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.

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.

Surely this sp should not be going down. The company confirms all that they said would happen has or is happening within the timescale and budget. It would be perverse if this company got caught up in any shake-out of exploration companies, particularly since it is a now fully funded producer with the cashflow to carry out any more exploration from its own resources.

Sharesure this is a crazy price for Griffin but it seems to me that it is being pushed up and down for short term traders. I think this is just a buying opportunity and I have just topped up again. Hopefully this will be the last time that Griffin sees this price. Once production starts it should really fly.
Di

Looks like the major ramper on advfn is now deramping under his other guise (tourtured soul) - I'm undecided whether to pull the plug myself - chart looks non too good!

Sod the charts and the derampers...Griffin has been the only miner to my knowledge that has kept its promises todate. Have patience it will not stay below 30p for long. The potential is huge.
Di