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based on history alone i would say it would drop down to 15p by the weekend EXCEPT this time we have the GDXJ news on Friday - so people would probably hold out to see if we get included as that would easily push the SP another couple of pence on the 18th... which is when there would be a sell off.
Having been in a few AIM shares where i have had paper profits in excess of 1000% only to chase the rainbow and had that wiped out i would always say its sensible to only risk what you can afford to lose - i.e dont start spending your GGP profits before you bank them!
I plan to take out my original investment + some spending money at 20p and leave the rest to ride out boom or bust!
Thats always the fear for gold explorations.. but as stated that has been ruled out (atleast for this year)
With the upcoming news the price has plenty of legs this year - so it wouldnt make any sense for a placing at the moment...
No one went broke taking profit.... money in the bank and all... i’ve been tempted a few times to sell half my holdings and spoil the family... problem is with the covid world not sure where i would put the money if i sold here!
Everyone is entitled to their opinion.
3 years ago when this was a penny share the rampers were banging on about it being "3p by Friday" i just ignored it as usual ramping - As much as i had hoped i never expected this to reach 3p.
Those that are saying it will be 30p by Xmas.. this was 5p in April - 3 months later it hit 15p... if that rise happens again this will be 40p!!
But equally so - I have been here where the share was 2p and the next day dived to 0.5p so its impossible to say with any certainty where this will be by Xmas.
Welcome to the board anyway!!!
Dont frequent this board too often - but i was thinking the same.... Been in and out of PFC for many years... made the mistake of being in during an oil price war, and glabal pandemic - go figure!
But i have a pretty low av of £4 (compared to £9 back in the day!) so if this goes sub £1.5 may try to get my av down to £3.
I think you will find I had said once it hits 15p on Wednesday i would sell 1m shares and then buy them back with some change after the announcement... i didnt bother in the end.
Come September 15p will be blown away - recon we'll be 18p.... and the same wil happen again.
We are something like 15% up from the start of the week... sure it was higher this morning... and no doubt in a few weeks it will be higher yet again!
This share is remarkable.. my portfolio is mostly a see of red this week... but GGP has increased my fund by £100K since Monday!
I'm just a lowly PI; not some huge wealth fund; I have a day job the amount of paper wealth GGP has given me over the last few years will mean the difference between retiring at 65 and retiring in my 40's!!
I dont think it defies logic why someone might sell at 13.85 now.
Sure they could have sold at 15.6p this morning... but some have day jobs and are not glued to the share price. Maybe they just logged in after week and saw 13.85 wow thats great sell...... could still be over a 15+ bagger for the LTH.
There is no rumour - all these posts dissapointed at the drop today.. jeez it happens every 6 weeks or so... big build up on the NC update then the next day the SP dissapoints.
I said it yesterday if it hit 15p sell and buy them back today and have some change......
Recon it will stabilise around this level; new broker comes along with a price and by mid Sept will hit the new broker targets.
I'm going for 18p by Mid Sept.
I held SOLG in 2015 from 1p something.. it hit mid 40p in 2017... it dropped to 20p the following year... I sold out 30p
I held UKOG from 1p it went up to 8p within 6 months... i sold most my holding the following year for 1p....
It would be prudent to know when is the right time to sell!
The challenge is knowING what that time is! I've been here for 3 years.. still working it out!