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The big boys absolutely exploiting what they can. We will look at this in 6 months and laugh everyone, trust me. It will a few tiny blip red candles when you’re staring at money made with patience.
There’s always a turn.
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Chase
This is slightly concerning now. I haven’t sold, but this is abnormal. Still remains a major buy. Screaming buy. But it doesn’t need to be this low on anything known about the company and even the news in 2021 alone, let alone anything else.
There is no major advice for anyone now, you either sell take the hit, knowing you’ve walked from something you’ve researched and known is a good thing. Hold and hopefully see better SP’s in due course. Or buy.
Keep it simple now, not much we can do.
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Chase
Ambitious targets. 70p+ by EOY is valuing the company at £2.5 billion. I'm excited as the next man about where this is going, but let's not be blindly thinking the SP shoots up. It took Shaun about 3-5years to add £5billion in value to his previous so we're not going to be adding £1.5 billion from our current £875m market cap by 2021. We're doing things at incredible pace and there's loads to come within multiple licenses but steady on. By all means I'm happy to be proved wrong but let's not get too ahead of ourselves.
Despite that, this is going as well as could be, like i referenced previously, its like winning the lottery in slow motion. And that value will be realised but in a slower timeframe. The next results can only be good, I just hope the scally results come sooner rather than later. My suspicion, if the results were good why wait. Most likely it's still a struggle to find something worth giving to the market but we'll see. Again happy to be proved wrong. It's an exploration game, and things take time, albeit we've seen the impatient come and go from the initial results.
Conclusion: Thanks for reading. I jest, it's about as good as can be currently. The more i look at everything we know the more I cant believe I can buy at low 20s' and continue to do so. Similarly, I do wonder when NCM will push the button and just buy the rest of the stake out. It's becoming more and more valuable all the time and gold will reverse due to stimulus. A real exciting time for miners and GGP is at the forefront.
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The gold price is assumed quite high which I think it will reach but may take some time to do so. I’m on the fence with this valuation to be honest. Look forward to the discussion over the coming weeks.
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Interesting this RNS has come pre the other Scally results. Not reading too much into it either way as we know there's a huge amount of exploration to be done with multiple targets, with an underlying beauty in HAV, but nonetheless intriguing.
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Agreed could see some money shift.
OMI apparent ‘good news’ currently 21% down. GGP has never come close to this. Levels to this game.
Within the year I foresee this being closer to 50p than 20p.
For a tier 1 this price is like winning the lottery in slow motion.
GLA
Chase
This is actually incredible.
So many people that wished for these levels have the opportunity now. If you can just be patient, take the plunge, deal with a bit of volatility (albeit this is all manual MM manipulation) you literally have the chance of realising your dreams. Even with a few 'exploration RNS's' to come at scally, that....YES could be bad. GGP are an explorer. But, We still have a tier 1 gold asset. Massive. Hahaha. 21p.
Insane, price drop.
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Chase
Absolutely completely savaged and manipulated down. We're lower now than in November and had more news in that period to strengthen the analysts price of HAV alone.
It carries on the way it is 22.796 has become a key point. Could be a catalyst by week end for the mother of huge reversals, or could continue to be pulled down. Let's forget the technical and understand the fundamentals:
1. The gold hasn't gone anywhere, only more has been found from the latest report.
2. New CEO has positively reinforced what a ridiculously good opportunity this is for himself and for the company.
We don't need much more to make a logical decision that this is still a strong strong buy signal.
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Freddie recommended your post.
Yes people might get carried away, but that's up to them. Still doesn't detract from what an unbelievable share this is, and if people voice that and boasting that's their decision. Or perceived boasting if you read it that way.
I don't usually post this much but I'm going to shut up. Feel free to read the rest of my posts and decide if I'm trying to help or not. I usually try to aid the worried or cautious or apprehensive investor where possible. Not saying you are, but my posts are alike in general. People will perceive information only as they read it.
Chase
Tom is right in his point.
You are naïve to think it's us, this board, causing these massive dramatic market movements. We have a part to play (a very small part), but we've seen 3-5% daily flux mostly downward. We don't cause huge fluctuations like that, institutions do. Believe it or don't' believe it. But if you think we're the reason directly, you're way off.
This is being manipulated downwards, for what reason? None of us will know. But what we do know is institutions are increasing % ALL THE TIME. (refer to morning star ownership of shares, twitter etc - you' see it first hand). Paddy himself tweeted these figures increasing.
Freddie - you're right, Yes we're losing from adding more from another position, but this doesn't matter if you believe long term. So no one is really 'spinning' anything. Yes it's going down, but yes it's still a good buying opportunity. Not sure what you want. Paid market professionals value HAV at 33p....I think you take notice when it starts going 10p sub of that figure. Like any investor should for research purposes on a share.
I like the passion from everyone, shows you care.
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Loggy - 'no news' referring to the amazing updated Newcrest report received 5 days ago......
The exact reasoning your pointing out is happening here. Manipulation by MM's.
Nothing has changed people. Stop worrying and buy the dip.
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*checks IG index RSI technical indicator for Daily chart* = 28 = oversold (oversold RSI is anything under 30).
Last time GGP shares were ever in oversold category = Tuesday 6th February 2018. 2018....
Look where we are now and everything we know.....opportunity of a lifetime still. Make use of the dip.
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Totally agreed. There is no bad Haveiron report from here on. Unless the gold disappears. which last time i checked the science, doesn't happen.
Opportunity to buy a crazy oversold dip! If paid professionals/analysts say its worth 33p. Even if you think it's 1-2p either side. At current level coupled with professional advice. This is ludicrously discounted.
screaming buy.
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Chase