Member Info for Bunky1981

Good post Zoros. I don't have much experience in junior miners, I just happen to like this particular stock. But I am continuously baffled at the calculations I see flying around here, where people act as if there is a vault somewhere in Oz, with pallets of freshly smelted GGP gold bars currently being "undervalued".

I also find the relentless posts about alleged manipulation, apparent "professional derampers" and various other tin foil hat theories to be equally frustrating. It detracts from rational discussion about the SP.

Same. Last bought in July and promised myself that was it. But I couldn't ignore 15.99 earlier.

I vaguely remember a chartist on here a few months ago commenting that it'd likely retrace to 15p before properly moving. He/She got flamed (as all pessimistic comments on here invariably do) and told they were mad. Well whoever it was is looking pretty smug now. Who knew!

Heart; 25
Head; 20
Reality because the universe wants me to stop looking at Rightmove and get on with some work instead; 18.5

@StarBright - good post, thank you.

@et al. I should add that I'm aware that the PFS isn't a magical green light for instant riches. I meant more with reference to that which Zoros has said below/above, in that II's will be more likely to be able to fit GGP onto their mandate at that point. As a stock it becomes more institutionally viable. But more than anything, I suppose I was just curious what the sentiment was. Quite a few contributors have (understandably) very positive views on the rest of the year. So I suppose I was just curious as to how people feel (it's okay to just have a view) on how that might translate into the actual SP by the end of 2021.

So I'm curious. There are obviously a number of very optimistic and positive investors here (as you'd expect there to be). But most sentiment is now weighing on this PFS. In fact "wait for the PFS" has pretty much been the entire slogan for 2021.

It's just a bit of curiosity on my part, but what is the minimum SP that people expect to see once/when/if the PFS comes back positively? What is the minimum price you've got in your mind, one week after the PFS comes out? The figure at which anything below that would feel disappointing to you.

Gold5's allowed to pose a question guys. I have to say that I'm increasingly aligned with other people on here who feel there's an almost bullying vibe towards anybody who does anything other than bow at the unwavering altar of GPP's inevitable zillion pound SP.

I've got a significant sum of money invested in here, I have no intention of selling. I'd rather see it go bust than realise a loss of this amount. I also have high confidence that this is one of the best stocks I hold.

But some could simply have said "gold5, just sit tight. Nobody really knows why the SP has dropped so much. Could be it overheated at the end of last year. Could be the Lassonde Curve. Could be some Lizard Illuminati controlling the global economy that's about to explode into a ball of glittering dust. Could be the ii's can't invest via their funds in stock this stock without a PFS and therefore there's not enough wide scale demand. Could be growing pains. Could be anything. But the fundamentals and timeline coming up suggests that while this stock has heavily cooled off, there are better times to come even within 2021 for anybody with an average under 20p. And hopefully great times over the longer term for any LTH at any average to date."

Best of luck all investors. We're all on the same team.

"It's coming home"

Surely the absolute quickest way to guarantee that it does not, in fact, come home ;)

@Tom - I think he's just making more reference to the statements like "this is a nailed on win" inferring it's basically free money and the only reason it's not 50p+ can only because of MMs, illegal shenanigans, insider trading and the direction the wind is blowing. Never, seemingly, could a drop in share price be attrituted to the market simply not rating the stock as highly as many some members in here.

I think this is a great stock with loads of upside potential, hence why I bought and now hold a significant lump of it and have an order in most days to top up if it touches 16p again. But i do appreciate what he's saying. I don't think it's any slur on the fantastic work, generosity of information and contributions of many of the LTHs here. Just a bit of balance :)

You're not wrong Mike.

Unfortunately, that was your first post, so get your helmet on because I'm pretty sure you've got inbound.

Zoros, yes I agree with all that. Hard currency will absolutely be a thing of the past. If only because you can't tax cash under the mattress.

But Speedy is projecting that when you open your phone one day to check the balance of your account, it's just going to say £0 on the screen. As Notrader says, It's still fiat, if only digital. fiat is digital. It's been 1's and 0's since we dropped the gold standard. What I want to understand is how those who believe the fiat armaggedon is coming, see the practical application of that. What does everyday life look like when your entire net worth has been wiped out overnight and only the people with a gold coin under the pillow can buy food. It sounds to me like some dystopian sci-fi film where we're trading tins of pilchards for shotgun cartridges.

My personal belief (as I haven't pretended to hide) is that it is the very definition of too big to fail. It's not Lehmans. It's not Iceland. It's the economic infrastructure upon which the whole of global society is built. And I just don't understand what this future looks like once it's been zero valued. Again, I'm sure i'm coming across as facetious, but I'm not too proud. I've always been more than happy to learn from others.

@speedy - thanks for the reply. But I meant more in practical terms. So Joe Bloggs has £50k in a pension, and £10k in the bank. He earns £30k a year as a retail worker. He wakes up one morning and GBP, EUR, USD, JPY and CNY/RMB have all been officially valued at zero. How does the rest of his week look in practical terms?

I guess what i'm asking is what do you see as the practical process here. The options are surely either;

1) total collapse. 95% of the nation are starving in the streets. All private sector employers go bust and and nobody bothers going to work in the state sector because they can only be paid in fun tokens.

