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Yep, as per what I posted thanks to GGP currently semi-retired as I find my work interesting enough to not mind keeping doing some of it. Nice to have an easy income too. Pulling the trigger fully next year. Right time right place.
As for chart savant I wish.
petejh first post in April 2020 below…did you end up retiring? Buying 3.5m shares on a credit card then becoming well versed in mining p/e ratios and sustaining costs (not to mention a chartist savant!) is the stuff of legends, my friend. How is your friend of a friend, btw?
“Long-time lurker here, first time posting. Have been in GGP since 2018 with 3.5 million shares at an average of 1.5
Lovely to watch the story unfold and reward my approach to risk. Bought a load on a credit card back then. Haven't sold a bean since. This represents life-changing money for me, if it goes to 20p then I can semi-retire in my forties. I'll be holding to above 10, after that the nerves may start to jangle! Or maybe not, depending what the results suggest. Just a thanks to the sensible ones on here for your commentary over the last couple of years, you know who you are.”
Btw I also traded this when it hit 16p a week or two pre PFS; as technically it looked good to turn up. So bought more at 16.3 and sold all those at 22.3.
Only I time I’ve really traded it because it was a very strong chart signal.
KnP. Good post and questions. I bought in 2018 at average of 1.5 and held 3.4m shares up to the high of 38p. When my shares were worth a pretty million plus a bit. I watched it drop post scally and sold around halve my holding in the high 20s. Reinvested that money into some other good companies in mining/commodities which themselves have done very well. So the gain from GGP, while not as huge as it might have been, has been put to good use elsewhere while I still hold 1.4m shares here. So I don’t feel bad about the paper loss from 38 although in hindsight it was obviously overbrought on the charts in the lead-up to scally and a definite sell.
I think a lot (most) people on here don’t fathom how long it will take for GGP to make massive profits and this be re-rated. And also that they’ll likely own 25% of a very large and growing deposit, plus a wad of cash from the sale of 5%. Until major revenue from bulk mining, the market will value accordingly. It’s useless listening to rampers saying GGP is worth 50p prior to major amounts of cash-flow. They don’t understand the industry or, worse, they do and they’re being deceitful to fleece others of their money. Long term hold, or hope for buy-out, is my attitude.
The two regrets/disappointments I have is not keeping my original amount of shares in the region of half a million at 1.7p just before the earnest Giles let down. Sold out at 1p or thereabouts. My second is not being able to access my account due to having a stroke in November 19 and not remembering my ii password till sometime towards may. When I did manage to get in it lifted my average to 9p approximately.
I had my finger on the button to sell at about 38/39p but didn't.
I'm still up so I'm still happy. Spent years waiting for Solg to prosper so I can spend years here.
Keep the faith.
Most of us hope that we will. However we will have to be offered an acceptable figure for our shares otherwise. In theory, anyway.
Afternoon All
Disappointed... yes of course. Hindsight can be so wonderful and yet so condemning.
Frightened and Worried... not at all. Not in the slightest. Infact I have been adding since the downfall beginning of the year. My belief and faith in ggp only gets stronger.
I'm not a trader...not good enough. Don't have the time or courage. If I was I would probably be holding a lot more shares.
However I have enough. And as a family we have plenty.
I understand your frustration. Its human nature to look at your paper loss. And yes I'm aware of ours approximately. Its sizable. But so are our remaining profits to a degree. The best is yet to come. That I'm pretty confident about.
Keep the faith.
ATB
Regards
Coach
Matty well done for having the foresight, must be very comforting. GLA
''How do you all cope with this huge paper loss?''
Personally I try not to think of it as money as such and what it could buy (hard I know) but try to see it as just 'numbers on a score board' (my H&L ISA Account).
Down some £450k since January's highs on paper, but still up over 1444% as of today on my total investment (been here since 2014) so I suppose it's a bit easier for me than for others on here.
They can fuk with the sp all they want, personally I'm not going anywhere and eventually (who knows when) we'll be enjoying either the fruits of a T/O (at hopefully many times more than today's SP) or tasty ongoing annual dividends (my personal preference)
(this blatant manipulation still gets to me at times admittedly though!)
HFG!
Afternoon Knocky. I think your thoughts probably mirror many PIs who dont post on here. Its magnified when you calculate what you could have had if you sold it all at the high. But that wouldnt have been possible so park that thought immediately.
I am certainly disappointed but I am equally certainly not frightened or worried. If you are, then I think you have got yourself overexposed.
Maybe your are thinking about the value of your shares and not the opportunity going forward. I try to invest based on the opportunity and not the sp, the p&l or the sum of money. So while the sp has halved this year the opportunity has probably doubled. The high price of 38p was almost certainly too high for what we had found at the time. SPs in smaller companies get overextended on the way up - and on the way down. We had a long time in the 1.5-1.7p range when dear old GH was producing great proactive videos, scratching his head. SD is probably in the same camp now.
