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Probably one of many who watched the amazing 'wow' gold price movements last night/ early this morning:
Today's high was $2,198.54
However, it did not hold
Today's low (so far) $2,020.70
I hope it is not too long before we watch 'wow' GGP share price movements again.
ps Only £3.50p (£21bn market cap) will do for my family, so not in my lifetime!
Re 'cup and handle' pattern.
I may have been a little too keen looking for a bullish signal. We have the cup but still need to form the handle. If it does develop into a genuine 'cup and handle' I do like the idea it could be followed by a big breakout .
"Cup. The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case".
" Handle. After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward; other times, it's just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout".
"Duration. The cup can extend from one to six months, sometimes longer on weekly charts. The handle can be from one week to many weeks and ideally completes within one to four weeks".
Setting aside 'bearish engulfing' is that a 'cup and handle formation' over the past 6 months on their chart?
https://www.british*****.com/SignalPage.aspx?lang=en&Ticker=ufo.L
60% down from April 2021 days so any glimmer of hope would be helpful.
We are now ranked 322 on the FTSE All-Share Index; equivalent to an automatic postion for promotion into the FTSE250. After we are done with the ASX listing we need to come off AIM and get more UK institutions and and trackers buying GGP shares. Then only need +£4bn capitalisation to get into the FTSE100 . What shares price then? I would say GGP is a hold lol.
Confused - who's whom???
Tinners
Posted in: GGP
Posts: 100
Price: 24.50
No Opinion
RE: Benrumpson131 Jan 2021 15:48
Hello Tom you old goat how's things? It's Howard by the way, bought in here back end of last week. Mid 20s share price seemed too good to miss, all the hall marks of MMs deliberately dropping the price following good RNS to allow IIs to buy in cheap, and 4D not doing much until their Nasdaq launch so thought the old piggy bank would be better topped up here. You got the Aston ordered yet?
Tinners
Posted in: GGP
Posts: 97
Price: 22.65
No Opinion
RE: GGPSP2 Oct 2020 17:07
Hi Nani1 I’m a friend of TomE we’re currently sat having a beer. His mobile is from the 1950s! He doesn’t have a SIPP but to my knowledge you can only have one SIPP. I only have one anyway! I’m happy to be corrected. Tom says hello!
Cheap as chips - no wonder 7,637,973,036 shares in issue. Who owns all these shares?
holding 3% or more of issued share capital as at 21 June 2023
Shareholders Crest No Number of shares Percentage of Share Capital
The Bank Of New York (Nominees) BO01 720,127,695 9.43%
Hargreaves Lansdown (Nominees) 335 501,021,412 6.56%
Hargreaves Lansdown (Nominees) 335 500,337,154 6.55%
Jim Nominees Limited 842 489,017,772 6.40%
Interactive Investor Services 277 377,990,908 4.95%
Barclays Direct Investing Nominees LMUAG 347,558,164 4.55%
Interactive Investor Services 277 301,949,904 3.95%
GHC Nominees Limited 872 299,956,382 3.93%
Vidacos Nominees Limited 4CMAY 277,713,260 3.64%
Hargreaves Lansdown (Nominees) 335 259,083,811 3.39%
Total 4,074,756,462 53.35%
On 15 June 2023 the company announced that Sanderson Capital Partners Ltd had confirmed that they and associates would on 21 June 2023 be interested in 761,469,231 Shares which represents 9.97% based on the 7,637,973,036 shares in issue on 21 June 2023.
Looks like a lot of PIs and HWIs in the same boat with us and waiting for something to happen.
Something is not quite right about ASX cross listing. Company want non-index IIs to buy on the open market. IIs want to buy at this low price but not on the open market as any significant buying by them would make the share price rocket and then they would not accumulate the millions of shares they desire at a low price. Out of the blue Wyloo standby loan and ASX listing deferred. With low levels of trading by IIs and PIs little wonder the share price is drifting lower. More machinations or clever chess moves ahead????
For all I know meeting still going on - when I left Shaun was still talking to PIs whilst the floor was being swept; maybe when they switch the lights off he will go. What a great MD to give so much of his time to answering PIs' questions face to face.
One of his key statements was "Yes we can" clap clap clap all around the meeting room.
Should be a packed house at the town hall meeting but with a share price +/- 7p I am not expecting to see many smiling faces during the business part of the meeting !
Share price at previous at THM that many have attended all meetings:
21 Mar 2022 14p
14 Jul 2022 9.75p
28 Sep 2022 7.40p
7 Dec 2022 8p
9 Mar 2023 7.55p
21 Sep 2023 7p ??
At the last meeting, amonsgt other things, Shaun said gold from Ernst Giles was 5 years away. Could be possible to build our own processing plant because of $100m's transport costs for haulage. 20-25% institutional shareholding. Not yet paying back any of the $50m Newcrest facility. Decline ahead of schedule.
So still jam tomorrow but hopefully it is the nadir at this meeting and we can look forward to a share price that will put big smiles on peoples faces when attending town hall meetings in 2024 onwards. See you later and GLA Mremc
I too am holding onto a straw that states "could be onto a winner". Fortunately, this lottery continues into 2024.
You know when a company hints at news "shortly" well to my mind that means soon and if it does not happen in a matter of days it is hardly surprising that the share price drops. I'm trying not to think how low the share price might drop if we have to wait until 2024 for "shortly" to happen.
In the meantime, let's hope that commodities boom starts soon or do I mean shortly.
Unfortunately, I now realised that I have been mixing up the two projects Hope and Mankayan. Looks like I will need to reign back on my enthusiasm for imminent shareprice movement. Still, BZT have fantastic copper and gold assets so hopefully I or my family will benefit in the longer term. GLA