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Numis have consistently underestimated the GGP share price and have been way too conservative each time.

They are pricing in way too much risk as if there is a big chance this will not get mined up, which is nonsense. That is why I’m giving the price here at least another 6 months till the city properly sees this stock as very low risk with one of the best gold assets you will ever see. That, I believe is one big reason we have been so under-priced for so long. This is a long term hold. No point in day trading it as 99% of people who have tried that will have lost their stock at a lower price.

Probably the best video I’ve seen of an aim CEO. Seems like a decent, honest and competent guy.

In summary:

The subscription was oversubscribed two fold (that is shocking considering we are talking £4.75m here in this current climate)

Family and friends put in £900k, Assore £420k, 2 Geodrill exexs invested.

Other shareholders would have put in but the timing wasn’t there for them.

‘’After seeing data, this just needs to be drilled, we need to drill it now’’

Now they’re full cashed up, they’re telegraphing to the market, they are not open for opportunistic deals on projects (i.e. they are not going to give 70% of a potential multi billion dollar asset away for peanuts = a lot more upside for shareholders in comparison to dilution)

‘’This small dilution affect is going to be negligible in the next 12-18 months’’

Definitely worth watching the whole video:

https://youtu.be/uELbZ36t0n0

This can still multibag from 30p, look at the size of gold licenses they've just raised millions to drill.

It's an unfortunate time to dilute due to the virus and many will be short of money but 20% dilution to get thousands% upside potential doesn't matter in the big scheme of things. If this comes off 30p will be a bargain. Annoying when you buy in higher up but that's the risk of price swings on aim.

Please tell me Bell is not involved in the other stock many on here have been talking about.

I feel bad for posting about that as its not quite performed as I'd hoped. They were about to ipo one of their assets but it looked like it was having problems and got shelved due to the dire high street economy recently over the world, along with a general sell off in the market so the price retracted (all imo)

I have a large amount of ggp shares and a very small amount of tsi, so I'm not taking that as seriously.

Fyi, Bell used to be a director of ggp many moons ago. I believe he's long gone though, thankfully.

Do not be surprised if we drive straight past that target very quickly.

Previous targets were 4p, 6p, 12p - Next 30p?

How much profit did you make after your 381 posts on TSI this month Old Timer?

It looks like Hambro were diluted by around 1.7% in the placement taking their holding to 4.5% - They did not need to notify this change as it wasn't a share sale.

They then sold around 1.5%+ (90m shares) a month ago in the midst of a pandemic induced stock market crash.

This was 1 month ago. They probably needed the money.

The VWAP for today is still 0.14.

Not really justification for everyone needing to change their underwear is it?

This will be back up by Monday.

It was a month ago FCS!

In these mini stocks, you cannot take the prices between 11-2 seriously. They always give it a lunchtime treeshake.

This will trend upwards towards the coming 2 IPO's. Any RNS drops and it'll multibag in a few days imo.

Numis upgrade on that is fantastic, although it was well overdue. Just shows how undervalued we are. They are being very conservative still I believe.

I did initially predict there wouldn't be much in this update and t10 money and fast money would whip the price around.

It's good to see this is holding up strong and lots of buys into the little shake we've had.

There was nothing bad in the update at all. It was perfectly ok, it's just fast money was hoping for something extra - it will come in time.

Good to sell a lot of old GGP long term holders are buying TSI too.

There's lots of news to come in GGP and it is more of a marathon than a sprint. I'm not selling and will buy dips.

How many are completely drunk here knowing we're about to make a hell of a lot of money.

Yes it will be a good 2 hours later than normal.

They usually release at around 9:30pm to 10:30pm

So we're looking at 11:30-12-30 our time.

Sanibel the last few times were between 930 and 1030 so add 2 hours to that imo.

Ok, I admit, I am excited to read the announcement tonight. Will it not be 2 hours later than normal though? 11:30pm?

What I was saying before is that If it dips on Thursday/Friday/Monday it won't be because i'm selling, it will be because people have got too excited with too many expectations. This is not a stock to trade, it is a stock to hold and wait for the value to come out of it.

Hi Jimzi - are they trying to buy 50m in one go?

That is extremely bullish for a little stock like this.

One thing they also do when they are caught very short is phone around the brokers and ask if any tr1 holders want to sell e.g. 200m. If no one sells, they need to start raising the price if people keep buying, then it will take off if it gets to that 15 level imo...

Does Nigel Mansell son still hold over 3%?

There is resistance at the 15 level.

It will cut through that like butter at one point soon and could happen at any moment. Probably at one point in the next 2-5 days.

When it does it will go straight for the high 0.2s and 0.3s very quickly.

It's very undervalued and the brandshield ipo will already have very strong backing. Once the price of that is announced we will have a highly liquid asset which will be the catalyst for a re-rate.

On top of that we shout get the news of the weshop ipo at any point.

I'd expect then we will see at least a 5 bag from here, may be 10 or 20. 3 month target for me.

They can't give specific timescales for the ipos but have hinted they are ready and already have strong institutional backing when they are ready to come to the market.

One reason for this is that sometimes the market makers get short of stock (on days like this when there have been lots of buys)
Rather than take the price up, they will try to hold it down with the risk of building up an even bigger short, in the hope that they encourage sellers.

Sometimes they get caught out though and have to pay up and send the stock roaring upwards. You see this all of the time in penny stocks, they suddenly just go up 100%+ out of the blue with no obvious buys/volume. This is often because a mm is short too much (up to around 5% of shares in issue) and has given up (stopped out) and is bidding for stock - if there are no sellers, he can't get out and has to bid the price up until sellers enter the market.

Do you really have to fill in a special form before they let you buy This?

I think I must have filled this kid form in a long while ago for a different stock.

Lloyds share dealing however make me tick a box to accept something or other every time I buy. Interactive investor seems to let you buy without all of that fannying around to appease the nanny state.

Looks like the standard shaking people out of their lunch money before buying returns this afternoon...