Griffin Mining Share Discussion Threads

[zooman] 17/5/2024 18:46

Alan, meant to also add that GGP was also on the top riser list today which may bring more attention. . Zoo

[zooman] 17/5/2024 18:40

Alan, next week could be interesting for GGP and here with gold. .Interesting to read that China appears to be cooling towards Russia. Maybe because they realise the likes of The United States, Hong Kong, Japan Korea and Vietnam may not be too keen on the relationship. .Zoo

[rose_by_another_name] 17/5/2024 18:05

"Pull down Covid-era signs, scientists tell Government"

"Pandemic professors call for a national campaign to rid
Britain of warnings that tell people to socially distance
and wear masks"

"Prof Livermore also suggested that a museum could be put
together, quipping that it could be called the “museum of
Covid futility, failures and – as with vaccine passports –
petty fascism”.

“The signs remind us of the scoundrels and zealots who
imposed such rules on us, causing so much collateral damage
– debt, wasted years and wrecked educations, old folks who
died alone,” he said."

[alangriffbang] 17/5/2024 17:58

zoo at last I’ve come home to some very good posts by yourself pity rose has to keep ticking himself up it must be low self esteem, my gold shares are up but not to the level they were a couple of weeks ago but it’s very pleasant to see GGP up, I think after reading your posts I’m better off keeping GFM for now ,good luck and thank you

[zooman] 17/5/2024 16:06

I'm sure people have, with gold through the 2400 range again and it holds it may well reflect on the share price which will be pleasing. :-)

[rose_by_another_name] 17/5/2024 15:39

Gold has broken through $2400.

[rose_by_another_name] 17/5/2024 14:40

I guess we have all seen that paragraph more than enough
times now, including reading it in the RNS.

[zooman] 17/5/2024 14:22

I rather liked these two paragraphs from the Chairman's statement.I feel that we will be seeing more buybacks from the company as it reduces shares being held. In preparation for a takeover etc, whatever happens the BoD will be well rewarded for a sterling job and savvy shareholders alike making good money. :-)He say's..Inevitably the question then arises how to deal with the excess cash being generated by operations. It was decided by the directors of the Company not only to continue with the on-market share buy-back scheme operated by the Company's Nominated Advisor, Panmure Gordon, but to also undertake an offer for larger blocks of stock held by institutional shareholders through the Company's joint broker, Berenbergs. As such, well over 10 million shares were acquired and then cancelled by 26th February 2024 at a substantially lower share price than currently quoted. It is expected both methods of buying back the Company's stock will continue in 2024, reducing the Company's shares outstanding and improving the Company's earnings per share. To this end, and although I rarely comment on the Company's share price, it has been pleasing to see the market finally seemingly begin to understand the inherent value of the Company and even perhaps the parlous state of the world mining environment... In that vein, I believe it appropriate to mention the very recent indicative proposal announcement by BHP in relation to Anglo-American, an attempt by BHP to acquire scarce copper assets. Although this may be a surprise to the market, it is a logical progression of the failure of the capital markets to support the mining industry, and in particular the junior miners, who overwhelmingly discover the orebodies needed to supply the world with the raw products needed for human existence. We have just begun to feel the effects of having rare resources and its expression in rising commodity prices. As Mark Burton at Bloomberg wrote recently, "A successful takeover would make BHP the biggest copper producer with about 10% of the market, but it won't make any difference toward meeting the world's supply needs. Production from existing mines is set to fall sharply in the coming years, and miners would need to spend more than $150 billion between 2025 and 2032 in order to fulfill the industry's supply needs, according to CRU Group......One key challenge is that new mines take years and often decades to build, 'There is a clear and compelling need for additional mine capacity to be brought online,' said William Tankard, principal analyst for base metals at CRU. 'The gauntlet is being laid down at the feet of the miners, and it's going to be exceptionally challenging to deliver." 

