Please see S/Tele Share Tips belivies that griffin has had talks with Anglo American & also Ivanho Mines RE: negotations starting @ 50p with management requiring more per share.!!

Suffering profit taking today :>(

I don't like to see a bunny suffering.

So have some carrots.

much thanks Aldwickk!
(munch - munch)
Spaghetti is on the menu in the coffee house if you feel like
a little light lunch :>)

SHARE WHISPER: GRIFFIN MINING (gossips say Canadian firm Ivanhoe could be lining up an approach north of 50p a share

aldwickk

From today's Express:

"GRIFFIN MINING (gossips say Canadian firm Ivanhoe could be lining up an approach north of 50 pence a share)"

Hmmm well that should move the price the right way for a while anyway
even if it's a load of rubbish and comes to nothing!
I wondered why it had regained yesterday's loss so fast! LOL

Well that was brief..is the rumour over now?
LOL - hopefully we can rebound again later!
;>)

A lot of buys being shown as sells.
Can currently buy below mid price @ 36.25p

This is similar to yesterdays trades, as well.
Could buy @ 36.43p yesterday @ 36.5p mid.

We'll have to see how things progress.
:>)

Should end the day at 40p.

Interesting thought - haven't checked stockwatch for a while
so out of touch with current price, is that wistful thinking
or is it going well aldwickk?

Hmm just checked, maybe not today aldwickk but it's still
going along well!

A post from the other side;

Thoughts on Caijiaying project in China...

Politically stable country
Very low security risk
Very low labour costs
Very low tax bands (see accounts)

Zinc/Gold products in demand locally and globally
Improved product prices since feasibility report Sept03
Site preparation begins Oct03
Photographs at GFM website confirm construction progress
Mine commission starts very soon, spring 2005

Project fully financed
Most recent placing Feb04 c9m @ 25p
3-stage incentive for directors 9.5m options priced 30p
$20m cash ending June, $16m for mine
3yr 100% cashflow = incentive for high productivity

Phase I (zone III) planned 200K tonnes ore/annum increasing to 500K
200K ore yields 22K zinc metal + gold for free
500koz Gold in Zone III alone, planned for phase I
Further underground drilling expected to enhance resources

Hebei Hua-Ao (trading subsidiary) is forecasted to be
4th biggest zinc producer in China (based on 22K tonne zinc)

No debts
No forward contracts
Future exploration funds expected from organic growth

Plenty of scope for further exploration success

Gold zones within zone III
Prove up additional gold blocks to be mined (not in original plan)
Proving wider zinc lodes III
Pre-production mining underground (to increase throughput asap)
Surrounding Prospects
Primarily zone V for Gold, Zone II awaits info between II and III
Between Zones III and II
Indications of connecting system
Re-evaluate original license area
Use acquired knowledge (historical data and new targets)
Regional Epithermal gold exploration
For additional separate projects

Announcements due in 2005: expected news from zone II/III drilling and Geo-physical survey over the regional exploration licence area.

"The Company believes that with the commissioning of the first, majority foreign
owned mine in the PRC at Caijiaying, the possibility exists for other world class
projects to be offered to Griffin by various arms of the PRCs local, provincial
and central governments for development, modernisation and operation.

The commissioning of Caijiaying lays the foundation not only for Griffin to become
a profitable mining company, but also gives it the potential to further expand its
influence in the mining sector of the worlds largest mineral producer"

Cheers Dynamite for posting that, good news!
:>)

What's this about:

RAB CAPITAL secretly sells its stake of almost 15 pct in GRIFFIN MINING without formally notifying the company - Sunday Telegraph

Are they allowed to do that?

Griffin are registered in Bermuda according to posts on ADVFN and don't come under UK rules?

I hold but my reservation on Griffin is it's 'one horse' nature i.e. total reliance on one mine - if a major gearbox or bearing goes or there is any other major fault in the mine or at the preperation mill which delays start up (and if a fault is going to happen the first few months are the most likely times) then the price will plummet. Saying that I believe the risk is built into the price.

The SP will not plummet!.
Delays in mining are expected.
The fact that the project is currently on time and budget
is a testament to the quality of the management.

The SP will not plummet!.

I'm afraid it will if there is an announced delay to production. Why do you think it wouldn't?

Delays in mining are expected.

Not by the retail investors that have been rammped into this share, I'm afraid that they would panic and the market would fleece them.

Anyway, let's hope (for both our sakes) that nothing untoward occours and we both make lots of money ;-)