RE: Looks like a Ripper to me3 Feb 2020 16:04
Totally with you here TomE, and I would class myself as the more cautious investor (for someone investing on Aim) Whilst I am a novice, I am very well researched and GGP over the last 3 years since I first bought in, has become my only investment and main focus. Like you, I feel completely derisked, even more so following last weeks results and this broker note. Gold exploration has so many downsides and I actually put the odd of hitting anything significant at 250/1, I genuinly now feel the odds are 2/1 which means through my research and info available today, I feel almost totally derisked, I just can not see any scenario where I will lose my investment, or profit for that matter (currently just over 100% up in total)
Im not a big fan of rampers on these boards, nor of false or misleading info the traders love to bank about, takeover tomorrow,5p next week rubbish, but I have to say, I am exactly like you, I left left with only one problem, is this too good to be true?? I search every day for somthing to help temper my expectations, yet I keep revising my target price upwards.
to give you an idea, this was 4p and we alsmost reached it last week, I was going to derisk and sell half and have a free ride having made 12k profit. Instead, I ended up averaging down (3 times in total) since the NC announcment, my target price now is double digits, I feel like a ramper just saying that, but I for once, do not believe we only have 5.5m OZ, I think this is close to 10moz nailed on, but evenif we ONLY had 5.5m, the only way is up, as I said, they can not unfind the gold, why are NC running all the mining permits in parralell as that would be totally wasted if no decision to mine, to me the decision has been made, meaning min of 3mox at old 4p target. Anything under is cheap and if all goes tits up and we only get to this figure on MRE, my shares should be worth min 4p, so to me, no, there is no longer much of a downside, yes its gold exploration, anything can happen, but for me its moved from a long shop hope to an 80/20 dead cert, enough for me to pile in with all I have disposable and put my money where my mouth is.
GLA, Id be happy to have a chat on downside here and possible things that could ruin the story of the decade for us, I need to bring myself back down to earth, far too excited about this share. I feel we will build now after that note over the next couple weeks into NC results update