George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Absolutely agree. I have only one major regret with GGP, and that's not having any more capital to pour into it.
I think this thread is rather a good example that we should all read an opening post carefully before deciding to comment.
If you have read Xavido1987's opening post and are filled with vitriolic bile, please take a moment to stop, re-read their post, and then think about your reaction. Polite behaviour and an objective stance go a long way to maintaining community harmony.
Sorry for the link failure, my closure of the parenthesis causes the link to fail. Here's the link without that bracket:
https://www.lse.co.uk/ShareChat.asp?ShareTicker=ECR&share=ECR-Minerals&thread=78AC2982-1FB6-4E8D-B82D-EC14B1C89A2D
Apologies if this has already been posted, but I - like a few GGP LTHs - also have a small investment in ECR.
On that board, I noticed a thread today (link here: https://www.lse.co.uk/ShareChat.asp?ShareTicker=ECR&share=ECR-Minerals&thread=78AC2982-1FB6-4E8D-B82D-EC14B1C89A2D) that - from the linked Twitter chart and comments made by the LSE poster Gino - GGP is entering a phase of unrisked downward trend as we move toward development.
I'm a small-time investor and, whilst I have done a large amount of my own research, I'm aware that there are other folks on this board far more knowledgeable about these things than myself.
So, with that in mind, I'd be very interested to learn other GGPers' opinions on Gino's thread, their chart, and their assertion as to the company lifecycle.
I'm with II and have had no problems with getting an advance idea of my order before committing.
For clarity, when you go to buy or sell a share their system does not execute the order immediately; rather, it lists the details and price of the order - a quote if you will - with a 15 second timer. During that time you can click 'Amend' to change the order, 'Refresh' to re-quote and refresh the timer, or 'Place Order' to go ahead. If the timer reaches 0 the order still isn't executed; you then just have the option of clicking 'Amend' or 'Refresh'.
This goes for sells as well as buys.
Given the WSB Subreddit situation and, especially, the recent mass buying up of silver bullion and silver stocks, I'm wondering if part of this drop is due to investors selling part of their holdings here to fund their tickets aboard what they think might be gravy trains in other exploration/mining stocks?
Personally, I'm staying right where I am with GGP. And I say that as a very small-time investor with extremely limited capital who got in comparatively late and who's portfolio is certainly feeling the pain of this drop.
But the fundamentals are rock solid, the gold hasn't gone anywhere, and I firmly believe this share will continue to be the bedrock of my portfolio for years to come.
Watching now. This is an excellent and helpful video, thank you Magictrades
"I'm not seeing any Elsie posts?"
They have, thankfully, been removed by the admins following reporting by myself and other posters.
Believe me, you really aren't missing out by not being able to see them.
As the SP begins its surge back up I think it might be helpful, especially for small-time investors with limited capital like myself, to take a moment to pause, breathe, and realise we're all sometimes susceptible to being affected by the behaviour of infantile people.
As a small-time holder I've not sold a single share, and welcomed the buying opportunity in what is a demonstrably solid, derisked company with an investment in a large amount of gold. Gold that has not, to the best of my knowledge, suddenly evapourated.
Many of the posts this morning have been extremely instructive as certain posters have shown themselves to be, what some long suspected, utterly abhorrant and untrustworthy. Schadenfreude is never attractive, and I think it's worth remembering some words from the satarist Alexander Pope; "It is with narrow-souled people as with narrow necked bottles. The less they have in them, the more noise they make in pouring it out."
"they remove the crashed UFO from 100 ft down"
UFO? FFS, this is a GGP board! GGP! Stop ramping other shares! ;)
Far more knowledgable folks than myself will be along shortly, I'm sure, but I asked this very question recently and got an excellent response.
If you'd like to read that thread for yourself you'll find it here: https://www.lse.co.uk/ShareChat.asp?ShareTicker=GGP&share=Greatland-Gold&page=4&thread=7AC4A5FB-1F97-4771-9682-1C5D8AD99CA2
I'm in a very similar position to you, Rennie1, with a relatively small holding. I can't speak for Freetrade, but acting on the advice and help from my thread, I went ahead and did a 'Bed&ISA' movement in my Interactive Investor broker. The process was extremely swift and my shares are now fully held in my ISA.
