Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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GoG hi, better still the LSE TRADES above shown on the GGP SHARE PRICE top left it states:-
Volume sold just over 7 m
Volume bought just over 10 m
Yes Matty56, absolutely! 10m shares sold yesterday according to LSE and the other day when I checked it was 5m or so. Hardly anybody is really selling. The price movement is based on turnover of a quarter of one percent of the shares in issue or so (hope my maths is right!) . The attritional process of wearing the price down to force sellers doesn’t really seem to be working v well on that basis. Maybe if the price went upwards instead (hint hint MM’s) more people might sell. As you say when we get to the right time for Hav and it isn’t just PIs wanting the stock, the direction will change, I believe in a significant way.
There are 3.9+ billion (yes billion), maybe 4 billion, shares being sat on by long term holders - when we were peaking at the 25+ levels I'm sure some took profit and some new people entered...but that was 12 months ago...3.9 billion+ sitting under people's hands. How do you extract them?
Wear down patience is one option. Wait for a big placing/dilution is another. Option 1 clearly not working despite efforts of some. Option 2 not necessary after a small placing set-us up for 12 months and the 5% will do a good chunk more.
So, what happens? The good news fundamentals get proved, and added to, and proved again - hit the press, get pitched to investors, inc. institutional investors, and they come in harder, willing to pay more ... And eventually the dam bursts and we see more liquidity, providing more potential for the SP to actually trade upwards rather than have meagre back and forth's between short term punters...I think.
Try to think of what is taking place now as a 'War of Attrition'
'The act or process of weakening and gradually defeating an enemy through constant attacks and continued pressure over a long period of time'
We / LTH's are the Enemy in the eyes of those whom want our shares?
PI's, hold a very potentially valuable share with an ownership of maybe 80% of GGP and at the minimum 25% of Havieron after the 5% conudrum.
Unknown parties wish to take that from you as a LTH.?
This is the way that I am currently viewing this war because it is a war.
How long are you prepared to hold out for, is the question you might ask?
For me, I will hold out until we become a Co Producer with NCM as I believe Shaun also believes, as he has already intimated in this in more ways than one, ie Cashflow, not just the 5% FMV, but the ability to continue to fund further exploration on our 100% assets.
We need a steady stream of income over the coming years to fund our development and all being well will find another major discovery on one of our 100% owned assets.
Then and only then will we really will see a major uprate in the SP , all of course IMHO.
Z you are right in most ways. I have a considerable amount of shares, I have great faith in GGP but I am disgusted with what has happened again.
Tomorrow, I will be more relaxed about it.Tonight, have been out, saw the antics and feel this is happening too regularly, to put it mildly it is taking the mick.
I really do not want to buy further, have decided to do a lot of holidays this year given the opportunity of covid behaving and shall have a good old spend up.
I have constantly topped up from the descending price of the glory days.
My cooling anger aside, this price is so cheap it is ridiculous, you are right.New investors should be flooding in, this is life changing stuff.
It does worry me how we can be puppeteered and presently this is a chink in my armour, although deep down I know in time we shall win.
ATB Z
Viking
Evening VS, look at it from another perspective perhaps........anyone who believes GGP is going places, STILL has access to the stock at rock bottom prices! LTH's can accumulate and make even more profit in future.
This really is the bargain of the year.
IF you have faith in GGP....why don't you buy more?
Z
I don't think many are directly exposed to today's 'official' closing price? We're at 13.9-14.0 based on today trading...not where we should be but that means loads of upside. Lots of news coming soon.
Cheers MadMag, at least we are united in our views , good on you and thanks x
Viking
Absolutely Viking! Wish I could give that post a thousand recommends. I know, I know, current share price is irrelevant, blah, blah, blah. Just sick of these greedy b***tard, entitled f**kers getting away with this day in, day out. Sickening to watch. I really feel for people who are hoping for/needing profit soon.
Just seen the closing price. WTF, WTF, WTF.!!!
Taking the proverbial does not cut it, sorry, I am extremly effed off!
The MM' s must think they are royalty and can treat us like peasants.Perhaps the top guy is King Canute or King **** is more appropriate.
I am sorry folks, gutted, not so much for the price drop but what this sort of action shapes for the future.
Brutal!
Angry, unforgiving Viking
Tymers .. as usual absolute bull**** ., the MRE and 5% valuation will affect the share price, if you don’t believe that then sell up and give us all peace !
Tymers - if you were responding to me you misinterpreted me. It's not revenue per se, it's enough sentiment/facts/numbers to bring in some new investors - hence the next few weeks could lead to a short term move, then the series of announcements in run up to DFS etc. Etc.
Trust me you don't need to explain. It's quite apparent the market will only value based on revenue . We have many that well just don't get it
StarB - good point. I think the MM's probably also having a good chuckle about how they've managed to consistently work the spread for GGP to take a bit more than they might with a more liquid stock/less sticky PI hands. The strong PI belief in this company/project (including mine) means there just aren't that many shares being traded, and it's the back and forth of a very limited subset of the whole that's setting the price. Eventually fundamentals will win out, and not having nervousness about our financial position make a huge difference Vs other investment options.
Tymers I think your simple maths is simply wrong.
Tymers - not wishing to deramp but - the market doesnt think anybody ois going to buy them while money is tight and the price of gold is falling - it dosnt matter howmany gezilion tons of gold and other metals they have if they are not selling it to anyone they are not getting any money for it - they are all miserable London illigetimi. Hope that explains it.
What I think and what the market thinks are obviously two different things. Maybe it's time?
But Tymers - you think they're worth a lot more than that: "Incorrect. 175 million will Value GGP at 3.5 Billion. Simple maths peeps"
Speedy - oh yes indeed !
Have a fb weekend my friend
christ, they have zero class if they are drinking in Hamilton Hall - may as well pop over the road to dirty dicks!
Too much attention is being paid to the UT here. It might just be a result of one MM having to offload a few at the end of the session (position limits..?) and being bent over by the others for a few pennies. They are probably laughing about it now in the Hamilton Hall…
Plenty of trades between 13.70 & 13.90 in the last 30 minutes. All things being equal it will open there on Monday morning, at which point this board will be full of posts saying that the +4.5% jump is the result of desperate shorters battling to close their positions etc.
Investors should ignore the noise…
Hi Tymers. The bait will have to be better than that. ATB Speedy
I’ve been in here since 2014, so call me a LTH if you wish. I can categorically say I will not be voting for a 14.5p takeover.
Hi Panama. Our laughter will be heard on the moon. ATB Speedy
Market Muggers.
Genuinely think GGP should be asking the FCA to monitor what's happening here. It's getting ludicrous!