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This should perk up the SP somewhat
Looks like it, by MasterRSI. At what price?
Joking aside, I'm looking to buy but the uncertainty everywhere now and the bargain prices for lots of listed shares makes it a very difficult choice between lots of candidates. Good luck to all holders here and stay away from the coughers, sneezers and ESPECIALLY THE JOGGERS who are making even a short brisk walk a hazardous occupation.
If this makes it to 1p it will be a great ride. Hope we are all still healthy to enjoy it as it will make Lockdown more entertaining especially as the idiots (criminals) out there will cause this period to be a long one.
Seriously considering early retirement now on the back of Covid -19. I've had my fill of accountancy now, some clients pleading destitution after only a few weeks of disruption. Some should have given up the ghost before now but they are eager to grab what they can from the government which will cripple this country going forward. Directors still greedy with their own pay packages, lay offs for the staff and suppliers made to wait for their money.
Hoping GWMO follows the GGP model as placing after placing will be required here if not. My £2k here is speculative. My £10k over there is now £60k and it just keeps on rising. Webley was also into GGP a while ago but put his lot in here instead. Always best to spread the risk.
As they already have significant stakes, seeing the value crash of late they are probably in a state of shock. At some point, maybe now, the urge to take advantage of the decline will become too great and they will buy, assuming that they have sufficient finance available to dip into. Maybe time now to buy 25% of a targeted amount and then 3 more of equal number to average.
Reassuring so should stabilize the SP and director buying today/tomorrow would be helpful. Would love to get back in at this level having sold at 80p a few weeks ago but it might tip-toe in the 20's as the market is trending down still
Now the dust has settled, along with the share price, i'll be putting some of my fun money into this from today as surely the next news will cause a rapid rise (again) and hopefully will consolidate and grow further. A chance of a big % pay-day awaits with a bit of luck.
If he indeed made the purchase, having already invested sooo much into this company's shares, its a pity he didn't get to buy extra placing shares so the money could go directly into the company's bank account, as opposed to going into a MM's coffers. A holdings RNS will follow tomorrow?
Unfortunately GGP has Newcrest while GWMO have a few labourers with their own shovels. Best to stick the money in GGP but after it retraces as that one is still 100% up on hope value and much time and drilling needs to be done proving up the value.
BTW, Webley is a proven disaster area concerning stock picking.
I guess the current price offers a potential 100% gain near term but any news below hopeful expectations will reduce the price to circa. 0.05. At this point it will require a 100% gain just to return to break-even. Too much money can be lost. GGP had its 200% gain but is now retracing rapidly as drilling continues and the SP returns to reflect a current valuation and not wildly optimistic hopes. See SOLG also which is continually drilling and announcing great results but the SP is way, way off its highs. Maybe wait a bit (esp. re. GGP as the retrace continues) and then split any new investment between GWMO and GGP to reduce the overall risk.
I paid over 1p and so that's history and a complete (almost) write-off. The thinking here is to erase the memory banks of what went before and focus on the now and next 1 - 3 months. Starting again at 0.09p might bring rich rewards, or not, as time will tell.