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.!!

have held griffin mining for some years, would be obliged of any further information on possible takeover, thanks

Griffin soon to be de-listed from berlin exchange = panic buying by those who went short big time. IMHO.

Does anyone have any news on why Griffin are currently on the move up. I know the results recently reported were encouraging but do not explain the improvement. Is the takeover imminent?

There is talk of bids from three interested parties who want to buy as the GFM share price is undervalued and they seem to thing they can get it on the cheap but GFM must worth about 50p, would that be a fair price any views please.

http://www.griffinmining.com/gmphoto.htm

Anyone know if these bid rumours that were going around a month
ago as still about/live/come to anything???
cheers for any info!

It might be because they are being re-rated from expo to producer, but there are still the same bid rumours.

Cheers aldwickk!
Be Lucky!

Have a look at the photo section on their site, it looks very impressive, having just been up-dated!

I hold the shares btw.

Nice to know there's more of us RayRac!
let's hope we all get lucky!!
Yes the photos look good, shows there's something tangible there!
;>)

Bet CDN wish they had photo's like that.

Don't know Cal.Resources that well - why are they having problems?

Production 1st qtr 2005...that's what they say. Going by the speed of construction and the state of developement it looks very likely! I would hardly think they would do all that without something worthwhile underground.

Seem to get value for money in China, labour very cheap so costs can be quite low. It all helps. :)

Agreed RayRac - price has unfortunately taken a tumble this pm
though, which is a shame....

Charles Stanley note

Mine opening looms

The development of Griffins Caijiaying zinc/gold mine in China is on time and within budget. The mine is expected to be commissioned next April with cash flow a month thereafter. The Company has been stockpiling ore extracted during the current construction phase and production will start immediately on commissioning. Whilst this important stage has progressed satisfactorily but unspectacularly, Griffins share price has trodden water. In the New Year we would expect interest in Caijiaying to revive as production nears and with that Griffins share price should also move ahead.

The Company has been able to both outline material amounts of ore for initial mining and stockpile ore recovered as a result of development work, and this will enable production to run at the fully expanded annualised rate sooner than originally anticipated, with positive implications for initial cash flow.

Aside from the expectation of the mines start-up, in 2005 Griffin will also be drilling a number of highly prospective epithermal gold targets. The budget for this programme is $1 million plus. Mine development expenditure has meant that exploration on Griffins leases has had to be reined back over the last few months. With exploration spending restored, the Company will be firing on all cylinders in 2005.

The zinc price has traded within a fairly narrow range over the last 12 months and is currently towards the top of this range. However, it remains at around half its historic high which was reached in 1989 and just a third of its 1974 inflation adjusted peak. We would look for zinc to continue to improve especially as China has become a net importer of the metal, and is expected to continue to be so for the foreseeable future.

Griffin, which has been active in China longer than any other foreign mining company, continues to be offered high-class mining projects in China by various government and ex government agencies. As Caijiaying nears production it is likely that the Company will acquire another major mining project in the country.

Griffin is one of the few AIM listed miners with a real prospect of operational cash flow in the near term. As April looms we would expect a surge in interest in the shares and this would be materially bolstered if the gold exploration programme is successful.

Estimating pre-tax profits of $0 in 2004, $7,700,000 in 2005 and $28,800,000 in 2006.

Further good news today. Unexpected bonus reserves of zinc have been found. Should see a steady pick up in the price this week. Shame the US aren't trading today. May have to wait untill tomorrow to see the next big jump upwards.

Should be a sound investment for the middle to long term, imo.

Morgan Stanley maintained its 'overweight' stance on Rio Tinto and BHP Billiton.

The US broker raised its forecasts for both stocks and argued that it believes dollar weakness and robust longer-term prospects for China are leading to a period of stronger commodity pricing.

There was demand for Griffin Mining, 2-1/2 pence higher ahead at 31-1/4, in the wake of positive drilling results. Underground drilling results have identified new zones of high-grade zinc ore at the Caijiaying zinc/gold mine in China.

The results exceeded the company's expectations by finding high-grade zinc in zones not included in the original feasibility study ore reserve.

Personally I'm delighted with the moves last week and this week,
although with announcements only coming recently, it does make
you wonder what was driving the share price moves upwards before.
Maybe some lucky hunches paying off....