Member Info for xk150

Let's be fair here. CF was saying, quite correctly, that small...and sometimes new investors should not put their whole savings on any investment. Wise advise, i think.

Having be in for a number of years and followed the share price both up and now down ,I am still positive in my belief that the mine will get built and that we, as investors will in the end profit. On the way, I am sure there may be some dilution but this does not put me off. After all, if the end play is as originally predicted, even a diluted involvement will reap hansom rewards. As they say YOU HAVE TO BE IN IT TO WIN IT. So, as I said a few weeks ago, the current problems have resulted in a very low price and for me, a buying opportunity and thus I purchased additional shares last week. Of course, on any chat board, there will be some who would like to see a low price! but for me however, I see them for what they are and then make my own judgement.

Having held shares in Sirius for many years, and ridden the storms on the way, I am very tempted to buy at this price. I nearly bought at 4.3 last week. Although I have£9,000 invested in this company I still think that in the end, the mine will be finishes and all of us in now will reap the reward for the risk.

So,for me,the end is not in sight, for now that is, and I will pick up more at the bargain basement price, punting therefore, that finance will be forth coming! An optimist, you could say.

The best returns are so often from real gambles ?

Sorry,

Sitting in the sun in Italy and lost service. I was going to conclude that I have not lost faith and really like a challenge so, willnow buy more to compensate for the last consolidation and build a good holding in the hope that across the various fronts, ECR are successful in finding gold...I do like a gamble.

It was nearly 9 years ago that I made my first purchase of 30,000 shares. Even then, I was impressed with the potential to turn a penny share into a pound share. As the years went by I continued to top up my investment. I was very aware that these shares traded on AIM , were a real gamble, so as long as I treated the investment as such, I was happy. The share price dived after the first planning application was dropped, but still I bought more, again buying on the low. My faith in the potential was not diminished.

It would have been easy, and some would say sensible, to have sold out just after approval for the mine was received. However, this just reinforced my belief. As time went by the price dropped and again I built up my holding.

Now to the point. If you, like me, believe that the company is sitting on a 100 years supply of one of the most efficient fertilisers round and at a time when the world population is growing too fast and food supply is at risk, it can only make sense to stay with them and reap...sorry for the Pun... the rewards from 2022. I for one will take every drop in price as a buying opportunity, as I did again 2 weeks ago.

For me the Risk/Reward ration is low and worth the ride.

Like so many of you, the recent drop in the share price has been quite unnerving. Over the many years I have held shares in Griffin, I have experienced similar reactions to both external as well as internal situations. When I invest I try and evaluate the risk and potential of a company. In this case Griffin is a profitable..well very profitable mining company, with no debt and with a growing resource linked, I agree by Zone 2. We are led to believe that zone 2 is now in the bag. The company has a great reputation, albeit not for news flow and has achieved so much in China over the years.

This latest drop could be linked to a few specific factors:

1. Trump's trade war with China
2. The drop in the price of Zinc
3. The emergance of increased volume through mines opening up
4. To some degree a disappointment that no Divident was announced.

In my view, the Trump issue will be short term and resolved. The Zinc price will fluctuate and as they say What goes down will in time go up. With the drop in the price of Zink, perhaps some of the talked about mine openings, will be put on hold. As I have said before, the company has a history of paying dividends when it is prudent to do so and I think that in time shareholders will again be rewarded.

So, we all have a decision to make, sell or hold. I believe in the future growth of Griffin and will therefore hold. What will you do?

Well, what can one say.....I too have held this share for years and the latest news is a major blow. However, seeing the price drop like a brick...and still thinking that there is a great chance of success in the future, we just need a hole to be drilled!, I have gone in and bought more shares, thus reducing my average. At these prices I am happy to 'take a punt' My logic is founded on the historic estimates of potential volumes and that if these are to be believed then another farm in partner may have more interest. We shall see?

For ' declared a dividend' please read' paid a dividend.'

I first purchased in 2004 and they declared a dividend in June 07 and again in June 08. I have sold in past for profit and then built up a further holding. My average now is 48 p so am well in profit. Yes, this perticular blip is a little unpleasant but if you don't need the funds , they will go up again. A recent report indicated that the SP should be significantly higher, higher even than the recent highs!

The rather unpleasant drop in the Zincprice, could result in some of the projected new supplies being turned off again.

