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Oh, and don't forget, Private Investors hold the majority of shares in GGP, we have the power at the moment, not JPM.
So please do not be spooked by JPM, we can win this war if we HOLD or better still BUY when we can..
Bottom line, JPM are a bunch of Chancers. If we are to beat them at their own game just HOLD or BUY.
'The legendary business figure Lord Weinstock, famous for his 'cash is king' management mantra, had steadily built the General Electric Company (GEC) by acquiring and integrating a wide range of businesses from Hotpoint and Yarrow Shipbuilders to Marconi. After 33 years of his steady hand on the tiller, the company had managed to make a profit of £981m and had a market value of £11bn. '
And this is going back some 30plus years!
https://www.managementtoday.co.uk/folly-change/article/547326
As much as I would like (and I'm sure everyone else would) for the JPM short to get burnt, then most likely they won't as the market will play it right for them.
They're professionals at what they do and generally always come out on top; and of course they have some third party control over certain markets with the help of their banking, broker and market maker cronies.
Even if they did get burnt then they'll have many fingers in any other pies so they always maintain a positive advantage in the finance game - it's what they do.
IMO then the amount they're shorting will have no real impact on the overall long game; so
I'm sitting tight and not worried in the slightest.
I understand your point of view Jiffy - some might misinterpret it as a signal to bale out which would be a shame. I keep on reading the kind responses to my request for views on JPM etc and imho Zoros, Starbright and Notrader and Matty have given great accounts as to what is likely going on and imho nothing serious to worry about. Good luck to you and Shaun in building our Billion Dollar Company - he can do it!!!
The whole desperate/cycle-clips/burning/panic/balls in vice/marooned narrative is a fairy story. Just ignore it.
Hi Redirons,
I agree 0.50% is peanuts for now :O) , let's hope it stays that way.
For me ,I will hold on to my shares until I reach my target or if Shaun finally confirms that one day when GGP becomes a Co Miner with NCM, we receive a dividend. (Sent an e-mail on that subject and awaiting a reply :O)
Above all I want us to keep our remaining 25% interest and take future revenue / profits from Havieron.
Others on this BB seem to think we will sell the 25%, that's no way IMO to build a Billion Dollar company .
What I would like to understand is - if 20m short is peanuts/ paltry why is closing a 20m+ short cycle clips territory?
Hey Jiffy - fwiw I hope we do not play into JPMs hands by unnerving weak investors and creating an overhyped sell out. In real terms 0.5% short position is peanuts compared to real shorting positions and they may be testing out Lther resolve in holding on to our golden tickets. Stay strong and long imho and declared and visible shorts have no more effect than the ones we cannot see that exist all the same.
Hi NoTrader,
Does it or could it ,effect the long term Share Price? to the detriment of LTH's?
You should watch some of the You Tube videos on JPM, they have a lot of firepower , ie Capital at their disposal to unfairly move the market in their favour and for reasons unkown be it a client whom is wishing to lets say takeover GGP etc?, that is the issue here IMHO.
Not saying that this is the case at all, but it is interesting nonetheless as to why anyone would wish to drive the price down now at such an important point in GGP's journey to date.
We are just on the cusp of moving forward and now we learn today that JPM are shorting us. Why?
https://www.youtube.com/results?search_query=JP+Morgan+fraudsters
Will be interested in Hydro’s views but I think Zoros, Starbright and Notrader have this nailed between you - thanks. No point worrying about normal share activities particularly when they cannot possibly affect the gold, copper and nickel finds we have at Havieron and hopefully elsewhere on top!!! VGLA.
Starbright - good luck with trying to track down the fund - I couldn't, likely because the value is too low to be made available in any public JPM documentation?
Worth noting that JPM may well have a long GGP position(s) within their fund/holdings portfolio somewhere.
Also - as others have mentioned, whilst it may reflect some negative sentiment from a JPM fund manager somewhere, it is what it is. Doesn't change the fundamentals and at the end of the day every share has to have an owner. If GGP were desperate to raise funds right now then there would be a reason for some annoyance...but we did that recently (at 14.5...enough said), so no issue there. The whole 'going for the jugular' storyline doesn't add up...for those who use it, please explain it!
