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manchester blue
Guest
9.8p over his trades. Reckons heading for 70p plus.
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west didsblue
Well-Known Member
- Joined
- 2 Oct 2011
- Messages
- 30,810
Hopefully!9.8p over his trades. Reckons heading for 70p plus.
M18CTID
Well-Known Member
What's the name of the company you've invested in mate? Is it Greatland Gold itself or someone else?My mate’s into these big time. Reckons they’re ready for lift off. They’ve halved in the last 6 months but he’s holding his nerve.
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manchester blue
Guest
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!What's the name of the company you've invested in mate? Is it Greatland Gold itself or someone else?
M18CTID
Well-Known Member
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.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!
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!
west didsblue
Well-Known Member
- Joined
- 2 Oct 2011
- Messages
- 30,810
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.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!
Just topped up on GGP itself after reading some more detail about their mining operation in Western Australia.
M18CTID
Well-Known Member
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!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.
hampshireblue
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- Joined
- 10 Dec 2014
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- 1,122
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.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.
west didsblue
Well-Known Member
- Joined
- 2 Oct 2011
- Messages
- 30,810
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!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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manchester blue
Guest
Haha. I just bought 11k shares. Hopefully they go up. Five years ago they went up 10000%. That'll do, lol.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!