hanser
16 May 2018
Re: Something brewing ???? My gut feel is that the licence approval could eventually be tied in with an obligation to develop mining facilities at Shitouhulun/Sangongdi. It could be the best of all options for the Chinese - more volume/employment/tax take off the Zone 2 volume hike and investment in new mining operations.Perhaps there's sufficient cash flow to keep all parties happy including shareholders?
millwallfan
16 May 2018
Re: Something brewing ???? Sage - a reasonable theory. as I have said before wider licence means more guaranteed tax income to the chinese authorities, plus more employment with related local benefits. GFM board have already intimated the mine facility is now capable of almost doubling throughout, which will only incur 'marginal' costs and thus a significant increase in the bottom line eps. There was no obvious logic to recent share purchases unless perhaps, just perhaps, the company believe they are VERY cheap at this level. We are only a couple of months away from the interim half year accounts all at zero debt level so IF the licence is awarded within that timescale then we really will be at the level of share price you and I have ' mooted ' since last November. At least my prediction of no dividend with year end results proved correct but if you are correct re licence being imminent then July update should be enlightening on the three key fronts of (1) net profit for first 6 months, (2) revised projections on production volumes and related earnings and margins AND (3) interim dividend and future dividend policy. Interesting times indeed !!!!
Sageman
16 May 2018
Re: Something brewing ???? I have long held the view that in all commercial dealings money talks and whilst GFM were indebted there would be no license. GFM are now a cash cow and able to legitimately pursue the license in a transparent manner that would be in every one's interests for the authorities to agree. (I didn't mention cows!!!). I expect news sooner rather than later but haven't heard anything...
Gailes5
16 May 2018
Re: Something brewing ???? Very strange, up 8p on virtually no volume. It would be even stranger if there is a leak about the permit being granted, such things do not happen with our company, do they?
Turkeyminder
16 May 2018
Something brewing ???? and probably not Bermudan tea........
Small Holding
15 May 2018
Re: AGM At least holding the AGM in Bermuda should keep the catering bill dow, four tea bags and a Kit Kat should cover it
millwallfan
14 May 2018
AGM CD will you bother taking the Bentley out to Bermuda for a bit of sightseeing either side of the AGM ?
millwallfan
10 May 2018
Re: CD is out!? Now now CD I know you did that on purpose you naughty little boy. Go straight to the stool in the corner, put on the dunces cap and face the wall lol
Gailes5
10 May 2018
Re: CD is out!? You haven’t! Quite close so a good attempt.
Chinese Dragon
10 May 2018
Re: CD is out!? MWFDear Headmaster ,Thank you for being so kind & understanding CDPS GFM Seems to be in a transisional period at present timePPS Hope to god I have got transisional correct
millwallfan
08 May 2018
Re: CD is out!? CD. Apologies the headmaster has taken an 8 day cruise to the fjords of Norway so has been incommunicado on purpose. As this was during term time and you have already written your lines I have decided to overlook your poor English and waive your Saturday morning detention. Your school report will however include the usual phrase of ' must try harder' to ensure proper record. Lol
Still learningafterallthistime
08 May 2018
Re: No dividend but... I think they must have been bored..... 25,000 is about £40k. They ought to have something better to do. As the share price has stagnated, it would seem that everyone thinks (a) it is about right (b) it might be cheap but no one has any info to reach that conclusion (or (c) they don't care). I think I'm happy to assume that they think the shares are cheap as they have bought a tiny amount, only they know how we are doing with the licence. It would have been better if they had bought a lot at 60 or 70p if they had some spare cash then. Well spotted though. SL
Nora Bone
08 May 2018
No dividend but... Griffin Mining Ltd ("the Company"
announces that on 4th May 2018 it purchased 25,000 of the Company's own ordinary shares ("Ordinary Shares" at a price of 156p per Ordinary Share.The beginning of something on-going?
Chinese Dragon
30 Apr 2018
Re: CD is out!? amendmentamendment amendment amendmentamendment""" " " Hope thats OK headmast
millwallfan
30 Apr 2018
Re: CD is out!? CD. Third time lucky perhaps lol
