Griffin Mining Share Discussion Threads

[phillis] 17/1/2024 20:29

Be careful not to drive in the dark down there you moron

[zooman] 17/1/2024 20:19

Alan, remember playthings, nothing else. .Zoo

[phillis] 17/1/2024 19:39

Mario
Except there does not appear to be an expansion plan
Increasing throughput with an extra ball mill is only a modest expenditure

[theapiarist] 17/1/2024 16:59

And they need to expand if they're to extract value from the resource before the licence runs out.

[rose_by_another_name] 17/1/2024 16:06

Sharp eyes, Ap. Will we see a correction RNS?

[theapiarist] 17/1/2024 16:03

There would seem to be an error in these reported figures.

The column detailing the Q1 results does not tally with those reported earlier in the year.

What seems to have happened is that instead of copying Q1 2023 to this report, someone has copied Q3 2022.

The nett result is that the company are underselling themselves!!

[mariopeter] 17/1/2024 15:39

The directors issue themselves shares and then the Company buys more off the market. The overall number does not change very much but ownership is switching. The directors are successfully paying capital gains tax rates on bonuses too. Fooling nobody!Share buyback is the same as dividends. Not here it ain't. Don't be too surprised if the no borrowing policy leads to a no dividend policy because they don't know how to manage debt. They need millions to expand.

[up just a little bit] 17/1/2024 14:19

Alan has a very unhealthy fixation for Phillis. Very worrying and almost a stalker.

[phillis] 17/1/2024 13:41

Hear hear
Alan’s “friends”; please take note

[theapiarist] 17/1/2024 13:37

Alan.

The space on these BBs is provided by ADVFN, primarily, for the purpose of allowing investors to share ideas, information etc on a particular stock.

For example, Phillis is not "worrying himself silly on the SHA board". If you were capable of reading and understanding, you would realise that he is interacting with fellow holders of SHG to the benefit of the whole community.

By contrast, these BBs are NOT set up as social media sites. If you wish to discuss the minutiae of your daily existence, do it elsewhere. I'm sure that there are sites out there that would happily cater for your need to discuss the state of your eyes, feet, ears etc. There are many sites that might offer advice on your blood sugar and iron levels.

But Alan, this site is not one of them.

[alangriffbang] 17/1/2024 12:42

zoo well said I said the same thing earlier on here ,phillis can’t have very much because he’s been worrying himself silly on the SHA board I’m sure everybody on there would be so happy if he’s sold up and disappeared the same goes on here, and the other trolls just don’t know what they want ,the results are excellent but it hasn’t done much to the share price ,off course this is the norm and in a weeks time it will be back down again ,good luck,

[up just a little bit] 17/1/2024 12:39

The second bully returns.

[phillis] 17/1/2024 12:25

And up he pops like the proberbial bad penny
Visiting relations in Khayelitsha Zoo?

[zooman] 17/1/2024 12:20

All nicely being set up to go private or sold. So, Phillis why don't you phone Roger and do your own dirty work. I'm sure there will be more buy backs soon..As for the posts over the last few days,it clearly shows who or whom the four Trolls are. :-)).Happy days. .Of course there is another option if you don't like what's going on you can sell.

[katsy] 17/1/2024 11:48

So where has 3 years of two different share buy back programs got us.

Total shares excluding those held in treasury

173,927,894 26/2/21
184,625,443 16/1/24

Hmm so we've still been diluted away whilst the directors exchange their free shares for shareholders money. This would be overvalued at 10p

[katsy] 17/1/2024 11:47

So where has 3 years of two different share buy back programs got us.

Total shares excluding those held in treasury

173,927,894 26/2/21
184,625,443 16/1/24

Hmm so we've still been diluted away whilst the directors exchange their free shares for shareholders money.

[mariopeter] 17/1/2024 11:46

Fabulous production. Still could not invest here again.

[up just a little bit] 17/1/2024 10:38

Alan, go to the cafe where they can look after you.

[up just a little bit] 17/1/2024 10:37

His "cash is king" is another stupid failure as his ever expanding SHG holding proves what a twit he is.

[theapiarist] 17/1/2024 10:31

When Zoo says "no" to dividends, Alan says "no" to dividends.
Then Sage says "yes" to dividends,so Alan says "yes" to dividends.

When Zoo says "yes" to buybacks, Alan says "yes" to buybacks.
Then Sage says............ ........I think you can guess the rest.

[up just a little bit] 17/1/2024 10:17

His really really rich friend told him to sell last year.

[theapiarist] 17/1/2024 09:38

Rose, I don't think that it's fair to assume anything from Alan's post.

Other than the obvious.

[theapiarist] 17/1/2024 09:33

A decent set of results. One thing that strikes me straight away is the 508,000 tonnes mined in Q4. An annual rate in excess of 2.0 million tonnes with the licence agreement being for 1.5 million.

Presumably Zone II will come on stream in 2024. Mining 500m closer to the surface raises the probability that quarterly output well in excess of 508,000 per quarter will be achievable but restricted to the 1.5 million annual limit.

The company should be applying for permission to increase production and making plans to increase the above ground processing capacity.

The existing licence would also need to be address in terms of duration.

At the current rate of production the licence will expire long before the known reserves will have been exploited. Given the length of time that these things take in China, the company should be actively seeking an extension to the present arrangement.

[rose_by_another_name] 17/1/2024 09:32

Clearly alan has no skin in the game.