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Watcher36 I just noticed your comment from yesterday, "all shareholders beware....doesn't matter how good the stock is the financial system is going to fall apart this year at some point. you will lose everything if left in a stock." Giving this some thought, if/when things collapse does this mean the gold in Hav will vanish, the decline will magically fill itself in, and my ownership of shares here will be cancelled? No it doesn't.
You stick with cash, BTC, or whatever floats your boat, I'm sure you'll do just fine. I 'll stick with GGP, thanks.
As for the eight recommendations your post received, it suggests there are a lot of short sighted investers here, or should I just say shorters?
Couldn't agree more Dillon. Over the last couple of years I've been able to increase my holding by two and a half times thanks to the bargain prices. As long as one doesn't commit more then one can afford to lose, every fall in price can be taken as an opportunity rather than a time to have a hissy fit and sell at a loss.
I'm still all in invested here and this rns changes nothing for me, but my first thought this morning was why release this news today? OK, there's a potential short delay coming up next year, no big deal, so why throw the spanner in the works now, particularly after the last weeks recovery.
There has been a lot of speculation over recent times blaming mm's, shorters etc. for holding the price down. Can we add SD to this camp?
I would expect gold and gold shares to fall in a market crash as people panic and raise liquidity, then rise like a pheonix shortly thereafter when gold is seen as the last hope. This is what I think has tended to happen in the past, but the world is far more manipulated and corrupt today so God knows what will happen.
Assuming SD's offer is true, and there's no reason to doubt what's stated in the RNS, then this must surely put to bed the notion some on here are trying to push, that SD is an NCM plant who will sell us out.
Brilliant job SD. Thanks to your leadership we are all going to get a nice little earner in this share.
I occassionally think back to a couple of years ago when someone posted on here that they had blown all their house deposit savings on GGP shares, and hadn't told their girlfriend yet. I think price then was in the high 20's? I often wonder how their relationship turned out.
One would have to be mad to remortgage and put the money into AIM, but I'd still wish you all the luck in the world if you were brave enough to do it.
I'm hoping for no news until after the results from Newcrest too. Anything out of GGP now will be interpretted by some as an ongoing feud between GGP and NCM, and maybe a display of a bit of petulance on SD's side.
I've said this before on here, and I'll say it again. Zero stress on these pullbacks is experienced simply by earmarking a small amount (only £1k in my case) in your broker account to top up with in the event of a fall. With prospects of a universal dip from a market sell off, or a GGP specific event like 5% shennanigans, I will be smiling if we spike down to 10p, and not pulling my hair out and resisting an urge to sell up the way some others might.
"The money we get for this is making Shaun upset given what he knows. There’s no sugar coating it."
Well here's a bit of sugar coating from me. I've transferred a few k from my savings to my share broker in anticipation of the 5% deal. If it's low, as many of us fear, or lower than the hyped predictions of some on here, then I will buy.
If the offer turns out to be good, then I've only lost 0.5% interest for a few monthe on the cash.
The announcement that the 10% range for valuations has been upped to 20% suggests to me:
1. Obviously the gap in agreement is still greater than 10%
2. The difference is also greater than 20% otherwise an agreement would have been secured and announced with the 20% range.
3. Both parties are still on reasonable terms, not keen to go to independent valuation, and anticipating a deal.
4. If we were being shafted, and the gap was much greater than 20%, what would be achieved by SD going along with this new negotiation range? May as well go straight to independent valuation.
So, purely speculation on my part, but I see NCM currently low balling us by something like 25-30% on SD's updated MRE value. This may not be great, but I'm sure we could live with it.
Why not £4.32, it's possible I suppose, but my 70th birthday is in 3 weeks so I very much doubt I'll be there to see it.
£1, or thereabouts seems more apprpriate for us oldies, particularly in my case as I want to get a Lotus Elise, so the sooner the better while I'm still fit enough to get in and out of the car.
The rise of top down authoritarianism, corruption, and lies has convinced me that it's increasingly pointless hoping for a fair deal from investing. I sold off the bulk of my holdings today, only keeping my GGP (JPM won't be profiting from me at least). When our situation resolves to T/O or production or whatever, and it's time to say goodbye to you all, that'll be it for me. Cash and metals is all I'll have left then to ride into the brave new world of the Great Reset.
This is huge. Maybe not as soon as we hoped, but Havieron update inked in for July/Aug and FS the following year at least gives us some certainty, and might calm the headless chickens we've been seeing running around here lately.
Let's just say I wouldn't be crying on my way to the bank. As for the other commenter who pointed out some here joined at higher prices, well that's not my problem. I recon I've made this mistake more often than most, but I guess I was lucky to get in early here.