Be aware that you will very likely lose a few shares as a result of movment between the sell from your trading account and purchase from your ISA. In my case, I lost a total of 49 shares - about £16 worth - which were no problem buying back to bring my level back up.
Very glad you posted this, especially as it's perhaps a rather forgotten aspect of gold exploration/mining.
One of the principal reasons I decided to invest in GGP was precisely because of their adherance to the code of conduct - both general conduct and those laid out by the WDLAC (Western Dessert Land Aboriginal Corporation) - regarding land held by Native Title (which, in Haveriron's case, is the Martu people).
Gold mining can be an extremely destructive and environmentally unfriendly practice, and I personally think it's important for any investor to give serious, moral, consideration to the behaviour of any company they invest in.
We certainly don't ever want to see another Juukan Gorge incident.
"so If MrT gets in"
This seems unlikely given Trump decisvely lost a democratic election and no court in the land is entertaining the spurious - and really rather infantile - allegations of fraud.
Alas, whilst signup remains open and free there's very little the admins can do to stop these nuisance accounts being created and the board abused. Emails and IP addresses are trivially easy to falsify, and introducing stricter controls may well just drive legitimate users away.
"No point in arguing with people blinded by the mass media"
This is perhaps the most troubling phrase. I think that when we - any of us - make such statements we do a considerable disservice to others and to ourselves.
Dissmissive, sweeping statements do nothing except act as echo-chambers which upset others and entrench our own viewpoint. That only leads us to a reinforcement of the exact tribal thinking that has been the cause of a great deal of the mess the UK and other countries are currently in.
I think dissmissive statements like that are only ever made for one of two reasons; either because we believe the other person wrong and want to change their mind, or because their stance so offends our own viewpoint that we want to attack them.
The latter is always unkind, unnecessary, and unwelcome. The former is admirable in intent, but only ever works in practice by engagement and discussion; never by insulting people.
I think that if any of us are incapable, for whatever reason, of taking a reasoned, rational perspective then it's preferable we hold our tongues.
Absolutely agree, speedie. And it should be noted that of all the world's major central banks it's the Chiense who are arguably furthest along with their blockchain-based digital currency...
...at the same time they are hoovering up as much gold as they can get.
I think the writing is very clearly on the wall here and so, again, I'm very bullish on blockchain technology, but less so on the tulip-bulb cryptocurrencies; at least, not those that are currently in the market.
I'm reasonably certain we're going to see a lot more volatility in the dollar-backed markets over the next few years, which is why I'm very happy to have the majority of my portfolio in gold; specifically Greatland.
That's also why, like you speedie, I'm big (well, as much as my meagre capital allows me to be) on silver bullion :)
To clarify this question somewhat, BTC is - as roleybirkin says - simply a digital currency, but it's the blockchain technology it's based on that's important here, and what gives it it's value.
Regardless of where you standard on cryptocurrencies, the blockchain that underpins them is the future of digital currency. Speediemeanie has said several times before that no central bank holds BTC, and that's true, but it's also rather missing the point. Every major central bank is now giving serious consideration to the establishment of their own digital currency based on the blockchain. Some are further along than others, but all of them are doing it. And with good reason; they know - as we all know - that debt-backed FIAT currencies that have no tangible anchor asset can only go so far before they must collapse; either by replacement or because they've fallen into hyperinflation.
I'm not personally bullish on BTC, but as a technologist I am absolutely bullish on digital currencies based on blockchain technologies ultimately replacing FIAT.
And how do I intend to preserve my wealth during the ineveitable disruption that will ensue? By holding it in gold, of course.
Thanks all for both your advice and experiences. I'm feeling a lot better about making this move now :)
Please excuse me if this is a foolish or uneducated question, but does anyone have any experience with shifting shares from a Trading account to an ISA account when those shares are hotly desired?
Simply, I have a small holding in GGP which I feel will grow to beyond the CGT threshold. I would like to protect that profit, obviously, and understand one route is by ordering my broker - Interactive Investor - to perform a Bed and ISA on my shares.
That's fine, but I have no problem admitting I'm wary about losing any of these shares; they are chickenfeed to most of you, but significantly valuable to me.
Quite simply, I don't want to order this transfer only to find the second my shares hit the market they are gobbled up by nea'r do wells and I'm left without my holdings.
Can anyone with experience of this process provide any reassurance? Thank you!
Sorry for the double post. LSE is being very unreliable for me this morning!