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"A entire website devoted to you, Tymers."
I don't always agree with Tymers, but are comments like this really necessary? They achieve nothing but upsetting the target and making the poster look a little petty.
"Seems to me that no matter what people will believe anything they want to anyway. I believe in gold, you believe in crapto."
It's neither easy nor comfortable to feel we are being left behind by innovations we don't understand, I get that, but raging against the change in online fora makes no difference and risks making us appear a little bit blinkered.
As Djingle has said, cryptocurrency - in one form or another - is here to stay and dismissing the whole doesn't make that any less of a fact. The underlying technology (Blockchain) has repeatedly proven itself to be extremely robust and is already, and increasingly, used in a wide variety of industries, whether you know about them or not.
It is perfectly fair to point out that some crypto currency schemes have been run by shysters and charlatans , but they have always existed in anything holds a sense of value; crypto, fiat, gold, tulips, etc.
"like I said, 25p and I'm outtahere"
Several of us look forward to that day with considerable anticipation...
"I hold GGP with no plans to sell but do query that it is one of the most stable shares on AIM."
That's a perfectly fair point to raise. In answer, I should clarify that I pay almost no attention to the daily movement of the SP; my mention of stability was a reference to the stability of the underlying company and the stability brought about by the clear focus and direction of its BoD and Mr Day.
If you only look at the company in terms of the SP movement then you are absolutely right that the crash from what was, in my personal view, an unrealistic ATH of ~36p has been painful for us all (and especially those who bought in at high rates), but subsequent news has given us a very clear indication of what we as private investors have here.
The rather peurile attempts we've seen by some to frighten LTHs into selling their shares hasn't, and isn't going to, work to any significant degree; we know we have invested in an absolute winner here and we are not going to sell a single share.
In time, which may well be years (I'm perfectly comfortable waiting for decades if need be) the market will turn and the SP will return to a rate that acurately reflrects the value of the company; a value which I believe will continue to grow as we move into and then on with production of gold and copper.
So, whilst you are right the SP has not performed as many of us would like, I reiterate that I firmly believe GGP is one of the best and most stable shares on the AIM market right now.
"Unfortunately shares aren't as good a investment as years ago"
It rather depends on the share.
It might seem, as we come to the end of historically low interest rates and a bull run in many market sectors, that things seem unstable and depressing, but the fact remains that GGP is a solid little company with a excellent BoD, a clear vision for the future, and the funding strategy to get there.
GGP is, in my view, one of the best and most stable shares on the AIM market; my only irritation is I lack the ready funds to top up and bring my average down.
You say "times have changed", which is true of any age, but I don't necessarily see that as a reason for despondency. As my old Latin tutor was fond of quoting to us; 'Tempora mutantur, nos et mutamur in illis'.
This is pure supposition on my part, but I would imagine where digital shares are concerned your broker - by definition - knows the shares you legimitimately hold when a vote comes up. You vote, and your broker then passes your decision back to the company.
Whether you later sell your shares is, I'd guess, irrelevant; you held shares at the time of the vote and so had a voice.
I voted yesterday, but thank you for this reminder why voting and making your voice heard is so important.
"Sorry, to rain on you parade mushroom Kid, the Great Wall of China can't be [sic] from space"
Technically MushroomKid isn't wrong; it all depends on what we mean by 'see' and 'space'. Certainly the largest surviving fragments of the wall can't be seen from far beyond low orbit space with the naked eye, but a 2006 paper (link at: https://www.tandfonline.com/doi/pdf/10.1080/10824000609480619) determined that - assuming ideal conditions for visual acuity of linear objects - you could see parts of the Great Wall at <500km from the surface of the Earth.
Of course, that doesn't take into account satellites that can absolutely see what remains of the Great Wall (again, given favourable conditions) from space. Does that count as 'seeing' the Great Wall from space? Given the precise, scientific definitions of how we 'see' something I'd say it does.
Now the *real* question is whether we'll be able to hear the mournful, self-pitying howl of the shorters from space when this absurd manipulation ends and GGP returns to a proper value...
To add my own, small, voice to this question I would say no to ever borrowing money to place onto the markets, no matter how sure a thing seems. You may get lucky, but you simply can't predict with absolute certainty how things are going to play out.
Western economies starting to do well? Global pandemic.
Fuel costs looking stable? War in Ukraine.
I think the last few years have perfectly illustrated that you cannot be sure of anything. That, to my mind, equates to playing it safe with the markets.
"Please stop this dribble"
I disagree. Please continue this asinine drivel. By doing so they out themselves so we know exactly who to watch and ignore, plus their really rather juvenile attempts only serve to galvanise LTHs and confirm we are right to hold.
So, pnp_knp_dnp as your ilk, please do continue this half-witted nonsense; it really is having the opposite effect to your intentions.
Indeed. Moments like this rather put things into proper context.
"GGP feels a bit old school in its ups and downs, very manipulated"
You've rather answered your own question there, I think.
"But I would say a lot of people on this board are so toxic, it’s like a cult of weirdos, like the people who replied to my thread. I can hardly believe some of you are over 18…."
