Frustrating but remember.....23 Mar 2021 10:45
“The true investor scarcely ever is Forced to sell his shares, and at all other times he is free to disregard the current price quotation. He need to pay attention to it and act upon it only to the extent that it suits his book, and no more. Thus the investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage. That man would be better off if his stock had no market quotation at all,for he would then be spared the mental anguish caused him by other persons mistakes of judgement”
A quote from the book ‘The intelligent investor’ by Benjamin Graham ( fully recommend reading it)
I’ve put this up a couple of times and think it deserves another post
If , like me, you think that GGP have found a Tier 1 asset, then you know what to do.
If for some reason you think GH and SB were lying and the results we have seen are just a figment of their imagination then ,again, you know what to do.
I remember a lot of the LTH here were hoping for 3p, then 10p etc... so to be where we are now is fantastic.
Granted price has dropped considerably from middle of January, my wife keeps reminding me!.
However , even though I’m not an investing guru, my opinion is the share price will see at least those highs again.
How long it takes and how low it goes before it gets there is for others to decide (20p does seem pretty strong support).
But with the advantage of Paddysat, and results from NCM every 6/7 weeks, all posters here have more info than most shares on aim, to decide what they want to do.
Either long term investing or trading day to day.
I’ve stated many times I’m in until the end (all things being normal) , and while I admit I didn’t see the drop being so severe, I’m comfortable in the fact that Tier 1’s don’t appear so often,and with the climate we are in, and with the infrastructure being in place at Telfer, I’m lucky to be involved in a little bit of history.
Keep the faith
GL
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