[rose_by_another_name] 17/5/2024 13:19

It's under Current Assets, Ringo:

Cash and cash equivalents 60,007

[phillis] 17/5/2024 09:34

Can’t see for looking

[ringostar] 17/5/2024 09:11

No I couldn't see the cash balance either.Do you think that he was hinting at something: In that vein, I believe it appropriate to mention the very recent indicative proposal announcement by BHP in relation to Anglo-American, an attempt by BHP to acquire scarce copper assets. Although this may be a surprise to the market, it is a logical progression of the failure of the capital markets to support the mining industry, and in particular the junior miners, who overwhelmingly discover the orebodies needed to supply the world with the raw products needed for human existence. We have just begun to feel the effects of having rare resources and its expression in rising commodity prices. As Mark Burton at Bloomberg wrote recently, "A successful takeover would make BHP the biggest copper producer with about 10% of the market, but it won't make any difference toward meeting the world's supply needs. Production from existing mines is set to fall sharply in the coming years, and miners would need to spend more than $150 billion between 2025 and 2032 in order to fulfill the industry's supply needs, according to CRU Group......One key challenge is that new mines take years and often decades to build, 'There is a clear and compelling need for additional mine capacity to be brought online,' said William Tankard, principal analyst for base metals at CRU. 'The gauntlet is being laid down at the feet of the miners, and it's going to be exceptionally challenging to deliver."

[alangriffbang] 17/5/2024 08:53

zoo good morning lovely swim it’s just like summer ,Perseus was down a bit along with zinc ,a few shreds up this morning which is positive and GFM is steady , I won’t be home till lunchtime so can’t do any buying or selling until then ,have a good day ,

[phillis] 17/5/2024 08:30

MR B
“ when will I see you again?”

[up just a little bit] 16/5/2024 23:49

Well done "The A". Good show.

[zooman] 16/5/2024 22:18

Well-done "THE" you've sold out, made a profit eh? Well done you old man. So you will be off to another BB now I take it? Given you said on GGP you had no holding so no need to post, I take it the same applies here?.Good luck and farewell, may your journey be free of Zooman Alan and others. Enjoy copious amounts of marmalade. Hahaha

[phillis] 16/5/2024 21:01

Below the waistline preferably
!

[theapiarist] 16/5/2024 20:08

Wow! That would hole Zoo below the waterline.👍

A fitting way to bow out.

[rose_by_another_name] 16/5/2024 19:54

I even got to fire a shoulder mounted rocket launcher
a few times. Just like Elvis Presley-

[alangriffbang] 16/5/2024 19:53

the a well done it will be much better on here when your gone ,yippee,

[sageman] 16/5/2024 19:45

Well done Mr Bee. I guess we won’t be seeing you anymore. Good luck and adieu.

[theapiarist] 16/5/2024 19:33

Yes, Sage. All gone. Took 22 trades with an average of 152p.

I'm happy with that and shan't have any regrets should the price rise from here. I can't imagine any circumstance under which I'll buy back. Griffin and China are now out of my system and I've moved on, mentally and practically.

Good luck to you and all other GFM holders and I hope you get that £3.00, ahem!

[sageman] 16/5/2024 18:05

Mr Bee are you fully sold? If so well done on a tidy profit. I still have 158,000 shares dreaming of the £3.00 buyout and dividends. The current liquidity and share price is most welcome.

[theapiarist] 16/5/2024 17:41

Nothing as exciting as that for me, Rose. A more modest .22 on the small bore range. We did, on occasion, travel out to the full bore range to loose-off our WW1 .303 Lee Enfields.

[up just a little bit] 16/5/2024 15:59

He's highly charged at the moment, I think he may blow.

[phillis] 16/5/2024 15:49

The plant is fully utilised
Why is Zone 2 being developed if no more milling is to be bought
Why more drilling?

Higher grades somewhere can be the only reason

I see you have been having fun chaps with the educationally subnormal