RE: rustybouquet21 Jan 2021 10:21
Freddie2, the great thing you have going for you with GGP are the sheep. They have flocked to the share and you can see with the posts and the share trades that it is well supported. So I think there is mileage there. I do think it is massively overvalued, for where it is now, ( thats a personal opinion ) you can, if you want to give me some facts to prove me wrong. I feel that it is years away from producing gold and has a lot of further capital expenditure which will be pid for by either, raising more capital or giving more shares away which means the smaller shareholders will be diluted.
Pog on the other hand, again in my opinion, and of course I would say this as I am invested in POG and not in GGP, Undervalued. Not by a massive amount at the moment, but if results are good, which they should be, that , again, in my opinion, will change the whole dynamics.
There are a lot of decisions to be made, i.e refinancing of bonds next year, TEMI, IRC, Pioneer flotation plant, rest of the convertibles to be converted, but, that might not be for another few years etc etc. But, I would rather be n the side of POG rather than GGP, otherwise I would just sell here and move to GGP or others or split my investment.
I could be totally wrong, and If I am you can be the one who said, "I told you so " but I will stay put. I have said it before I will say it again, GGP reminds me of Sirius SXX, which although was making something totally different to the mining of gold was massively hyped. It went up and up, but run into refinancing costs and was eventually bought by a very large company for a pittance.
As I have alluded to earlier, I could be totally wrong, if I am I will be the first person to say, you were right, I was wrong. But, I am not expecting to be in that position. Time will tell.
Think is, 2 % one day 2% the next day, are irrelevant, unless you are day trading. Its the long term that counts, It will be very interesting to see where both of these are in 5 years.