Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I invested on EG alone back in 2017 - i know a lot of recent investers are upset about the current sp decline - but this is still well, well above my 5p targets so at 20p i'm still well happy!
Back in August we would have loved to have a 20p shareprice!
After March and drilling commences at the Juri Juri and Hav no amount of rocket emoji's describe how i think the sp will go!
At 20p this is reflecting the current MRE of hav; 4moz (give or take) everyone is saying this has the potential to be 12moz - so that takes it 3x the current SP.
This is derisked now - albet a little boring as it will predicably gradually go up... those that are after some quick thrills i'd advise diversifying and holding something like argo, hive - and leave your GGP shares in the bottom draw.
I have shares in OMI... seing my profit get wiped out at the last mates rates placing was hard - but inevitable. I also have ECR, and sold out of EUA a while back.... hedged some of my gold stocks with ARB - but thats more for the daily gamble to keep me entertained.
GGP long though - as hard as it is seeing my paper wealth practically half as the stock has gone down - still considerably up - and at the end of te day - its only a loss if you sell.
In 12-18m time everyone sill holding will be saying if i had the benefit of hindsight i would never have worried back in Feb 21!
I know those who sold out after NM walked back in Jan 2018 wish they had hindsight and either bought more or at a minimum kept their shares!!
The point about the original post isnt about the value - everyone is seeing the 2p and getting so hung up over it.
It more about the ramp.. this share from its high is now down 40% - yet people are blaming in MM, etc.
Shares go up and down - which is healthy - its not always MM games, waiting for that mysterious xxx million buyer!
I orginally said i would top slice at Hav MRE - hindsight says i should have - but live and learn!
But as annoying as it may be - the current price is stil well above my widest dreams! And in 12-18 months gold will be coming out of the ground - so really is a case of just forget about the day to day ad focus on the end goal.
I actually get it - hypotentically it could go to any value between 0 and todays price and you would hear the same ramp on this board.
Doesnt matter though - ignore them, ignore the noise and check back in 12 months with a big grin (well that was the plan last year - but it was more check back every morning and work out what i could buy with my newfound paper wealth!!)
Very true ShrewDude - hindsight is a wonderful thing - should have sold out back in 2018 for some profit... luckily my other mining/ exploration stocks have done much better over the past few years.
Having an average here close to 20p - this has been in the bottom draw for so long that i'd be happy to break even!!
Probably a case of this floating within this range for many months now - even mid March on the next Hav update i'm not expecting this to follow last years pattern.
Unless the remaining Scally results are amazing we'll have to wait until progress on the Juri Juri sites or an update on the HAV MRE.
Leave these in the bottom draw for another 1.5- 2 years and you'll see considerable gain (unless gold crashes)
Love how when the share price recovers all these expert investors come out!
When the shares drop PI may choose to sell for different reasons... maybe some had a tax bill to pay off last week, or another opportunity they wanted to jump in - not all witll be ***ing their pants.
I had a 60% paper loss overnight back in 2018 with GGP - that for me was a proper brown pants moment for me!
I'm still of the opionion the market crash last year helped our share price.
Back in the March last year after the initial dip the GGP share price had a good bull run - upto this year.
This is still a long term hold for me.. the western economies are printing money like there is no tomorrow... appreaciate those who bought in over 35p are probably more anxious - but gold prices will only go up - and our gold hasnt gone anywhere!
Up or down i ignore the noise - todays reaction up or down will only change my paper worth.....
This is one of many steps which brings us closer to the real prize....
Once gold is coming out of the ground the shareprice will be many times greater than todays reaction.
I had a punt on EUA last year. - sold out in sept for 22p as the sale never materialised and then it shot up to 40p!
How the Alexei whatever managed to sell 27m shares at market value shows the corruption on AIM.
Hope it does recover for those invested - but i personally wouldnt buy in even after todays drop - as todays drop was overdone - probably by stop losses but momentum is lost there now - and unlike GGP with no firm timelines on anything i think it will drop further from now on.
Quite a few here would have been here during the NM/ EG days..
I first bought into GGP from July until October 2017 - with a book cost of around £50k - which was 80% of my portfolio at the time,
Jan 2018 and NM walked - and my £50k was worth £20K overnight! I was shocked, gutted and maybe a little angry for being so foolish... I was 50/50 on selling out - but a gut feeling made me buy more at a bargain price!
I learnt a valuable lesson - and very luckily it wasnt an expensive one !
Fundamentals are everything - and the current shareprice doesnt change that.
Not sure being a "LTH" give you any more authority - not sure if i class as a LTH having holding my core holding since 2017 - but i image there are a few newcommers in the past 6 months that have done more research into GGP than me..... I dont have the time - and having far exceeded my expections i'm happy to leave my GGP funds for however long.
I dont think its unreasonable for someone who is sitting on huge paper losses after they bought in 35p plus to be doubting themselves.
someone who has multibagged the recent drops probably wont make much difference but i think it helps to show some humility from time time.
Just have to remember different people joined this journey at different times, seeing a 25%+ drop in your recent investment which has been hyped to the sky cant be a nice feeling.