Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
My sincere apologies for the sudden drop in SP this morning. I bought in to STX this morning and, because I'm apparently cursed whenever I choose a share, the SP immediately shot down.
Sorry everyone (however, on the upside, it means you can now buy in cheaper)!
"Reminiscent of Freddy3"
Most probably is/was Freddie3. I can't prove this, of course, but I'm pretty much convinced a lot of these troll accounts are all run by a very small group of people who - when outed - dump the account and simply make another one.
What's irritating is that it is almost childishly simple to reduce such activity when you're running a BB, but LSE take - whether by choice or just plain incompetence - almost no action at all and so the tide of these trolls continues to pollute the board.
PT was aptly names since, like the Kremlin's propaganda tactic, the point isn't to subtly or cleverly hoodwink; the point is to throw so much bull**** out that you become overwhelmed and exhausted to the point of either questioning everything or switching off entirely.
Personally, I'd say anyone who is a genuine holder and genuinely worried about this share would do well to switch off for a bit, step away from the forums, and take time to breathe. Your investment will be just fine.
"Freddie the bed wetter."
Is that really necessary? Whilst I do take - and have taken - umbridge with some of Freddie2's posts in the past, his OP was legitimate. He is understandably worried about the stability of the company he's bought into; that's a fair stance to take.
To directly answer your OP, Freddie2, I understand your concerns about the SP but remember that it is clearly and demonstrably manipulated, on the one hand but those with a financial agenda and on the other by those holders who allow sentiment to dominate their investing (which is very human but not, in the end, especially helpful).
I think a lot of good can be done by disassociating the SP *now* from the fundamentals of the company, which remain solid and increasingly prosperous for the future.
Like many, I am underwater right now by quite a significant amount, but it really doesn't bother me. I'm topping up at these levels to walk my average down as much as I can because I've done my research and am content I've done it properly and this will turn a profit for us.
If surfing on Chrome or Firefox, add "uBlock Origin" to your browser. All annoying videos gone. Plus all ads. Everywhere (including those irritating embedded ads in YouTube)
Absolutely agree. My only real concern - as ever, with our increasingly expensive cost of living - is the lack of ready funds to increase my holding here.
"Either way if you’ve done your research on a company they mean zilch"
I get the inference, and agree with it, but I'm not so sure they mean nothing.
I'm still new to investing, I don't mind admitting, but I've learnt enough in the last two years to realise that a big part of it for personal investors is based on sentiment, and the negative, degrading, or - at times - outright mendacious posting by certain people with agendas (not to mention those malcontent trolls who seem to have a compulsive need to compensate for their inadequacies by making disruptive posts) can and sometimes does have a psychological affect on smaller / newer investors.
I remember being unsettled by such posts myself, leading me to often question whether my research was good, or good enough. I knew it was, but I think it is still human to doubt ourselves, especially when money is on the line.
These days, I'm largely immune to such nonsense but I do think that when people makes these sorts of posts - or come out with inaccurate, outlandish, or just plain ignorant statements - for whatever agenda, then it behoves us to stand up against them. To call them out where necessary, to counter their lies with facts when needed, or to report them when required.
"Missing the boat on all time highs is sometimes a good thing"
True, but I can honestly say - I imagine like many others - that I wish I'd sold more than I did at the ATH and then bought back after the SP plunged to the lows it did. I knew the ATH was overpriced, which is why I sliced , but I didn't expect the fall we had nor the level it reached before stabilising.
Still, I'm still holding what is (at least by my meagre level) a healthy chunk of shares in GGP which are going nowhere for the foreseeable and trying to add to my little pile as and when funds permit.
"Dip - Something seems to have changed where now it's become 'we prefer to be aligned' narrative vs we'll just do our own MRE.. perhaps an agreement to be in lockstep going forward with the new (Interim) CEO so Shaun has had to change tact? "
True, but - like others - Im not especially concerned by that. I suspect (hope?) it is more reflective of a better working relationship with NCM now that SB has gone, rather than duplicity on SD's part.
Reading between the lines, I think it's likely that SD and NCM have met, discussions have happened, and that both companies have agreed that aggressive posturing serves nobody and it is better to align. This may have been prompted in part by SD stating he might (*might*, not *will*) release his own MRE, or it may well be that the GGP board met and agreed the sensible path forward was to align themselves more with NCM.
Whatever has gone on behind the scenes, I have no doubts whatsoever that SD has the best interests of GGP at heart and that he has his BoD are doing all they can to turn GGP from a scrappy little minnow into a matured developer/miner.
"20p by end of April!"
You call *that* ramping? Seriously? I'm expecting £14.27 a share in April. On April the first, to be precise.
Absolutely agree with you, Sprout45; sudden SP movements up - whilst potentially good for a quick buck - make me as wary and suspicious as sudden movements down. I'd much prefer a nice, steady SP rise based on good fundamentals and a healthy company.
To add my own, small, voice to the mix I first got into GGP back in mid 2020 (a date which is chronologically recent but emotionally feels like a lifetime ago!) and saw the rise to the ATH followed by the gruelling, grinding two years of the SP declining.
Apart from a top slice near the 30p mark I have maintained absolute faith in this share and company, topping up when my very meagre finances allow it, to bring myself today to a state where more shares would be absolutely lovely, but I am happy with the small holding I have.
Throughout the entire saga, right from first doing a huge amount of research through the continued topping up as the SP declines, a huge part of my knowledge and faith in this company has been provided by knowledgeable, intelligent, kind posters such as yourself, Bamps.
I am eternally grateful that the quality posters have continued to update us, on their own time which they didn't have to do, and have done so despite the falling SP, the rumour and - at times, paranoid - hand-wringing that has appeared on these boards.
There are many, many quality posters here and it would take too long to go through naming them all, but you know who you are and I should like you to know that many of us are very grateful for you.
