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gg19
''Good luck with your casino level exposure to this one. You have more guts than me my friend''.
Nothing to do with guts, just fully confident of my investment in GGP and not prepared to let such a ''once in a lifetime'' (IMO) opportunity to secure my family's financial futures pass me by. ;-)
ATB.
Matty Boy 1965 - My remark was really just a sarcastically friendly response to the memory of 2018.
It was truly a day of agony, but we live to fight again.
Good luck with your casino level exposure to this one. You have more guts than me my friend.
Hi Djingle - back to your earlier post about commitment to GGP - not being critical at all here just different viewpoint.
When I bought GGP shares - my commitment is to me and my family - not to GGP - I liked the potential I saw, of course want to see this company grow and the value of my shares grow.
I don't think anything I have ever done has helped GGP - although I guess if nobody buys the shares - eventually the company will crash and burn.
I would call my investment "speculation". But investments are supposed to grow - but can shrink so realise this is why they are called investments.
When I saw a crowdfunding call to help build a distillery - long ago closed down - I bought shares there - now to me that is an investment - as I was there at the start - putting my money along with others to build assets and a company.
They then had another raise and I bought again - and again I consider this an investment - the money I paid for the shares is used to create jobs and buy materials to build something - and this will become the companies assets - and it gives me great pleasure - and I don't know if I will ever get a return.
GGP I bought shares from the market. GGP is using the monies from initial investments, placings and warrants to explore for gold, and will now also invest in the Haverion mine building an asset and creating many jobs (drilling exploration also creates jobs and hopes to find assets).
I already have paper profit from my purchase in GGP and I think I'll have a lot more in a few years - not guaranteed.
Just my musings. Amount of shares help or money spent to purchase is different for everyone and relative to their circumstances. I don't spend a lot of fast cars and other pursuits - I put it in here - hoping to help my family. But it is risky.
It's also very easy to become to attached to a company as I have found - not getting out if things start to go south can be very costly - and can easily happen on AIM on companies with Lifestyle BOD's - luckily we have not got one of these here.
Wow! really didn't expect the responses.
Many a wise word spoken thus far. Yes I totally appreciate the difference of investment from one to another carries very varied commitment. And totally appreciate that £50k and £5k can mean the same to different people.
GLA
And don't ask about loss of profits Djingle - as many are saying - it is commitment surely for those of us now sat on 6 and 7 figure losses in profit when we could still sell and bank plenty of profit, some may call it greed I suppose.
Of course - I know many bought in 30's and are sat on capital loss but I did too with the initial covid crash and then being a new investor too - wasn't worried back then, forget about now after the many sets of astounding results we have had since :-)
You either believe in the fundamentals or you don't in my opinion.
My own little investment in GGP is just that - little - but I feel it's important to also update this thread with more modest investments to show that we do exist and this share isn't simply held by those who hold millions of shares and can afford to pile tens of thousands into investments.
I came to GGP late and currently hold 25,000 shares at an average of 23.13p; the eagle-eyed among you will have spotted that makes me underwater at the moment, but I'm supremely confident in this share and have no intention to sell any time soon.
I would of course love to increase this holding significantly, but unfortunately I fall into an age bracket that is typified by modest wages, high living costs, and insanely high rents, so any spare money to invest is extremely (and painfully!) limited.
Speedy. It is but a moment in time. We can only learn from the past what's important is the journey ahead. I hold as I believe with the information available that my own forecast sp will be reached it will take a year or two but with each day I'm more confident not less. Glh
Hi SAS. I am not declaring the size of my holdings here but the profit from 0.07p softens the blow from the fall from ATH. Only sold a few on the way up to cover the cost of bubbly. In 2/3 years time we will all be bathing in it (maybe) ATB Speedy
Hi Tymers. 2 mins? as much as that? ATB Speedy
Speedy. Once again I agree and trying to look ahead at least 12 to 24 months. My only focus is as Newcrest have presented $1400.00 and Aisc of $800.00 if in 2 years we have $2000.00 great but as we have a 25 plus year mine life every investor will look at different points in time mine is 2 years plus. It seems some are 2 minutes plus. Best of luck
I bought in relatively early - but not so early as many LTH - April 2019. I have bought all the way up - stopped at 8p which was an error. My highest buys were 33.5 - bought on morning of Scally RNS. Have not sold any at all and happy with my holding. I will probably buy more - I have some investments in other juniors - and if I get quick decent gains - will sell and put here. My buying prices in order of purchases
1.68/1.85/1.72/1.70/1.65/2.58/3.55/4.86/8.24/5.19/7.43/19.48/21.95/22.71/22.7/22.7/29.39/29.35/33.48/32.8/21.27/20.8.