For me, after 14 years and some previous profits, I rate Griffin Mining and expect it to deliver dividends and share growth in the future....I'm keeping faith!

Having been a share holder for at least 12 years, I have see the ups and downs in the sp. I can also remember receiving dividends so, don't assume this company cannot return to dividends again. I just cannot understand those who moan about the share price and yet must understand the fantastic results being delivered. Yes, the Zinc price is down, but Griffin have no debt and are producing millions of dollars in profit. They are on the cusp of being awarded a mining licence for the new zone, so have many years ahead, producing zinc, gold and lead in vast quantities and as a result ....procuring significant profits.

I do believe that at an appropriate time, the Board will start dividend payments again and I want to be well invested for that time....keep the faith guys. The future is bright!

Having been a share holder for at least 12 years, I have see the ups and downs in the sp. I can also remember receiving dividends so, don't assume this company cannot return to dividends again. I just cannot understand those who moan about the share price and yet must understand the fantastic results being delivered. Yes, the Zinc price is down, but Griffin have no debt and are producing millions of dollars in profit. They are on the cusp of being awarded a mining licence for the new zone, so have many years ahead, producing zinc, gold and lead in vast quantities and as a result ....procuring significant profits.

I do believe that at an appropriate time, the Board will start dividend payments again and I want to be well invested for that time....keep the faith guys. The future is bright!

As I have mentioned before, some posters may well have the intention to influence shareholders to sell, why? I could only speculate!!! For those still holding, perhaps we should now wait and see. In either event there will be some unhappy posters at the end, I for one, will hope to be on the winning side and am pleased that so many refused to be pressured by these unhelpful messages.

As I have mentioned before, some posters may well have the intention to influence shareholders to sell, why? I could only speculate!!! For those still holding, perhaps we should now wait and see. In either event there will be some unhappy posters at the end, I for one, will hope to be on the winning side and am pleased that so many refused to be pressured by these unhelpful messages.

As I have mentioned before, some posters may well have the intention to influence shareholders to sell, why? I could only speculate!!! For those still holding, perhaps we should now wait and see. In either event there will be some unhappy posters at the end, I for one, will hope to be on the winning side and am pleased that so many refused to be pressured by these unhelpful messages.

May I suggest that many of us did not want to sell. Do not question the reasons please. Look at the number of shares selling and you will see that quite a few of us did not want to be held to ransom. There is much still to play for and I would prefer those that are out of this share, to now stop commenting, perhaps they are worried they may just have acted too soon. Time will tell.

You will see that the PCI response document confirmed that Alan Parsley, a non exec director was not intending to accept the offer, although he did recommend it. There appears to be a number of share holders who view the offer to be so low that it is not being considered . Who knows how many shares therefore not up for grabs! An interesting time to come and in my opinion , still much to play for.

Just for the record I am still not selling, and will not sell. You have to make your own minds up. Do not be lead by posters, they may have other agenda's!

I accept that de listing is a risk, but in the past I have had several shares that for what ever reason, have delisted. One is about to be taken over and I will receive proceeds and a second is about to return to AIM. As I said earlier, the offer is so low that I am happy to take the risk. Assuming the shares are not cancelled....the greatest risk, you would still own the shares even if you have difficulty trading them. In that event as things progress they may at some time have a greater value!

Having read the latest circular from PCI and the Sunny Hill one again, I am still not selling. I will therefore follow Alan Parsley, who in the circular, has also stated that he does not intend to sell. I am aware of the risks but, having held for 10 years and built up a significant value, the sale value to me is just too small. What ever happens, I will be able carry a useful tax loss to set against my more attractive investments.

As I see it, WV have a lot to lose and are still prepared to put more money on the table, so, it they see a value in the mid to long term then I too will wait and see. I am not going to sell for pence when the built in value is just a few years away. So, I am not for selling.

Gentlemen, We all have views, some more than others, and for different reasons. As I said yesterday, as a shareholder I look for much greater value. I am very pleased, but not surprised that the 2nd major shareholder has rejected this bid. The bid is now dead . We must now wait and see what next comes, I for one, expect better news as we proceed. For those other holders, be aware that there is always others who may benefit if the share price lowers...or does not rise. I agree with Jmsm, that Skye would be unlikely to issue a statement if they had some alternative agenda, as they say "always. Keep your powder dry" Now that the WV offer is dead in the water, there is much to play for, so I am holding for the long play.