RE: A Child of a GGP holder and the subject of wealth15 Jun 2025 11:10
The only reason that I was able to invest all of those years ago now was because my late maternal grandfather was frugal with what he had and left me a modest inheritance which I decided to 'invest' as a total novice some 11 years ago now! (10 stocks in total, with the other 9 proving to be total train wrecks and which luckily for me all those losses have been more than covered by GGP!)
I remember well the extreme guilt I felt when Newmont walked away from Ernest Giles citing 'not at this time' at having 'spaffed away' such a large chunk of what he had left me after having worked and saved so hard and 'done without' in order to pass it on!
Though I wouldn't recommend it, I then borrowed money to average down to give myself an sp of 1.1p and luckily it has paid off.
Sold a few at 18p in July 2021, invested in SAR (which is still 85%, down but we live in hope!) and bough a few more at 10.77p and 6.2p late last year/early this using some PCLS from my pension pot.
I now have 2,150,000 in my ISA at an average of 2.21p and 286,294 in my pension (at an average of 12.98p)
Could have sold and been 'set for life' in Dec of 2019 but didn't, as I wanted to 'sort' my brother (who begged me to sell at the time!) and nephew (I have no kids of my own) out too!
The last 5 years have been a rollercoaster and I just hope that post ASX we see an end to the AIM f8ckery and start to reap our just rewards as LTHs.
I'm currently 60 and have no idea how long I may have left (mum died of a stroke in 1999 aged only 59!) and whilst I would like to be able to enjoy some of it, my nephew (who turns 21 in July) is my main motivation now (as the way this country and the world is currently going he will have no hope of owning his own home without some financial assitance, which I hope to be able to provide at some point thanks to this share!?)
Not long to go now until the cross listing and hopefully a future full of substantial profits for all concerned!
GLA.