Griffin Mining Share Discussion Threads

[alangriffbang] 23/10/2020 08:05

Rose no but it will be for my friends this afternoon it’s party time , must be the first time both of you are famous, keep it going ,before Biden swoops in, then you will be able to put a sock in it ,ha ha ha

[rose_by_another_name] 23/10/2020 08:03

Four times as much gold produced in the third
quarter as in the first or second.

[phillis] 23/10/2020 07:54

If you annualise Q3 the numbers are no better than 2019 ( consistent with maxed output and similar grades)
What has changed of course are commodity prices/ smelter charges

[phillis] 23/10/2020 07:46

Wow
That’s a rare event - a trading statement and the promise of more to come

New broker impact presumably

[celeritas] 23/10/2020 07:27

Yep, vastly improving, the last qtr will be even stronger. Great update.

[mattjos] 23/10/2020 07:19

Now we have it direct from the company in this morning's trading statement ... let's see if the market continues to be asleep at the wheel here

[mattjos] 22/10/2020 22:17

No problem TheApiarist .... I am positioned heavily in AAZ & have been for the last 5 1/2 years now. This is why i set up a new thread .. in the hope of attracting some sensible debate & to share research. Some of my AAZ dividends are being directed here and I've amassed a good 6-figure holding to date but, firmly intend to remain a buyer over the next 18 months. Not often such a mis-pricing becomes available and so one has to take advantage.I look forward to your posts here as we move ahead into 2021

[theapiarist] 22/10/2020 22:09

Thanks for the article Matt. Interesting reading and I share your optimism in the direction for precious metals.

The majority of my portfolio is invested in the PM sector which I hope will include GFM in due course.

Up till last week my largest single holding was FRES. I sold because it was at the top of a horizontal channel and in anticipation of yesterday's mediocre production report. However the business is sound and I believe it will resume it's upward trajectory after a brief correction when I shall be looking for a suitable reentry point.
Sorry for an off topic post but the FRES site is even more toxic than the other GFM thread!

[zooman] 22/10/2020 19:27

And you think Trump has class? Get a life Rose.

[zooman] 22/10/2020 19:26

Alan, don't worry about R&P they clearly have nothing to do. Looking forward to the bun fight tonight just to see Trump make himself look the idiot again. Zoo

[alangriffbang] 22/10/2020 18:23

Hi zoo, not a good day today but it had to happen, very short of news at the moment, paddygall is fantastic at keeping us up to date with the drilling, OMI looks interesting now it’s down to a sensible price, the Dow is doing nothing it’s waiting for the bun fight tonight, it’s a big switch off, hope you had a good day, I mustn’t mention coffee, ha ha ha ,

[alangriffbang] 22/10/2020 18:16

Rose I see your into bitcoin now I also see that nobodies interested ,just more of the same Billy no mates, can’t wait for tomorrow, ha ha ha

[mattjos] 22/10/2020 17:22

here is the article in more detail:



GS see:

Zinc averaging $2,226 for 2020 & $2,469 for 2021
Gold averaging $1,836 for 2020 & $2,300 for 2021
Silver averaging $22 for 2020 & $30 for 2021

It's not just GS … there are plenty other forecasting a bull market for hard commodities.

no way is GFM going to be trading under £1.50 with those sort of prices next year

[mattjos] 22/10/2020 14:57

I am very bullish Precious Metals and metal commodities. I cannot understand anyone who can conclude differently

I do suggest folk listen to the Grant Williams podcast series "The End Game"

[rose_by_another_name] 22/10/2020 13:52

Coffee! How exciting!

[mattjos] 22/10/2020 13:01

I took the commentary from share price Angel's morning update, verbatim. No time to check the details in the source article and certainly no intention to present anything overly optimistically

[alangriffbang] 22/10/2020 12:53

Ha ha ha well done Punch and Judy keep it going ,what boring lives you lead, six of us for coffee this morning and we had a dam good laugh, they are having a party tomorrow over your posts, hope there’s plenty more to come, lunch now then the chiropodist ,as captain Tom said tomorrow is going to be a very good day, ha ha ha ,saddos!

[theapiarist] 22/10/2020 12:21

Celeritas.

Your figures may well be correct regarding this year's improvement in metal prices and I remain cautiously optimistic for next year.
I haven't read the Goldman report but, if Beany is correct, it paints a different picture to that presented by Matt and that's not helpful.

[celeritas] 22/10/2020 11:56

I think the best metrics to look for are actual metal prices.

Average prices achieved in 2019 were:



· Zinc metal per tonne of $1,471

· Gold metal per ounce of $1,318

· Silver metal per ounce of $13.8

· Lead metal per tonne of $1,575


Vs current Zinc 2566, Gold 1917, Silver 2488 lead 1804. The second half has been particularly strong for all metal prices gfm produces.

Fuel prices are a lot lower along with smelter charges.

[theapiarist] 22/10/2020 11:16

Beany5. Well spotted.

Always a good policy to go back to the original source if possible.

[beany5] 22/10/2020 11:09

It appears to me that you have butchered the forecast. If you complete bullet point 3:-

The bank forecast a return of 28% over a 12-month period on the S&P/Goldman Sachs Commodity Index (GSCI), with a 17.9% return for precious metals, 42.6% for energy, 5.5% for industrial metals and a negative return of 0.8% for agriculture.

it is no so positive for GFM.

No mention of bullet points 2 and 4 although that might be that your source has added these two points as their commentary.

[phillis] 22/10/2020 10:49

Rose

It says a lot about the recipient then

PS he is a well known cheater at golf