Indeed! There are some valuable piece of information here about FOMO for this stock and risk of investing in mining exploration.
I guess only time will tell but for now GGP is still a very profitable investment (for me) accounting for 12% of my total equity holding with an average price per share around 11p (bought some share at 28p).
There are no sure things. The same information is available to all market participants, yet the price is falling
Good question. The world economy is in fits and starts because of Covid. Probably just a blip. If it goes lower I may have to liquidate other stuff and buy some more.
Welcome to the forum.
D.Y.O.R!
By that logic youāre saying the markets accurately value all companies?
No Iām saying there are no guaranteed sure things
Short term, no. I mean, have you seen the state of the markets this year?
No stock is a sure thing so not sure what youāre getting at?
Just because it doesnāt go up in a straight line doesnāt mean it was pure hype/P&D.
Iām not sure what youāre getting at either 
Market makers playing with the share price to buy in lowā¦ pushing the share price low triggers stop losses that push it further lower allowing this with big money (maybe dark pools, who knows) to swoop in and get a bargain. This is an AIM stock keep in mindā¦ Iāve said this before. The fundamentals have not changed for the companyā¦ Ignore the share price. Personally I bought a good chunk more as itās a steal. But obvs DYOR.
Going by your logic nothing is a sure thing? 
This isnāt some hype company making millions in losses or with a product not yet in existence yetā¦
Itās literally gold in the ground that theyāll be mining and selling in the not so distant future with the help of the largest Australian mining company - thatās as sure a thing as Iāve ever seen on the stock market 
Thatās exactly what Iām saying, nothing is a sure thing. If you disagree fair enough.
There are much cleverer investors that me out there, if this is such a sure thing why arenāt they all buying it hand over fist?
I suppose it comes down to how you define a sure thingā¦ a black swan event could obviously impact it. For example say a country wanted to crash the gold price to make any further exploration/ new mines uneconomic.
IMO people arenāt buying GGP right now because thereās so many other options to double/triple your money out there (mainly crypto plus all the recovery stocks).
Mining stocks were much more fashionable last year along with the gold price hitting $2050 per oz in august.
I think investors are much less patient now (perhaps lots more new lockdown investors?) and want quick returns. Hence the drop in sentiment in the mining industry.
Personally Iām still buying GGP regularly, but I have a 3 year outlook for either production or a buy out.
Iāve been following this one for a while and had a very small amount of shares with an average of just under 23p. I saw today as an opportunity to get my average under 20p by adding a good chunk of shares. Managed to get down to 0.1995. Itās still a small part of my overall portfolio but I may increase in the future. Never good to go all in at once when the price is heading down.
OMG! Whatās going on? 
Share Price free falling now we could really use an update from Shaun
Iām topping up to bring down my obscene average of 22.5p.
Fun fact, ggp now has a lower p/e than Greggās (according to freetrade). Surely a bargain by that measure!
So I took the plunge and bought 1000 shares at 18p. Lets see where this goes! We need another gold rush.
Haha. Makes my 30 shares holding look very lame. Bring on the Gold Rush.
Iāve learned a lesson with it(or been stupid, likely stupid)I bought in at 21.5p sold for 24p or so and thought I could ride the volatile price. Bought at 23p looking for a quick flip and got stuck Iāll average down when I can.
