The FTSE

  • Thread starter Thread starter worsleyweb
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M18CTID said:
What's the name of the company you've invested in mate? Is it Greatland Gold itself or someone else?
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GGP - Greatland Gold. It's not me it's a pal but I'm having ago today. He's been on at me for a year about these!
 
manchester blue said:
GGP - Greatland Gold. It's not me it's a pal but I'm having ago today. He's been on at me for a year about these!
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Thanks mate. It sounded like @west didsblue had shares in another company but GGP makes up the largest share of their portfolio so was unsure whether to dip into them or GGP itself.
I'm tempted to have a dabble myself. I actually invested a couple of thousand in GGP back in 2017 when their shares were about 2p each but like an idiot I bottled it around a week later when the price went down by about 10% so bailed out ffs!
 
M18CTID said:
Thanks mate. It sounded like @west didsblue had shares in another company but GGP makes up the largest share of their portfolio so was unsure whether to dip into them or GGP itself.
I'm tempted to have a dabble myself. I actually invested a couple of thousand in GGP back in 2017 when their shares were about 2p each but like an idiot I bottled it around a week later when the price went down by about 10% so bailed out ffs!
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I have some shares in a very small investment company called Starvest (SVE). They invest in mining companies and I think more than 80% of their portfolio value is GGP. The SP of SVE has a discount to NAV of over 30% so it's a cheap way of buying into GGP, although that doesn't mean much unless the SP starts to catch up with the NAV. Not sure why there's such a discount. It may suggest there's additional risk doing it that way but I really don't know.

Just topped up on GGP itself after reading some more detail about their mining operation in Western Australia.
 
west didsblue said:
I have some shares in a very small investment company called Starvest (SVE). They invest in mining companies and I think more than 80% of their portfolio value is GGP. The SP of SVE has a discount to NAV of over 30% so it's a cheap way of buying into GGP, although that doesn't mean much unless the SP starts to catch up with the NAV. Not sure why there's such a discount. It may suggest there's additional risk doing it that way but I really don't know.

Just topped up on GGP itself after reading some more detail about their mining operation in Western Australia.
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Cheers mate. I'm going to get some GGP myself - hopefully I'll have the nerve to hold for longer than a week this time!
 
west didsblue said:
Got shares in a company that invests in mining. Their biggest investment is in a company called Greatland Gold (GGP). Their shares will track the price of gold to some extent but will also be affected by their exploration success or failure. They are a low cost producer too.
https://miningmaven.com/blog/1190-g...l-ahead-as-exciting-study-hits-market-ggp-g8g
Their shares peaked at the beginning of the year and have fallen since but are still 10 times higher than they were two years ago.
Don’t take this as a recommendation though as I have no insight into the gold mining industry.
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Moneyweek has an article each week(funnily enough) of a share you wish you'd bought and one that you were lucky to have not bought. Greatland were in the latter category a couple of weeks ago.
 
hampshireblue said:
Moneyweek has an article each week(funnily enough) of a share you wish you'd bought and one that you were lucky to have not bought. Greatland were in the latter category a couple of weeks ago.
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Moneyweek tipped GGP in early Feb this year so I guess their most recent article relates to following that particular recommendation from when the SP was about 25p. Doubt that people who bought in at a few pence a year earlier are regretting it!
 
M18CTID said:
Cheers mate. I'm going to get some GGP myself - hopefully I'll have the nerve to hold for longer than a week this time!
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Haha. I just bought 11k shares. Hopefully they go up. Five years ago they went up 10000%. That'll do, lol.
 
M18CTID said:
Unreal that Tesla share price. I think it was around $470 following the split last year, and many were wondering how much more it would keep rising yet it's still more than doubled since then. I'm just hoping NIO follows suit at some point over the next few years. It's not taken off this year so far and I'm actually a little down on my significant investment but many are still predicting a 10, 15, or even 20 fold rise over the next 5-7 years
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I bought Nio at around $4.60.....kicking myself for not selling at $65 in Jan but determined to hold for the medium term now. I’ve always thought Tesla was overpriced, even before the share split but it keeps defying logic....
 
DenisLawBackHeel74 said:
I bought Nio at around $4.60.....kicking myself for not selling at $65 in Jan but determined to hold for the medium term now. I’ve always thought Tesla was overpriced, even before the share split but it keeps defying logic....
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You got into NIO at a cracking price and surely you will make a fortune if you hold for anything like a decent period of time from hereon in. I only saw the tip on here last autumn when it had already risen by a huge amount so my average buying price is around $44. Who knows how much it rises over the coming years? But providing the company does well then I'd hope that even if it can't hit Tesla's current price, I ought to see a very good return on my investment. Put it this way, if it hits $800 a share - not that I'm expecting it to - and I've stuck with it all the way through then I'll be able to retire a millionaire!
 
be interesting to see how the gold mining stocks go in the next 12 months compared with the bitcoin mining stocks.
As a marker current prices
ggp=17.5
hut8 12.20
0.73 dollar
 
DenisLawBackHeel74 said:
I bought Nio at around $4.60.....kicking myself for not selling at $65 in Jan but determined to hold for the medium term now. I’ve always thought Tesla was overpriced, even before the share split but it keeps defying logic....
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I honestly don't get it with Tesla. I understand that they have some decent tech in their products and they're currently outselling their rivals in the EV market, but every manufacturer in the world is pouring billions into developing competitors. At present it manufactures less than 0.1% of cars in the world and about 15% of EVs. I can't see the EV percentage going up significantly as more and more competitors bring rivals on to the market, so for it to go from a 100 billion dollar company to a trillion dollar company in 2 years seems utter madness, especially as its boss comes across as a nutter. Even at $100 billion dollars a couple of years ago its capitalisation was bigger than GM and amongst the biggest in the world and it's gone up ten fold since then. I must be missing something - do they have some patented technological advantage that others can't match? The other trillion dollar companys Apple, Amazon, Microsoft and Alphabet (Google) all have worldwide market penetration with huge market share, and operate in multiple areas. Tesla is nothing by comparison. I don't have enough insight to predict a crash in its SP but there's no way I'd put my own cash in it at over $1000 a share. It looks like a huge balloon to me that's about to burst.
 
M18CTID said:
Good stuff. 28,601 shares bought this morning. All aboard the GGP train - I'll try and hold for longer than a week this time!
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I’ve added a paltry amount to my current derisory holding this morning, a fraction of the amount you have but looking forward to the boom and being rich very soon
 
@westdidsblue
tesla this week secured orders of 200,000 cars from Hertz, and 50,000 from uber
coupled with a really good quarterly, really easy to see the massive SP rise why this week.

Like you say a Trillion is a large cap, but people have been calling overpriced for ever on this stock, and big shorters have have done their money time and time again.
 
zerox said:
@westdidsblue
tesla this week secured orders of 200,000 cars from Hertz, and 50,000 from uber
coupled with a really good quarterly, really easy to see the massive SP rise why this week.

Like you say a Trillion is a large cap, but people have been calling overpriced for ever on this stock, and big shorters have have done their money time and time again.
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I know what you're saying and I'm not denying that Tesla have a great brand, but a trillion dollar company? Seems mental to me but what do I know.
 
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