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OK ARE WE READY ?
Been ready for months. Problem is every time there is a rise it gets battered down.
The time will come when it doesn't but I can't see this news being strong enough to sustain the current rise.
Gla C.
It’ll only go up when the short is finished.
Aquaskidmark
Capitulation on all stocks soon ....it will be scary as hell...but all we can do is hold
This drilling should have been up and running weeks ago,however we are now moving towards getting a flow of assay results and hopefully good news in the coming months.
GLA
stock market is due a bear bounce, should be any day, and aqua, how do shorts get burnt if the sp wont move until they are finished lol
That's incorrect we can also add when the opportunity arises. Only a matter of time Greatlanders
Good to see the BB with less sarcasm and constant bickering! Gl Genuine holders
With their constant selling, even today, 100k sells, at 9.8 p, they surely are banking on another fall .
Oh yes. Just no meaningful content.
Same drivel, different day, from our resident market analyst.
GLA
Blantyreboy, in reply to your earlier post I’ve been wondering about the delay in drilling, could it be we’ve been holding back to conserve cash during the negotiations. It may be a signal that an agreement on the 5% could be near given today’s Rns.
Antigua, hopefully there is a positive reason for the delay as we could definitely do with some good results asap from exploration to boost the SP.
GLA
I don’t see any negatives around the delay, my view is that SD has possibly been cautious as exploration is expensive. He is very astute and well able to plan ahead for all contingencies.
He is the man at the helm and on whom the survival and hopefully development of this company depends. Let's hope he gets us there.
GLA
Nice to see Van Eck adding.
institutions now having to show there hand, just shows how much support out there, there is. bodes well for the future. just hang in there, or add, our day is nigh.
Glad to see Van Eck buying a few back. Hopefully this causes a headache for the shorters. Hopefully more and more will be bought, making it unprofitable to continue the short. Reckon double bottom at 9.4p then they give up.
As long as they continue to make a profit what makes you think they will give up. Just asking.
You cant make a profit from shorting indefinitely. It will be a case of ever diminishing returns. For a start the loaned stock requires margin and also attracts interest. The margin is like a deposit, and the companies active in the larger scale shorts have to weigh up if they are deploying (and risking) that margin capital effectively (risk reward). I would say not so, now at 9.5p. If you think logically, there are so many better opportunities of over priced equities to attack now. If you worked at JPM, wouldn't you be looking for the next big morcel, rather than picking over these dry bones with all the other parasites? There may be others shorting GGP too, but they will all be running in to the same issues. Like any industry, it will be getting crowded here and takings will be declining, risk increasing. IMO, the forum gangs are likely smaller players who are piggybacking on to the momentum of the short. You may well interact with them on various boards as different users.
Looking at JP Morgan on Short tracker .co .uk, look how busy they are. GGP is no more meaningful than any other stock to them. In fact it is one of their oldest shorts.
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