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thanks every one
@ TomE
"Yes my account with ii also show the closing price at 10p but if it was a direct single purchase why show it as a U/T ???????"
The 'closing price' on ii often bears little resemblance with what's happened minutes earlier in the market.
As others have stated, IMHO, we'll see an initial 'retreat' to the 9.40p levels that ruled before.
If the sp goes 10p + then great, but i just don;t see it myself.
10.00p 9,893,576 Buy £989,357.6
UT
Just under £1m
could someone tell me how much was the late buy that pushed the sp north, sorry it not showing on the lse board
thanks
Could've been an Australian buyer with knowledge on the ground - knew the price would rise up to the interims (and hopefully after) but too tired to deal in the middle of night. Hence set an after hours buy price at around 7% premium to hoover up as many as he/she could?
It seems to me that someone wanted in quickly to benefit from news that is going to be announced shortly and was willing to pay the 10p price as they know it is a bargain?
Roll on Monday and next news - it could be the big one :)
Yes Gold member smoke and a pancake or bong and a blitz. No . Then there is no pleasing you.
Ex sxx myself ballers,leaky AF there,Zero comparison on leaks here. Tight like a toiger
Yes, Trucky -
Both GGP and NCM seem to run a very tight ship and really consider their shareholders.
Gervais and Callum have built up a very loyal following , especially over the last two years.
I know that Chartbuster said the share register was wide open. That may be so but, when I hear of the number of long term shareholders who have concentrated their portfolios here, I would not be surprised if we hold one third of all GGP shares in issue.
Bellers no problems. NCM and GGP keep things tight. They do like to drop an RNS when not expected. I think that's so the mm,s don't mess around with the share price before releasing RNS. That's part of why both companies are great and really do consider the shareholders
Hi All
Steady as she goes is also my preferred path. Looking at the daily chart, the first hurdle is for the SP to stay above the minor resistance level at 9.400. If that level holds and supports the SP, then we need to repeat the same with the all time high of 9.600. Once that level is breached the door is open to 10p.
If we can breach those three levels in one push that would be great, but personally I don’t want to see a sudden spike that cannot be maintained.
A steady, sustained and consolidated climb will increase the offer from Newcrest when it comes.
Great day yesterday, which I missed entirely because I was in the garden. When I looked at the chart it was a very pleasant surprise to say the least.
IMHO it’s not a matter of “if”, but “how much” the offer will be, and will it be just for HavIeron or the whole of GGP. Really exciting times for all the patient people here.
ATB
Max
Apologies trucky, not saying it’s a leaky ship but I came over from Sirius into here. That was no better than a colander and I fear it’s tainted me.
Love the sentiment in your 16.29 post TMT - I’ve been here pre-Newmont walk out and intend being here when the real value is achieved - haven’t sold a single share and just 2.8p away from ten bagging. This share has been my salvation so far and whilst I could retire just about now and be OK, the difference is holding for the real value and then it truly will be life changing - not just for me but my wife, son and grandchildren. Good luck to you TMT and all Greatlanders!!
TMT hi.
Good post !!!!! and reading into it:-
I was thinking that if this buyer had the available cash for the 12 mill and could only get just under 10 they may well purchase the remainder ASAP i.e. first thing Monday Morning as they will want them as cheap as poss. If they wait the SP could go up more so buy ASAP imo, they might also put in a Buy limit for 10p so we might see that first thing !!!!!!
Cheers
Tom :-)
Hi ballers. Your comment on leak? I've never known of a leak in the past so I cant see there being a leak now. I do think the meeting with the American bank may have opened up to new investors, would be very good if that is what happened because there may be a lot more big money investment coming here in the very near future
Well, I'm going to find Monday fascinating even if there is no RNS. It's that other 2 million shares that I find intriguing. If the buyer just says, "Go ahead, get me the other 2 million as well," it's likely to take out any remaining resistance, and who knows? We might get close to that 12p target by the end of the week, even without any RNS or other news. If they decide they've got enough and don't go for any more, then we could see a drop back. Or, they might decide to pick it up gradually and we could just stay supported right around 10p.
I actually have more professional interest than financial interest in this one. For us, GGP is a side-play, something my wife decided to take a flyer on almost for fun. We've got enough in it to care but we'd have to see a SP over a pound for it to really make much difference for us.
