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Down is down no matter how you dress it up. I don’t know which is the most irritating. Rose tinted glasses postings or the impatient grumbling of many here .
So cherio until next year, have a good xmas and a belting NY all.
The message is a bit one dimensional.
By that I mean it is all about the progression of Haverion and the time to production of GGP as a miner.
I got into GGP the explorer and as it turns out they are a pretty damn good one . Now I have the perfect scenario with long term cushion of Haverion ( mentally tucked under the pillow) and meantime GGP the explorer bringing the excitement of pre HAV days alongside the regular NCM updates.
Put it this way , if I sold out GGP to look for another GGP, I would probably conclude GGP is one of the favourites for a new discovery.
We are not alone . Same on GGP and the answer is plain and simple. The market can still find sellers at low levels which is evident, despite positive news.
If they can drop and still find sellers they will do so until supply and demand forces an about turn.
IMO the whole process is complex and has many ifs & buts not to mention multiple parties. Add to that it’s all down to business for the seller and potential buyers . All who want the best possible deal if there is to be one( or multiple deals).
So still prepared to wait for the next RNS but at same time expect them to give us a much clearer message on how any potential deal is progressing. If not they need to at worst confirm there is some form of non disclosure still in place.
Any more kicking the can and have to assume they are going this alone and waiting for more promising news to put a bit of silver around any no deal cloud.
No one ever complains when there are far more sells than buys in a period which ends in the SP higher.
The explanation is fairly simple IMO and it is because the MMs are wary of the many individual (large) traders who would sell out or buy back if the SP movement gives them a quick profit.
Think about it next time you see the same with net sells and rising SP ( then complain about manipulation)
Between now and production than to maintain updates that just keep giving us more and more gold.
I was happy ( seems years ago) that every update ended with the word “open” but thought by now they would have more or less found the edges.
Lost count of how many updates we have received but every single one has brought us good news. Thought the previous one with highest interest results could not be bettered but todays out done even that with the drilling 2km away.
Absolutely a terrific share to be holding.
But is it entirely possible that in the event the assets referred to in today’s RNS were sold, would the buyer themselves not need to re apply for the same privileges granted in the RNS.
Surely they look at the owner of the assets as part of the process and not just automatically granted just because you own the assets.
This could just be normal business that would be required if EUA are going to mine in the years t come.
I originally saw this as a short term punt and soo to be in the 3rd year. Still see this as a punt and the reason that I still hold is probably the same for many here.
It is the fear of a big disappointment of losing out by selling out only for the expected news of a confirmed sale and a big premium over the highest price in the last year.
So on I go until the next and hopefully clear RNS as to where this share is heading.
I’m certain nothing is being held back on our other licences.
Whatever the results will be from past and future exploration drills for me are the big excitement/cherry on top of the Haverion project.
GGP remains a fantastic share to be in, underpinned by HAV for which we have a clear path for sizeable income stream, not to mention the clock now ticking on will they won’t they bid for the 5%.
I’m grounded on success of early exploration results on other licences but if the gold is there 100% certain GGP will find it.
You cannot lose at today’s prices and gains with Haverion alone are a just a question of how many multiples will it be while just one other success on the other licenses …BINGO
Definition - Free float, also known as public float, refers to the shares of a company that can be publicly traded and are not restricted (i.e., held by insiders. ...
So why does someone keep posting the free float is less than 1%