The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I won't really be posting or using this chat anymore. There are a few on here I may look in on to see a their take on developments. I may also post on here just to remind other BB members there is another BB that doesn't have abusive members. LSE need to protect members from abuse. It's good to see positive and negative views on any company but some of the posters on here who appear for a few days or weeks have an agenda.
If you want informed information (I'm sure some disagree with that comment) then take a look at GGP Chat.
Gymboy
Very upbeat podcast on GGP and Blencowe
https://www.youtube.com/watch?v=TYk6r_Z7d-Q
People have to sell for a variety of reason. The shorting has pushed a few to sell as they need money for whatever reason.
The fundementals of GGP just keep getting stronger.
Just added and 19891 and will add more as fund become available. Just keep adding to what I already have, why not
Mumbo Jumbo you say -
Gym boy - assuming what you say is true then you have staggeringly naive investment strategy.
I am sat here with 2 million shares bought for virtually nothing in 2015 and you say I am naive. I bet you wish you had followed my naive investment strategy. If's, but's and should have's aside I am more than £220,000 up on GGP. Can you please explain how you see me as naive.
I will continue to be naive, sit on my hands and let this play out just as many others continue to do so.
Gymboy
TimberTrader
Thank you. My patience has been rewarded with GGP. Even when the SP is much higher than the current level and I decide to convert some of my holding into houses and an income I will still have a core holding here. If GGP does get bought out it will be for levels way beyond our current valuation as their won't be just one bidder. I seriously doubt that will happen unless its for daft money.
I remember selling an XJS Jaguar years ago. One guy started playing the price down on the phone before even seeing the guy. I told him not to bother coming, he said he wanted to come and look at the car, I refused as he couldn't afford a car of the quality I was selling. It was sold for the asking price. We are invested in a quality asset here just remember that and let the games play out.
Always positive about GGP, the doubters are here for a reason and it's not because the doubt the quality of the assets.
Poniexpress
We have a same mindset. The pressure is being exerted on GGP holders because we hold so many shares as a proportion of the company. Others want our shares for a reason. The only way to do it is to withold information and playdown haverion but that can only be done for so long, eventually the gold will be coming out of the ground and the SP will fly.
I have been invested here since 2015 at 0.06p yes 0'06p. During that time there have been many occasions when I could and perhaps should have got out. I am sitting on massive profits that could have been 3 times the current levels.
The point I am trying to make is that on many occasions the SP has gone up and then fallen back drastically. During these periods may on various boards were wishing they had cashed out and sold at the top. I really don't think 38p was top the SP will ever get to as GGP have too much gold and copper at Haverion and potential in other areas.
I have an advantage over many others on this board in that I don't need the money now and can wait. I have waited 7 years what's another 2. If you need the money now or in the next few months then sell when the SP recovers a little, if you don't then wait for the rich rewards to come your way. As many have said you can't un find gold even if NCM don't want to mention Haverion at the moment. Have no fear its a massive part of their future too and SD and the board just have to bide their time, just like me!!!!!
I think you are right there business is business and it's nothing personal from either of them. Newcrest certainly have had a change of tactic and a change of tone around Haverion that doesn't sit well.
As far as Shaun talking to other significant players in the region that also send a message and it's an important message for us GGP shareholders. I am going to be here for many years to come (perhaps not with all of my current holding as life is for living) so it will be interesting to see how the negotiations and tactics of the last few months effect the future relationship between GGP and Newcreast.
I haven't ranked them and if I am honest I suppose I would need to look at other farm in agreements and how the junior partner has faired in comparison to GGP. Up until the last year there were too many negatives but I am not happy with how Newcrest aren't releasing data being as upbeat as we know they should be from the data that is released. I don't think Shaun is to happy either but he can't come out and say.
Biswas has his back to the wall and may only be looking short term but this could backfire long term for Newcrest if GGP do discover more gold. How would future negotatiations pan out.
Based on how things have progressed so far with Newcrest as there are lots of positives and negatives to evaluate. I have a question.
If Greatland were to discover large quantities of gold at any of their other fields in years to come, would they want Newcrest as a farm in partner??
The first thing I have to say is good luck to all who are invested here. If you are not invested in GGP, what are you doing here. Are you knocking the stock for a lower entry point or a shorter, why not state your position.
As a long term holder of GGP (i have been here since 2015) with my first entry point at 0.06p I am up just over 200 times with those particular shares. In the last six years I have seen my holding go up in value by 10 fold only to half in value weeks later. This stock flies when its in vogue and falls back in between. The stock got ahead of itself late 2020 but is now undervalued.
I won't be selling any for quite a while yet until GGP. There is just so much going on over the next 12 months. GGP have so many irons in the fire that eventually a value way beyond todays value will be achieved. No doubt someone is going to tell me I'm in the wrong and now is the time to sell. I have been told that many times over the last 6 years and thank goodness I ignored them every time.
The SP could drop a little further who knows just whats playing out. What I do understand is the gold and copper that has been discovered so far and the potential for further discoveries to put that to be way beyond any figure released in January will eventually have a massive impact on the SP to who knows what level.
I wouldn't say I am sitting on my hands as such, just playing the long game which has paid massive dividends so far.
The POG has risen from just below $1700 to £1830 as I write. It looks like confidence in gold is back after the last sell off. The US 10 year bond has fallen from around 1.75 to 1.37 today so a much less attractive prospect for money. Bitcoin has also halved in value from recent highs. This is good news for POG and the SP of GGP as it effects the value of any resource estimate and future bottom line.
I know there are lots of plausible theories from well respected individuals on the future price of gold. I just think its the safest of safe havens in a very unpredictable world, only time will tell.
I really don't get what's not to like about this presentation. It's business like and lays out how Haverion will grow over the next two years. Its a portfolio of great assets where GGP may let others in where it suits. Low capital investment and a growing company. Value for shareholders and cashflow will enable GGP to unlock assets in time without stressing the company.
If I were looking for a push on the present SP over the next few weeks then this presentation doesn't do that. If you are looking for a solid growth company build on stable foundations with a world class asset and possibly others in a stable location then this is the place to be.
A few have appeared on the BB over the last few weeks with an agenda that is based on the short term SP.
I hold and add as this is a no brainer.
Bradley - I am not sure about 3 billion but it could certainly multibag. A lot make the mistake of thinking it will jump overnight, it won't, simple. I hope to trade in and out of WSBN with about a third of my holding and will certainly sell on any spike and react to news accordingly. Its about taking a risk, looking at the trades and when its overbought sell and hope to buy back lower. Its worked so far having gained more shares by simply trading in and out. I have a few stocks I am reasonably confident of long term and trade in and out of them as some spike and some fall back, sometimes for no apparent reason but as shareholders we are often a long way behind others with greater access.