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Seems like the mining sector, especially anything in Western Australia is enjoying something of a renaissance.
Not convinced by any stretch that THR is going to be anything more than a short term gamble but as a momentum investor, happy to have a punt.
And yes, using some GGP profits. One of the million ‘sells’ reported earlier is a buy, which means the other must be too.
A measured response Dip, but why would I want to see my profit eroded?
Like many others today, I was in a much better position early doors than I was at the finish, having seen £0000s in paper profit disappear.
If I wanted to buy at a lower price I would have sold when the SP was +15%
I’m staying exactly where I am until Scally results are known and the MRE is released. Depending on the MRE outcome I may sell or stay invested.
I’m not going to declare a SP objective as the overall picture will change. Back in the day I thought 15p would be my sell price.
I don’t have to disprove or prove anything Dip666.
Anyone who thinks that a comment I make on a public forum will drive the SP down is of very low intelligence.
I’ve always been positive re GGP, but I’m also a realist. The point I make, albeit in a harsh way, is to explore the negatives and positives equally, by doing so there’s a good chance to make money in the AIM casino.
Thus conversation will prove much more useful by the way than the ridiculous guess the SP in however many days time routine.
And like many others I want to read the useful posts not the rubbish have to wade through.
Hope that helps. :)
To be fair, Bigslick’s view is just diametrically opposed to the over-exuberant positive views which prevail on this thread. His knowledge of GGP is no worse than the majority who depend on the minority to keep them informed (and then claim to be knowledgeable lol). It just so happens 99% of posters are holders and don’t want to read anything but positive stuff. Which is why most PIs hang on far too long after they should have sold.
Basically, any decent research / info has been well and truly buried in the nonsense of share price crystal ball glazing.
I noticed that a poster had claimed this board is full of knowledgeable investors. Personally, I dispute that claim, for sure there are one or two outstanding contributors, the rest add nothing, just like me. But then I don’t post very much at all.
An example of such behaviour is the recent addition to the GXDJ ETF. Most on here won’t even have heard of an ETF before never mind the type of funds out there. But all of a sudden everyone is so expert on ETFs and the effect inclusion will have on the SP.
Talking of which you do all understand that the SP is inextricably linked to the Market Cap? So guessing the SP will be double what is now means that £750M will be added to the company’s capitalisation? And what exactly will add that value? It’s taken a huge amount of drilling at Havieron to achieve today’s market cap, a couple of drill results from Scallywag however good won’t double the SP.
Having said all that, the Market is never rational, so I’m quite happy for the lunatics to remain in charge until I sell.
Re pension advice.
Why are you not talking to a professional pension advisor?
I really struggle to understand why anyone would ask for advice from people you don’t know and no idea what their skill sets are. The most important decision of your life and you’ll trust whatever replies you get.
I certainly wouldn’t and I doubt you would either, so it begs the question, why are you even asking?
So Kevin, who posted the comments below? Recognise your own handwriting?
Somewhat hypocritical in the context of your short sighted seller comment, no?
Just saying.
The bigger question is how much upside potential is there and when is the right time to sell. Spratt is leaving now and good luck to him. I will hold a lot longer and at least until the MRE, but whenever you get out, never worry that you have gone too early. You do what is right for you at the right time and in the right circumstances.
Just because someone sells doesn’t make them ‘short sighted.’ People have a multitude of reasons for selling and shouldn’t be criticised by for doing so. Some of us are sitting on, relative to our personal circumstances, significant profits and every 1p change in the share price makes a real difference. I still hold my original investment but I’ll sell when I’m ready and not lose a moments sleep when I do just because some numpty thinks I’m ‘short sighted.’