Whilst it is true there are many posters who really should know better, I can't help but feel this kind of comment only plays to the exact same narrative you say you deplore.
Please understand that this board has, for some time now, been awash not only with serial manipulators but also with your common or garden variety of troll; people who have no real agenda other than delighting in mischief.
If you are a genuine investor and people have mistakenly identified you as a troublemaker then I can only advise you to remain polite and cordial at all times, keep your posts fair and relevant, and not to antagonise.
For the smaller investors, those without thousands of pounds to their name or the luck to be living in financially comfortable circumstances, I should like to say that I understand your worry about this share right now.
The daily attrition from December's (admittedly oversold) highs has been a painful experience for us all, but especially for those of us who have very little capital and simply cannot afford to take full advantage of these dips.
But remember why you invested in the first place.
The fundamentals of this find, this company, and this management team are second to none. And despite the clear and persistent manipulation of this share, and the really rather juvenile disruption on these boards by people incapable of behaving themselves, those fundamentals have not changed a jot.
Your money is still invested in a major gold and copper find, in a stable, friendly country with the support of a huge partner and a ready-made refinery down the proverbial road. That we may well be subject to a takeover is just fine; SD et al know the potential value of their company and I do not believe will let it go for a pittance. If we are taken out you'll see a healthy return on your investment. If we are not taken out and SD continues with his plan to grow GGP into a major business then you'll still see a healthy return on your investment.
The likes of you and I may not hold many shares, but we are collectively part of something much larger and much more powerful than the market shenanigans at work; together, we hold enough shares to ensure we are a force to be reckoned with, and so long as we hold onto those shares then no amount of manipulation can take that away.
Illegitimi non carborundum.
"The pop up adverts etc on this site are atroshish"
1) Open new browser tab.
2) Search for "ublock origin"
3) Go to site and install extension
4) No more adverts
Does it say how they arrived at that figure?
There was indeed a blip, but nothing too serious.
The greater issue is the underlying problem of LSE being written in ASP by developers who, from an examination of their rendered code and third-party linked resources, really should know better.
They are using several legacy classes and, interestingly, leaving commented out code over a lot of their rendered pages.
From a coding perspective, LSE is a old school mess and needs a total rewrite.
With the greatest of respect, Zoros, I am not an idiot and am very, very aware both that shorting exists and have some idea of the colossal scale on which it exists.
Speaking personally, and prosaically, I believe shorting to be deeply unethical and those who engage in it - ether they be individuals or institutions - to be morally bankrupt.
But, as antigua18 quite rightly says, the fact people are only shorting GGP 'a little bit' isn't really the point; the act of shorting - and other forms of manipulation - has an effect of shares that is disproportionately savage on investors like myself; those who were not born with silver spoons or have thousands to spare. The savaging of GGP may, in the macro, be small but to me and others like me it is horrible, painful, and deeply unfair. It also has very real chances of damaging perfectly good companies and/or those that work for them (some of the attitudes expressed against Shaun Day purely because of the SP on this board have been, frankly, disgusting).
I am still in GGP partly because I cannot afford to be out right now, but mainly because I have done my homework - and really rather a lot of it - and have no doubts whatsoever about the future of this share. I am well aware that my investment will pay off in the end; it simply comes down to patience and deciding when to sell up.
@madhope - I quite agree. The fundamentals are excellent, the direction this is going in is clear, and everything - barring a black swan event like Australia suddenly declaring war on the world and closing all its borders - is going well. I have my price review points and exit points mapped out, and firmly believe both will be met in the next five years. Patience is what's required.
Of course, if the manipulators *really* want my small holding they're welcome to it. They jsut have to sneak that SP up to 76p and I'll happily sell the lot. Maybe. ;)
I don't know the financial positions of other LTHs but, if they're anything like me (young, moderate monthly salary faced with huge and rising living costs and no chance of ever getting on the property ladder) then it seems shorting is - if taking too far - counter-productive.
I have neither shame about my miniscule holdings nor feel the need to be secretive about it. I hold only 50k shares in GGP and at an average of about 21p. I am, of course, heavily underwater right now.
But that's the thing. The drop of the SP is, for me, so financially significant that unless I was absolutely desperate to release funds I wouldn't even consider it because of the collosal loss involved. Put another way, the manipulation of our SP has worked so effectively that it's actually trigger the *opposite* attitude they wanted from me in that I am now *more* determined to hold onto every single damn share because even if I did need to sell I couldn't stomach what is for me such a vast loss of money.
It raises a curious question, I suppose; is there such as thing as too much shorting/manipulation? Is there a sweet spot at which the price is low enough to frighten PIs, but not so low that they refuse to sell because they can't aford the hit?
Interesting stuff.
"13.9p : Rubbish whatever way you look at it."
Do you genuinely think so little of people's intelligence that you believe this kind of comment has an effect? Really? I'm not so convinced, myself.
The current SP is only "rubbish" if you are willing or forced to sell below your entry price. for those of us with the foresight and patience to know where this is going, these temporary and artificial lows only provide more opportunity to load up for bigger returns later.