Griffin Mining Share Discussion Threads

[alangriffbang] 26/10/2020 13:43

Hi there zoo,I’ve just bought just over 5100 shares in GLAXO I’ve added it to my late wives shares, and they will be tucked away, I also bought Thor Mining and bought more GUN, earlier this morning haven’t gone mad but can always top up again ,GGP is doing really well, sve is lagging behind again and I’m so pleased I didn’t buy prim inv, the price is awful, hope your having a good day ,

[alangriffbang] 26/10/2020 09:17

have a good day zoo I will also be out quite a bit as well,

[zooman] 26/10/2020 08:41

Alan, a bit mixed GGP and EEE are up which is good for me. Looking for United Utilities to drop this week as looking to buy more.Off out for the day but shall look in to see how GGP is doing, I feel Griffin may slip back a bit today but may be wrong.Not surprised by what M said albeit he said the sane prior to emailing GFM but was worth a try nevertheless.Have fun with the kiddies today. :-)Zoo

[alangriffbang] 25/10/2020 21:10

Hi millwallfan I gingerly bought 50000 shares on Friday it’s only because we’ve been promised more updates, I thought the rise in the price on Friday was poor, I’m still on the lookout to buy more shares in other companies, I also want to buy more shares in GLAXO which I think is undervalued, have a very good week,

[millwallfan] 25/10/2020 19:44

Hi guys. As expected no response from GFM to my online company website request for any licence info. However given the trading update and commitment to quarterlies it does make me think that they believe the future looks rosy. The final licence to increase production massively being issued soon would certainly be a game changer with POG and POZ moving in the right direction as well. Fingers crossed but I maintain my belief in the underlying fundamentals of GFM to take us back over the magic £.

[alangriffbang] 24/10/2020 18:48

Phillis I would be a lot happier if you cleared off to the other thread , that would be very good news for all of us,

[phillis] 24/10/2020 17:55

Good win for Pompey away at the Mackems

Should keep the old homophobe happy!

[phillis] 24/10/2020 17:51

Good research
RG will tell you the treatment charge trends if you ask
As I have done many times over the years

[alangriffbang] 24/10/2020 14:51

Hi sage ,I bought another 50000 on Friday ,and I bought 50000 OMI, to be fare sage my broker has been spot on with the price of GFM ,I keep thinking about Amur but I don’t usually like companies in Russia, GGP is still going well and DRX is over £3 now, I’ve still got my late wife’s portfolio which is worth a small fortune she was a very shrewd investor and would laugh her socks off at the shares I am in now, tullow had a resurgence but I’m only interested in selling out of it, I don’t feel it has much of a future, keep smiling,

[mattjos] 24/10/2020 14:48

So, Treatment Charges are falling fast.
Metal Prices are elevated and look set to remain so.
Supply is constrained as a result of Covid in other parts of the world.
Demand is strong in China and likely the rest of the world will similarly experience rising demand as a consequence of long term, govt. funded, infrastructure stimulus programmes.

I suspect there must be quite a push in China just now to try and increase domestic Zinc production & therefore reduce imports. That should assist Griffin's efforts to finally gain the new licence for Zone II and consequently increase production.

[mattjos] 24/10/2020 14:42

As I understand it, Shaanxi Nonferrous Metals is China's largest Zinc refiner.
you can check their prices here:



This is what you'll see for the last 3 years:

[mattjos] 24/10/2020 14:30

Griffin never gives 'chapter & verse' in its results with regards Chinese Zinc Treatment Charges (TC's).

Management constantly remind investors that their job is to focus on optimising the mine production & its operating costs. They cannot control global metals prices or, the costs for refining/Treating the metal concentrates they produce.

They have stated this week:

"As can be deemed from the above production numbers, mining and processing rates in the period have recovered back to pre-Covid levels which, when taken with the higher average metal prices and lower treatment charges, has had a very positive result in terms of the Company's profitability and improved cash flows. The trend seems to be continuing into the fourth quarter."

but, not given any specifics on Chinese TC's

There are obviously other listed Zinc producers & some of those are much, much more forthcoming about TC's.

Here is one such listed company: New Century resources

& in their latest (Sept 2020) Quarterly Results presentation, we can learn a helluva lot about the Zinc market & TC's.

A couple of snips from their very detailed and informative earnings video:





I would urge everyone invested here or considering an investment here, to listen to the entirety of their Sept 2020 Quarterly Result Presentation, here:

[sageman] 24/10/2020 09:54

Hi JPPP. In terms of Amur I have held it for a while. I just feel that 2021 will be when it pops. Lots going on in the background which you can read about but a few bits ..recent deal with Glencore generates cash = less/ no more dilution. The Nickel mine is prime Nickel and it is a massive mine. Lots of drilling results from 2019 about to be included in Russian version of feasibility study. Lots of government support for development in the region. Why is Glencore really interested? Mcap is tiny. DYOR but one of my 3 that I have picked to 10 bag. ( Also Alba and Thor). Changing the subject Tullow was good this week and banks had an uptick from Barclays. It will be interesting to see Lloyd’s results on Thursday and comments re dividends.Also Alan I told you to ignore your useless brokers and buy GFM at 50p so you should be smiling! Remember brokers only do research on companies where they have large caps so that they can then make money trading the shares for clients. In general Aim stocks are not commercially worth their research time , hence why PI’s can made money ( or lose it!). GLA

[zooman] 23/10/2020 21:49

Alan, ''twas a good day, everyone of my shares ended blue which was a nice end to the week.Have a good weekend.Zoo

[alangriffbang] 23/10/2020 21:14

Hi zoo, have been out for most of the day ,I picked up 50000 GFM today at lunchtime then bought 50000 OMI later his afternoon, I really begrudged paying so much as I tipped them at 2p, but it does look good long term, I’m quiet disappointed with the rise in GFM today but we will wait and see, apart from that it wasn’t a bad day, even tullow was up, I gave my friends a good laugh this afternoon they are still convinced they are both gay, I hope phillis upsetting people on the other thread doesn’t mean we’ve got to put up with it on here, just had a nice meal but it landed up in a rush in the end ,we are all going out for Sunday lunch which is so much better, hope you’ve had a good day ,nice to see some other posts on here rather than the other two, have a good evening ,

[zooman] 23/10/2020 15:57

B, would be nice to see but feel it may be Jan before we break the pound. But having said that it could be next week. You never know.

[jppp] 23/10/2020 15:48

Hi Sage, I looked at Amur resources after your rec. Not a lot to find about them. shares have been on a good run. Feels like a complete punt, another hole in the ground with a bunch of crooks standing above it... but that said, probably worth a punt. Do you have anything else on it? I do know the president's brother, but he is not being forthcoming so far!

JPPP

[zooman] 23/10/2020 15:31

The price has held up well and with a bit more news we may see a pound in the near future.Zoo

[theapiarist] 23/10/2020 15:04

Matt. You could probably characterise me as a stale bull but lead me to a field with a cow in season and I can still do the business.

[phillis] 23/10/2020 14:37

Be sure to let everyone know when output of all concentrates exceeds 2017 levels

Oh and PS
I dont think the terms of the current licence allows them to go any deeper - but this probably needs checking with RG