Updates

Griffin Mining - Zinc sales halted in response to falling prices

January 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Chinese zinc producer Griffin Mining shocked investors by announcing that sales and profitability will be below expectations for the current year ending 31 December. The reasons are self-inflicted, with Griffin deciding to stockpile its production because prices have fallen too far with the intention to resume selling next year when it expects prices to have recovered. Griffin believes the price falls have been caused by one-off factors, namely significantly greater exports of zinc from China as exporters seek to gain certain financial benefits, which will be abolished next year. Although Griffin has a reasonable cash cushion, this is a risky move. Introduce a stop-loss of 86p. ...

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Griffin Mining (November 2007)

Griffin Mining (September 2007)

Griffin Mining - Eps forecasts downgraded (June 2007)

Griffin Mining - Zinc production set to soar (February 2007)

Griffin Mining - Poised to step increase zinc production (July 2006)

Griffin Mining - Broker's price target is 85p (April 2006)

Griffin Mining - Zinc miner on cusp of step increase in production as prices hit new highs (February 2006)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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