2) There is a weaning off fiat currency onto a "new" currency. Whether that be crypto/digi, gold bullion, or livestock, there would surely have to be a conversion. At which point it's out of the frying pan and into the fire, no?

What am I missing?

@Speedy

"Times are changing and along with all major currencies the coming inflation/hyperinflation will see them revert to their true value, ZERO"

You're suggesting that all major fiat currency will be valued at zero? What does the world look like to you at that point? As in, day to day life. What do you see happening to businesses, to the average citizen going to buy groceries, to the state pension being paid out? I'm genuinley curious.

disclaimer; I know this question sounds facetious, it's really not meant to be. It's just that whenever people predict the total collapse of fiat currency, it brings up interesting theories about what the world could look like.

@KEVWT - no worries. I have fairly good insight into the world of FAs. Assuming they're independant (and not restricted) you could ask them if they'd be kind enough to open a second 'self trade' wrapper (alongside your existing assets that they manage) which you can transfer and trade your DIY investments on too. Obviously there should be no ongoing fees etc for the FA for this service and I'd hope they'd just set it up as a bit of goodwill. That way you'll likely benefit from lower aggregate platform fees across your whole portfolio, and you'll also become more familiar with the position of the discretionary assets that your FA manages. Meanwhile your FA can see what you're getting upto in DIY world which makes your annual review and financial planning far more effecitve and efficient. Win win for both parties.

p.s. He/She would probably baulk a bit at first and (quite understandably) be concerned about advice liability on your DIY assets. But they don't need to be concerned so long as it's set up without any charge, and on your instruction. I say that with good authority from a compliance position. Hope that's of some use.

p.p.s. On behalf of your FA, please PLEASE don't compare the performance of a single AIM stock against a well diversified portfolio that's deisgned to manage the volatility of drawdown for a recently retired 'youngster'. It's like asking somebody to get your kids to school in a Volvo by 9:00am, and then raising an eyebrow because you got there quicker by drifting around corners in an Impreza :)

@KEVWT

I'm sure you already know this, but i see quite a few people talk about moving platforms, but with concerns about "being out of the market". You don't need any spare cash for that. A simple in-specie transfer can be transacted by most platforms.

for example, I like the speed at which I can buy on HL, but the rest of their service (and expensive platform cost) along with the pathetic reality that they don't have a Bed n ISA option at the moment, means that all I want to do with them is Buy the stock.

I then immediately instruct my "proper" platform to request an in-specie transfer from HL. It may take a month or two for them to pull their finger out. But I don't care, i'm in the market, I'm not selling for a long time, so I leave them to earn their repective crusts and sort it out amongst themselves.

p.s Staying on topic, I bought a nice lump today and intend to do the same tomorrow if it carries on dipping below 16p.

@Chartarex - good post. I have often wondered why so many holders here are surprised that the there isn't much ii interest. As you point out, the vast vast majority of ii's couldn't buy GGP even if they wanted to. Even if it was nailed on with a crystal ball. Until there's a PFS and/or we're pouring gold, they can't touch it. Once their mandates permit it, I suspect there will be significant interest.

not sure i undersand the question. Do you mean 'how can i buy a stock that is listed on the ASX?'

If that's the question, then plenty of providers will allow you buy on foreign exchanges. I personally use Transact. Not the slickest platform for a PI, but then I personally have niche user needs which they can fulfil.

Daveri - Not sure if that TikTok link is meant to be a spoof or not?

@Everyonesawinner.

- Do you have surplus cash that you want in the markets?
- Can you commit that cash to at least 24 months?
- Do you think GGP at £0.17 presents the best risk v reward opportunity that you're aware of?
- If you bought more GGP, would your overall wealth still be sufficiently diversfied?

If the answer to those four questions is yes, then go nuts. "Spoiling" your average is just a vanity thing... in my opinion :)

I think Smokey has done the correct thing (for what it's worth). If he's not otherwise using his full ISA allowance, and he intends to spend the money in his lifetime, then I see no problem with taking the PCLS (25%) and putting it in ISAs which will prevent him from hitting his LTA. By only taking the PCLS, you'll also avoid triggering the Money Purchase Annual Allowance (MPAA) which means if you're working, or even if you're not, you can still keep adding to your pension and claiming tax relief up to 75. Something that, for reasons beyond me, the majority of single income households in this country still fail to claim.

The only thing I would say is that there are pension providers who will allow you to make in-specie transfers from a pension. So you could complete this transaction without coming out of the market depending on your capital position. Avoids the risk of it exploding while you're fiddling with the tax efficiency :)

Learner - don't worry about paying 55% at 75. It's 25% on uncrystallised sums at 75. Yes i agree about couples LTA. It's ridiculous really that one spouse has £2m and goes flying past the LTA, while their spouse (raising kids etc) has virtually nothing. Both ridiculous on LTA and ridiculous that breadwinner then pays 40% income tax in drawdown while spouse is probably a non tax payer!!

Anecdotally, fun bit of financial planning... I've always mused if one spouse has a pension that will force them into the higher rate tax bracket in drawdown, while their spouse is not... could one just get divorced, submit a pension sharing order and then be "forced" to transfer half their pension to your "ex spouse", thus get the withdrawals back under the higher rate bracket by effectively spreading them across the couple. Not that I would condone such a thing of course! :)