Member Info for davidpqz

https://www.reuters.com/article/global-metals/metals-base-metals-rally-zinc-recovers-after-hitting-9-month-low-idUSL8N1SB3J7?feedType=RSS&feedName=companyNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FcompanyNews+%28News+%2F+US+%2F+Company+News%29

I was initially attracted to this share by its free cash flow and the likelihood of being debt free by end of 2018. However on digging further it would appear that the life of the Kwale mine extends only to 2021 and that its cashflow is earmarked for the development of the new mine in Madagascar. Any views? On the positive side it's on a forward PE of only 3.37! Can anyone point me to a free website showing the current price of Imenite and rutile?

1. Zinc price close to February high - extra revenue mostly goes to the bottom line. 2. Confidence in this company is not tied to the Zone 2 permit which has been in the offing for several years and GFM have had the confidence to build the infrastructure. 3. One day the permit will be granted. 4. One day, when the coffers are full enough a dividend will be paid 5. We are currently on a forward P/E of 10.6 which is not demanding Sean, don't be panicked by a journo trying to write a piece on 100 AIM shares!

GFM is still earning at record levels which will become apparent in H1 results. The final line of the IC paragraph is "As it is, Griffin�s enterprise value to cash profits ratio exceeds income-generating Central Asia Metals.". Would that be the same Central Asian Metals carrying debts of almost $140m?

This is the crucial question. Any real insights anyone?

Cantor's issued a broker's note yesterday at 190p

Quite agree. Production from other miners taking facilities out of mothballs isn't going to come on stream until late in the year. This company in my view, is right not to pay a dividend and , instead, to build up its capital. The zinc commodity cycle will inevitably, eventually turn by which time GFM will have the cash to double production (via zone 2 timing completely unpredictable but certain) without tapping the pockets of faithful investors. p.s. I haven't a clue why the sp went up by 5% today.

By my calculation (taking account of mix of dollars and pounds) we are now on a P/E of about 8 which looks like good value to me.

From the Chairman's statement : "The cash generated from these outstanding results enabled all bank loans to be repaid and leaves the Company debt free with $26.5 million in cash on hand at year end." Net profit is up more than six fold on 2016. We are nearly four months into the new year with the price of zinc close to its record high. I'm pretty confident that we are still accumulating cash at a record rate. Understandably there has been a lot of profit taking this morning but I'm holding on!

Lizard. Look at the volume. Consider what market makers do. Consider whether institutions or PI,s move the share price .

Net loss for past two years has been in the order of $27/28m and is probably on course for a similar figure this year. Amerisur has cash of around $24m. What's not to like?

http://www.mining.com/author/frik/page/2/

In short we don't know when the results are due out until the company tells us via an RNS. Last year that was April 6th.

Zinc is at a ten year high, recently breaching US$3,600/tonne and has risen from US$1,500 two years ago. There are companies opening or re-opening mines but it's going to be at least a year before they have an effect. There is a supply drought. Enjoy the ride!

Although very encouraging this was pre-clinical - so there's still a very long way to go before the possibility of being cash generative. I haven't been here for a while - are there any shorter term projects?

Not always though.

Probably.

I don't know. I would observe though that all stock markets are down. Congress has just passed a Russia sanctions list and the CIA director has been saying that China is a bigger threat to US interests. There is a good discussion going on iii .

The cash price has now broken 3,500 US$ per tonne.

Thor has been loss making every year for the last 5 years. Total losses about GBP7m. Project development costs for Molyhill around US$40m From the independent auditor's report for period ended 30/06/2017: We draw attention to Note 1 in the financial statements, which indicates that the Group incurred a net loss of �1,253,000 during the year ended 30 June, 2017 and, as of that date, the Group�s current liabilities exceeded its current assets by �84,000. As stated in Note 1, these events or conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the Company�s ability to continue as a going concern. Our opinion is not modified in respect of this matter. About GBP1m seems to have been raised in Nov 17 through the issuance of warrants. Shares in issue over the last five years has risen from about 25m to 315m I fully expect the wrath of the echo chamber!