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Thanks IG I'll take that comment on board. The 1m MC is not demanding but for now I've only made a small investment Do I assume an RTO will require a delisting?
Hi I'm new here. Does the name of Scott Kaintz worry anybody? His prior involvement with Andrew Bell and RGM is a bit of a concern to me. Wealth destructors. Does the RTO imply he will have less involvement? I like the idea of the platform but rarely have shareholders benefited from his business deals.
This price action determines what sought of investor you are and how you tolerate risk. People who know their way around the mechanics of stockmarkets and company fundamentals are fully aware of these price fluctuations and accept pullbacks as a natural part of a companies progress. Those with little or no research or experience who take punts via social media and herd mentality bias suffer from irrational and emotional decision making. Is GGP any worse in assets and opportunity now compared to when 9.5, no.
You just don't create wealth overnight. Better off buying a Euro millions ticket if that's what you want.
I finally sold at .31 yesterday and with the money I am indeed going to chase rainbows.
I think you are right Krimh. Inept, unfocussed, ineffective, lifestyle CEO. Questionable assets, with no money to find out. Last placing was complete evidence of inside mates pillaging shareholders, for personal gain. I've decided at 62 I won't live long enough to see material gain. Molyhil 11 years on and not a dime.
Hi Red I'm not a holder here but did read their latest and previous RNS. Some investors I know have taken a position here, but if you look into the backgrounds and dealings of Paul Johnson and Andrew Bell, their reputation proceeds them. I hold GGP for the record. You may get a better opportunity to buy in a few weeks time or even tomorrow but not a recommendation.
The facts speak for themselves 95% of traders lose. Ask yourself are you that good? Real wealth creation is by identifying a company with quality assets and management, buying at the right price and holding for the real monetising event. Doing nothing and controlling emotion is the hardest part of all. GLA for tonight but really it's still an early piece in the jigsaw.
I know a lot of my Aussie investor mates would love GGP to be dual listed on ASX and AIM but maybe a bit late for that now. I'm very fortunate to have access to both. Junior gold companies are really on the move over there especially on the back of POG in OZ dollars. There only access to Haveiron is via NCM.
From a hc member...
How I cheated myself out of $17m on the sharemarket
In 2003, I held 250,000 Oil Search at 60c. Sold them at 70c, they later hit $9.83. That's $2.5 million missed. I also once held 50,000 Zinifex at $2. Sold them at $2.40. They hit $21.60. That's another million.
Then there was the tech boom. That involved selling 200,000 Davnet at 40c, they went to $6; and selling 300,000 Voicenet at 38c that later hit $3.80. Add them up and that's another $2.35 million missed. These are just some of the ones that got away from me. No doubt you have your own story.
The worst thing about all the above trades, is that all I had to do to make $5.85 million was to do absolutely nothing at all. Instead I fiddled my way out of it. An activity that any commission-driven broker is paid to do, creating activity for activity's sake, for a commission, when the best course of action was to simply invest, not tinker.
But forget the $5.85 million, my best stock market opportunity came when I was working at Barton Capital and we got a visit from the investor relations guy of some crappy resources stock. It was February 2004. He was a friend, used to work with him at ABN AMRO, so when he asked if he could come in and sell his wares to the broking desk I made an exception and said "Yes".
Days later the traders were all over it, the volume was rising, the price had ripped up from 1.2c to 3.3c and on momentum alone I had personally bought a million shares at 1.6c. Now I'm no fool and as any stockbroker will tell you, when you find yourself standing at the desk punching the air in delight it can only mean one thing, "Sell!" So I did. It was a holiday in Bali for goodness sake.
Now what was that crappy little resources stock called again? Oh yes. That was it. Paladin. I once held a million Paladin at 1.6c. They went to $10.80. That's another $10.8 million left on the table.
There used to be a bit of a stockbroker thing that you needed $5 million to retire. Win a million on Tatts Lotto and it doesn't actually change things. You need more. A million isn't a million to a retiree, it represents around $50,000 a year of risk-free income, so you need more. But $5 million? Paladin would have delivered twice as much. I had only risked $16,000 that I didn't need – not needing it being the most essential element of long-term patient investment – and all I had had to do was absolutely nothing.
They say it's better to regret the things you've done rather than the things you haven't and I assume they're right. You only get one shot. To have had your chance at transformation, even if you didn't know it, is a thrilling part of "playing" the stockmarket, realising that you were once in the box seat is an everlasting reminder that at any moment you could be again and what better challenge could there be than knowing that right now, at this very moment, in the pages of the internet, the next Paladin is right in front of you, if only you could see it.
https://smallcaps.com.au/mining-industry-covid-19-explorers-suspend-operations/
We are lucky to be still operating at Havieron, and probably the true reason for the delay at Scallywag.