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I've had PFC for a long, long time... first buy well above the £7 target.
Made some money here after the SFO first surfaced - averaged down to around £4.50 then sold at £5.50's (it then did its run to over £6.5! back in 2018)
Now hold an average of £4 which i thought was great back in 2019 - then COVID and the sp has been decimated!
Even after the SFO has gone billions of £ of damage has been done to the order books and shareprice - which will take years to recover -I cant see even pre covid levels back in the short/ medium term.
I dont often post to be honest - but visit most days on my more active shares.. Compared to last year GGP this year has been a rather damp squid - not critising - just compared to how exception the rise was last year - its in the draw - pretty much how it was between 2018 and 2020!
I always found this board a grerat source of information - i know little about mining/ exploration - even though even before the GGP rise my portfolio was 75% within mining/ exploration and commodities (thanks to GGP is closer to 95% now!)
Those that still post useful information (the unsung heros!) Thanks again - i certainly appreciate it.. the others- well i think i need to start to use the filter option!!!
Not checked in here for many, many weeks…. And pretty much every post on the first page are just drivel, or arguments….
I used to just have a quick skim on posts here from time to time for a quick snapshot of current progress and any upcoming news… which is increasingly difficult now to find :(
Can normal service please resume?
I like many here have a holding in ECR - tbh exploration companies are all like this - for many years GGP was the same - dreams of following in SOLG's steps in terms of shareprice rise.
I think the ECR results are promising; identified a zone, its well funded - with a couple of suprise placings - need to get a JV announced - but i am still hopeful in the next few years for it to return many multiples.
Dont post here too often - but hold a reasonable amount which i averaged up - so currently red at todays prices now.
But i dont think the grades look too bad... i'm tempted to double my holding if it goes sub 2p - and then bottom draw them.
Not sure i agree with that... I have been dipping in and out of BTC and other cypto's for quite some time... i can see BTC breaking $70K in the near future.
its not like you have to invest in either commodoties or crypto - a bit of diversification is never a bad thing.... more recently another aim gold stock i hold (which i know a few others do too) is OMI - lets not forget it recently had a 50% haircut after positive news - so nothing is guaranteed in life.
was tempted to cash out - but for a £280 loss so far may aswell just keep them.
I've set a stop loss now though.
Having used primary bid previously I tend to get them by lunchtime on day of release... but varies by Broker.
You must work for an institution then as you cant buy them until the 7th!
Chippy - i'll probably get shot down with this comment but I see further exploration with EG as more costs... which inevitably means further placings/ dilution... none of GGP's assets are producing income yet the money has to come from somewhere.
Unless NM come back to the table - as they know what is down there - i cant see a JV until they drill something to make it worthwhile for them.
INDEEP that maybe the case - but i still have nighmares seeing the SP plummet from 2p to 0.5p losing almost £30k in an instant! (compounded by my Carillion fund disappear the same day!)
EG will probably prove itself in the long run - however with yesterdays news opening up the option of further funding + todays makes me think they are not just happy with Hav, Scally and the Juri Juri they want to spread themselves wide.... which just makes me a little cautious.
I dont often post on there... well not during the quiet spell.... but i worked out my paper loss since the highs of 38p i'm down over £1m now!! At the highs my 5m+ shares where just shy of £1.95m and now "only" £900K.. i say only as i only paid 50K for them so still living the dream!
I'm not too worried... probably as still above my expectations only 12 months ago... but also i am pretty confident come the end of the year the sp will be back to the 30's again.
SXX not too dissimilar to here rose on sentiment and the herd of PII.
The difference here is has GGP's asset gone anywhere? has NCM gone anwhere? no to both... nothing has change with GGP since jan - except the SP.. people need to calm down... if you are not a trader and in it for the long haul - as they all claim then just relax ignore what todays price is... knowing that you are literally sitting on a gold mine here.
There is some utter nonsense spouted on here sometimes... Shares go up and down... not consipracies, no shorting... this has risen on sentiment and news.. its been the Aussie winter for the past few months.
Back in 2017 everyone was saying GGP would do an SOLG style rise.. well guess what... it has!! IT peaked 38p and now will probably hang around the 20's - not too dissimilar to SOLG.
The difference between here and SOLG is by 2022 the gold will be coming out of the ground of Hav... if GGP still own their share thats makes this worth 66p derisked.
I've held my PFC stock many,. many years... buying in and out.. and tbh pre SFO this was a £9 share... the damages this investigation has caused over the years i cant see it ever getting back to those levels again.
At £1 i'm not buying or selling - it was at this level not so long ago - although oil prices are stronger now.... will it recover - probably - could it crash as much as it has lost since the SFO witch hunt started - probably not.