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Found Mercedes excellent post. It’s very hard for many to be a wolf. I have been here. Not sold one share. Tempted many times to top slice when I think there are peaks, but have never done it, the fear of making a mistake and having to buy back higher stops me. I regret my cautiousness when I started buying GGP at 1.6. I researched, and listened to some on here, but previous bad experiences.made me cautious. However this has exceeded my targets and I ma extremely fortunate and have no complaints.
During the last couple of months I have been investing in other juniors. Possibly will also be a mistake. Should have gone here.
Mad thought for the future. If we get good results from initial drilling on new targets, we fund raise and do a large drilling programme ourselves. Then we move from being a potential take over target to a company which can merge with a major. Mad thought.
It's much better walking alone in the right direction than following the herd walking in the wrong direction.
Not always easy to choose the right direction - sometimes its very personal.
However, a wolf lives his life by his own rules but it could be said that the pack is the wolf and the strength of the wolf is the pack - what about the wolf in sheeps clothing ?
great post
Vaneck had no choice. Mvis run an index that they added ggp to so any tracking it have to buy.
This is all well and good but what i want to know now is where is the value for VanEck here at 27p. Clearly they see this as cheap or a buy for value as they wouldn’t have bought in, surely?
Where does, say a 10m oz resource at Hav get us with our 30% stake and why? Or 15m oz and so on.. I’ve been involved with numerous valuations on this in the past but can someone summarise this for us???
Great retort. I have held my little fortune in my SIPP for years now. Let them sit and never expected this. Have built up a wee fortune. Enough for the rest of my life . I retired at 50 anyway and still have not touched my SIPP due to the generous hand outs from Turkish banks!!! 56 years old no mortgages. What do I do next??? Elise help
with over 50 likes and counting,
Thank you Mercedes, covered everything thats been going on here last couple of days, nailed it!
"Im going to write this post, and its not going to be popular, but i dont really care, im not here to make friends, im here to make money.
I've just caught up on the last 400 posts and have gone from being very happy, to really quite annoyed. Im annoyed because some people need a good hard slap of reality about how "investing" works.
All this talk of "its criminal, how can they do that" sounds like sour grapes, im sorry, if you sold, if you got spooked by the drop, tough luck! there are two types of "investor", there is the Wolf, and the Sheep.
The Sheep (this is the 70% of people who lose money you always hear about) blindly follow what the crowd is doing (made up of mostly the other 70%) they do minimal research, take everyone's word as gospel, and are terrified of: a) having to make decisions themselves. b) losing at anything, c) having to put themselves in the firing line. Im sorry you didnt see the signs, you didnt listen to people like Paddy, Hydro, Micky, Magictrades, Bronze-age, and others that have posted sound, factual information for months, nor did you listen to the Broker notes that stated CLEARLY that Havieron was worth 17p risked and 27p un-risked, you failed to see the fact that the deposit had doubled since said broker notes were released and ignored the calls of 35-50p, and you ignored the repeated statements that GDXJ would have to buy the shares either at the close of today or on Monday morning, no front running, no secret stashes by the MM's, they did what they needed to to fill the orders.
Instead the Sheep listened to the subtle de-ramps of people who miraculously appeared here in the run up to the GDXJ inclusion, who were all to happy to chat all day about how 24p was a good time to sell and pay off some bills. Sure, right...if Paddy had said it, i may have listened, but not these tourists, some of which are probably MM's sowing doubt in order for there little plan to work these past 48 hours. Well darn, you fell for it.
The other type of investor is the Wolf, a lone animal, who hunts based on his own decisions, he does his own research, puts his life on the line, and most importantly, makes his own damn mind up as to what this company is worth. Often the Wolf is outnumbered and has to put his wits to the test, if the masses dont understand it and the SP drops "so what,i know what its really worth". If the MM's need shares and want to play games "let em,lets see who can hold out longer". The wolf knows he is going to win the fight, its just a case of how long it will last.
So im sorry, i have no sympathy, you got mugged, a lesson learned, the question is, will you be a sheep and cry about it, or become a Wolf, and get ready for the next fight?
Believe me, there's another one just around the corner, you going to sell off next week because the sheeple do, or because a few have said it might drop, or you going to fight to hold on, and reap the rewards, Scally results,Broker notes at 35-50p, Goliath resu