Investment opportunities like this don't come along very often IMHO, and I am looking at this to hopefully provide me with a modest but comfortable retirement (especially as having given up corporate life three years ago now to look after my dad after his stroke, my employment prospects once I am no longer needed are virtually zero being in my mid 50's!)
This always was a "shit or bust" play for me (having sunk far too much of my overall net worth into it) and having taken the "risk" feel it only fair to now be able to reap the rewards and not get sold short!
But then life ain't fair is it, and I suppose only time will tell now whether we get "shafted" in any take-over?!
"If this works out it will set me and my family up for life and that's what I'm prepared to hold out for".
Same here Paddy, which is exactly why my real fear is that we will be "taken out" far too early and for a relative "pittance" (I'm sorry but a suggested 40% "premium" on top of whatever the last 12 month SP high was doesn't cut it as far as I'm concerned) instead being allowed to reap the rewards of the true worth of what we (potentially) have!
I haven't been invested here for that last 5 years (and in staying the course lost out substantially elsewhere) just to get "screwed over" once things finally start to get "proven up"!
Personally I'd be severely ****ed at being forced to sell my own holding for anything less than 20p (however long it takes) as with the potential here across all our licences IMHO GGP is worth far more than that (once proven up).
If we are to be taken out (which is why I am here) it should be for a fair price for what we have (once proven up).
I think perhaps had you'd done a bit of research first you'd have found that SB didn't "inherit millions from daddy" but was in fact the driving force behind much of the success of the family business! (his father has in fact gone on the record in the past stating as much!)
People need to make their own investment decisions based upon their own research and stand by those decisions, instead of worrying about what other people choose to do with their own money, or investing just because others with far deeper pockets have done so!
This will come (very) good in time IMHO, but patience is the key.