In the end it will probably come down to your risk appetite and how you see the risk/reward. I am totally relaxed about GGP and NC and their ability to develop this monster. My concern, if I have one, is the gold price but I have a cast iron guarantee from speedy that he has that sorted!
Dont forget PIs always get bullish at the top and bearish at the bottom.
Bish Bash Bosh!! Brilliant.. we are so mightily popular:-) There's your answer Knocky. Noone knocks a bad stock so ours must be brilliantly worrying
GLA- Keep the Faith
Simple answer to that is to ask you to name any one of those, so called, million companies, that bear any resemblance, whatsoever, to being "like" Greatland Gold?
Let's see which poster rises to this eh?
Z
Or, like a million other companies like it, it'll go into administration by 2023 and you'll have nothing left to show.
Such naivety on these boards.
For newIsh investors like myself who was late to the original party this company is perfect. Look at what ggp has. You can buy in to history for over 5 shares for a £1 absolute bargain if you have patience and free funds. When I first bought in I never thought I'd be given the chance to turn a few hundred in to a decent holding of shares at these prices This is the one share I'm not worried about imagine in ten years time. I'd have a different mindset if I bought for peanuts and saw big paper losses but that's all it is. Red on a screen. The games not over until you hit sell. Everyones situation is different but for me it's happy days. Even if I don't see ggp forfil it's full potential my kids will
Great post Jersey. Agree wholeheartedly.
Hi KNP.
If you are a LTH, presumably you are sitting on a paper gain and the only perceived loss is against the all time high to date? I am not qualified to give advice but suggest you take some to mitigate future CGT. Better at this point than down the road when the SP is higher.
I suspect your angst is down to the benefit of hindsight. Everyone here wants that, but none of us have so you are in great company.
If you need some fundsxnow, reflect on the profit you have made on that element. Be thankful you boarded the train early. Congratulate yourself.
Decide how you want to feel about the outcome and look for reasons to back up that feeling. Investing can be as much about the game within yourself as the external game with the market. When is enough enough and why? One of my biggest lessons on this journey is self realisation and what underlying factors underpin my attitude to money. We all have regrets in life but I really think investing and holding on here, will not be one,of them if you give it time.
Hold strong
ATB
Question I have:- If you had bought shares pre-January 2020 (especially in the 1m+ range then if GGP SP had ticked up steadily over the past 21 months to a 17-18p then would you be worried ir complaining about your investment ? And would you still believe the fundamentals and the reason you invested in GGP ?
A lot of those invested at the low prices (pre-jan 2020) do actually have large paper profits; but on the flipside there are many who post on the board sitting on real paper losses.
We're all here for the same reason, so I'm sure with a bit of time and patience then we'll all get what we want from the share.
GLA
Hi KN i am still here but rarely post as cant add anything of value & dont want to get into some of the squabbles that can be on here.I Still hold & not sold any & whilst frustrating this past year i still believe we will surpass all time highs & beyond.
Good luck to all whichever route you take & i remind myself not to get greedy & maybe cash some in at some point but we will see
CodeJunkie - And therein lies the problem with online trading / investment sites. You can check your shares whenever.
As Benjamin Graham says - Looking at share prices is equivalent to spending the whole day asking people what your house is worth, and if someone says its worth 20% less than you think feeling you should sell it
Morning Clairabella. If we are to believe we are sitting on 20Moz, then £1/share is indeed possible for GGP shareholders alone.
Question is (for me) will GGP still be in Hav by then?
Z
Being fair. AIM is run like the Benny Hill Show - the difference is Mrs Whitehouse use to keep Benny Hill in check, AIM has no such oversight.
Basically its a load of sh*t. Doesn't mean I selling anything, when you're in it, you have to accept the crap and just wait it out. Be nice if someone with a load of bunce came along and started matching their sells just for fun though. :-)
I don't think there is a much safer place for your cash - whether you can go off and invest elsewhere, make a quick buck and come back in time is anyones guess. I'm not underwater with GGP, but haven't made a fortune either - but considering what else is on AIM, there are very few safe havens - I'm not a rainbow chaser, I invest and leave - add when poss. So the MM & Shorter idiots can play all the games they like, I'm happy where I am and ain't moving.
I guess if you've invested with money that you need then thats a different scenario. I'm lucky that this isn't the case for us. So its just a waiting game - whether thats 3 months or 5 years, uninterested. I do like a good blue day, but red isnt't the end of the world...
turn off. come back next year if it bothers you.
Hi KnParker,
You declared a very large holding in GGP (probably in the top 10 of PIs) with a low entry price . I can understand that you would be disappointed and frustrated as indeed am I even with my modest holding which to me is a fortune. I hope you can hang on to your shares for a couple more years. Cheers MrEMC2
I do not think that doubling my investment from this point is out of the question. IMHO of course. Clairabella
Dumbpunter...IF...if you can afford to wait, putting what you put in @ 19p.....back during the embryonic days of GGP, would make an investor a very very wealthy person. It would certainly obliterate any profits you would be making at a later stage.
Maybe for them, not such a dumb punt eh?
Z