RE: Invested here since early 201519 May 2022 18:45
Hydro and Costa,
I commented on his strategy which has seen him take a huge hair cut in his profits in the last year, which he needn't have done. "If you don't need money for few years" and parking it for years may or may not yield a positive outcome, indeed it more often will have cost you opportunities elsewhere. He will not get to the highs of 38p ever or until production or an offer comes in few years down the line, say 2024. Then all he would have done is basically catch up with the profit he had given up on 3 or 4 years earlier and not grown that. Had he sold in the 30s in 2020/20221, he could have reinvested that elsewhere or even here now and be far more richer when 2024 comes round, providing everything goes well.
Getting married to an AIM stock is sure way to kill your capital over the long term, there is a max mcap a non cash generating stock will reach and that's where you have to play it with your investment strategy.
GGP is headed to sub 10 on the valuation of 5% that NCM will attach to it. It was obvious 6 months ago that it will be the case and so it's proving to be so far. Infact I had over estimated what NCM will pay back then but now I believe it will not be paying more than $50-60 million....