RE: Wake up24 Jan 2024 10:43
Well said Chippy.
Persistent reminders by a number of posters over the years continues to reinforce others that we are where we are (SP) because of shorting.
I have asked on a number of occasions why shorters seem to have 'stopped shorting' at around the 8p mark and not continued to drive it down to any other level they so choose. No one has responded. It must be a lucky number (8p) for shorters then!
Very few understand, let alone accept that shorting is essential to retain liquidity in the market(s) provided it is not overdone and 1% of 5+Bn shares is vanishingly small.
What shorting does do (with this share and shares like it), is oil the machinery to try to reflect what the stock is actually worth.
GGP is providing zero cashflow, it doesn't have any gold(yet) and it only owns 30% of a future mine.
This is what the markets are seeing and this is why they provide us with the valuation it deserves currently.
It will change when the circumstances change: D2M, FS, First Ore, FCF.
Then and only then will we (the PI) see another market valuation which we obviously hope will be far north of what we have now. The markets will decide that for us.
You know how much gold and copper we 'should' have when we get there. You all know how much it'll cost to extract and process, so you should be able to work out what the company and the subsequent SP might be worth at various stages.
The sooner we accept our current SP for what it is, the easier it is to accept what it will be worth in due course.
Failure to do this will dampen your expectations - and ruin your investment journey.
Keep your spirits up - not long to go now..................
Z
Sign In
Follow the stocks
