RE: Loading up again.3 Aug 2021 12:55
In the artemis thread @hopefullygold refered to an old interview with Lenigas. Seeing it againg made we aware again how GGP is (still) depending on retail...
Worldwide there are a lot of thing happening, but retailers mostly aren t as organised in their positioning as institutional money and to use a populair expression. Their hands sometimes are a little weaker ( for example they have bills to pay with that same money ).
The most likely way is a big leg up, but it will not be a straight line...In my modest opinion. I believe the only logical thing to do is to load up as much as you feel comfortable with... But we might see some downworth preassure in between.
And yes I planned to buy more the following months, regardless of the dayprice.
The illusion of perfect timing or understanding the relation between goldprice/ggp/worldwide market / hedging needs of institutionalmoney /BASEL3 etc..... will not be mine... It will probably take my entire life to even scratch the surface... Probably I ll not be hanging out on a board but probably will safe all people of this planet from being poor...
What I do know, I LIKE THIS STOCK, I like the plan, I like the execution of it, I like the people working there, I like the JV Newcrest, I like the way it s kind of derisked, I like the jurisdiction m I like that they still see so much upside potential, and I love it seems they are planning to surprise us every time... And even more things to like but I ll not bore you with all.
Even today when I look at the remarks of @reddirt @paddygall @hydro today who seem to be kind of pathfinders on our way.
The other thing that came up to me was... In the past Newcrest presentation seem to mention Red Chris first and more detailled... Now Havieron seems to become the eyecatcher...
But he, it s just an opinion... everybody has one... Be well, But it seems Havieron isn t all that s waiting for us with this great JV partner and they are shifting gears.