RE: SP drop from 38.5p to 32.5p10 Jan 2021 10:37
Several reasons combined, but nothing to do with the real value of GGP, which is clearly way north of 30/40p.
* Price of gold being manipulated and kept down artificially by central banks. Gold is the barometer of a country's economy and currency. Rising POG is an indicator that monetary danger lies ahead (i.e. inflation). Answer to that: they will not be able to do that for too long, for reasons that have been explained by those surely more knowledgeable than me on the subject (i.e. speedy), but lay around paper vs physical gold rules, uncertainty, imminent money printing, inflation correlation, etc.
* Impatience: people moving funds and chasing rainbows elsewhere (EUA, ARB, Bitcoin). Answer to that: "The stock market is a device for transferring money from the impatient to the patient" Warren Buffet
* Although GGP's value will be clearly north of possibly 1£, it is not always a straight line. Paper losses are to be accounted for thru the journey. Nothing goes just straight up.
* Lack of updates for a month. Answer to that: GGP magicians got everyone used to a steady flow of news, and those less patient again are feeling anxious. Answer to that: news are coming, and very soon, and the news we are waiting for are big. I believe Paddy, Bamps and Hydro have already posted expected dates of updates in the coming months. Big Scally news could drop anytime now, and if positive (high chances) they could be transformational.
Hold for gold. But DYOR