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Norf said he doesn't use LSE and said people can message him on telegram to see for themselves (@norfnorf)
It is not always greed that drives individual actions in the stock market.
Sometimes sentimentality takes over.
Often, it is just wanting to receive full value and not let go of a shareholding at a price which is perceived to be under value.
Some have said they want to see the share paying dividends, if that becomes a possibility.
There is no 'one size fits all' solution to the question of why people buy and sell when they do.
That is true, it doesn't always work out which is why its never a good idea to put all your eggs in one basket
Yes that maybe true but a lot of you guys and girls would have got in sub 1p for maybe millions of shares , if you haven’t sold any , exactly how rich do you want to get ? As for being a lth i am in another share pog but as you will be aware it could get wiped out soon , so doesnt always work lol
I think anybody who did not sell in the 30p+ range, trader especially, will be feeling rather negative right now. I agree with you there Freddie. There's an old saying in trading circle "A trade should never become an investment". I'd argue the same is true vice versa in alot of cases. The main difference between the two schools are risk management. A trader normally is in for a shorter time frame and should be managing risk more strictly. For example as a trader if you were looking at GGP now for a 20% gain, you might put a stop at 10% to achieve a 2:1 risk reward. You do not buy more when if goes 10% down, you get out. An investor often will buy more because its cheaper and if the fundamentals haven't changed. Or they won't care about 10% and the noise of the market because long term they hope to gain 100% or more. So I think there are big differences between the two in my view
Surely some lth were initially in it to get rich quick , and they would of been if they sold in the 30p range but no matter how you look at it some were greedy and now regret it , are some taking a bit off the table now no one knows but the greed was still there , no different to being a trader imo
Costa
Bamps suggests that he named him... He did not in this negative context.
It's always interesting reading alternative points of view. Sometimes people point out things we haven't considered before and in many ways we become more well researched if you know how to contextualise things. I've raised the same point about get rich quick vs long term hold in the past that the original poster makes. My angle was more along the lines of what sort of trader/investor you are and what risk to take on since there is a big difference between a long term hold vs a trade. I also think it would be nice if the directors did purchase more shares, its always a vote of confidence for sure but I don't consider this to be a major concern right now. I think institutions are waiting for their "list of tick boxes" to be checked before buying in. From what I know, its rare for any to put money in when a feasibility study hasn't been done even though the project is largely de-risked. Therefore the only institutions in us right now are on the short side and we have numerous threads discussing what the motives behind that are.
Where I deviate slightly is the undervalued argument. If someone is a long term investor, especially a value investor, then of course you are supposed to look for businesses that by your judgement/calculations are undervalued. So if GGP was not undervalued right now at 11.5p but a person held shares in GGP already from some time ago, then why would a person hold onto them? Why would they not sell up and move their capital to a better opportunity? The logic doesn't really make sense. In my view, GGP is undervalued depending on how many ounces of gold we eventually define in the ground. That's a matter of subjectivity but looking at the continuous outpouring of positive drill intercepts, expecially the eastern breccia, I feel very confident it's more than what the MRE is and what the brokers are basing 20p+ targets on. So if I put my value investing hat on, then no doubt this presents a great opportunity if I can hold my shares for a long duration (as the original poster states).
I'm not going to paper over cracks, the current SP is awful and the technical chart has been terrible for over a year now. From a chart perspective, we should have been gone last November. But many of us remain due to the fundamentals at play here. Many great stocks and investors have been -50% on positions before making great sums of money. So lets hope that happens here aha
@bamps
"As for being accused of being a paid ramper,"
Please quote where this has happened. I'm guassing you refer to Carefreeinvester?
I did not detect any such meaning.
He has every right to post on this public BB. The level of intolerance and censorship by some key posters is awfull.
I have to say in the last 12 months I have met quite a few posters on here and some that are just readers.
They are such a great bunch of people, I’ve never been in a share with my such friendship to others.
Negative posting is not a trait I like especially criticising other peoples spelling.
My old fingers can’t type as fast as my brain works and the 2 big cracks in my screen are causing me more issues with my spelling. I dropped it in London last week meeting JerryS :((
As for being accused of being a paid ramper, I don’t ramp I bamp.
I’m really annoyed though cos there’s no payments gone in my account :))
I’ve made a great profit on ITM the shorters are sending it up and down like a yo yo.
About 60% of my portfolio is in here and quite happy with the situation, I mean where else do I put it, nothing stable at the moment.
I’m holding for the Ggp story to unfold I’m not looking at the day to day sp.
There’s big money here to those that can wait.
I’m looking forward to spending my kids inheritance!
@Carefree- populate the board with the kind of content you like to see would be my advice.
I'm not a big fan of certain types of posts (people criticising the board but whom add no value with their own posts for instance) but at least I add the kind of content I like to see myself, some may find the posts useful, others are free to ignore.
Don't just be a critic of a platform - be a positive contributor and by positive I mean posting useful content whatever your sentiment about your investment in that it helps others evaluate GGP and also perhaps shapes the platform towards your desired vision of what it should be.
However, I also respect the fact that there are many thousands of other readers/contributors here so not every post is suppose to be of interest to me and as long as it isn't obviously devious or FUD related I couldn't care less personally.
If you're just quietly reading for teh most part, then just read the posts you like and filter the rest. If you really find the platform so distasteful then stop visiting IMO, a bit like people criticising a present government and then declaring they have never voted because the system is broken........
