Archived articleThis is an archived article from 2019 - please note that any content within the article may be out of date.
Griffin Mining- where are the 2018 estimates?
Stock rank, health trend, MOS, sales growth all looking very good but what caused the share collapse?
Disclaimer
This is not financial advice. Our content is intended to be used and must be used for information and education purposes only. Please read our disclaimer and terms and conditions to understand our obligations.
2 comments
IMV it is only cheap if:-
They have solved the production issues - nothing has been said on this.
They start paying a dividend - under consideration for years - never done (OK I think there was one @ 10 years ago).
They bring their governance into the 21st Century - no sign of this - in fact their lack of communication currently with the market suggests it's getting worse.
The one ray of hope is the second license.
(No current position)
Production declined suddenly without any warning.
And investors (me included) are getting fed up of the wait for the second license, the wait for the dividend, and the poor communication from management.
It's very cheap in my view. But there are concerns over how the company is run.