The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I have noticed that during the first 30 mins there are a few sells that cause the SP to drop. A 100,000 here and there and down we go. However during the days there are a lot more buys than sells but that doesn't push the price back up as the trend has been set for the day and its going in the direction the MM's want in order to fill orders at a lower SP. At times its hard to buy and you can't get a quote when the spread is narrow.
Thoughts anyone.
Gervaise Heddle- A man of conviction who believed in GGP and was always open and honest with shareholders and the market. No games, no releasing information to suit the larger institutions. A fantastic deal with Newcrest that enabled GGP to move to the next level and generate value in the assets we have. An honorable man who stood out amongst his peers. I am sure Gervaise will be remembered by many in the mining industry and by PI's invested in GGP as the many who helped changed their futures.
I wish Gervaise and his family all the best in whatever venture he takes next.
Gymboy
Over the last few weeks everything has been done to limit the buying whilst encouraging selling. When the manipulation ends the spread will be a little different. For those who think the price isn't being manipulated you need to get into the real world.
There is a reason for this manipulation but none of it is based on fundamentals which is why so many LTH just sit these dips out and ride the waves.
Greb
I am not sure a time has been given. I don't think its live I think its a video. I would imagine it will be after the Newcrest results and any comments made about Haverion from Sandeep Biswas. I could be wrong on this but thats my understanding.
The drop from 37p to 22.5p has cleared a lot of weak holders. There will be a few that bought between 22.5p and 24.5p who will sell once they have made their 10-15%. The cull of weak holders is done for now it seems. I was fortunate to sell a few Shanta Gold and top up here. I will sell the 70000 shares around 30p ish and put that money back into Shanta to keep some diversification in my portfolio (not much 90% is GGP) but that's the reason for having money tied up in other stocks.
GGP is medium to long term hold for me now but this is my 6th year here.
Nothing wrong with Colin having his opinion.
Having been here since 2015 there have been lots of Colin's. The SP has dipped 20% or more too many times to mention in the last 6 years. However back then the SP was 0.06p and has gone up 450 times. When it went from 0.015 and dropped to 0.01p I held on and so on and on and on. Look at the chart over the last 5 years and rest easy at where we are now and where we will be in 6 months, 12 months and 18 months. This share has changed my life so I really don't mind Colin having his opinion its just different to mine.
Too many stocks have a false valuation based on unknowns or potential.
GGP SP is based on established facts and massive potential for further value.
All the foundations and initial blocks are in place for building a portfolio of tremendous resources. The resources we are discovering now will also be far more valuable in months and years to come as the value of Gold and Copper increases.
To all holders who can hold, relax and enjoy the warm blanket of GGP and watch this company continue to develop.
No reaction to the results as expected. I hold and watch a few mining stocks and there is a much bigger picture globally going on here. Gold, Silver, Copper etc are being artificially held down.
Banks, institutions and very large personal investors are taking a position.
If you can sit on your hands here and resist the temptation to offload a few you will be. rewarded in time. Lots of games will be played out. There are some individuals here who are on paper very wealthy, all of them have been here for quite a while.
Floater
I agree but I was trying to get as many as possible. In the big scheme of things it won't make much difference but I am from Yorkshire and do like value for money.
I could have put that money in so many other shares considering 90% of my portfolio is GGP but I am confident of where we will be in 3 months, 6 months, 12 months and 3 years and in each case its a lot higher than 33.9p.
Floater
You are right just topped up £13,000 and got just over 38,000 at 13.9p. I have never paid over the buy price before. There are no sellers and the MMs don't want any buyers it would seem. They could make a market at 34p-35p but don't appear to want one.
Just come into some money this week and wasn't expecting to top up again as I am happy with my lot. However if I can get 33.25-33.5p range I am going to take it. Will keep trying dummy trades. Am I likely to see 33.5p or less before 4.30pm?
My reading of the situation is the GGP must release the results as soon as they have them (within a reasonable time frame) If this is the case then they are quite simply delayed and some are reading far too much into the delay. The results will be announced in time.