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Posted 16:45 21 Apr but was deleted by mods!
GGP holding is 821,612 at an Av of 21.203p.
Various buys bought between 13p - 37p using residual leftover from SXX when it flamed out at 5.5p a share plus ISA top up's.
Waiting patiently in my twilight years for golden reward's!
ATB to LTH's
I'm not having any problem getting HL offer a price to sell £65k's worth.
I usually find if I get quote refused it's because I have more than one sell page open, or, cookies blocking pop-ups after I changed browser.
You're lucky, I'm down £33k on 1 account and £15k on my Wife's ISA.
Been there before with Sirius, however as a believer in GH I will hold, despite previously dropping £350k SXX to c£60k. Shafted by a CEO with death by a thousand cuts; who then scuttled off to a position with Anglo American under a smoke screen.
I Invested my salvaged £60K in GGP and was up £140k - I have to question now, am I being sucked in again as a naive mug, at risk of being shafted by another CEO? However in this swirling river of rampers I cling to a branch or twig of pragmatism.
ATB to LTH's
Fred:16
Sally, I echo what you said about staying in background without saying much. Now all in on GGP having sold out of good run with KAZ.
Way back, after breaking even on Mano River, I lost most on Range resources then Solg. Undaunted dusted myself down and with Final Salary payout "got back on my horse" only to get roasted again by SXX BOD, I had built up a 1.2m holding @ avrg 25p, then made an 85% loss after long term holding. (I kept listening the repeat posting of £1 parties, ignoring to my cost, the pessimists, maybe realists). They spoke of novel nature of product still in the ground and BOD talking up Co. worth and positive prospect of Govt financing only to then sell out. Derampers received regular vitreolic abuse for their views as being paid by shorters.
Thanks then to an SXX poster who gave the nod to GGP. (I should have bailed out then and diversified, gullible in selective listening to those in SXX urging to keep the faith - maybe they had only a little money to lose).
This time I say nowt and watch and listen to only 3 or 4 respected posters, who show they have their feet on the ground most with first hand knowledge of local mining area, exploration & development, coupled with a belief in GGP's BOD integrity and potential to make good.
ATB
Where ?> When ?
....nearly all for £55k...
Built up over 1m SXX in 4 HL accounts, including OO's, to av out @ 27p. sold out wednesday afternoon hearly all for £55K, so loss now £215k ! Wise son said, Dad don't put all your eggs in one basket, companies like that - that look too good to be true, can go bust just like that. Me. No no this one will go all the way, don't worry, I'll be setting up a trust for you and for our generations to come.
I wonder how many fell for that altruistic dream ?
Ref wwguk post 22.53
What I haven't seen yet is a caveat on possible risk of selling too many current shares to ensure sufficient cash is held in account for purchase of Basic plus Extra OO shares by noon on the 15th May.
The Shareholder meeting on 21st will vote on whether to accept the OO price of 15p!
Assuming Basic Entitlement @15p is met but over subscriptions are seriously scaled back, (or not allowed at all), will the unused surplus held get back into your account on 23rd May or will it be Mon 27th May - to have an opportunity of using cash to buy on SP dips in the open market in the meantime? GLTALTH.
PEEDUBS. Yes you can buy the ISA Entitlement, but you will need an open Fund & Share Acct (HL?)to put them into with enough cash there to cover your entitlement @15p a share. There is no Stamp Duty on Open Offer shares , confirmed by Hargreaves L that they do not charge a commission fee either. I don't know if that is their option or is mandatory that no charges apply. The same applies to fully subscribed SIPP's, see my 13.30 post.
PS. Bottom Feeder. If before noon 15th May the non-offer SXX price has dropped below 15p, HL can cancel (by phone) your online acceptance if already submitted and you can then use the cash in a F&S acct to buy SXX directly as normal (but then usual charges will apply). GLTA.
If you are with an online main broker like HL there is only the dealing comm & PTM levy on selling current SXX holding (better than 15p) to have funds in your account to qualify taking up offer to buy full entitlement advised in acct. HL has a tick box option to take less/more, or full entitlement plus extra. Ticking this extra request gives a drop down box to enter Total requested including the basic amount.
There is NO Dealing Commission, PTM levy or Stamp Duty on buying the Open Offer share entitlement.
The caveat is if selling current holding to ensure you have sufficient cash in account at noon on 15th May is that selling before then you get a price better than 15p. If you have already maxxed this years ISA/SIPP allowances as I have then you can still use Fund&Share cash to pay for the ISA/SIPP entitlements shown, which can be purchased and held in a F&S account (HL have double confirmed all this). GLTA
They are referring to the 14th May noon deadline to register acceptance/rejection vote at 21st May shareholder meeting, not the open offer entitlement that you have to exercise by noon the 15th May for SXX shares that were held at COB on 30th April.
ATB