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This whole obsession with a supposed bid has totally unjustifiably dominated the chat today. This all came from perhaps careless wording by an analyst who probably has far less knowledge of, or interest in, GGP than many reading this. We all know that there is a potential of a bid for the company but there has been absolutely nothing recently to further the suggestion that it is at all imminent. In fact everything points in the opposite direction with the comments of the CEO and recent Board appointments. All LTHs will have had concerns that the price was being walked down by some entity to enable a bid on the cheap and that still might be the case but until we have some clear evidence that view is entirely speculative.
My view is that we should park this issue for now and concentrate on the massive newsflow coming our way in the next few months which should move the shareprice in the right direction. If a bid comes, so be it but it better be a good one and even then, given the size of the asset we have, a bidding war will be almost inevitable. A mouthwatering prospect!
Fact is, nearly all junior resource stocks have fallen about the same amount. Don't know how to add the link but have a look at the table posted on Twitter under GGP by Oilplayer 2009. Says it all really. Leave the conspiracy theories out of it. It is just indiscriminate poor sentiment. The good and the bad are all down. Just watch the good ones on the way up!
Anyone else feel that the positive vibe of the PFS is going to be totally overshadowed by the gold price tanking, the markets teetering and the Fed seriously considering the beginnings of tapering, all of these factors creating the perfect storm to hammer all stocks and to cause liquidation of gold stocks as well to pay for losses elsewhere. All this potentially to come AFTER we have already fallen approx. 70% from our highs. I have an ominous feeling that more pain is to come and that the big positive news will be totally swallowed up in the tsunami.
For those of us who need, at least, some of our cash in the short term, I feel that tough decisions are ahead. I will no doubt be called a deramper or worse but the atmosphere on this board at present causes me to think that I am not alone in my views.
Friday's price action was a real punch in the gut. Sadly, I think it shows us that whatever the news flow in the near future it will have no positive effect on the shareprice and that includes the PFS when it comes. We all know that the PFS will be a positive one and will be based on the outdated MRE. It appears that there will be no surprises. Why, then should the shareprice move on this when it continually fails to respond to fantastic news every six weeks. Perhaps the upgraded MRE in December might do it but this is increasingly looking like a very long haul. Why oh why did we not sell some at 38p? Will we ever see that price again?
This prolonged bout of selling throughout the whole of this year is truly baffling. I have seen many theories put forward on this board but no one, as far as I can see, has truly nailed it down. Now today again. Incredible results and down we go again. Who the f__k is selling? Can anyone explain their motivation? Just truly perplexed.
Director sale- at this price? I know, there could be a multitude of reasons but this is just not a good look. Thought it might be a purchase from the Dear Leader but obviously not cheap enough for him yet. Where the f--k is this headed?
The assumption that Europe is waiting with open arms for the famous Avacta test is just ludicrous. This whole episode has been just farcical from beginning to end. Even McNulty's last tweet seemed to focus on us as a long term play. The game is up; we are done. Smith has totally led us up the garden path. Disgraceful. Screwed by Aim yet again.
The view that everything is really ok because Avacta will simply pivot to Europe for sales seems to me to be totally deluded. What evidence is there for this view. Is it seriously suggested that Europe is just wide open and waiting for a tiny Yorkshire company with little or no proven production to simply walk into their markets, which have already multiple LFTs available, and dominate sales? This is just nonsense. Sadly, Smith has totally messed this up. Incredible and unexplained delays have done for us.
I watched a recent Steve Todoruk interview on You Tube and decided to email him asking about his views on Greatland Gold. Much to my surprise he replied the next day with a very lengthy email. He speaks in glowing terms of the company. Among other things he stared that " this ( Havieron) is on of the top new discoveries in the past 10 years"and "Greatland is one of my current big wins for my clients" He further states that he is "certain that the deposit will get a lot bigger" and finishes off with this, " Hold and sit tight. I've got to believe that we've seen the bottom so should start going up from here as they announce more drill results growing the deposit bigger"
A glowing endorsement from a geologist andindustry expert. It is this type of individual who should be listened to and who should give us all the necessary fortitude and backbone to get through this difficult prriod.
The game is up guys. Rather than finding the infectious this bunch of clowns now seem set on avoiding them at all costs and letting the virus rip through the population hoping that the vaccines will protect most from serious illness. They will just take the deaths on the chin. This is a breeding ground for variants so we will see how this will develop. It is not as easy as some say just to move to Europe for sales. We don't have the market there to ourselves. As we know, the best does not always prevail; I would say it usually doesn't and who can have faith in Avacta's commercial nous. This whole saga has been farcical. If you hang your hat on Boris, Han**** and the like you pay the penalty. A marvellous opportunity lost now I fear. Yes, we have definitively missed the boat!