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Another essay from RA crikey
Hi Alreadyinuse. It will fly overnight just not sure what night, keep the faith. ATB Speedy
Yes am invested and hope you're right but I'm thinking of those who expect it to fly overnight
17.24 - TMT, nice summary, matches my thoughts
Hi Alreadyinuse. I refer you to my earlier post, 30% of 20mozs with AISC of $200 with POG@$2900/oz just for HAV. A dream or reality? make your own mind up. ATB Speedy
Already.. i hope your not invested here if you think its going nowhere..Don't think there will be a buyout of GGP but probably HAV.. MRE and updates from broker's plus NCM have there meeting coming up next week..So I think there is a lot upside coming here and will be going up alot more
Speedy sorry for off topic but when do you expect tally to list
Gold explorers are "gamblers' shares". Many people who buy them are looking to get in cheap and make a big killing. Some of those people are dropping out of GGP and looking for the next big thing. New gamblers are looking for the next GGP because the chances of a ten bagger now are remote. Those people are taking their money to our Paterson neighbours hoping to hit the next Hav.
We're somewhat transitioning right now into more like a mining share, rather than an explorer share, because we now actually have a big asset. It's a different kind of investor that will buy GGP now, people like me. But most of that type of investor are still thinking, 'Explorer.'
Basically, the 'gamblers' are starting to move on to bigger gambles and the 'investors' are left. But new investors haven't caught on yet, that we aren't just an explorer, we're an explorer with a huge find, so big that we might even be forced to become a miner to get proper value out of it. That will draw a different kind of investor but few have noticed it yet.
Yes agree but we are now talking from 14.0 to??
Hi Alreadyinuse. So a rise from below 1p to 14p is going nowhere, looks bleeding fantastic to me. ATB Speedy
"It ain't going nowhere till gold comes out the ground or buyout."
This could have been said 6 months ago and is likely to be as wrong now as it would have been then.
Assessor, 9 not 8 oops
Or MRE, or Scally or .......
It ain't going nowhere till gold comes out the ground or buyout.
Hi RationalAssesor. 8 for, 11 against, please come up with another 4 for, that will get the sp going. ATB Speedy
LIke many on this BB, I find myself amazed that GGP retains such a low share price. Like many, I've done my research and can cite many arguments why it should be greater:
1. Back of fag packet calcs of MRE for Hav in the light of results a couple of weeks ago would suggest a share price much greater than it was 4 weeks ago, which in itself was considered low.
2. Risk against Havieron is decreasing significantly by the day.
3. Price of gold has increased substantially and there must be a medium correlation between POG and GGP SP. All the so called "experts" are predicting POG to continue increasing.
4. We're about to start exploring in earnest in Scallywag with 4 prime targets. If CB and GH have identified "the formula", these promise to be significant finds.
5. We've just "won" the licence for Rudall which promises similar geology to Hav.
6. We have a competent BoD who have significant interest in getting that share price up.
7. In Panorama, we have the potential for significant Gold and Cobalt.
8. We have other tenements which could also prove significant finds including Ernest Giles, Firetower, Bromus and Warrentinna.
9. Other stocks associated with Gold appear to all doing well.
I'm sure I haven't listed all the positives. So we all ask ourselves what is there not to like about GGP and why aren't more folks investing and driving up the SP?
So what holds the price down (apart from MushroomKid's elastic band).
1. Current broker's price has been met so folks feel that there is nowhere further to go. Broker's note needs updating.
2. The significant increase in the past 6 months has accommodated all of the possible increase.
3. There are other opportunities out there which will pay back more and quicker!!!!!
4. This exploration company has a market cap north of £500M and it can't get that much bigger.
5. There is still risk associated with Havieron - share price would crash.
6. SIgnificant Institutional Investment has not yet been made - see point 1.
7. We don't yet know how large Havieron is 1million oz or 20 million oz. Current Broker has around 4.4M I believe.
8. GBP to $ exchange rate increase has negated some of the Gold price increase.
9. Warrants being released to the market providing supply of shares.
10. Involvement of day-traders creating wild swings and scaring off LTHs
11. Market makers are keeping the price low.
FWIW, I'm bullish on GGP and reckon that the positives in the first list will far outweigh the negatives and am following Paddy's advice and sitting on my hands. I'm convinced that the negative reasons above are either completely incorrect or have a finite life and we shall see GGP get to its potential as each of these "reasons" is retired.
Roll on MRE, Scallywag exploration, completion of phase 4, decision to mine, Broker's note, exploration of other tenements.
Apologies to those who don't like "essays" but I felt that it was needed to try to identify what is keeping the price d