Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Thank you TMT for that, not long before MRE. Lets hope it exceeds all our expectations. GLA
Daniel, no one can answer that for you. It depends on so many things. If Haverion turns out to be as good as some people suspect and we get an MRE supporting that, we could blow through 25p before the end of the summer on our way to 50p or more. If it turns out to be no better than we have actually confirmed right now, we might never get to 25p.
DYOR stands for "Do Your Own Research". Since no one knows how much gold is in the ground that GGP owns, there are no certainties. It's all probabilities. You have to evaluate the probabilities yourself.
I think most posters on this board think the ceiling is higher than 25p. But most posters here are probably also somewhat biased. I'm in both categories -- I think it is higher than 25p but I also am somewhat biased. The shares are my wife's and she might lose her nerve before I would but I wouldn't want to sell them below 50p (unless the Board of Directors recommended an offer below that, then I'd follow their advice).
The market as a whole does not think that, though. If they did the price would be a lot higher. If you can only wait a year or two you may not get to that kind of price, though. No telling for sure but the real money might be in the Scallywag and that might take a lot longer than a year or two to materialise.
Thank you for the replies to my post earlier. I see that 25p has been mentioned a few times here (£1bn mcap). Is 25p the best GGP can do ? I can hold here for a year or two. GLA
@Tymers "Takingmytime no disrespect but GGP holders in main do not need to be told the blatantly obvious!!"
No disrespect but it obviously wasn't "blatantly obvious" to the person to whom I was replying. I wasn't writing for GGP holders in main, I was writing for one person who asked a question. If you look at the start of the thread you can see his questions.
And newbie investors who don't know these things should feel free to ask them and should get an answer in layman's terms. Part of the point of a board is to help each other out, isn't it?
Anyway, thanks for the compliment, if it was blatantly obvious then I guess it wasn't wrong!
Spratt1982 Yes agree mate, that's good advice got to keep a firm eye on what's going on at this stage with the SP..
GLA
Agree, do NOT sell on target price with this share..if that was the case i would have sold out at 2.5p!!..i didnt because I realised the huge upside with this share. Instead look at the momentum of the Sp and what is creating it...look at what the well researched individuals are saying, read the RNS's and articles, see who's is buying in to the unfolding story. IMO.
Takingmytime no disrespect but GGP holders in main do not need to be told the blatantly obvious!! Most are holding to acquisition details and confirmation of terms kv on Scallywag. No doubt the sp will be around 25p when this is confirmed but everyone to their own. GGP United
Your strategy should be based on what you think the share is worth. You should buy if you think it is worth more than the current SP.
Once it reaches what you thought it was worth when you bought it, then you reassess. If you now think it is worth even more than you thought back then, then you might want to continue to hold. If not, maybe it's time to sell and look for the next bargain.
You might also want to sell part of your shares when you reach your original target price, even if you now think it is worth more. That depends on how much you can use the money, how nervous you are about it, and how much more you actually think it is worth.
If your share has reached its target price but you now think it is worth a lot more, you can take a lot of the risk out of holding it buy selling part of your holding. Now, you've made a nice gain on that part of your holding, so if things go wrong on what you keep, you'll still not have done that badly.
But say you bought GGP at 1p, with a target of 3p, but by the time it hit 3p, you thought it was worth 15p. Well, you could cash out with a killer profit, but where else will you get an investment for 3p that you think will turn into 15p? So your target has moved, and you probably shouldn't sell. But if you think that your 3p is worth 5p, well, that's still a really good investment but there are other good ones, so maybe at that point you want to take some profit.
But when it reached 3p, if you thought it was only worth 3p, you should have sold.
Basically when you buy you make a guess at what you think it is worth, but then you really do need to reevaluate when it reaches there and say, "Has the target changed?" If it has, you probably want to keep holding at least some of it.
That's the general idea.
The other thing is to hope that a bidding war starts between NCM, Barrick, and Rio for GGP, and they end up buying the company for £3 / share. That takes it out of your hands! You take the money and look for the next winner!
Pick your own exit SP but there has been a whole lot of printing since this interview "last honest banker"
Worth a watch that have never seen it
https://www.youtube.com/watch?v=XuELup6F5Q0
$50K/Oz would be really nice :-))
To change the subject. Do investors here have a strategy wrt. SP exit ? I ask as I have no real strategy/goal wrt. SP (a novice investor). Do investors here set a SP limit to sell rather than checking SP daily (is that a 'kill order' ?). I have a SP in mind but only based on what I would like (e.g. 50p+). Also what would qualify a lth over a sth ? Sorry if these are basic questions. GLA