Griffin Mining Share Discussion Threads

[phillis] 10/10/2020 15:43

Way back when I was a lad this was going to be a gold mine

[alangriffbang] 09/10/2020 18:27

hi there ARP and everybody, haven’t been home long ,when I got to the bank for a ten o clock appointment we were dealt with in two separate rooms ,I gave them two hundred thousand pounds each the same as my will, it was far easier than I imagined, one minute it was in my account and the next minute it was gone ,we were made to wear masks and gloves and the pen I signed with was thrown away, we then had coffee lunch and afternoon tea out, I am so glad that I did it ,there is more I want to give away but I want to take a breather, it’s really ironic I looked at the shares and BEM was up one and a half I have well over three million of these , and it’s looking good ,mind you I need about thirty pence to break even, I had written it off so many times over the years, hope you all had a very good day, and ARP have a lovely holiday next week, enjoy this while you can ,I used to swim in the sea everyday morning until recently but now I am past it’s ,surprising how quickly the switch occurs ,good luck everybody,

[arphillips] 09/10/2020 16:53

A - I presume you've been out celebrating with friends today. Anyway, ALTN has started to recover so I hope you held on.

[arphillips] 09/10/2020 16:05

TA - I only passed the 100 milestone myself earlier this year and am 62 later this month so I need to get cracking over the next few years but am unlikely to get near a full house. I have done the Crianlarich Ben More (it's certainly a big prominent hill) and it's neighbour but there are lots of other options nearby including Ben Lui and Ben Oss. I stayed at Assynt last summer and been to the Isle of Mull a few times without climbing Ben More there. Unfortunately, the weather can be really foul and thwart your best endeavours even in the height of summer.

[theapiarist] 09/10/2020 14:28

MWF Some might say that playing golf is one certain way of ruining a good walk. Having 3 championship courses within 1.5 miles, I couldn't possibly agree, I would be lynched by my golf mad neighbours.

ARP I used to bag Munros but other things get in the way these days.
Years ago I was on a residential field trip to the west coast with some of my students and planned to celebrate my 50th birthday by bagging my 100th Munro. The weather was foul and here I am all these years later still on 99! In fairness I have made up for this by doing a number of long distance walks on the continent.
I assume that, since you're heading for Tyndrum, The Ben Mhor you refer to is at Crianlarich. I'm sure you know that Ben Mhor is gallic for Big Hill and as you can imagine there are a great many of them up here. I've done those at Crianlarich, Assynt, Isle of Mull and Loch Eck (not a Munro).
Best of luck and I hope the weather holds for you.

[arphillips] 09/10/2020 13:27

MWF - A most enjoyable way of keeping fit. 3 rounds a week presumably. I haven't played for many years now but did caddy last year for a friend in a charity game. 19th hole perhaps not quite so popular at the moment.

[millwallfan] 09/10/2020 13:08

ARP. I’m a keen walker. 18 miles a week - but there has to be tees,fairways and greens involved to keep me interested 😂 😂

[arphillips] 09/10/2020 12:32

TA - Yes I'm off to bag a few Munros. Going to Tyndrum and the weather looks reasonable for next week (staying just 5 nights) but I saw a dusting of snow on the Ben More webcam this morning. My tally is 133 and aiming to reach 141 next week which will be at the half way point. I live on the south coast so it's quite a way to go but I do think the mountains/lochs/coastline are pretty special. Are you a keen walker yourself?

[theapiarist] 09/10/2020 12:01

ARP. Are you Munro bagging and if so what's your tally?

[mattjos] 09/10/2020 11:59

Zinc US$ 2,433/t vs US$2,368/t yesterday - China struggling to supply zinc concentrates internally with zinc concentrate imports rising 38% to 2.7mt from January- August.

• Shanghai zinc stocks continue to fall sharply with LME zinc stocks also starting to decline.
• China has been sweating its lead / zinc mines for decades and we suspect declining resources combined with China’s Green Shield policies has accelerated a decline in domestic production.

Lead US$ 1,799/t vs US$1,789/t yesterday – If Chinese zinc mine supply has fallen then domestic lead concentrate production is also likely to be down

• Shanghai lead stocks have fallen off a cliff despite the reduction in car sales through the first half. Rising automotive sales will be causing manufacturers to buy in more lead stock particularly with new vehicle sales rising dramatically in cities in China.

[mattjos] 09/10/2020 11:56

Global stimulus and recovery programs seen drawing metals inventories

Tata Steel reports highest-ever quarterly deliveries

• Tata Steel broke its record for steel deliveries in in Q2 as the company ramped up steelmaking back to a pre-Covid level with all major sites operating at around full capacity.
• Tata delivered 5.05mt in the quarter, up 72% compared to Q1 and 22% YoY.
• Exports were reduced to 24% of the company’s total deliveries, while domestic deliveries were ramped up to 3.86mt a 164% increase vs Q1 and 10% higher YoY.

