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.

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).