Member Info for dsmith57

" I suspect what's coming. And it could be any day now. I'm gutted. I have to say. I was hoping to see this through..." A quote from our Uber Ramper, Hydrogen. Totally out of the blue he seems to think that the game's up. After all the big talk he now sounds, suddenly, defeated. This guy is a manipulator. Take everything he says with a huge pinch of salt. For my part and given the beaten down mood here, we are near capitulation. We all had our chance to get out in the 30's and didn't. This is too big a deal for the big boys to miss out on. We will be taken out in the low 20's at best in my view.

Do you need to take your 25% straight away or can you take monthly income for a while and take the 25% later?

Got to say that whoever it is who are playing around with this share are total masters in placing the maximum amount of psychological pressure on holders who are anything less than fully committed to the company.
How many times in the last few months have we all been convinced that we were beginning to climb out of the hole after a decent daily rise only to be battered back down to ever lower prices. Once is difficult enough to stomach but this has happened many times, giving the cumulative impression that there is no way back whatever the good news. Pressure piles upon pressure and many buckle. This tactic has been in play now for nearly 12 months. Only the strongest survive. Everyone must now have the courage of their convictions. I have little doubt that we will get more good news next week and even less doubt that there will be no material uplift in the sp. THEY HAVE NOT GIVEN UP YET. Neither should we.

Tom : Respect your post and happily agree that Paddy is almost legendary on this board but how can you possibly say that his "advice" to sit on your hands here has been the right call. For the many who have done just that it has led to a catastrophic paper loss and a load of grief. Paddy's view was plain wrong in retrospect. Sell and buy back was clearly the right move. I don't think many took that course unfortunately.

Got to say that I agree Antigua. Day's comments today we're very lame indeed. Anyone expecting some grand plan would be dismayed. Blah, blah blah. Need money for more drilling ( only a week or so ago said we were fully funded) Disingenuous and unimpressive. God knows when this bleeding will stop and Day is not even trying to explain the drop never mind trying to stop it. Maybe if it drops to single figures, and don't rule it out, his beloved Institutions will mop up. Totally fed up!!!

No sign of a bottom here. A total living nightmare for nearly a year.

All I can say is that we have taken the mother of a psychological battering over the past 10 months or so and particularly over the last few months. God only knows what is going on. Holding and seeing how it all plays out is a no brainer given that we have had almost exclusively good news over that period but for those of us who are retired and waiting to cash in our SIPP it's not quite that simple. Got to say that, like many, I am finding it difficult to forgive myself for not cashing in when we were comfortably over 30p

I truly hope that you are right, Sanibel. Named after the island I presume. Holidayed there once.

I hear all your comments. You are right, a lot of lth would not be interested at 30p, me included but you have to understand that an awful lot of people got on board here at 30p or higher. They will be desperate to get out given the stress of this year. To many, 30p is a joke but to many others it will be a godsend particularly if the sp at the time is in the low 20's or below and an offer of 30p comes in. I stick to my guns, sadly and disagree with you all.

Matty: Sadly, if 30p was offered it would be accepted. So many here now just want to recoup all or most of their losses and would jump at 30p. Just don't believe that there are sufficient numbers of pi who would have the balls to tough it out even though they could if there was some solidarity.

This is absolute torture and it has gone on for almost a year. God knows where we will end up. We all have just to hang on and get through this. The worry is that this gets so low that we are snapped up and never reach anywhere near our potential. That is odds on now I'm afraid.

What today tells us, sadly, is that even drilling results like last night's will shift the sp not one jot. If last night's didn't none will. Quite why that is the case is a total mystery to me but there we are and nothing, it seems will change that fact. Anyone who denies that this sp is being manipulated is just a fool as far as I am concerned. I can really see how the games being played can wear people down. For over 10 months now the price has been eroded and the tactic clearly is to frustrate holders to the extent that they will come to the view that if results like last night can't move the price, what will and they will sell out. How long this goes in for is anybody's guess. It is tough to zone out but that is what we all must do. Havieron has become an absolute monster and we own 30% if it. Let that sink in. Games are being played and no one really knows what they are. What we do know is that one of these days a switch will be turned on and we will be off to the races. It may be that the upgraded MRE will be the catalyst or it may not be until the DFS is out on the table but it will happen. All it needs is patience.

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!

Let's not go over the top but after the year we have all had is it too much to think that all the grief is beginning to come to an end. Caveat: we are still only at 19p!

Thanks, Casey.

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!

Viking: Total fantasy. I am a LTH with a lot more shares than you I'll bet.

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.