Member Info for mercedesman

Good move Stellabob, i have since built a £16k long position on spreadbet so more than covered the original sale.

Roll on MRE
Roll on Scally results and JV
Roll on Decline
Roll on Goliath drilling

Roll on

Hey TallChap, yes, it was as Jambo mentioned below, more of a forced move on my part. After quitting my job to donthis full time it dawned on me that if GGP was suspended pending an offer i might be in a spot of bother with funds frozen and nothing to pay the bills, (EUA was suspended for what, 6 months?)

So had to tuck a bit aside as a safety cushion, but in hindsight, would have preferred to leave the lot here and just taken a low rate loan out when the offer came to tide me over.

Just read the last 100 posts, and with the exception of one or two great ones from the usuals (Hydro/Coach) the rest is a mess. This is why im sticking to Twitter these days. If theres anything of interest (that actually relates to GGP) i can usually find it within the first 5-10 tweets.

Blimey

Few points to note...

I see a lot of (mostly new) posters trying to change the discussion away from GGP and to other shares to look at (pull the other one)

I sold £10k GGP at around 12p to diversify and to “have a dabble” on other miners. Well its worth £5k now, not only did i lose £5k but i missed out on another £10k profit had i left it here, a net loss of £15k, so just think carefully before you go spreading your butter over every shat AIM miner out there, its not always what you might lose, its what you might miss out on making.

Most of us LTH are expecting another 300-500% here,all this talk of “no more bags” is nonsense.

Lovely weekend all.

Gold just broke another resistance at $1953

Next stops 1972...1990....2015

Happy to sit and wait for news, when news is getting more valuable by the day.

WSBN - Lenigas..... shudders...... nearology ramps..... empties kitties........ raises funds for “drilling”...... finds nothing but puts positive spin on it “we almost hit it” he will say..... raises more funds..... repeats for 2-3 years while milking the books for a big fat pay check..... company starts faling into debt......company delists or is diluted 99% making shareholders money worthless.

I can see it happen, before it happens, because ive watched him do it multiple times already, UKOG I sold at 7p, he (and SS) destroyed. RRR he was involved and ramped, i sold at 8p, now decimated, LGO.... say no more...... RGM..... that cannabis **** show.... the list goes on and on and on. While all the time, milking, milking.

You know what i learned in the 15 years ive traded AIM, never ever trust a fat man in a suit, it means he’s eating too well.

If u got into WSBN today..... well you’ll be averaging down in a jiffy!

Yeh Toblerone

Last yime PRIM sold, PRIM dropped 10% on the announcement and GGP had a +8% day as PRIM holders were so miffed a lot jumped ship.

I’d expect the same today, i mean, now there’s no GGP on the books why on earth would you hold PRIM.

Yeh Hydrogen is in my top 3 posters easy.

Perhaps think of GGP as your typical 9-5 job

For 3 weeks of the month, you work you nuts off, you go home with a head ache, you check you bank and you’re skint, and you wonder why you do it.

Then in the 4th week you get paid what you earned over the period an you remember that you are not paid daily for your graft, it usually comes in one big packet.

Discussing with some of the twitter guys today, i think that the next big bumps will be

Elections leading to market stability and gold price hike

Scallywag results leading to “substantial broker note upgrade” and hence forth, share price re-rate

Both are expected in the next few weeks.

Hands....bum.....Smile

Hey speedy, in theory yes, if we could drill it out to MRE with our own funding (£100-150m) it could be worth billions. But that probably wont happen, and probably is not the best/ fastest, or easiest way to add shareholder value right now.

You know whats really ****ed people off today. Its not the fact that the sp is 24p, its the fact they didn't get that crazed adrenaline rush that we as investors naturally crave, and sadly seldom get with GGP Anymore, we’ve grown up.

We chase mad spikes, because steady gains of 5% a week are “boring”. You wouldn't expect Newcrest to do 20% in a day, more likely a nice gentle rise, the fact that GGP’s SP is behaving more like a mid tier miner, and less like a penny stock, is very, very reassuring to me.

If you want the mad rush, try this, dont check LSE/Twitter or your broker for a week, just look in on a friday at 5pm every week. Perhaps the Scally news came, perhaps it didnt, what if the sp is 20p, what if its 40!

Which ever way its gone, you’ll get that buzz You’re chasing, like you are scoring off the worlds most expensive scratch card once a week

: p

Ive found that the sp reacts much more to a broker note than an RNS these days

How odd, unless they’re in cahoots with the mm’s?! Mayby the mm’s are filling the orders of the broker note men, and then they write a tgt of 38p and let it go to where it should, then the broker note men and the market makers all meet up and eat cake and discuss how fabulous they all are?

Arn’t we due one of those soon ; )

Davie007, i thought this was an odd comment

“
Enrico - you are living in dream world if you think the release of Scally results will uplift the M/cap 90%! Can't fault your optimism though. ATB”

Havieron was worth £0, until they struck, now its £1bn. Whats to stop Scally doing the same / even more?

Or did you just mean “not on the first set of results”?

Because im sure another 5-10m oz find thats 100% owned, will do more than add 27p to the SP

Its been a funny old day, but i remain very positive. Although the market is too consumed with fear to recognise GGP’s true value at the moment, it will correct Itself in due course.

If you’d said 1 year ago at 2p, that in 12 months time people will be fuming angry at a 24p close, we’d have all laughed our heads off

Mayby this time next year we’ll all be madd that the mm’s are holding it just under £1 to fill an order.

The manipulation!

Sit on hands, wait for Scally and MRE, its going to be a banging Xmas

So if you've been here longer than a few weeks, you'll have probably heard a few phrases being repeated, phrases that are all too often seen on AIM investment boards.....

"This is a once in a lifetime opportunity"

"There will never be another GGP"

etc etc

And while it can sound a little bit rampy, after doing the math (numbers are fun) there is an element of truth to it in our case.

Its said that 1 in 50 explorers will find a viable deposit, and that only 1 in 25 of those will make it to production. So a junior explorer has a 1 in 1250 chance of finding a deposit and actually mining it. So firstly, congratulations, to the LTH especially, who were banking on a 0.08% chance of success, and found it here!

but it gets better, you can calculate the odds of finding such a discovery, during a gold bull run, and that reduces the odds to 1 in 6250, or a 0.016% chance

And what are the odds on this happening twice, if Scallywag hits (and we know that it will be mined and processed in similar fashion to Havieron if its commercially viable) So what are the odds of a junior explorer, valued at £3m, finding two viable deposits, taking them all the way to production, and doing so during a gold bull run?

1 in 39,062,500, or 0.00000256% chance .

Now we humble investors, even the more active traders among us might indulge in 50-100 companies a year, and thats pushing it, so over a 20-30 year trading career we might dabble in 3000 companies, so we would perhaps have to trade for 2 lifetimes just to see another Havieron, and another 13,000 lifetimes to find a company that strikes twice.

Now doesn't that put into perspective why GGP really is "a once in a lifetime opportunity", and not one to be taken for granted.

Is that how you spell hosey, as in “the name”,sounds more like what i’d use foR the garden, lol lol, anyway, muppets, no one is selling off tomorrow when the Scally Blockbuster, mindboggling, company defining, rip roaring, life changing, utterly outstanding , two timing, odd defying RNS is going to drop any minute.... are they!

No Davie, its classed as gambling, hence no CGT

Hi davie, i had to close two of the smaller positions as i was running it too close to the wire margin wise when we dropped 6%, the bigger two stayed, and i added one more just before the bell.

hic

23.5 close

wouldn't surprise me Tom, looks like they've been filling some big orders all day