RE: GGP - PaddyGall,Tiburn & Expl Geo9 Feb 2019 11:53
Spymaster
That is a good point about a few % holders will show their hand. For every 20-25 small traders jumping out, there is a 2.5m buyer as an example taking stock off the table. That’s around £50k worth of stock going off the table into stickier hands. I cannot see someone staking that amount simply to try and sell out for a small percentage rise, It’s too risky. They would have done a decent DD assessment and invested. In fact in my opinion they have most likely invested at a time when the herd (rampers/derampers) have scuttled off somewhere else for their fix.
I made a point the other day that almost 20x1m trades (buys) were done. Again this is not small time punters sticking £18,000 approx on each trade or around £400k. This is got to be a bigger game being played out and watching the cards as they are dealt. On the flip side there was a poster on here the other day explaining their opinion, making out like an expert, and then telling everyone what we expect etc. Then they tell everyone they bought at 1.788p. The only large trade done at that price was 174000. So if it was not that one all the rest were for around 50 or 60k! Now that poster has disappeared.
Not all of us are qualified or expert geologists but we are good in other areas. I can honestly say thank you to some of the posters on here who have taken time to educate the less well informed like me on areas I would know very little about. You deserve to be rewarded.