If you look at the MoneyAM graph for this company you will notice a very nice 45 degree rising channel. Looking very good to me.

i hold griffin stock, i have just nearly doubled on african gold so i've took my profits and bought more griffin after the last couple of days fall. i hope i've called it right...

Seems to be trading above 20p now. velly nice!
Does anyone have any thoughts on some people on Ample mooting about a takeover.
Personally I would be against any takeover of the company (I'm holding out for at least 1 per share), however, selling the working mine and leaving Griffin with the rest of the exploration rights probably would be good. What does anyone else think?

Cynic
I am a newbie to mining stocks but personally i would like them to get into production and as you say maybe sell it and start up another working mine with the proceeds without having to come back to the market for cash as i am sure from the newsflows there will be further discoveries in this province.

Placing of #8m at 25p has been oversubscribed, according to Times article this morning:

http://www.timesonline.co.uk/article/0,,748-1006673,00.html

"Griffin Mining was pegged at 30p, despite word that it will today announce that Charles Stanley has raised 8 million at 25p to fund the construction of its Caijiaying mine in China."

Falling back again. I'm happy if it stays above 20p though (for now). Next bit of good news should lift it back again and perhaps further?
It seems that investors are still being cautious on this stock though, could it be because the company is still registered in Bermuda? Perhaps if they transferred to UK investors would be more confident?

ocean equities to fund griffin mining.http://www.minesite.com/archives/news:

just click on to news storeys.

Griffin Mining Limited was notified yesterday that Merrill Lynch International Investment Fund's World Mining Fund has an aggregate interest in 6,487,805 ordinary shares in the Company representing 4.8% of the ordinary shares in the Company

1. Does anyone understand how they will remit profits from China ??
2. At what price will zinc be sold in China ? would it be the world price ??

I understand the metals will be sold on the LME.

Had a bit of luck this morning (for a change).
I noticed the bid for Oxford Biomedica (OXB) was up at 29.5p and that GFM offer was 29.5p, so I sold my extra 5,400 offer shares in OXB at 29.62p (bought at 17p each flat) and bought 5,000 GFM at 29.49p each, which leaves me with around 100 over after the transaction, which is nice!
Loveley to get another 5,000 shares back in GFM just by trading. When the price gets to dizzy heights I can just sell the 5,000 and keep hold of my 100,000 in order to receive a nice dividend that may become payable at a future date (I like nice round numbers).
N.B. I used to have 6,666 extra shares (at 12p each) in GFM but sold a month ago in order to buy Host Europe (HER).