The quick answer is that it was never really there in the first place. Market capitalisation is a value placed by traders on the stock based on likely future earnings. If you sell in small quantities then you can realise that value, but if everyone sells at once then nobody is buying and the value goes down until it gets to a level that someone now thinks it is actually worth.QQ: 2 trillion "lost" yesterday-where has the money actually gone??
Well done getting out near the top. Back in 2019 there was a lot of hype due to the discovery of the Havieron gold mine and lots of unrealistic expectations about a small explorer turning into a large producer.I was reading an LSE board late 2019 and the talk around GGP was massive, I made a small investment via trading 212 and the share price went from about 1.6 to 33 over the course of a few months, couldn’t believe it, I sold with a very nice profit. Like you say though it’s always best to DYOR.
It's all in the either. The money was lost of the value. But it's like the way your car losses value as it gets old sat on your driveway. You don't see it happen. But it did really happen.Thanks. But it was done because I got cold feet over Israel/Iran and the threat to global trade because of a threat to the Straits of Hormuz.
QQ: 2 trillion "lost" yesterday-where has the money actually gone??
The one risk you maybe under estimating is hidden in your post. The value of gold mining stocks is very much linked to the value of gold...Well done getting out near the top. Back in 2019 there was a lot of hype due to the discovery of the Havieron gold mine and lots of unrealistic expectations about a small explorer turning into a large producer.
Reality kicked in and the price dropped from a peak of 39p down to around 5p over the next 3 or 4 years, after they needed to sell 70% of the mine to enable a larger producer to invest in bringing it to production.
However in the last couple of years following a decision by the majority owner to divest it, they have managed to buy back the 70% along with the gold processing plant at nearby Telfer along with Telfer mine. Since then they have found lots of new gold at Telfer and are making lots of money processing gold ore that came with the purchase.
The results for the first quarter of 2025 which is the first full quarter under their ownership are due out this month which should boost the SP further. A cross listing on ASX mid year will bring in new Australian institutional investors which should also boost the SP further.
I’ve been averaging down following a small purchase in 2020 and a longer term holding via an investment company and now I have a significant holding with an average price of 6.1p. Fully expecting it to rise much further than the current price of around 12p. For me it’s currently offsetting the carnage elsewhere due to Trump although it’s taken a bit of a hit today along with everything else.
With the gold price near an all time high I can’t see anything but upside with this share but as with everything people need to look at it carefully before investing.
True, however a turbulent world is good for gold, and even if Trump winds his neck in it’s not going to reduce uncertainty for the next few years. Just my opinion.The one risk you maybe under estimating is hidden in your post. The value of gold mining stocks is very much linked to the value of gold...
It’s in the iCloudThanks. But it was done because I got cold feet over Israel/Iran and the threat to global trade because of a threat to the Straits of Hormuz.
QQ: 2 trillion "lost" yesterday-where has the money actually gone??
You've played it well to this point but if all the money exiting the stock market is going into gold now, given the scale of that sell off. It can only really go the other way at some point.True, however a turbulent world is good for gold, and even if Trump winds his neck in it’s not going to reduce uncertainty for the next few years. Just my opinion.
This is the issue with this particular crash. When a "world event" triggers a big down turn, for example covid, you can be pretty sure it's a blip on a long timeline, so the perceived wisdom advice of sitting tight is something which can be done with reasonable certainty that in a relatively short time, the universe will have righted itself.True, however a turbulent world is good for gold, and even if Trump winds his neck in it’s not going to reduce uncertainty for the next few years. Just my opinion.
This has always been my worry about investing in stocks. The advice 'it always goes up over the long term' works really well for rich people. For ordinary people, however, if you just happen to be unlucky enough to be retiring during a downturn, you're fucked. The other classic scenario is that someone loses their job due to economic downturn, and need to live off some of their savings, but the very thing that caused them to lose their job has also wiped out the value of their safety net.For those of us without that time before the money invested becomes necessary to feed us, it's tempting to take the loss as it is and move into cash for a few years, thereby taking another loss
i feel your pain. i wanted to retire next year but my plans look to be fucked at the moment, That twat guy will probably be lining up a massive share purchase now they have dropped so muchThe **** has cost me £4K today.
£20K in the last 2 months.
But Trump and his business mates are OK because they are millionaires, billionaires, and trilliansires.
It really is a shame the sn
In fairness, anyone retiring in around 5 years should probably have adjusted their pension to have it in the lowest risk category up until they retire.This has always been my worry about investing in stocks. The advice 'it always goes up over the long term' works really well for rich people. For ordinary people, however, if you just happen to be unlucky enough to be retiring during a downturn, you're fucked. The other classic scenario is that someone loses their job due to economic downturn, and need to live off some of their savings, but the very thing that caused them to lose their job has also wiped out the value of their safety net.
I retired Monday stopping drawdown and switching to cash reserves should be OK for a couple of years hope all sorted by theni feel your pain. i wanted to retire next year but my plans look to be fucked at the moment, That twat guy will probably be lining up a massive share purchase now they have dropped so much
Similar figures, 10k in a week, near 25k in 8 weeks, I retired early nearly 2 years ago, I'm 60 in a few weeks and looking at the uncomfortable prospect of going back to work until this shitshow sorts itself out. I'll wait till winter though. I had a plan, it had allowances for bumps in the road, it didn't really have an allowance for a repeat of the great depression.The **** has cost me £4K today.
£20K in the last 2 months.
But Trump and his business mates are OK because they are millionaires, billionaires, and trilliansires.
It really is a shame the sniper missed Trump.