As examples, I've learnt so much about how to analyse drill results from the likes of Bamps and Hydro and others and a hell of a lot about TA and potential trading patterns and so forth by listening to Costa here and on TG and also have a hell of a lot of respect for his knowledge base too.......I have never ever come across a better bunch of PI's and inspired me to start posting more and try and give something back out of gratitude. I've posted more around GGP than all my other investments added together.
It is unfortunate the SP defines the gratitude and respect some have to the generally very positive and collaborative community around GGP - but quite frankly - that's human behaviour for you.
Well spotted Bamps - you could well be right there
That’s a sly dig at me has Norf come back
You're, not your. Try reading it back to yourself before submitting. Either that or stick with you are.
Carefree…are u sure that’s all Callum holds?
Hi @costa, Yourself and the others i named was in a positive light. I won't be drawn in to naming those in a negative light.
In terms of BOD shareholding i have a right to be concerned here as the below is rather lacklustre. We have differing opinions which is fine, makes for healthy debate albeit in reality we have a shared goal. Good luck, i hope this gets us both to where we need to be.
Traded Action Notifier Price Amount Value
2021-11-24 Placing Shaun Day 14.50p 375,000 £54,375.00
2021-07-28 Sell Clive Latcham 17.51p 250,000 £43,781.25
2021-07-28 Exercise of option Clive Latcham 3.00p 250,000 £7,500.00
2021-06-03 Exercise of option Callum N Baxter 2.00p 14,000,000 £279,999.99
Hi Carefree
Two long posts and not articulate at all.
Your free to express your opinions but I would expect everyone on here has felt very uncomfortable feeling your having a go at them.
A lot of posters come on here complaining about rampers without naming them. You should name them to let them defend themselves.
Accusing everyone but not naming anyone is a disingenuous thing to do.
I couldn’t careless if you think I’m one, I share my research and tell it as I see it.
If you’ve been from 2019 you will know that my figures/calculations have been growing continually, I don’t see where you can find repetitious figures.
On the Board buying shares if you had taken the time to go and see Shaun and asked the question you would have the same answer we all heard.
I’m not going to say what he said I will leave you to do your own research and not piggy back off others
Got quite a lot to say after not posting ever in the last few years carefree, seems like you’ve had a lot bottled up lmao
@Paddygall, 'Shame to see people selling up but let's hope the capitulation marks the bottom.'
I sold up, Paddy. I sold up some other shares to buy more GGP. Great price, especially earlier.
I hope you are all well.
Bye for now,
Jet xxx
Hi @Costa. Happy to discuss some of my points and your questions. First of all i'm not going to name people as everyone entitled to their opinions. That's what makes a healthy chat board so people can take balanced views and happy to reply to you as you haven't tried to be derogatory like some other reply's. I've been a holding (and adding to) this stock since Feb 2019 so pre pandemic. This stock was heavily ramped around the first lockdown where there were lots of investors selling off from the traditional FTSE 100 & 250 due to orders hitting and tumbling prices. This stock, Eurasia, Petropavlovsk in particular attracted the "pandemic investor" as well as across a number of other sectors like renewables the likes of ITM, Ceres etc. This has trapped alot of what i call the crypto investors and shorts alike who were here for a quick buck and are now selling at losses as they are graph gamblers rather than researched investors.
The main point of my post which perhaps i didn't articulate as prominently as i should have is i'm disappointed with the boards holding and lack of response to nurture the share price and acquire more stock particularly as the price to many seems so lucrative.
The other main point is there is an impatience with many investors here. The perception i get (And this is just my opinion) is that on the eve or RNS it feels as if many are hovering over the sell button to bag their profit and move on, similarly the perception i get from many posts is people are extremely reactive/devastated by small negative percentage movement which if they are in it for the long haul which so many claim would be of little interest small negative percentage changes if they believe in the company (Which i do).
I wouldn't read anything in to the word "carefree" for my sins i'm a chelsea fan and carefree is our signature song.
Finally a rampy post for me is someone bigging up news that may come out tomorrow then acting heartbroken when the news doesnt move the shareprice forward enough. (there is alot of that here) Yourself Hydro bamps and others have articulated the numbers quite well from all the drilling results we all see which is good however there is alot of repetition of the same numbers which we all know and people seem to think an opinion or post has no merit unless we repeat what i hope we all should know.
Shame to see people selling up but let's hope the capitulation marks the bottom.
So much to look forward to here, imagine if Shaun turns around in 4 weeks time and says we can confirm we're now in good ground and the decline is ramping up to the design speed of 154m / month, imagine if he says the 400m north & south step-outs on the dolerite dyke have hit more mineralisation, imagine, imagine.
And of course if they don't hit - we still have 30% in what will be the long term saviour of Telfer.
ATB - Paddy
Point (2)...Tick
https://www.griproom.com/fun/10-signs-your-stock-is-being-manipulated
bought more hard to turn down that price roll on two yrs
MorningAll……..did the same myself this morning. After 4yrs holding, I sold up.
Aaaw CareFree. bless your cotton socks. I bet you were so proud of that little work of fiction.
Shame that anyone with even the mist rudimentary BS detector saw through it within a couple of sentences.
Please tell your paymasters that all it's done is harden this LTH's resolve to buy more at any and every opportunity I can