth,good luck,

[arphillips] 26/10/2019 12:24

I think Griffin may fall somewhat short of being a reliable company that consistently meets or exceeds its goals!

[rose_by_another_name] 26/10/2019 09:26

From "The 10 Rules That Made Warren Buffett a Billionaire":

7. Dividends are key to long-term growth

Warren Buffett loves stocks that pay dividends. His company, Berkshire Hathaway, gets hundreds of millions of dollars each year from Coca-Cola in the form of dividends.

Dividends come from reliable companies that consistently meet or exceed their goals. Their stocks may not make you a lot of money quickly, but their dividends can put your investing on autopilot.

[alangrifbang] 25/10/2019 10:35

Yes I can see it now,

[millwallfan] 25/10/2019 09:03

Alan - see last sentence - that’s the ‘d’ word reference lol