The reason I am worked up by the JPM short is that I don't want to see another year like 2021. Knowing the short is by JPM makes me worried as I had a bad experience with the monster shorters in PMO!
Evening Notrader - hope you are well.
The 'short' issue won't go away now because certain posters have rammed it down our throats for months and (a) ignorant, (b) nervous and (c) frustrated shareholders cling to propaganda like this as a lifeline...
I have seen it in nearly every stock I have invested in....if the SP is unbelievable, then eventually they blame shorters (or its distant cousin: manipulators).
It's too late now to dispel the shorting myth @GGP, it's engrained here. We have to move on.
My current concern is Ukraine. If/when Russia invades, global markets will (temporarily) tank and if this coincides with the bag of good news coming from GGP soon...it could neutralise the positive effects reflected in the SP for months.
I guess if time is not an issue for a shareholder then it isn't a problem.
For others, time is as precious a commodity as gold.
Best
Z
I’m not sure they are allowed true prop books anymore - can only serve client execution, may be able to advise high risk takers though as it’s the asset management arm.
Whatever it is, it’s virtually currently out of the money and hopefully running at a loss in the next few sessions.
GLA genuine investors - TFG
Well said Zoros.
I really don't understand why some of the people on this board are getting so worked up over one or more IIs shorting the stock. It's what they do. They are either gambling to make a quick profit, or hedging other positions. I can understand why punters and day traders might get nervous, because it might impact on their short-term trades.
Does it affect the gold in the ground? NO
Does it change the assay results due? NO
Does it affect GGP's or NCM's drilling programmes? NO
Does it impact the 5% negotiations? NO
Many posters here claim to be LTHs. Will it affect the long term prospects of GGP? NO
Spade I have 2, Nord and Norton, and if I get bounced out by Ortex, I just change my location again, works a treat.
You could of course pay for their service if so inclined.:O)
Hi Jiffy, I run a VPN 24/7. much more secure.
Spade,
Given that the Ortex link is for the USA & Canadaian mkts, I kind of think there is a very strong possibility that it was JPM all along?
Nb: If you want to view it get yourself a VPN otherwise you wont be able to view Ortex shorts more than once.
@Z:
1, Correct
2, Correct. Interesting as it’s the first real one we’ve seen though.
3. Position is disclosed as JPM AM(UK) so not part of their prop trading or proprietary book. It’s most likely client money via a fund they manage. I am on the case of narrowing down the potential candidates…
4. It’ll be the clients (in the fund holding the position)that profit or lose, not JPM themselves - v important distinction
JPM won’t “know” anything non-public re Ukraine or similar. If they did, they’d likely be taking positions in their prop book not wasting the inside info on their clients… ;>
LA, honestly mate I don't know. The 18M that was dropped on us was on 11th January. Obviously JPM only declared their short yesterday 19th. So I wouldn't like to speculate at this stage, but all will be revealed shortly. We should have more of a clue when Ortex updates their chart tomorrow afternoon, bearing in mind that Ortex is always a day behind.
All the other shorts could have been below the disclosable amount
1. Shorting is normal (look at all the other companies being shorted).
2. It is a paltry 20m shorts ffs!
3. JPM (whether you love em or hate em) do this for a living. It is legal and it is a way of keeping their stock fluid.
4. They are either (a) hedging their bets (because the profit they make from this paltry amount will probably pay for the coffee boat in head office) OR
they know something is going to kick off (negatively)......my guess: Ukraine and its effect across all stock markets.
I'm not a lover of shorting but it happens and when it comes to GGP, the shorting that has been going on is minute and negligible.
The SP belongs where it is because of what we have in the ground thus far.......ie: it is still in the ground and secondly it is so far a mediocre find.
Before you spray a "Z "on my front door and tarnish me a troll collaborator, please DYOR and understand why 3.4Moz = 15p. When the MRE2 comes out = 24p. Each incremental MRE = +Xp.
The 5% valuation = +Xp. Term sheets = +Xp. The DFS = +Xp.
Ukraine = =Xp.
Be prepared for all these scenarios....they are a comin!
Z
As you can see from the current and historical data - JPM is the first and only disclosable short in GGP since 2013
Are those not the same numbers as the earlier sells?
GLA