Griffin Mining

GFM is now within 10 days of commencing production and as it has stock piled zinc ore during the mine construction period the company should be in a position to forecast with confidence that it will comfortably beat not only the brokers current forecast but also the later extrapolated projections prepared by me to reflect the prevailing higher zinc price. Those projections were for earnings of 3.33p this year and 12.1p for 2006.
The income will also facilitate a more extensive drilling and exploration programme, not just for more zinc, but also gold so there is scope for a steady and positive news flow after the 15 May production start date and the publication of their results around that time.
The shares have been overlooked by the market as the current price does not reflect the transition from pure exploration company to production/income producing status.

sharesure, you sound as exasperated as a few of us did on the seo thread this time last year. then , just when you give up hope of ever getting a mention , tim freeborn does his fillyaboots full page spread!!!!

No doubt they will jump on-board once the sp doubles......
Strange how many sells their were today considering how close we are to minestart though each to his/her own strategy.......

bosley, I hope that you are right! But hasn't Tim Freeborn left to join Evolution?
dibbles, in my view it'll only double when the brokers do their stuff with giving proper updates to their forecasts. The last ones were based on lower finds, a lower zinc price and lower production target. If they don't produce something soon I reckon there will be plenty of calls at the AGM on the 10th June for them to be replaced by a more pro-active firm with maybe more clout with institutions. My concern is someone making an opportunistic bid for them and getting away with it. I still don't know if the company is aware of who bought the 15% RAB stake. The turnover suggests it is not being/has not been sold in the market.

yes he has , sharesure , and he has taken his tip with him. he is still very bullish on seo.

I've tried getting Shares mag re interested but they just won't play. They don't even factually report news from GFM, it's as if the company doesn't have a quote! Maybe a share tip sheet will pick them up, they need more exposure since they are too cheap on their current fundamentals.

Whats happening with GFM......we have now passed date when production should have started, but not a word....not a RNS from them sating few days delay or anything......im getting worried....if there's problems with component machinery, i wish they would tell us......it's just the silence.........

I am sure we will hear something soon as the chairman said in his statement ' All that remains now is for the market to understand and value the unique project and position Griffin has in China. We await the day.'

I think that day will be upon us very quickly :-)
Di

I hope you are right....lol

Report & Accounts were in yesterday's mail. No new information other than confirmation that everything is going according to plan. Wet commissioning which is going on at the moment involves putting the stockpiled ore through the system to test and produce their first zinc and gold (what a by-product to have thrown in for nothing!)
The Annual Statement mentioned that a lot more drilling is now going to happen over the next few months; that should produce some good newsflow as I think they are already confident that the existing gold finds will be enhanced by drilling further south in the same area + there is the olanned drilling between the various zones to confirm that they are linked.

all,

Yet another mining junior falling on lack of news, and yet, on paper, this looks like a strong hold/buy IMHO.

I has been waiting to take a position, buy every time I contemplate buying, it drops again!

I can only think the market is awaiting confirmation of full production before re-rating this stock.

At this price, it looks like a buy to me.

It has really strong support near 30p it bounces right off it towards 35p, im trying to time this one as well but, its a great long term buy IMO

1.1m Broker buy should kick this off to a good start on thursday. It cannot stay so overlooked for long

Andy
What are you waiting for then! Buy!

http://Griffin Mining

http://Griffin Mining ">

Tried to paste British bulls buy recomendation.

Aldwickk, that link didn't work; what did they reckon on timescale and value?

British bulls are chart based, only for short term traders.

Is this finally a good time to buy? Well, it depends. First check what happened at after hours trading and future values. Then, follow the next session very carefully and be on your toes. This candlestick pattern is a bullish one, but we have to see whether it will be confirmed or not.

Do you see a gap-up at the market open? Do you see a white candlestick forming with a higher close at the session's end? Shortly, is it a nice bullish day? If so, place your buy orders and open new long positions. The market is now on the bull side.

But, be careful, also. If you see a gap-down when the market opens, or if the session closes with a bearish sentiment producing a black candlestick characterized by a lower close, do not challenge the market. Ignore the BUY-IF alert. Cancel the buy orders and cover any new long positions that you might have opened. Bears are still in control.

[MOTTO OF THE DAY]
Buy only if the bulls are in charge
Forget about it if the bears surge

Thanks for the Bullshare piece. Shares magazine still did not report this company in spite of their results being issued before press date. Suspect they cannot ignore them next week and if their conclusions on Zincox are to be believed and they comment in a concistent way then they are certain to rate this a strong Buy at the current level. Anyone going to the AGM on 10 June in London? Might be well worth it.