Griffin Mining Share Discussion Threads

[alangriffbang] 06/11/2020 15:47

Now listen up my stalkers r and p, I’ve just purchased 2287 shares in my isa account in United utilities,I expect you to rubbish them but I’m extremely happy ,they have dropped to a level that I’m happy to pay, I wonder who’s going to be there to check it first LOL

[rose_by_another_name] 06/11/2020 15:45

What, disgusting like when Gore conceded
then retracted? Hilary has been urging Biden
not to concede under any circumstances.

[beany5] 06/11/2020 15:36

So why isn't the price higher? Is it the lack of the prospect of a divi? the poor communication? the belief that all excess funds are reinvested into mine infrastructure and none left for shareholders? the fear of a company solely operating in China, the lack of liquidity? All of these? None of these? Something else?

[zooman] 06/11/2020 15:27

Just checked in on the election it looks like Trump will refuse to concede his attitude for that of a president is disgusting. Now talk of it being taken to the streets. I hope if Biden wins he has Trump exposed for what he is. I also love how the networks have started cutting Trump out when he tell his lies. Its now becoming very embarrassing for America, this is not going to end well. But will good to see a woman as VP. Zoo

[mattjos] 06/11/2020 15:00

67.5p v 70p for 25k either way

[mattjos] 06/11/2020 14:28

current situation with metals is akin to that of PPE earlier in the year.
China hoovered up all the PPE early doors 2020, by the time we realised we were going to need millions of masks, gowns, face shield, gloves etc. all the quality items had gone to China and the price had rocketed. we were left grubbing about for inferior product at inflated prices.
It's going to be exactly the same with metals required in post-COVID infrastructure stimulus. It's China grabbing onto all it possibly can now, ahead of the West, that is propelling the price upwards. Just wait until the West goes shopping for same in 2021. We'll end up paying a huge premium to current prices,
It looks like Biden will win the election (assuming there is no extended legal challenge by Trump) & Biden has made it pretty clear that the USA is going to dramatically invest in infrastructure, green energy, electric vehicles etc. Just as is Europe, Middle East, Africa and the entire rest of the world.
There is going to be a demand squeeze and it's not going to a brief one either. These 'Green' projects are in an effort to try (belatedly) and meet 2025 / 2030 targets. Demand is going to be exceptionally & atypically strong for many years to come

[theapiarist] 06/11/2020 14:14

Matt.

You make a very convincing case for the direction of travel for zinc.

Current Zinc prices have now recovered to Nov 2019 levels but there is still some distance to go before reaching the highs of Feb 2018. Hopefully we'll get there within the next 12 months.

The real winners in the last 12 months are Gold +33% and Silver +51%. These are the drivers that should be propelling the share price northwards IMHO.

[rose_by_another_name] 06/11/2020 14:13

Came back from two mile countryside walk with
dog to see new high for zinc for the year.

[zooman] 06/11/2020 13:52

Gold up and the Dow looking well up as well. It seems they like the Biden lead.1,959.42+14.48+0.74%Zoo

[alangriffbang] 06/11/2020 13:12

rose why don’t you put more effort int being more nasty to me , you are a failed proof reader which doesn’t say a lot for you does it ,whilst you’ve been glued to your wife the computer I have been out in the fresh air ,and have met several friends doing the same, what a boring life you lead perhaps you should mention cancer to gain peoples sympathy, doesn’t work anymore does it, ha ha ha Billy no mates, you and the orange pumpkin make a really nice couple ,if you hadn’t got a mail order bride you would have your freedom, LOL, what a moron,

[phillis] 06/11/2020 12:19

Great efforts Matt
Are you employed by the new broker?

Good stuff anyway

[mattjos] 06/11/2020 11:36

you do not get through that much steel (propelled by $460Bn stimulus) without also sucking up a huge amount of Zinc.
Bright Zinc Plate / Galvanising is most common form of protecting metals against corrosion.
I expect demand to remain robust for several years to come

[mattjos] 06/11/2020 11:33

From share price Angel morning update:

US dollar – set to weaken further now US election is largely done

• Expect the US dollar to weaken due to the growing US deficit, ongoing Coronavirus disruption and likely new longer-run Stimulus.
• Joe Biden is almost certainly the next US President, with the Supreme Court likely to reject Trump’s claims on electoral fraud.
• The Senate equally split but Republicans will likely support sensible proposals from Biden and the Democrats.
• The Senate is important as it can block proposals from Congress which is also split but US politicians tend to pull together when it comes to the economy .
• The Senate votes are not finalised till early January but Biden will need a couple of months to gather his team and finesse new policy proposals .
• COVID-19: Meantime, we are likely to see more individual states locking down over COVID-19 in the US now that the election is out of the way.
• Coronavirus infections are spreading fast in the US and individual Governors will find it easier to take action and Lockdown under Biden.
• Taxes: Biden is likely to raise taxes in the US relatively quickly while pushing for longer-term Stimulus to support the economy
• Income taxes to go to 28% from 21% as a Biden policy with Corporation taxes expected to rise as well.
• If Biden brings in Elizabeth Warren then things will get more radical and taxes could go higher
• Construction machinery sales in North America are down 11% YTD yoy to ~165,000 units in marked contrast to China where machinery sales have risen by 30% YTD yoy to ~270,000 units.
• Chinese Stimulus is, unsurprisingly, faster and more effective and may also highlight better control of the Coronavirus within Chinese provinces.
• China’s recovery is particularly impressive given widespread flooding along much of the 6,300km Yangtze river and its tributaries. A significant proportion of the harvest has been wiped out causing China to buy substantial food stocks overseas.
• China is well drilled in tackling the impact of Viruses from SARS etc…and has accelerated plans allowing over 4,000 construction projects to start with investment of >Rmb3tn (~US$460bn).
• China’s steel producers are working flat out with China now importing record tonnages of iron ore and related alloys such as vanadium for strengthening structural steel.
• Long-term Treasury yields have pulled back on fears that it may become harder for the Democrats to push stimulus policies through the Senate. While we respect financial markets we feel the Senate will not stop on Stimulus for economic recovery.
• Metals: We see longer term weakness in the US with a Biden presidency driven by longer stimulus and the impact of higher US taxes.
• A weaker US dollar is good for higher dollar-denominated prices while we also expect China to continue to strengthen the Renminbi and undermine the dollar as it seeks to persuade central banks and traders to use Renminbi as their reserve and functional currency.

[mattjos] 06/11/2020 11:20

$2,900 looks like next likely area for Zinc price to consolidate in/around

[mattjos] 06/11/2020 11:18

Yes, added an other 20k yesterday Cel. With luck we'll have the thread & the stock to ourselves for rest of this year. I'm quite sure the herd will be here next year

[celeritas] 06/11/2020 10:51

Stock getting tighter again.
Another top up for me.

[phillis] 06/11/2020 10:49

Matt
If China is to snaffle everything what odds do you put on them assuming control of the GFM mine without paying fair value

[celeritas] 06/11/2020 10:41

As the world comes out of this pandemic disaster in 21 government's will start spending to stimulate economies. China is already ahead of the game, as usual.
Nice chart Matt, zinc currently mid $2627.

[rose_by_another_name] 06/11/2020 09:32

I realise, alan, that posting is an effort
for you, with your challenges in spelling and
punctuation, but for me it is a joy in itself.
I don't need any feedback.

[rose_by_another_name] 06/11/2020 09:30

Trump cares for his people, not the communists
and agitators burning down the socialist cities.

[rose_by_another_name] 06/11/2020 09:29

"The people who gave us two years of a Russia
collusion hoax without a shred of valid evidence
are now crying because an election is being
litigated."

- James Woods

[alangriffbang] 06/11/2020 09:22

Rose just noticed your rubbish post on the GGP site , my you really are rattled aren’t you ,ha ha ha ,you post we laugh, ha ha ha ,

[alangriffbang] 06/11/2020 09:18

Rubbish rose as usual,I’m a very happy person and a very lucky person, I’m going to live many more years yet because of my lifestyle, my rant with you each day makes me feel alive, whilst I agree with you that I leave my life now wide open i wouldn’t be you Billy no mates for anything, your totally friendless rose, whichever site on here that you post on people detest you,I secretly think that your very happy with that, now don’t forget I’m always here for you,

[zooman] 06/11/2020 09:13

Alan, with luck we may see a result today. It was a clear indication from Trumps statement if Biden wins he will cause trouble. Just goes to show Trump only cares about himself not America or its people quite shameful really.Zoo

[rose_by_another_name] 06/11/2020 09:08

There you go again. "mail order bride" is your
invention.

Men widowed late in life have a poor chance of
surviving more than three years if they don't
find a new mate. You are over that line and
on borrowed time.