Member Info for Baldylocks

Roofer, thanks.
I'm watching carefully, might enter the fray again in a small way, as a LTH, just got nothing much i can release right this moment to free up funds. I'm a little underwater on a handful of US tech stocks I was riding a fairly regular "sine wave" nicely for a few weeks, but they took a tumble last week - hey ho, they'll recover.
If I can get in here sub 1.25 I'm pretty sure I will.

Live and learn! I am heavily invested in GGP, with just over 50% of my SIPP there. I saw this dip last week and thought I'd test the waters in a small way. Bought in at 0.915p, watched it fall, semi-panicked and set a limit sell at 1.05p.
Don't I feel stupid now :(

SaS that's almost exactly what I'm doing. Granted I'm a "new" LtH but bought in in a hurry in the 14s in Feb when my SIPP transferred. Wish I'd waited a bit, but hindsight and all that.
They are not getting any of mine, I've already bought a few more than I was intending to to average down (successfully). Where I'm at now, is any Dividends I earn and any "real" profits" from the small percentage of the SIPP I use for trading are getting ploughed into GGP when below 13p.

51.5% of my SIPP is GGP at 14.05p average.
35p not a chance. 50p no.
I want to see production.
However, at £1 I would probably give in because that is a level which would unlock some opportunities for me.

Hope they carry on playing games tomorrow, got a couple of US stock looking nice today, might take a quick profit there tonight and add it to the 3 lots of dividend payments I'm expecting tomorrow and have yet another cheeky top up. Who knows might get my average down below 14p at this rate.

Keep up the "good" dirty work, manna from heaven for us bargain hunting, patient PIs.

GLA

Correction, £13.70 of course, not 13.7p!

Hi, first time posting in FDEV. I took a punt on FDEV and currently average at 13.7p.
Seems to have been very flat recently after putting me underwater.
Just debating taking the hit, but what are others' opinions? I'm inclined to hold at least until F1 Manager released.

I wasn't going to take my SIPP over 50% GGP, but with the bargain prices today, and a few available funds it was rude not to.

Average now 14.06p

Bamps, mainly reader and occasional poster here. 50% of my SIPP is GGP, not huge compared to many others, but a 5 figure (£) holding. Keep up the good work!

I'd like to see Radio 4's More Or Less take a look at that 7% claim. I thought it seemed rather on the high side to me when I was watching the news earlier!

So if you commit crimes on a big enough scale, and blatantly enough, you get away with it. Nice to know in case I ever make a big enough fortune! Hah!

@Betterthedevil, you missed this the other day then?
https://www.lse.co.uk/rns/GGP/havieron-growth-drilling-update-mf1znzvxkj1toup.html

Holding tight here. 50% of SIPP in GGP. yes it's nice when it's above 14.07 and I have a big green number, but I know it's not "real" as long as I'm holding, just like the big red number when it's below. For someone as highly strung as me, i'm finding it surprisingly easy to sit back and "enjoy" the ride.
In the meantime I've used some of the "mad money" I set aside to make small trades to make some nice "real" gains riding nice semi-regular waves in CLSK - which couldn't be further removed from GGP :)

Zoros, I should add that the pot amount is only a 5 figure sum, if it was a 6 figure sum, then the values of trades would have tipped me towards something like HL.
For example, and from memory, HL SIPP was £10 per trade. When i was entering GGP in my SIPP, I made 36 separate trades to try to keep my average as low as possible.

Zoros
Thanks for taking the time to reply. There's a long answer here, but I'll try to keep it as brief as possible.
I've never had much spare cash to "play the markets" but it's been something I've wanted to try for a long time. Decades ago at school, when we did "pretend trading" in a lesson with copies of the FT I always did ok.

When I looked into over the years, the barriers to trading for small fry like me were huge. Trading costs would have wiped out any potential profits on the small amounts I'd have been able to play with.

Enter Freetrade. Unlimited free trades on a limited set of stocks/ETFs, partial shares in the US market, no monthly charge for their free GIA. I added only what I was prepared to lose and treated it as money "spent". Always made small gains overall, adding a little cash every month too. Updates are very slow 15 mins delayed like here, but I use Trading view to give near enough (for me) realtime updates.

I knew that nothing is "Free", there will be something behind the scenes being creamed off, presumably based on timings and spread.

Enter GGP. Got a bit more serious. Saw the potential, but still not enough spare cash to make a massive difference.

Remembered a dormant pension pot separate to my main workspace pension (which is sufficient on its own to provide for me at retirement age).

Low risk therefore to transfer that dormant one to the Freetrade SIPP offering (£10 pcm charge) and put a significant % in GGP. Most of the rest in some low risk ETFs, leaving some over for trading the volatile ones i have access to.

Reading posts here over the week and months, I got the impression that "lending" of shares was not /that/ uncommon practice, and presumed they already did it. Seeing the warning in black and white has made me a bit concerend.

edited to correct the line below:
"...expecting production to start in 2024, in a stable, tier one economy..."

I am going to reply to their email as below.

As a relative newbie, have I said anything monumentally inaccurate or stupid?

Before I accept these changes, I have a couple of concerns. I understand it's not uncommon practice for shares to be lent out, generally for purposes I do not agree with, however I can live that for the time being.

My main concern is that a little over 50% of my SIPP is in a small gold prospecting/mining company with an excellent outlook and fundamentals, who appear to have been subject to manipulation and severe shorting attacks over the past few months.

I intend to be a long term holder of these shares, expecting production to start in a stable, tier one economy at the largest gold discovery there in over four decades.

There is a distinct possibility that this company might be the subject of a takeover bid from its larger joint venture partner in the near future. There is also the probability that other announcements may well make the company exceedingly attractive to traders and investors very soon.

Considering that there is a short position held and publicised, and possibly many others below the reporting threshold, and there is a likelihood of a rapid rise due to news releases and/or a takeover attempt, how much faith can I have in your statement "If for any reason the borrower can’t return the shares, Freetrade will be holding the collateral on your behalf. In this case, we would sell the collateral and take all reasonable measures to return the shares to you."?

This investment forms the cornerstone of my SIPP, and whilst I accept that investing in the stock market carries risks, they are my risks that I calculate and am responsible for. I do not expect my shares to be "lost" due to nefarious actors using them to short and manipulate the price.

Hmm, I just this in my lunch break and not digested it yet, my SIPP is with them. They better not bloody lose my GGP shares!

Much as I'd like it to be, I'd be surprised. Surely more of a transient reaction to current events

Why is $2002.82 a resistance point? Genuinely interested.