RE: Jackthebear followup20 Jun 2021 12:35
Cheers for that JTB.
Not going to clutter up this bb too much. As realise this one is ORR and not GGP.
But here is my take for what its worth.
I invested in GGP mid 2019. Part research, but a lot of luck. I feel that the arrogance you touched on there with a hardcore of similar or older holders is an inability to recognise that a good proportion of being in then, and what then happened was just that... luck. AIM is so fickle. But the way many talk it was all predicted and they saw it all. That rise from 1.6p to 38p in the next year. I think it is just as you say blinkered egos in some...
This is proved by when the non trolls (and there are certainly some there no doubt now admittedly) like myself. E.G a simarly longish termer makes ANY comment that if people were that bright , why not sell at Xmas and buy back now at 19p.... or dares to query anything in a pite manner... we get brick bats and told we are not of the faith, don't believe etc. Its just that. It's just a but rich to take the rhetoric and day in n day out pumping. Especially while the SP tumbled. But be unable to question anything...!?
I also find a total unwillingness, in fact aggression... to consider any other share tedious as well... its like you question some of their man hoods if you dare raise another option! I find it strange. Very very defensive. Even the well researched and more savy ones immediately attack... Nevermind the low forehead types....
In my case I did and continue to do my own thing. Listen to the sensible data there, but try not to get so far in that you join the clear "cult" that exists now...
I held 7.7 million of them at peak mid 2020 at an avg around 3.6p. But wanted money for my kids, so sliced some on way up. Sliced more to take larger positions and diversify into Cu and Ni into RMM and HZM. Cos I though it prudent, and liked in those cases the proven resources there too. It's a risk. But do as proved was sitting in GGP, hands numb...
Still hold 2.15 Mill GGP at 4.11 Avg. Will likely hold for PFS and MRE updates to see if it goes back 38p high next year.
But my honest view is. If you have a low avg, worth holding some for nowas above, sure. But would I put a lot more in, even at only 19p now.... emmm may think twice, may be wrong. But other options also appeal, and maybe GGP has had its huge rise... maybe?
The fact tbough that any doubts are blown away by the bb rottwiellers makes debate there hard as you have found I think? You get labelled incorrectly with the real trolls that any share that's had the rise that one has gets.
Just my thoughts?
Rgrds.