RE: Strong resilience is required..Bulldog spirit...20 May 2026 11:17
Why are such a lot of you panicking AGAIN !
GGP’s SP in March was as low as £4.99, by May it was almost £8 quid, and the first time GGP got to around £6.60 was only in January 26.
It’s nothing to panic about, it’s just the market doing what it has always done, up one minute down the next, but the trend is definitely in an upward trajectory and I see nothing fundamentally amiss with how GGP are carrying out their operations.
When I see posts saying things like “Why are we down 10% when gold is only down 4-5%, just shows how some folk just don’t understand the metrics of how profitability works, and how it can affect a company’s SP.
If say the POG goes down $225 an ounce, then that’s around 5% of what it is today, but it will affect GGP’s profits by a much larger percentage, because if we are producing gold at $2k an ounce, that’s over 10% straight off our profits.
It’s only been a few weeks since we were admitted to two large indices, the ASX100 and the GDX. I’m sure the institutions didn’t all just pile in at once, as was touted by some, but took a more measured approach, knowing that after the scramble to obtain shares in GGP, there would be ample opportunities to get what they wanted over the next 12 months, due to the sort of pullbacks we are witnessing now.
They have an encyclopaedia of tactics at their disposal to try and keep us Pi’s guessing as to what is actually going on. The only thing we have to do is learn from past events and experience, not to throw in the towel when things appear to be getting a tad rough.
I consider myself an investor, trying to learn from the likes of Rick Rule, who’s taught me over the years to just sit on the sidelines and not worry about the daily/weekly going’s on of the market, especially when everything around you is pointing to the POG going much higher than we see it today.
Everyone’s strategy is different, but If you guys think you can trade this share, then good luck, because I for one will just sit, watch and wait, like an angler watching his float, until the right moment becomes apparent before I strikes to catch the BIG one.
I’m not saying my strategy is the best one, but for me it’s working rather well, and more importantly, without the stress of wondering if I’d timed the market correctly by trading it.
I think I timed the market correct when I first invested, and that’ll do for me. I just hope I time it correctly when I decide to exit too.
ATB and good luck to whichever strategy you use. It’s not about winning each battle, it’s about winning the war that matters.
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