Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Goldenl, yes when Covid 19 caused a serious drop GH was straight in there with a nice £50k ( If I remember rightly ) buy to reassure the market. It did the job and shows when under pressure he holds it together.
Thank you panama - I appreciate the sentiment
Cheers Dodge, now you know why I research as much as I do, but the research is pretty much done now and Havieron can look after herself IMO.
Endgame - any of your suggestions would be palatable - personally I've always said I'd love for GGP to stay as a minority partner in Havieron and watch the money roll in stress-free for the mine lifetime - that all depends on that option being acceptable to Newcrest though.
If Newcrest are to buy us out then hopefully it will be after the farm-in has completed and we all know pretty much exactly what we have in Havieron so we get fair value for our share. I don't mind waiting another 12-18 months.
Paddy
Wow Paddy...and I hope it's OK to say, that from all the help you have certainly given me, well deserved!!
Some holding that is Paddy - congratulations mate.
What do you consider the end game to be?
MRE?
Hav buyout?
Scally assays?
GGP buyout?
FTSE & Divi’s?
Well done Paddy - good story.
Does show how important PERSON is - GH - and your ability to have sensed the integrity shown by the BOD.
All good when things are going well, but true sense of character when there are setbacks.
I've been in since September 2017 and it was my first foray into penny shares after hearing it mentioned on the PMO board (GGP has a bigger MCAP than PMO now). I was sucked in by the Newmont situation and I think I had about 20K invested at about 2p average. When they walked I was going to cut my losses but when I heard GH's interview with Andrew Scott something in his voice persuaded me to stick with him.
GGP went from 2p down to about 0.6p and through that summer I sold up most of my ETF's and bonds and averaged down massively in both my ISA & SIPP. I have been buying with my monthly allowance every month up to last April when it seems pointless adding another £500 each month.
I've got about £180K invested at an average of 1.32p which gives me just over 13.5M of these babies and am very happy to say that GGP has made me a paper millionaire. I to have changed my top slice targets all the way up from 5p, 8p, 10p and took my 12p sell off last week. I haven't sold one in the 2.5 years I've been here.
I will definitely sell some in my ISA in the near future but the rest in my SIPP's are staying put for the endgame.
Looking forward to seeing what next week brings, Onwards & Upwards - Paddy
I don't know what qualifies as a long term holder on this board - is it someone who bought before Newmont walked and still holds? I have been in since December 2017 and have taken out £440 profit on this share when it was under 2p. Won't be a millionaire with my holding but GGP is very exciting to be in (as long as the share price keeps going up!).
Kudos Aquazi...a cool 750k and still holding up! Quite amazing some of these stories. So looking forward to celebrating and putting faces to pseudo names in the Stag on the River. Onwards & Upwards!
Some interesting patterns and similar to my sentiment!
I bought my core holding in 2017, had just over 5m shares. When NM walked i though screw it... and bought another million shares @0.8.
Since then sold over a million mainly when it spiked to 2p on the NC announcement...
Planned to sell the lot at 6p - at a healthy 250k profit.... after a tense few days bottled it - which worked well as it turned out!
Then though i’d sell some at 10p.... but that came and went so quickly that i think my next target is 15p - which would be a cool £750k - but who knows if i will go ahead with that!
Cheers Schlemiel, balls or stupidity, it’s a fine line. Did all the things you shouldn’t do. Emotional attachment, little research, all AIM, not taking profit, no diversity in the portfolio. Struck lucky with GGP. Slightly “emotionally attached” but trust myself to make the right decisions now, rather than listen to the gut.
Well as we are all baring our souls .. I had a holding in GKP which if I had sold anywhere near the top would have netted me £400,000 . But like a lot of others I didn’t .. and ended bailing out with the same amount I started with. Don’t know if I have learned that lesson yet . Just hope the same doesn’t happen here ! Don’t think it will mind you !
Dm - It takes balls to lose that much and then come back strongly through investing in a penny stock. I hope it all comes good for you and indeed all who have had the courage to buy and profit from that..
@Knocky
Mate, if you aren't sleeping it's not worth it.
Stay in, sure, but take some profits and get a good night's sleep for once. Lots of rich people are miserable, why ruin your life trying to get there?