"Anonymity allows a shocking amount of individuals to break numerous laws with impunity." - SeriouslySkint
Perceived anonymity. In a BB it is trvially easy to see the originating IP and browser connection details of any post made, and almost childishly simple to identify those running multiple accounts, however LSE appear not to do this. At least, not that we're aware of.
I absolutely agree with you, and others, that these problem posters should be reported and will always do my bit to raise concerns to the admins but I think it's worth taking heart in remembering that on BBs - as in life generally - the toxic element is a small yet disproportionately noisy part of the whole.
I don't think it behoves us all to report these cretins when they appear, but to otherwise deny them the oxygen they need by ignoring them and getting on with contributing to a respectful, informative BB.
Nil carborundum illegitimi :)
"I find it hard to believe that if it went to 50p some people are saying they wouldn’t sell , really ? Its either lies or madness to not sell any"
You have neglected to consider the third reason; that many of us understand the inherant value of GGP over the decades to come and aren't willing to lose all that future investment for a quick buck in the short term.
"This is cat and mouse"
Except, to employ the same simile, the tables have now somewhat turned thanks to LTH faith, SD's superb leadership, the arrival of Wyloo, etc.
The former PI mice are now very much the cats sitting comfortably and patiently whilst the MM mice make a lot of furious activity and noise without very much result at the end. We holders can afford to be patient as we know our moment will come.
"On the wider issue of low share price, there’s nothing to prevent buyers flooding in at the same ‘advantageous’ price, and ******* up any perceived conspiracy. But they’re not."
I would suspect a big part of that, at least where personal investors are concerned, has less to do with the current state of the markets and a lot to do with the current, lamentable, state of the country right now. Or, more simply, at a time where people are paying record prices just to heat their homes in an especially cold December, nobody's got any spare money to be thinking about investments.
Trust me, this is espeically galling since I can see the udnerlying and future value here but lack to ready cash to take advantage of it!
"And most pi’s who are considerably underwater won’t, unless an offer is placed that gets them their original purchase price back."
And that, right there, sums up the situation for a lot of we PIs who aren't hugely wealthy, don't hold millions of shares, and/or - like myself - got in during the ramping up towards the ATH and are now significantly* underwater.
I imagine for many others like me, even if we wanted to sell beofre production and the return to a realistic, fair price, we wouldn't as the loss would be too much to swallow.
If a takeover offer is placed at a sensible, fair level (which I believe to be in excess of my average) then I will certainly review the situation, but frankly with the news coming out of GGP and the markets in general my current feeling is I'm just going to vote against any takeover attempt and continue to top up small amounts as and when I can afford them and hold these for at least the next 5-10 years.
I may only be a very small holder here, but I'm stuck to this rock like a barnacle waiting for the inevitable return of the tide.
* Significant here being both personalised and comparative. I'm heavily down on my initial investment at levels which would be painful to me if I needed to sell, but are merely a drop in the ocean to many others.
I don't know, speedy, that statement sounds fishy to me. Could just be a red herring, though...
Thanks MM. I hope you don't mind but I've quoted your post below and added paragraphs to make reading a little easier for other folks:
"AGM started off straightaway with an interruption of AB on the first resolution, which I found both quite amusing, as unexpected and caught him off guard, but showed how concerned this particular individual was about the fall in the share price.
With all 8 resolutions passed, SD's presentation brought us up-to-date.
The Q&A session didn't cover any questions from in the room. So, SD was asked the online ones only to the best of his knowledge.
He was very honest about the question of Havieron's vulnerability of having the other 30% bought out by Newcrest, and admitted that it is highly unusual for them wanting to own 70% of a world-class asset in their portfolio, and feels that is still a threat.
However, he didn't suggest how that threat would be countered, but having the debt/equity sorted out and the additional 'stellar' board member(s) having joined or about to join, should be a good defence against such a hostile takeover bid.
I think the question about JPM shorting our stock was a valid one, as it has done so much damage to the share price, especially as JPM are involved with Newcrest. Therefore, although we have a good working relationship with our JV partner, and we couldn't do it without them, we have to be wary.
The FS he stated should be in the June Quarter 2023, and could coincide with Newcrest's Feb 2023 report, including hopefully an upgraded MRE released at the same time. However, SD did say Greatland would produce their own again if it wasn't forthcoming from Newcrest.
So, my interpretation is with a lot of news flow to come over the next few months, with MB & EG joining the board etc, that the share price which for those joining is paramount to why they're joining, having to reach a certain share price before they'll make any money, plus drilling assay results from both Havieron, Scallywag and the Juri JV - we have a lot to look forward to.
I would be delighted to hear what other people think, especially about our vulnerability.
GLA Greatlanders!"
Bearing in mind that quantum mechanics illustrates pretty conlusively that a time machine could only ever go back in time - and then only to the point at which the time machine was invented - then I'd need to finish the time machine in my garage and wait 60 years before answering your question today...
...which I've just (then, now) done...
1yr - $17,983
2yr - $385 (gold prices crash as Hungarian scientists release a paper on artificial gold refinement process)
5yr - $21,344 (PoG recovers after it is established the Hungarian scientists were drunk for most of the research)
10yr - $39,201 (boosted by the DSM situation that has will occur(ed) in Sri Lanka)
20yr - $21,550 (PoG drops steadily back to average levels)
30yr - Q399 (after the dollar vanishes in the Zoanbelt Economic War it is replaced by the Queebal)
40yr - Q750 (PoG does well, almost doubling its Queebal value in 10 years)
50yr - Q200 (Queebal markets in a tailspin following the arrival of the Gagh Federation on earth)
60yr - Q9,285 (with humanity now enslaved to the Gagh Federation, gold is outlawed and becomes scarcer)