Griffin Mining Share Discussion Threads

[mariopeter] 18/2/2021 12:11

All I saw happening was buy back shares and give to the directors through options. That does matter.

Dont know what the answer is here but not returning money to shareholders IS a problem. The answer may well lie in the surety of the offtake agreements. Chinese aren't exactly gilt edged customers. I know that from Aussie miners. You couldn't borrow on the strength of any assurances there.

To fund long term assets out of short term working capital is the wrong way to develope this out. It slows growth, annoys shareholders and risks leaving working capital short of necessary bloodflow.

Might be better to do a placing for growth and flick off dividends but then planning consent may again be an issue. So perhaps the answer is get consent and then a placing. By the way it would be wrong to do a placing in short term as the share price is a bit flat. That can be flicked up by choosing quality 3g/tonne au feedstock.

All a bit of a waste of time for me though until the problem, as I see it, is addressed.

[up just a little bit] 18/2/2021 12:09

Rose, dealing with those who always buy at the bottom and always sell at the top. No need for a dividend eh!

[rose_by_another_name] 18/2/2021 11:53

Up- It's an argument I have frequently put on
here, but it is not understood by all.

[up just a little bit] 18/2/2021 11:48

And if you want some institutions to invest then you will need a dividend

[zooman] 18/2/2021 11:31

Alan, nice to see the lift is continuing. I also see the dividend debacle has surfaced on the other thread. Personally I would rather take a five ot six bagger and walk than hang on for a dividend. Reason being its a mine in China. But not complaining about the nice ride we are getting. :-))Zoo

[up just a little bit] 18/2/2021 11:18

It's a synical taxation exercise for the board of directors

[rose_by_another_name] 18/2/2021 11:06

Considering the time it took to get the licence
over zone II, I wonder at the inclusion of yet
two more zones in the resource statement.

[phillis] 18/2/2021 10:50

UP
Explain to me why that matters

[mattjos] 18/2/2021 10:47

interesting that we now have DMA buyers on the order book outside of the auction periods … this is clearly now on radar of some bigger players

[up just a little bit] 18/2/2021 10:40

But are they going to cancel the shares they buy back?

[mariopeter] 18/2/2021 10:33

Sure is a big mine. Only taking forever to discover it and exploit it.

[phillis] 18/2/2021 10:20

Force
I suspect we are headed for more buybacks first

[zooman] 18/2/2021 09:57

Not hung over today then Phillis? I see Matt put you on ignore a little while ago. :-))Now go away please.

[forcemode] 18/2/2021 09:50

Need a divi announcement for this to reach anywhere near its full potential....IMO

[alangriffbang] 18/2/2021 09:45

amt good morning to you glad you are doing well, the other thread is for serious posters who don’t know what it is to laugh this thread has improved no end ,I moved my DRX isa to here and for once made a very good decision on the other hand I should have waited for the BGO rise before moving it here but I am now more than happy I’ve made the right decision, I always think of you when I come across SCE but you can’t buy them all, you have a good day and nice to hear from you,

[phillis] 18/2/2021 09:42

Amt
This is the Waitrose thread don’t you know
Promise to keep Alan here please

[return_of_the_apeman] 18/2/2021 09:42

What a fantastic update - Have just added another 6900 shrs

Zinc on a nice rise too

gla

[up just a little bit] 18/2/2021 09:32

No doubt you are a sensible one.

[amt] 18/2/2021 09:29

Yes Zoo, I didn't notice there were 2 threads.
Given the 50% increase in reserves here I am surprised the share price hasn't taken off.

[zooman] 18/2/2021 09:10

AMT, I see that someone is trying to tell you where to post on the other thread. Have to laugh.Todays RNS should push us nearer the 200p mark. :-)The drop where the sensible ones dumped Griffin has worked so well. Out of Griffin into GGP, 2000 percent lift in 2020 then back into Griffin on the lift and it starts giving again, don't you just have to love it. GLAZoo

[mattjos] 18/2/2021 09:07

Over $15Bn JORC Value .... £250m mkt cap. That is plain wrong. Once this news gets out over the coming days and properly digested, I'd be most surprised if these remain valued at under £2 per share ... I suppose the herd will wait for Berrenberg to tell them

[celeritas] 18/2/2021 09:06

The share price is wrong, very wrong. Can anyone imagine what an IPO price would start at. The resource is staggering now and we still have a 1 at the front, madness.

[amt] 18/2/2021 09:03

Thanks Phillis

[amt] 18/2/2021 09:02

Hi Alan
I couldn't resist buying at 1.53p just a small amount.
The 17 billion value of the gold in just one mine tempted me in.
It's good they give an idea of the resource which gives me some idea if the valuation.
GGP could do the same, that would help. I researched it and have no idea what value they put on their gold resource.
Market Cap GFM only 250m vs £13 billon resource

Used some of my Cryptocurrency related gains, share doubled this week and up a further 50% this morning. 8 fold increase since November, ridiculous.
Retained half just for fun.
Hope GFM can be exciting.
I didn't buy back into GGP but chose GFM instead
Bango, Boku, SCE, RUA, TWD, TND, HFD remain my core holdings.
Plus a good chunk in Herald Trust which has done amazingly well over the last 20 years and doubled in the last year.