RE: Shorters3 Nov 2022 21:08
Avocet (and others like you).
I simply don't understand your frustration. There is probably more information available on GGP to shareholders than any other stock on the FTSE/AIM. An army of shareholders, many of them extremely well versed in research and investigative techniques have dissected this stock to within an inch of its life. Data is coming out of their pores.
The CEO/MD of the company is constantly and directly updating us in a transparent manner - unheard of with any other stock I have been involved with over many of my years in S&S.
We're not talking possible/probable/maybe here, we're talking WHEN (production) and WHAT (amount of resource).
Unless this is one of the greatest 'cons' in financial history, nearly everything points to a massive payday.
You MUST understand the speed at which this is happening. From discovery to production will be 6 years! Statistically, new mines take between 10 and 15 years to develop.
https://greatlandgold.com/projects/havieron/
Forget what is in the past, ignore the daily drip, drip of the SP, concentrate on the end game: 2024. Everything else is just background noise.
Warning: If you trade GGP frequently, then two issues could throw a spanner into the works for those who are of a nervous disposition:
1. TIME: If money is needed now.
2. ENTRY LEVEL: Investing during the "bubble" (IMO: when the stock was above 20-25p), which has now burst.
If any of the above applies to any shareholder - that individual needs to prepare an exit strategy using damage limitation, I would suggest.
[I'm not saying this stock 'won't' go above 25p+ but (again IMO) it could talk a long, long time to get there because after all we do only own a third of the mine].
If a reader is averaging high, then this is a beautiful moment to drag that average way down, may I suggest? This opportunity will fade, the closer we get to the DFS/DTM.
Information is power - the power to calm those nerves and be confident about this stock. Do your homework if you feel anxious, there is a long list of references and a host of knowledgeable people only to happy to fill in the gaps.
https://www.ggpchat.co.uk/ is a great place to start.
Try and enjoy the journey, this should be a hobby not a profession. This time will pass.
Best
Z