I've sold out of a lot of shares before the peak. You're way beyond what you thought you'd make on this, so take a little bit of it! If you are that nervous you need to de-risk a little by taking some profits. It's no way to lead a life.
Keep enough that you won't hate yourself if it goes to £3, and sell enough that you won't hate yourself if it goes to 3p and never recovers. Life is too short.
Cheers Matty, and good luck to you too...
Dodgemeister
That's one hell of a drop!!! (And I was worried that my modest £150k Aviva pension pot had lost £16k!!)
I think that GGP has proven to be a 'saviour' for many and truly believe that this year is going to be our year, and GH will definitely be getting a card from me also!
Good Luck!
MB
Still jittering along with you Knocky. It will never entirely go away. Just feel a bit better but keep on with the Nytol and red wine until monies are in the bank one day!! Couldn't bear to lose it all now!!
Similarly Matty, my pension pot was decimated by poor picks and naive choices. Changing from standard L&G pension-saving to self-investing saw me take a 30 year £230k pot down to less than £50k. Staring down the abyss. GGP has literally saved me and the pots now north of £500k and looking forward to a decent retirement like you.
GH will deffo be on the Christmas card list...
I'm still in the Gatwick FLUSHER you never know they may just drill up some GOLD while searching for HH3 or whatever number it is now and make some real money :)
You may feel less jittery Panama, I don't. Haven't had a decent nights sleep for months. Still, looks like you have a full time job answering everybody's responses. Will toy with top slicing tomorrow. As I do every day.
Haha! Doge..Gatwick Gusher. Fab!!
Wow! Matty amazing and so honest. Thank you! Your risk strategy and holding fire is hopefully derisking by the moment, and faith will hopefully fulfil all of those aspirations.
I have always in the past, been able to trade with monies I could 'afford' to lose if I had to; but no longer is that the case sadly, so this is a risk albeit I hope not a major one now the story has evolved.
The reason I asked the question was to get both valuable insights and truthfully, what reassurance was possible to give. You have all come up trumps and I genuinely feel less jittery.
I know there are no definities in life, but this one feels good . Let's hope we are all right.ATB
panama
Been here 6 years in July, and have never sold a single share (even after Newmont walked) although I did top up after the massive drop that followed (to average down, with borrowed money which was admittedly a further risk) in the hope of recouping my, at the time, substantial overall losses across my entire portfolio (as all my other stock 'picks' are complete 'dogs'!!).
The 'gamble' has so far paid off and the initial objective of recouping every loss ever made to date across my portfolio achieved in full.
I personally will however be staying the course for either the full T/O (hopefully for a life changing amount) or proceeding to mine with an annual dividend.
The dividend option would be my preference as not only would my investment then be providing me with an annual income (tax free, being held in an ISA) sufficient enough to hopefully live off of comfortably for whatever days I may have left, but with the cash value of the investment being held within an AIM share (and having been held now for well over two years) also being available to pass on to my family totally free of any IHT!
Now sitting on a very healthy £200k profit (on top of my overall £22k initial investment) with absolutely no intention of selling 'a bean' and although that's an awful lot of money for me (far more than I've seen in my life) I truly believe the potential upside going forward to be so much more.
As already said this share will hopefully provide a modest but comfortable retirement going forward and opportunities like this don't come along often, if it at all, and rarely more than once in a lifetime IMHO.
I've always viewed this as a '**** or bust' play which even should it (unlikely as it is IMO) drop substantially, would probably see me no worse off than when I started.
However, should the SP hit the dizzy heights sometimes mentioned on here it could be life-changing for not only myself and my family, but my 15 year old nephew and his future family also.
The risk/reward is therefore one I'm willing to take.
In the end only you can decide what is best to do for your own circumstances, and good luck!
MB
FWIW, my GGP story started with the “Gatwick Gusher” (cringe) and I put some profit from that into GGP on the recommendation of a friend. A couple of million for the bottom draw. Built up my holding to 3.7m in my SIPP and 500k in an ISA. Pretty much balls deep in GGP now, ironically with the UKOG holding now firmly in the bottom draw.
Not sold or traded a single share and don’t intend to until the end game is revealed.
tHX EAW. A fine amount you hold! ATB