RE: Sp16 Mar 2020 12:40
Considering FTSE 100 has dropped nearly 35%, I would be surprised if any AIM companies would not lose a lot more of their value. Ultimately, junior companies like GGP are hugely depended on obtaining funding to progress their projects, but that will be almost impossible in a “recession” so the market is pricing in huge discounts for the potential problems ahead. No one cares if GHP doesn’t need any funding though, every junior stock is swept with the same brush under these circumstances. Nothing to do with the health of this company though, so if you intended to be here for the longer term, you should have nothing to worry about.
Every junior stock is down similar levels since the start of the crash. Good luck to you all. Having been in the market in 2008 and 2010/2011 (gained and lost plenty in all fronts), I now am a much wiser investor and will definitely buy some of these when the time is right.