Member Info for get_rich_quick

Hi, all,

I wholly accept I need to do far more due diligence, but as an overview, are there any numbers that show how much GCP sells Ounces of Gold for (I know the current market price) but clearly we don't sell at that price to our downstream customer, as they won't make profit on it.

And, who are our outlets to? Who do we sell to?

I'm trying to understand that side of the business model and I've dug without finding the answers.

Many thanks all.

GRQ.

Https://simplywall.st/stocks/gb/materials/aim-ggp/greatland-gold-shares/news/greatland-gold-plc-longgp-about-to-shift-from-loss-to-profit/amp

Bigbadbob,

I'm genuinely in utter awe!

But if you've held them in an ISA, and you can only add £20k a year, it must have taken you ages to accrue that amount of value in your stocks and shares ISA.

My house is only worth £250k and you've pretty much top sliced the value of my house...!

I tip my hat to you, sir.

However you've acquired your wealth, I hope you acknowledge it everyday and you are generous with it.

ATB.

BigBadBob,

Wow! You've top sliced over £200k worth?!

That's more than my entire holding and that's your top slice?!

I tip my hat to you, sir.

Forgive me for asking, but the tax implication on that alone must have ruined you.

GRQ

Longtimeinvestor,

I completely agree with your point, and it is possible with the reduced amount of shares, we could see a higher SP than (as you say) £9 but, banking stocks are cyclical, and they adhere to environmental issues and will inevitably crash during our next crisis.

I guess my clumsy point was, do I take my healthy profits now, and look to re-invest when the next climate impact has on these type of stocks.

I started to buy handsomely here during the pandemic (I didn't catch the bottom) but I was in at £3.50 onwards as I wanted to load up primarily for a dividend income, but dividend income pales in comparison by my current profit %.

I'm a relative lowly investor, and I haven't got the brass cajones to toy with my profit.

Actually, I think I've just answered my own question....

ATB.

I'm quietly doing cartwheels with the current SP.

I'm not sure whether to sell a few at the moment as I'm sitting on a healthy profit and historically, HSBC doesn't go beyond £8.50 ish.

ATB

I just want to say congrats to any long term holders who have held since the days when this dropped to around 92p during the pandemic.

I had an average of £1.38, to the tune of £25k invested, but I sold out at around the £1.50 as I because a little tired with the comtinuap threat of holidays being jeopardised due to new covid strains.

So, congrats to any peeps who were around then. Well done for holding your nerve, and good luck to all invested here.

Regards.

GRQ.

Obviously I mean GGP...

Crikey. Don't want to be accused of weekend plugging...

Tymers,

I'm a long time poster on LSE, but short term investor in GCP.....but what I will suggest is...

Talking waffle on a LSE board is surely OK over the weekends.

Yes, the board is for topic/discussion of our beloved stocks but, it's also a social platform, and we all deserve time away from heated debate.

Enjoy the rest of your weekend folks.

GRQ.

I've only held these shares for a week, and I snarled some at a smidgeon under 5.4p, so I've made a healthy 25% profit.

I'm not a wealthy man, but making a £1k in a week can go a long one in my emaciated wallet.

That said; I still see the Sp going higher. We all want to make some quick cash. That's the name of the game.

Have a good weekend all.

GRQ.

Https://australianminingreview.com.au/features/greatland-all-in-on-australian-gold/

Threeturn,

What you said is technically correct, and that is a share consolidation shouldn't affect the overall but the truth is, it always does.

I've lost track of the amount of consolidations that I've been through in the O&G sector, and more recently - TUI.

A lot of investors like the volatility of penny stocks as the swings are far more dramatic and are influenced by sentiment, and they have a perception of holding hundreds of thousands of shares in a company (if not millions) but when it consolidates that huge number of shares dwindles.

I acknowledge it's a psychological thing, but people often sell after a consolidation, and that triggers the shard price to pull back.

I imagine a consolidation will occur prior to or just after the ASX listing, but I will exit prior to that switch.

All the best, and long may this rise continue.

GRQ.

HungryBadger,

There is plenty to come and plenty of exposure being released at the moment.

https://www.proactiveinvestors.co.uk/companies/news/1060872/greatland-gold-eyes-generational-mining-complex-at-havieron-telfer-1060872.html

Crack open the Lambrini!

It's going to be a very merry Christmas this year....

HMHB,

Well, I feel almost embarrassed how I was stuttering over whether to buy £4k worth, when you have £75k invested here!

I hope you reach your average Sp and go beyond.

ATB.

I've bought £4k at 5.4

Time will tell if it's a good price!

ATB.

GRQ.

Spade

"A top up"

You've spent around £45k on your top up!

And there's me mulling over whether to buy £4-5k worth!

I've been firmly placed back onto my box...

GRQ.

Vitautas,

I've been waiting to buy £4-5k worth for the last week and I've had unfortunate pauses due to the slight slip recently.

There seems to be strong mid term value in this share, but AIM doesn't always favour penny stocks when news isn't regular.

ATB.

GRQ.

Yep - I'm aware of the ASX listing, but I thought the Telfer revenue would have started to bleed through by then and I'd expect the Sp to be slightly north of where we are.

All ifs and buts!

Yes - I was aware Telfer is likely to be imminent, which is part the reason why I was planning on jumping on board.

I'm being quoted 6.21 at present. Seems a reasonable price.

I'm also surprised how the Sp has held up well since the 5,000,000,000 shares were admitted due to the placing, which is a good sign as it shows strength in the Sp.

Regards.