Mr Ninkov ... I have long thought you have built a super company, however as a small holder don't you think it time some attention was paid to the share price.

With $90 mil in the bank at this price surely you are in danger of being swallowed how about an increased dividend or at the very least a statement or two, by backs do not increase share prices. Market conditions are of course difficult but the present price is ridiculous.

Well, it used to be a darling of the stockmarket.....rising as we speak...must be tens of thousands of shareholders...

rf read the profit and loss account.profit attributable to shareholders in the parent company was only $8.5m(5.2m).

Well I haven't.....but the last rns was very upbeat to my way of thinking.....

CHINA MINING AWARD
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TIDMGFM

RNS Number : 6258R

Griffin Mining Ld

08 November 2011

Griffin Mining Limited

http://www.investegate.co.uk/Article.aspx?id=201111080700176258R


China Mining Award

8th November 2011.

Griffin Mining Limited ("Griffin") is extremely pleased to announce that its Chinese subsidiary, Hebei Hua Ao Mining Industry Company, has been awarded the "Best Project Development Award" at the China Mining Conference held in Tianjin China on 6th and 7th November. This prestigious award was given in recognition of sustainable development and expansion of Griffin's Caijiaying zinc gold mine.

Further information

Enjoy.

Mid-Term Investment Potential Zinc Sector Review

We think continued growth in zinc consumption, driven by double digit increases in the galvanising industry in China, will be concurrent with the market transitioning into deficit as supply moderates from 2013 due to the uncertain futures of a number of mature mines, declining inventories and tighter mine supply.

China Demand to Rebound: China is currently the worlds largest producer
and consumer of finished zinc, with 2011 consumption forecasted to grow at
13% to 4.7Mt, with production growth falling below 10%.
Global Demand Increase: Zinc consumption was up to 11.6Mt in 2010, and is
forecasted to be 12.2-12.4Mt in 2011.
Driven by Galvanising: Approximately half of all zinc is used in galvanising
finished steel. Chinas galvanising industry is on track to grow by 13% this year, increasing 2011 consumption by 100,000t. If China reaches a similar
consumption ratio for galvanised to finished steel as Europe and the US, an
additional 5Mt of zinc will be required.
Major Mine Closures: From 2013 onwards, operations such as New Brunswick
(Xstrata) and Century (MMG) will go offline as resources are exhausted,
removing approximately 2.5Mt of zinc production per annum from the market.
Tighter Concentrate Market: Vertically integrated mining and smelting
companies will be looking to acquire new mines or off-take agreements to
secure concentrate supplies, especially at this point in the cycle while the zinc price is low. We expect further consolidation in the near-term.
Niche Opportunities: As supply growth slows, recycling of zinc-coated steel in
Electric Arc Furnaces (EAF) is likely to rise, opening wider markets for current
and upcoming zinc recycling companies.

Industry Outlook and Catalysts

In the short-term, we see the market drivers for zinc including the restocking of inventories in China, weak growth in mine supply, and increasing demand as growth in the galvanised steel market continues. Smelter treatment and refining charges will be renegotiated in Feb12 and miners are likely to benefit from lower realised terms, reflecting tighter concentrate markets and concerns of maintaining high utilisation rates in smelters.

In the longer-term we see upside in the zinc market boosted by continued growth in Chinas galvanising industry, the closure of several large producing mines and continuing slow supply growth. With zinc consumption forecast to reach 14.9Mt by 2015, and over 2.5Mt of zinc supply to be lost from a number of mines due to exhausted resources, the market is likely to transition into deficit; by 2020, an additional 7Mt of mine supply will be needed to meet demand.

GFM flying(up 33% since start of year),with it's cash pile increasing production had to be one of this years safer investments imo,only the price of Zinc has geld this back and that's back up.

http://www.investegate.co.uk/griffin-mining-ld-%28gfm%29/rns/throughput-at-caijiaying--licence-at-zone-ii/201303070700194180Z/



7th March 2013



The directors of Griffin Mining Limited ("Griffin" or "the Company") are very pleased to confirm the approval for the doubling of mining and processing of ore at Caijiaying from 750,000 to 1.5 million tonnes per annum. The increase will include an expansion of the processing facilities, the underground development of Zone II and an expansion of the existing mining operations at Zone III. These developments are all subject to the successful granting of a mining licence over Zone II which is not expected to occur prior to the end of the first quarter of 2014.



Application for a mining licence over and including the area between Zone II and Zone III has commenced with the Geological Report and Resources Statement for Zone II being accepted by the Ministry of Land and Resources on the 28th of January 2013. Work has subsequently commenced on the boundary survey, feasibility study and environmental impact study which are all scheduled to be completed by the end of this calendar year. Application for the new Safety Permit tied to the expansion has begun and is expected to be completed during the fourth quarter of 2013. Work to access the new mining licence area via underground access has also already begun and underground development work will follow later this year to enable ore to be extracted upon granting of the mining licence. Development work has also already commenced to access the lower levels of the Zone III mine to further increase the amount of ore extracted. Preliminary works for the upgrade of the processing facilities will be undertaken in 2013 with the expectation of completing the upgrade by the end of 2014.



The development of the Zone II deposit and upgrade of the processing facilities is not expected to result in any interruption to existing operations. Development and plant upgrade costs will be funded from cash flow from existing operations with surplus cash flow directed to repaying existing Chinese banking facilities created to fund the acquisition of additional equity in, and the extension of, the joint venture in 2012. As a consequence of this need for internally generated cash flow, the Company does not anticipate paying a dividend in 2013.





Chairman's Statement



Griffin's Chairman, Mladen Ninkov, commented: "I am well aware of certain individual shareholders desire for the Company to begin paying dividends both for personal income requirements and the financial discipline such an action imposes upon management. No-one would be more pleased to do so. However, shareholders short term desire to have cash returned to them cannot cause an under investment in the future growth of the Company. In this light, Griffin's directors have concluded that further investment in Caijiaying represents the best use of Griffin's available resources. With a number of major world zinc mines reaching the end of their economic lives, the supply of zinc is expected to diminish and, hopefully, a rise in zinc prices will follow. Accordingly, it is expected that this further investment at Caijiaying will result in significant returns to the Company and to its shareholders in the future at which time the Company's dividend policy will be reassessed."

Well worth a punt with a M/Cap of just £50m,once commodities recover this compay should rocket? IMHO

http://www.investegate.co.uk/griffin-mining-ld--gfm-/rns/preliminary-results/201304110700280724C/

Hi NOC - I got my punt out some years ago and have long expected a return to 100p and over - I think you are right - I take it you are a Spurs supporter - if so good luck tonight although you havn`t got Garath to "Bail" you out. !

Like oak142 I got my punt out several years ago when despite much mention of rewards for share holders the directors seemed to have lost my address.

good luck to other holders Tipton11

don,t worry Mr Ninkov and his fellow directors are making plenty of money.

Time to re-consider this stoch,it will take a while but looks cheap at present?

http://www.bloomberg.com/news/2013-07-25/bullion-bear-market-seen-ending-zinc-s-7-year-glut-commodities.html

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Come 5th Aug,this can be bought in a ISA.

http://www.investegate.co.uk/griffin-mining-ld--gfm-/rns/half-yearly-report/201308140700045748L/