Member Info for antigua18

Whilst the situation presents a fantastic growth opportunity, there remains a rather large elephant in the room, what dilution will be required by our backers to go forward on a deal

As a partner locked in a JV with Newmont I would imagine discussions and intent will have been discussed. On top of that Sd hinting of a visit to London shortly?

Assuming the funding would be sorted, then who else is in the running given we have first dibs. Telfer will have to be wrapped up in the deal if Newmont expects to get rid.

All goes to show how the so called free market is rigged. The big players are covered on all sides and will engineer things to suit the bigger profit. Manipulating a share price is supposedly illegal, yet it goes on every day in front of our eyes and the crooks are five steps ahead of any laws.

Putting all the moaning to one side, what is the purpose of the shorts on GGP. Is it pure profit, holding purposes or a hedge by one of our insto’s or any other reason anyone can think of.

One of my big concerns is what happens if for some reason they won’t let go and prevent the expected Lassonde curve.

Thought this thread had run it’s course.

JD, I concede that you are correct on when shorting first occurred, however, we both know what I was referring to and that the first shorts and todays version are worlds apart. Presumably in the time before computers the physical shares would have to be handed over with full knowledge of the owners, where as today it’s largely done behind smoke and mirrors with the owners unaware or unable to prevent. This could be easily resolved if brokers asked what our preferences were rather than a default position of their choosing.

I gave an example the other day in which a hedge fund built up a large undeclared short. The same fund was a creditor for the targeted company and openly opposed any deal to save it. This clearly gave an unfair advantage as they had inside information.

My point being that it’s so easy for the big boys to openly abuse the system, leaving the Pi totally exposed. Although You would probably reply by saying something like tough luck, deal with it as you shouldn’t be swimming with the big boys.

Even you with all your knowledge and patronising tone, can’t fail to see what I’m referring to. As you seem to be the self proclaimed defender of shorting, excluding Tymers of course who is a legend in his own mind, please can you remind me what other advantages shorting brings to us other than your weak liquidity argument?

Taking this back to GGP, It’s such a shame Hydro is no longer around 😉, it would be an interesting conversation between the two of you about the shorting going on here and it’s effects, since the two of you have such differing views.

JD and similar characters fit into two camps, half of them refuse to accept shorting makes any difference, while the other half tell us it makes a market. They don’t have to agree for it to be banned, but should be mindful of the reasons some of us hate shorting and what it can do to good companies.

Shorting has become so popular over recent years due to the rise of broker nominee accounts, a huge endless amount of shares available to borrow from diy investors. Many of whom are probably unaware that their shares are loaned out. Any indication that a broker can lend shares out is more than likely buried in the terms.

JD, just for clarification, what is the blatant untruth you think I owe you an apology for?

Correction, and say they don’t understand the market

JD, it’s your business how you choose to make profit, but please drop the act that shorting is anything but bad for companies and shareholders. I’m not talking about people doing CFD’s making an informed guess or punt, I’m talking about big players like GS JPM etc that can move a company share price to get the advantage. Truth is, they very rarely lose.

They rack up lots of fines that barely cover their crimes.

I find it truly offensive that you try and tell me I know nothing and that I should be thankful for what they do. The old phrase , ‘don’t pi55 down my leg and tell me it’s raining’, springs to mind.

Fact is, if shorting stopped tomorrow the world would carry on, only with a few less predators taking advantage.

The people behind it kick and scream when the plebs, or perhaps a more appropriate word is prey, try and do something about it and don’t understand the market.

Agreed CCC.

I was in Premier oil when a hedge fund built up a 16% short over two years and forgot to notify the market. It was something like 155 times they forgot to declare. What made things worse is they were a creditor and used their position to block any attempts to renew their debt agreements when oil price collapsed.

The hedge fund was fined around £800k for their part, shareholders were wiped out and ended up with 5%

That was a huge learning curve for me and an example of a stacked deck in regards to the power of shorting.

Forgive my ignorance then, all hail the shorts, our investment saviours.

The markets managed for hundreds of years before shorting was invented.

Since successful shorting relies on value destruction, I’m at a loss to understand how the parasites have our best interests to heart and create the market. The whole idea of a free market is investing in what someone believes is a well run company or great product. Granted it’s a naive point of view, but that’s the message we’re sold by the regulators and governments.

Shorting is a murky world where everything isn’t as it seems and relies largely on secrecy.

That’s my simple take on it.

All shorting should be banned in the UK, full stop. It’s corruption at its finest. Robbing cash from private investors and the ability to destroy companies by spreading misleading info or inside information to control the share price. The very act of shorting is betting on which way the price will go, only it’s not really a bet, since the big players can influence the direction.

Also it’s totally unethical, borrowing other people’s shares to do it. How on earth is it in the best interests of the company or shareholders.

IMHO

If and when this turns I’m going for the big house rather than the car. Not much fun driving anywhere these days with cameras watching every move and charging us off the road.

I will stick to a nice fancy ride on mower, with go faster stripes.

I had a SLK55 and always struggled getting in and out with them being so low. Had to do a fat man roll to get out. I must have provided endless entertainment for the neighbours. God knows how I would get on these days, I’m twice the man I used to be 🤣🤣

The resource update will be underwhelming for most of us. It won’t be down to the company, but unrealistic expectations. How many times have we got carried away with ourselves and making wild guesses.

It will be what it will be, but needs releasing to market as promised. Regardless of what it says it will show a growth in resource, which is the whole point.

Well if it helps, my dog mentioned it this morning and he heard it from the cats, so must be true

SAS, In regard to your last point, it’s the reason SD goes out of his way to meet with us and do all the interviews he can to keep us onside. He is nobody’s fool and without our support the dream of GGP being miners would be over for the foreseeable. We have to give him massive respect in this, being asked the same questions over and over again. It’s hardly surprising he wants more institutions on board.

On the plus side we are a stubborn bunch and I suspect most will hold firm unless we get that eye watering offer. I’ve certainly not held for all these years with all the ups and downs for a poxy low ball offer. If they try that then they can stick it where the sun don’t shine.

Not sure it’s an over reaction, have you seen the share price. We didn’t need todays Rns! Completely pointless.

The FS timing could change again, especially as a new owner takes control.

The detail about the decline is management talk, that largely goes over most heads and could be simply communicated in one of SD’s interviews. All this update does is create more uncertainty and possible delays, even though it quite reasonable to expect there may be no delays at all.

Like it or not todays news has been used to give us a kicking.

Aqua, I’m the same, but you could be right that some might be offended by that admission, everyone seems to have the hump about something these days. 😂

I can remember my first day on a building site, brutal to say the least, fresh meat to the old boys. They would rip you on anything and everything. All part of stepping out into the real world and an early lesson learnt. Never did me any harm and looking back it was funny, although slightly uncomfortable.

Apologies Aqua, shouldn’t have referred to you as a he, just in case you identify as something else.

Im getting to that stage in life where the world is leaving me behind 😂

Why was Aqua’s post removed.

Seems he must of hit a nerve.

Also when someone questions the censorship that gets deleted.