But watching this unfold from the PI side of things, not knowing exactly what's going on but having some good guesses, makes it really interesting. Unfortunately since the stake involved is well below reporting thresholds we might never know who it was and why they did it the way they did. But it's still very interesting / fun. And also exciting to think that for some of my fellow shareholders, it could be the start of something that truly is life-changing. That's a pretty special thing to be part of even in a small way -- lots of people never experience it at all.
Agreed Takingmytime. That’s what makes me think maybe something has leaked and there is little time to be stealthy. Next week may be entertaining. :-)
"It’s a bit unusual for a big institution to buy like happened on Friday. They usually buy over a couple of weeks stealthily and then a tr1 appears and everyone is shocked"
Except it's still way below the threshold for a tr1, unless they've been stealth buying for a long time.
12 million shares is around 1/3 of a percent, right? It's a large chunk of money, no doubt, but it isn't getting anyone any control or any particular influence. It's the kind of buy you might see from a hedge fund / small-cap equity fund. Or maybe a private bank, to allocate across some of their clients (if the surge in NCM is related, this might be it, they'll have clients who want greater exposure to gold).
A stealth buy happens when you want to build a bigger stake. This investor probably doesn't want to go any bigger than the 12 million shares, at least not right now. You don't want to wake up the market if you are going to keep adding. This investor didn't care about waking up the market, which suggests that this investor is done once they get their 12M.
Just come in from removing horrible felt from a horribly hot shed roof.
I must admit Tom, It was like being one of those toilet cleaners who wins a packet on the lottery and then, when asked what he will do with his life, retorts that he will definitely keep his job going. It's not going to change him, no way. Cleaning toilets is all he's ever known.
Not me, I say to hell with this felt roof and anything that looks like a felt roof. If GGP continues to march I'm never going to fix one again. I'm just going to buy a whole yacht.
It’s a bit unusual for a big institution to buy like happened on Friday. They usually buy over a couple of weeks stealthily and then a tr1 appears and everyone is shocked. Whoever it is singlehandedly bounced the market up and paid over the odds. Bit suspicious unless you happen to know if you don’t get in very quickly then you lose. Maybe there will be an rns on Monday or maybe someone knows that they found something even more astonishing than we think.
"TMT are you out of your mind?"
LOL. Wasn't me who first suggested it would open lower. It could happen, but I also think we're heading up, not down.
Like I said, I'm also certain our buyer was an American institutional investor who didn't get all the shares they wanted on Friday. If that's the case, they'll be back for the rest soon. Maybe, just maybe, if American, they'll hold off until later in the day, or maybe even for a couple days, to see if it drops back again.
But I don't think that's what we're dealing with. If you are going in more than £1M, you do that because you think you're on a winner that's going to make you at least 20-25% (far more, in this case, I think), and you don't mess around with trying to save 1-2% on the purchase price, you just buy and get your hands on it.
That's what it looked like to me. This wasn't somebody trying to gradually pick up shares here and there without spooking the market, this was somebody who wants the shares badly enough to be willing to pay even above the current market price for them. So I think they'll be back on Monday for the rest of their shares.
I think something else, too. I think it will happen again. The professionals are starting to pay attention.
TMT are you out of your mind?
The SP is going to open up strong and explode in to the week
TMT hi,
Sounds cool to me and lets hope we can stay or get above the 10p. Just came in from my garden and wow its hot out there.
The board has become very excited and loads of good posts coming in and some newbies too and that's good.
That's it back out to the firing heat with a bit more sun cream on and a few more beers, great stuff.
ATB
Cheers !!
Tom :-)
@TomE
"Personally I believe the SP will resume back on Monday to the actual closing price around 9.4p and not the end Auction UT figure at 10p. (It will show up as a closing price but it is the UT price and not the actual normal trade price as we know it as)."
That crossed my mind, too, but I'm not so sure. The buyer wanted 12 million shares and got just under 10 million. If they come back for more after the weekend, that's a buy of 2 million shares that's going to be hitting.
And the MMs likely don't have any left after yesterday.
Many looking to take profit above 9.5p will now be taken out.
Anyone still short will be scared and most will be looking to close out their short positions.
You could be right, but if our buyer still wants his other 2 million, and maybe if he doesn't, I think we'll stay clear of 10p. News is coming soon, it's a bad time to be getting out of this share.
I think it was an American institutional investor. The share started to move not long after they opened up in America. Might have been one of the groups in that NCM II meeting a while back. The debt guys told the equity guys, the equity guys did their research, and boom, here we are.