I have always said on this board long term investment and patience required.
I bought in 30's as was frightened I'd miss the big hit at Scally - got carried away. Have since researched and realise we were hugely fortunate to hit early at Haverion - and I do not think we will be so fortunate again - but hoping I am wrong.
Yes I agree with Welsh Falcon Dingle - I had the funds available to buy in heavily with around a 4p average in Q1 2020 mostly with a smaller purchase when we dropped due to Beetham selling out last year during summer I think (?) , whist some will have been building up to 1m plus size holdings buying monthly using surplus money from wages etc.
I'd argue that in both scenarios the buyer is 'committed'. Also my near £100k capital investment might feel more like what £10k does to me for someone who is really really wealthy.
I'd advise you invest to a comfortable level based on your OWN risk profile instead of trying to establish an 'average' level of commitment - too many variables to consider bud :-)
sandgrounded - Spot on, I know many LTH's are down well over 7 figures since ATH's but are still well up 7 figures on their original investment. Two to three years from now will see most of those LTH's up by 8 figures. So yes they are showing 1,000,000,000 % commitment.
You're not the first one Matty and I doubt you'll be the last!
You could also look at it from the other direction. How many bought in early,held at 38 p and still hold whilst having a large paper loss on the high point!
I was down over 450,000 gbp, from its high, but I am still holding. Many others are in the same boat. Is that not commitment to the company as well?
Good point calamari,mine is not a "big" investment but when it comes up trumps in a few years it will help our retirement to be a bit more comfortable than it would have been.
Hi Calamari. I opened that bottle and it was rubbish. ATB Speedy
Hi Tymers. The POG, in the short to medium term, has a very small effect on our SP. What really interests me is where the POG will be in 2 years when we start producing. When the banks are out of their short positions we should see a dramatic rise and a massive increase in our value. Mix that with Bamps and his estimations on volume and we have a perfect storm coming our way. This is not a ramp it is just the way i see things developing. ATB Speedy
Hi speedy. I agree but we loose sight as Paddy noted other minerals that Haverion has presented to us and are key to shareholder value. Again I'm not under valuing other than I am in control of my investment decisions not pog price and or GGP sp as such not concerned about today, tomorrows Gold price. Keep the faith holders
MadMag
Well spotted, as I hadn't even realised myself.
Yes I meant NEWMONT of course!
(Lack of sleep due to caring for an elderly father 24/7 with Vascular Dementia and Alzheimer's!)
Hi Mattyboy. I think you are missing the point of gg19s post. It was Newmont that walked not Newcrest. Easy mistake to make, not all can even spell the name of our mine or our CEO. ATB Speedy
Mattyboy,
I think GG19 was referring to the fact you put 'Newcrest' and not Newmont. Not really sure why he couldn't realise this simple mistake himself.
Dingle, your focus on only one metric doesn't produce a meaningful result.
What of those (as I am) that are actively managing their portfolio to best effect? I have had a 6 figure investment (cash in), but have made a decision to reduce. I retain a very healthy 7 figure number of shares on a 'free carry'. They are going nowhere, ever, at all. I will wait out and happily take an income from dividends whenever they appear.
I still buy more using dividend income from other stocks in my portfolio and actively manage these to come back to a free carry (currently in buying mode for obvious reasons).
My original investment is now being used elsewhere in a similar way.
My aim is to double my GGP holding over the next 3 years or so, keeping to a free carry. This fully utilises the cash I have to invest.
So, you would count me in your less that 1p pot, but this doesn't show the commitment and real investment that GGP is to me.
Hi Djingle,I came very late to the party.I only have around 135k shares since starting to invest around last December....yes at 36p in a share account,but Ive averaged that down to about 22-23p now.I also have a sipp (average just over 20p).So just under 30k.I read all the relevant posts on here and read other relevant websites and took info from them.There is enough info out there to make an informed decision.I took the decision to invest in GGP and will hold for the end rewards even though I'm in the red ATM on 1 account.All good things come to those who wait!The wife has just opened an ISA .
gg19
Totally, and it certainly was!!
I was wracked with guilt at having ''p i s s e d away'' the inheritance that my dear late Grandfather had worked hard all his life to leave me, but decided it was a now ''**** or bust play''.
Borrowed money (yes I know!!!) to average down and luckily it has paid off (so far).
Down over £350k on paper since the pre- Christmas ''high'', but still 1,762.22% in profit so can't complain!
(The rest of my portfolio is a total ''train wreck'', so if it wasn't for GGP I'd be stuffed!)