Member Info for dsmith57

Drift? This is now a total rout. The price has been totally trashed and I am utterly confused as to why. I understood the SWAG drop but this? Anyone got any idea?

For God'sake this is the GGP board. Shows the type of people frequenting at present. Obsessed with the Reddit carry on. Gamblers, nothing less. No wonder we have sold off in a panic. Total joke investors.

Can anyone advise how you go about joining?

Paddy: Don't think we have heard your definitive take on the madness of the price drop here. Many different theories have been suggested. I think we would all value yours. ATB and thanks again for all your tireless work for all shareholders.

If the buy/sell ratio is even approximately right and we have seen absolutely no upward momentum in the share price then it is very likely that there is a very large sale in the background here. I said earlier that inexperienced traders have been responsible for the drop here but it seems that there is more to it than that given today's price action. I called 24.5p as the bottom and we settled there but there was a drop to the mid 23s around 4pm which was disconcerting. I know I will get hammered for even suggesting this but given the new appointment and GHs demise could he be selling off? Who could blame him? Just a thought.

TomE: You find it difficult to understand why people would sell GGP. With respect I think you must agree that there are different types of holders. You and I being LTH and having done our research know the potential here and would not consider sacrificing our shares, but many others, as I said in my last post, jumped in the bandwagon having done no research at all and when the Swag rise didn't happen, panicked and sold and those who held on saw the lack of response to the Newcrest results and ran for the hills. None of this matters to you and I but the inexperienced short termers can't hack it. I really think that we are now over the worst and, I think like you that normal device will resume shortly. ATB

Think I will call the bottom of this insane drop at 24.5p. What the hell has happened here. My take is that a huge number of inexperienced retail investors were sucked in around 35p on the hope that SWAG was going to propel us to the moon. Delay led some to sell off to around 33p and the results themselves caused an absolute avalanche of selling. Some held on to see if the SPwould settle and it briefly did, but it didn't rise again as many anticipated after Newcrest results so the short termers then resumed the panic selling. This is just one of the downsides of investing in largely retail held shares. On the up it's fine but on the way down it can be like a waterfall of selling. Like many LTH I have not sold but added here. Where we are is simply wrong and the feeling I get is that the selling may be petering out. I may be wrong, but you know what? I don't really care. It is sore watching your paper profits diminish but if you have done your research you KNOW that we will be back in due course. GLAH.

This latest pathetic effort at an RNS is the final straw for me. Does anyone even know what it means? Am I the only one who thought we were at this stage over 6 months ago? I will, no doubt, be called a de- ramper or worse. Not so. I have held a large number since 40p days. I have gradually sold out given the lack of transparency from the CEO. This has just not felt right for months now. It just stinks of so many other AIM pipedreams which have ended very badly. This morning was the end for me. GLA.

Damp squib of a day. So much for investors buying in for the results tonight. So disappointing to see momentum and confidence totally shattered. So angry with myself for not de-risking in the mid 30s. Mark my word this will now be a long, slow haul back. Just shows you that nothing is a sure thing on AIM.

Sentiment totally sucked out of the share price and not confident that even a good report tonight will do much in the short term. Very disappointing for everyone but the froth is well and truly blown away and hopefully a lot of the short termers and traders. Yet again I have been unable to sell some at the right time, a repeated failing of mine which I think is telling me that the markets are not for me. I have had sure things in the past that have imploded. I don't think that this will be another but who knows. If it ever reaches previous highs again I will be selling off a good portion. I have had a good run. I think it will now be a long haul back.

Merc HAS been rumbled. On here proclaiming holding for ever and on the OMI board at 8.37am yesterday proclaiming that he would sell up here if not at 40p by Thursday and put all in over there. Just shows you that you should trust NO ONE on here or anywhere on LSE. Merc has no credibility whatsoever now. Anyway DYOR.

jdt. Look at Magic's view. No real hope that next 4 drills will be any better. Didn't go deep enough. Good God, Greatland's success at Havieron was because they went deeper than others had. This was a bad failure and was avoidable. Sentiment and momentum has been shattered and I am not hopeful that even a good Newcrest report next week will propel us back up in the short term. If my memory is right the last good report didn't do very much for the share price. In fairness my view of the present situation is coloured by my particular circumstances. I am retired and want to cash out my SIPP asap. I am very much in the sale of the company camp. 50 or 60p a share would suit me fine. By the way, I think that there are a large number of people on this board are of the same view but aren' t saying so!

A sorry last few days I'm afraid. Large paper profits slightly less impressive now. I am just confused as to why Greatland did not drill deeper. This just looks like a monumental waste of time and money and it has seriously stalled sentiment and momentum. Looks like a long haul back to the mid thirties. Yet again a lesson to be learned. De-risk at least a portion of your Holdings prior to wildcat drilling. We all thought that Gervaise and Calum could do no wrong. It was us who were mistaken I'm afraid.

Reason for shallow drilling? Everyone said it was a shallower target at Scally. Now it seems all are saying we didn't go nearly deep enough! The company's explanation better be good since this seems to have been a total waste of money and damaged the share price hopefully only temporarily.

Anyone here who wish they had never heard of SWAG? If these results had never existed we would be sitting pretty at 33 or 34p and full of enthusiasm waiting for Wednesday night's results. It's a funny old world.

Just makes it clear that all the speculation about Scallywag was just a waste of energy. People said it must be a bit for the new CEO to have shown an interest in the job. Others said because we had surveyed the cores before sending them off it must be good news. The truth of it is that nobody knew and we all should have made the choice to wait on the RNS or bank some profits, something I just never seem to get right. In truth NCM decision to exclude SWAG from the JV speaks volumes. In saying all this there has been a gross over reaction. Let's get the focus back on Havieron and the next results.

Remember the period of silence after the drilling of Scally when we were expected to go to Paterson East immediately. How did that all resolve? A surprise RNS from Newcrest about a new JV. I am convinced that we are on the cusp of another such announcement. Greatland confirming grades on Scally and involved in new JV discussions with Newcrest We will soon find out. The recent drop is to be expected given the quantity of retail holders and traders here. LTH are not concerned in the slightest. A cliche I know but just be patient and HOLD!

David Harvey was Scottish!

"torcher." Good God!

$30 a pop, apparently.