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Why would Shawn Day head hunt, interview, issue employment contracts too and announce this experienced team to the world if, he was not sure we needed them.
Clearly, we have Newcrest managing Haverion.
Therefore, employing and paying for this addition team when you have found nothing would be crazy?
One must remember this team have been acquired when drilling has been conducted at JV and Scallywag!
Let me tell you my Greatland Gold story.
I came across the GGP share in March 2020 after a large daily rise so, this was the vent which caused my journey. I began to read as much as I could and have to say I was persuaded dip my toe into the AIM water.
I read as much as I could, read more, phoned up GGP, chatted to friends discussed the same with them, and they like me became sold of the journey. It also helped that I worked alongside the geotechnical profession. I sold many of my other shares to buy more and more GGP as time moved on and so, did my friends. When doing so, we believed this company had prospects. Knowing I could never know everything I accepted I might be foolish however to ignore my gut feeling would be more distressing.
By June GGP was by far my biggest position and the disparity has grown and grown over time. By November/December 2020 I did became a little nervous because of FOMO so sold about a 10%. I now regret I did not sell more at the time, however, remain very happy believing this down draft in share price is quite normal.
Despite GGP share price going down, wisely or foolishly have bought more and more each month – not on account of chasing losses but because I think the company is getting stronger and stronger. When buying as many as I have, I must say I have been happy to do so and never have been plagued with the worries.
Maybe I should be worried however I cannot fight every bone in my body all of which are saying it is so cheap now. I probably have the benefit that I am to date still 75% up, overall.
Don’t take this as a recommendation - it’s not - its simply the best hunch I have ever had.
In the past, I have wished I had (in the past) backed more of my hunches. Because GGP a biggest investment position I have ever had, I now checked the price every day, were as before, I only checked it was once a week.
Am I the ‘ a clever devil’ and the prudent investor or the ‘bag holding fool? Whatever I am, time will tell eventually and I only have myself to blame.
I am happy with what I have done, believe it’s the fairer of many paths that I could have taken.
To all posters, I have to say; ‘a big thanks – I have welcomed all good or bad GGP comments and can assure you all been well received. Your comments have made me reconsider, re-evaluate, take stock and act accordingly. The strange thing is every conclusion I have drawn has resulted in me ‘buying more
Sorry for any mis spellings
Should you sell up Trouper?
Well, that decision is entirely up to you!
At one point you were confident with your decision to invest however, you must be less confident now and for reasons - not explained.
If you are unsure what to do, sell up now. I am pretty certain you will be able to sell today as they are thousands of buyers waiting to take them off your hands.
If you believe by putting your money into a Bank is safe, then you have concluded this is the best choice for you and you believe Banks are safe. It must follow that you believe these safe Banks are astute, respectable, honourable and make considered and prudent decisions.
The safeness and your belief they are safe is of course based upon the following facts.
The Banks: -
Manipulate interest rates.
Over charge student on their educational loans.
Mis-Sold billions in ‘PPI’ products.
Operate within ‘Unfair Relationships’ with others.
Assist others to sell their financial products KNOWING they were not regulated to sell the same in contravention of FCA guidelines.
Given false and misleading statements (when tendering advice to Business, Governments, and Consumers and despite CROWING they are honourable.
They invested hundreds of billions into collateralised debt obligations costing Central Banks, Governments, Consumers, Investors, Employees, and Mortgagees - a fortune.
Rigged Libor Gold and Silver rates and a swath of other indexes and commodities. The list goes on and on, yet - some believe ‘Banks are safe’!
Of course, the greatest title to the Banks never ending fame is getting their enterprises into the term ‘Bankrupt’. Aptly, the word ‘Rupt’ in Latin means “burst.” Banks ‘disrupt’, ‘rupture’, and ‘interrupt’ your life.
I supposed we have to live with them but to trust and consider them safe a consideration ‘beyond the pale’.
The US debt is now slightly over 100 trillion $ (with interest)
If you stacked all that $ money in one pile, it would stretch 6,786,616 miles. I.E., reach the earth to the moon and back 14 times.
If you laid all out all the US $ in a carpet it would cover 399,189 square miles size of Texas and California combined
If you laid it out end to end and in a straight line, it would stretch from the earth to the planet Saturn and back six times.
Traveling at the speed of light it would take you 16 hours from the 1st note to the last.
When you consider how much more debt including derivatives the US have promised to pay in the future, this number is 9 time more. I.E., 6 Days traveling at the speed of light to travel from the 1st note to the last.
The only thing that is going to the moon and beyond is U.S Debt.
Makes you think eh?
I feel for those who have to sell. However, being an investor for just shy of a year now, having read much on this site and the information the company and others publish, I am so happy to keep buying at these prices.
In my non-intellectual way, at these prices this share is a bargain so am very happy to and do keep buying this share every time it drops. I am not bothered that it keeps dropping and I want as many as I can and am prepared to hold them long term. I could be crazy, could be completely wrong however, I cannot see anything that bests it.
Nice to see I am in good company Matt, I bought more this morning.