[zooman] 09/10/2020 10:13

Alan, its a good selfless thing you are doing today.ALBA is an interesting one. Can't be too long before we see the Scallywag update. Zoo

[alangriffbang] 09/10/2020 08:42

Morning everybody, three tiddlers and DRX up this morning ,not bad for a Friday, my Australian miner was down just a tad,I’m very pleased with alba ,off to do my good deeds soon , have a good morning,

[zooman] 08/10/2020 21:26

Alan, what time did you say for us to meet tomorrow? :-))I think what you are doing great and allows people to enjoy it whilst you are there as well.Zoo

[arphillips] 08/10/2020 21:23

A - Sounds like everyone is happy with the move. We certainly don't want another lockdown and at least the seafront won't be as busy in the coming months. I'm off to Scotland next week for one last walking session this year before the winter sets in. It's certainly going to be a long, difficult winter, just hope the stock market doesn't add to the gloom.

It was a bit of a non-event for my shares today. First decent day for GFM for a while and it would be an absolute treat if we had a quarterly update (just wishful thinking).

[alangriffbang] 08/10/2020 20:38

ARP can you imagine that ,I am a thoroughly decent chap but I wouldn’t go that far, this is going to be an experience for me, it was my best investment and my wife and I spent fifty very happy years there, the lockdown was something marvellous for me , I was able to sort everything out ,the people who bought my house wanted all the furniture which helped a great deal, my neighbour in London says they are very nice people and have settled in very well, hope you are well ,I’m not looking forward to the winter , I don’t suppose you will get much walking done, GFM was up a bit today it still doesn’t give me much confidence I’m afraid ,drx seems to have run out of steam ,nice rise with alba today, keep well,

[arphillips] 08/10/2020 19:54

A - Is that right you are meeting Rose, Phillis and Gaile5 at the bank tomorrow! :-)

In all seriousness, it shows you to be thoroughly decent chap who takes pleasure in sharing their good fortune.

[alangriffbang] 08/10/2020 18:24

Hi zoo, I’ve kept this quiet but tomorrow morning I will be meeting three of my closest friends at the bank where my solicitor will be present and I will sign over several hundred thousand pounds from the sale of my London house, having no relatives it was shear stupidity for my close friends to wait until I die before they inherit from me, we have spent the afternoon looking at old photos and there have been a few tears, in my late wife’s share portfolio is one thousand one hunted shares in Astra Zeneca, she was much better than I was at investing ,I bet she is laughing her socks off up there at all the penny shares I have been buying, but it gives me a lot of pleasure, and a lot of laughs ,to all you here with family look after each other don’t land up like me, my needs are so little now and it’s silly to hoard it all, well that’s it everybody ,don’t forget rose and phillis hostilities resume tomorrow, ha ha ha ,

[zooman] 08/10/2020 16:52

Being a Tory hence very much against Labour policies and Brown sold around 400 tons of our gold there is some history behind it. At the time the Central banks were also selling their gold and there was also a change in how Switzerland operated and all at a time when gold was very low. I wonder if the Tories would have followed if the shoe was on the foot? Who knows?Problem we have now, is that if history repeats itself say 2008 and quantitative easing is used in the same manner as then it may well push gold down further as it did before. Then if Trump injects the 1.5t dollars into the American economy again it could push gold down further albeit for a short period of time. The current factor is that the dollar is likely to fall further and this in turn will bring gold back to the afore.With GGP It may effect things there but then NCM are in for the long game. GFM are mainly zinc miners with the addition of gold and silver but without this elusive licence who knows?But the lift today is welcome. :-)ZooZoo

[mattjos] 08/10/2020 15:09

have been adding in dribs and drabs on the pullback, particularly when briefly under 60p

[theapiarist] 08/10/2020 15:02

Rose. Just don't get me started on Gordon Brown!

[rose_by_another_name] 08/10/2020 14:55

Nice little bump to welcome you on the forum,
Apiarist.

[theapiarist] 08/10/2020 14:47

Phillis. You asked a couple of days ago what got me into "Mrs Dale's Diary" by which I assume you mean either this thread or GFM itself.
My answer is going to be a little convoluted I'm afraid. Firstly my interest was not aroused by either zinc or China but Gold.
My interest in Gold goes back to the infamous Gordon Brown days which is another story but one that had a very happy ending, for me at least.
Amongst many of the sources I used for research was a now defunct web site/precious metals conference organiser whose name escapes me (I'm almost as old as Alan so you must forgive the lapse of memory). An interview with Roger Goodwin sparked my interest. He spoke about the ongoing running and development of Zone III and it's potential. However he went on to mention the as yet undeveloped Zone II. Every test bore returned significant concentrations of Gold and so confidant were the company that these would be replicated across the whole of Zone II that they had ceased further tests and were concentrating on the more immediate needs of Zone III. He further ventured the opinion, based upon these results, that Griffin would ultimately become a Gold miner with zinc being a biproduct.
The share price at that time was circa £1.20 which didn't interest me but I kept the company on my radar. As you are aware the price fell to the teens or low twenties and I began to buy and I now hold 300,000 at an average of 28p.
Since then of course the price has risen to £1.60 and back down to where it is now.
You may say I was foolish or greedy for hanging on and indeed you may be right but I have come to believe in running ones profits and the policy has stood me in good stead over the years.
I had other reasons for not selling. I believed the licence narrative with the resulting doubling of output, significantly increased profitability due to the gold in Zone II and the increased rating that would come with both the licence and the new company name Griffin Gold. These points are just as relevant today as they were then - all that is missing is that elusive licence.
Sorry to go on but you did ask!