Griffin Mining Share Discussion Threads

[tygwyg] 12/4/2024 10:20

Don't think the Chinese authorities give a hoot about GFM statements..It's the "at present" bit which particularly intrigues.

[jppp] 12/4/2024 09:50

I suspect the chat can continue well if we all try.

from 80 odd pence, to about £1.30 ain't bad. If it just gold, great. Buybacks have rather missed the obvious buying window!

I wonder if it is a Chinese thing? you have to say you don't have any "inside info" to keep on the right side of Chinese rules?

[alangriffbang] 12/4/2024 09:40

zoo welcome back I’m sure everybody here has missed you !

[zooman] 12/4/2024 09:31

The current share price is riding on the back end of the price of Gold hence the realignment of the share price Unfortunately those invested in SHG will not see the benefit. Just shows how AIM listed companies don't care about shareholders. Gold still govering under 3400..Zoo

[tygwyg] 12/4/2024 09:25

A sentence not usually present in buyback programme statements?."The Company confirms that it does not consider itself to have any inside information at present."

[theapiarist] 12/4/2024 09:10

Can we assume from today's restatement of the buyback scheme, that after 6 weeks of inactivity, they actually intend to start buying back?

[jppp] 11/4/2024 15:38

Good posts. I hadn't realised xinc had got this high. Its hard to feel too optimistic about the world economy and hence raw materials with Israel/Gaza, and Ukraine going on and China struggling, but it does feel as if things are improving.

I'm wondering about RTZ and BHP, both high yields if they pay them. You get paid to wait. it may not be the bottom, but it may be much closer and who ever times the bottom?

The A, the results being backward looking may have the potential to dent the share price, something to consider at some stage. Currently have undeniably good momentum.

[theapiarist] 11/4/2024 12:28

PS

On the subject of metal prices, Copper has risen 17% in 6 months and doesn't look like slackening.

[alangriffbang] 11/4/2024 12:19

JPPP zinc is heading towards 3000 which is also positive ,

[theapiarist] 11/4/2024 12:16

The 2023 Finals should be published in about 4 weeks. When assessing them it would be interesting to make an attempt at extrapolating them to 2024 by comparing the average metal prices received for the 4 quarters 2023 with those received in Q1 2024.

2023 12 month average -> 2024 -> %movement

Zn 1907 -> 2091 -> +9.6%
Au 1871 -> 2026 -> +8.3%
Ag 19.2 -> 20.1 -> +4.7%
Pb 2478 -> 2868 -> +15.7%

Conclusions:-

1. Given Ninkov's oft repeated assertion that the mine is a fixed cost business, provided that metal prices remain/improve, we can conclude that the profit margin will be significantly higher in 2024 than those to be published for 2023.

2. Despite the attention being paid to the recent rise in gold prices, it is Zinc (the greater contributor to profit) that has shown the largest improvement.

3. Given that 2023 was the first year to achieve 1.5 million tonnes, we can expect OK results. Assuming there are no unforeseen events at the mine and metal prices remain static/improve, we can expect 2024 to be markedly better than 2023.

[jppp] 11/4/2024 11:55

Sage, good point on IHT/ AIM for Roger. I'd have thought if there was a whiff of takeover, he'd know and so wouldn't sell? No point trying to guess his motives. I agree China is slightly more acceptable although the big chinese stocks seem to have no friends still. Some are v cheap in my opinion.

the big miners are still struggling from what i see.

enjoying the board again.

GLA JPP

[phillis] 11/4/2024 08:56

Gold yet more gold

[rose_by_another_name] 11/4/2024 08:47

"continuing development of Zone II"

No pressure, then.

[rose_by_another_name] 10/4/2024 18:49

Alan is suffering from pms? I would have thought he was
too old to still be getting that.

[theapiarist] 10/4/2024 18:45

Alan.

It's impossible not to notice the positive correlation between Zoo's absence/you PMing with the increased quality of posting/posters on this board?

Keep it up.

[up just a little bit] 10/4/2024 17:55

Thanks Alan for the heads up. Warning to all the vitriolic posts are coming back at the weekend.

[up just a little bit] 10/4/2024 17:54

Perhaps they will pay a dividend.

[alangriffbang] 10/4/2024 17:54

sage welcome ,my rich friend has no answer to this either he still thinks it will be sold in the end , I think Roger will want to get the best price possible before it happens ,I’m having a good run with gold shares at the moment but am aware that everything can drop overnight ,hope you are well, I don’t post so much now because I’m am getting pms which is far better two of them are a couple of old posters here ,zoo is in france till the weekend ,

[phillis] 10/4/2024 17:48

Sage
We aren’t quite clear about GFM qualification on AIM
Nonetheless less RG now hascash to do what he wants with it ( not all Aim stocks will qualify)
( Just goes to show doesn’t how Directors have no control on the share price )

[sageman] 10/4/2024 17:41

Phillis, this is an Aim stock and therefore already outside Roger’s estate. It is therefore not IHT planning. You can only invest 60k PA so not pension planning and GFM provide him with an excellent income.It follows that Roger may have wanted the money for lifestyle purposes (or help fund deposits, property etc) or just to get some sold whilst there was a buyer for that volume.

[sageman] 10/4/2024 17:37

Some really good GFM posts on the back of a very welcome but unexplained rise in the share price I get the feeling that China is being less demonised but there would seem to be more to this than simple mine and commodity related issues. There has been unsubstantiated buyout talk for years and given Roger’s age it does not surprise me that he sold some shares some months ago. The share price rises daily but volume, whilst above average, is not massive. We have very little tradeable stock with lots in very sticky hands. It is possible that someone is steadily accumulating. I will leave it for others to comment further.

[tygwyg] 10/4/2024 16:04

"tyg, hard to say. It could be higher. GFM certainly seems to be back in the spotlight. Has it been tipped anywhere? Remember when it was the No 1 stock, was that Inv Chron? Or Motley?GLA"The standout for me is how this rise has not been as a result of any spotlight ;-)Limited news, limited coverage, limited volume...

[up just a little bit] 10/4/2024 13:22

Maybe he sold back then as he's like Alan. Not long left.

[phillis] 10/4/2024 12:49

I would guess it was more to do with pension or IHT planning

[farmergeorge] 10/4/2024 12:13

Perhaps he had a large gambling debt to pay off and the Chinese triad required immediate payment. What else can it be!