I used to measure my financial stability on how much I had in the Bank. All that change in or around March 2020 when I spent weeks on looking at Greatland Gold. I first bought in at £0.05 and left that investment for a few months without looking how it was doing as, I expected it would take some time to mature. I then began checking my share account every week and as the weeks moved on as it just kept advancing.
Because it was doing so well, I added more and more. Then in December 2020, the rout began, which I have to admit surprised me. That said, after all I had reread on this board, other like it and the company website, I felt I needed to call Greatland Golds offices, which I did and spoke to a lovely lady who gave me an hour of her time.
After the conversation ended, could not fathom out why the shares acceleration had stopped and why the price had fallen out of favour. I respond each and every week by adding more and more shares as the weeks move on. I will continue to do so, as now I measure my financial stability on how many shares I have in this great company.
I cannot help feeling sorry for those who believe they have to sell these shares but am buying what they do not want as I cannot see any reasonable reason why I should not.
Maybe I am daft - may be crazy at times However, I am a happy buyer and will continue to buy what others do not want.
Thanks Dillion, If we are wrong; so is Newcrest, the Directors of GGP, the Government, the laboratories, the industry experts , the brokers and the ETF's. The share price today; when considering the speed of this project simply 'beggar belief'.
The short term never makes any sense. That said, the long term does. I for one believe in the company and what is says it will achieve. I know this might be be welcome but every time it drops I buy more. I probably should have some worries however, every time my finger wanders over the buy button I never seem to flinch and simple Buy more and more and thank my' luck stars' that some want to sell at these prices. I know everyone will have an opinion and I could be wrong - but every sense tells me otherwise.
It might sound a little bit strange but what an opportunity, Two big dips that were never expected. Knowing this company far more that any other investment i have, and being in for the long term i could not resist buying, buying and rebuying the dip.
Thanks for all you help Guys and Gals - You are all stars in my mind.
https://stockinvest.us/stock/GGP.L
predicted share price between 55p - 70p probability 90%
Can this be true?
I cannot commend ‘Paddygal' like some of the poster. I bought GGP ’ and 'sat on hands' bought more and return my hands under my posture and have sat on them ever since, which I accept has made me more lots of money however, the consequence are -my index finer went blue which now prevents me from entering Lancashire annual noise picking championships LOL
Its the Final Countdown Boys and Girls
https://www.youtube.com/watch?v=9jK-NcRmVcw
Hi All
For me, I have worked most of my life, gave value for the work i did and I received payment in the form of money. Having saved some, I was finding that the government kept taking from me, the value I earned and then wasted it. So, this year I thought I would invest it instead. I can say it know a lot about stocks and shares .
Then I stumbled across Greatland Gold in April this year. Since then, I have not only protected the money I have, nearly quadrupled it. Lucky or what? GGP is a good company’ run by good people and in - challenging times. The Directors are not boastful nor condescending and have every stage ‘enhance shareholder value’. I am happy to back them all the way. Of course, I have taken out a little every now and then, which is to be expected. However, stuck it back in when the share price drops. I have the same number of shares, but along the way, have also got more cash to spend because i bought the dip. Thanks to all for the advice, research, and snippets.
I play ‘Blackjack’ and not very well - I might add. When i play I clearly know what my hand is, however, am required to speculate on what hands I must beat, to win the ‘loot’.
What would be like if, I could see the sequence of cards before they are dealt and before I placed my bet?
The risk averse employees of GGP like most, work for salaries however, in this case, also have share options which they can buy ‘if and when’ they believe - the time is right.
Since Friday last, the employees of GGP have been buying large quantities of their allotted options, which begs the questions ‘why’ and ‘why now’?
The employees are on site, in the know and are witnessing: all the evidential information provided by the present drilling campaign and which will form the basis of a future report. Their reaction is, ‘buy everything’ they can and now.
If the news to come in the expected report - is bad, I don’t believe the employee would exercise their options, if the news was mediocre, I think the employees would wait before exercising their options or if the employees can now see all the cards that are unfolding and have been dealt including those that are about to be dealt, they would know if they had the ‘NUTS’, the corresponding reaction would be, I’m ‘all in’ now.
The RNS on the GGP website shows, the employees, like the Directors, are ‘ALL IN’ and have paid many hundreds of thousands for the privilege.
My question is, what better news to people want?
Hi. I am a first-time poster so, be gentle with me.
In March, I bought a considerable number of shares in Greatland Gold for around 5.8 pence. When doing so, I considering the publications the company provided and believed an investment into this company had legs, as - it was operating in a safe environment with credible people who make prudent and considered decisions.
That view has been reinforced week-after-week and month-after-month as the directors continued with their plans accordingly, the company has gone from strength to strength.
It seems to me, the Directors have done exactly what was promised, achieve the goals they set, on time, without bluster or Whizz and in taxing-times.
That being so, I hope the Geatland team stays together and do not sell the company nor its asserts.
My reasoning is, I cannot find a better, more dutiful, or genuine team to invest in.
The ‘frets’ being caused by this interim drop in share price, is probably caused by an unjustifiable hike in market capital last week. In my reality, the share price, needed to retract somewhat, but (I suggest) not to this level - as now, it is a buying opportunity.
From my point of view, it is an investment I want to see to the end and I happy with those on the rudder and at the helm.