Golden Prospect Precious... Share Discussion Threads

[professor pettigrew] 07/7/2016 22:43

bamboo2/mad foetus - many thanks for your replies.

I'll give my broker a buzz in the morning.

Thanks again.

[mad foetus] 07/7/2016 18:00

Successful retest and sterling off 2 cents on midday. I feel at the moment gold and gold miners is about the safest place to be.

[mad foetus] 07/7/2016 17:55

pp, as it is a Guernsey company I'm not certain about the position but suspect they probably do need to give you a cert if you want one. Call the administrator, the ones in the Channel Islands are invariably helpful and the name at the bottom of any RNS should be able to assist

[bamboo2] 07/7/2016 17:47

PP, perhaps your broker could tell you? I would imagine there may be a charge for paper share certificates.

A successful re-test of $1350? Looks good so far...

[professor pettigrew] 07/7/2016 16:27

Obviously nobody knows.

Thanks for the massive response.

[davebowler] 07/7/2016 16:14

Net asset value as at 06.07.2016 of

Golden Prospect Precious Metals Ltd

(TIDM: GPM):

NAV-bid........... : 56.99 GBp

[dogberry202000] 07/7/2016 16:13

GPM made my first target of 51p before this reaction. My second target in the early 80ps still holds for late summer.

[professor pettigrew] 07/7/2016 15:07

Anyone tell me, is this stock available in certificated form?

[mozy123] 07/7/2016 15:03

Bring up the 10 year chart. Look at GPM 400% move when gold moved to $1900.

And to think of all the monetary easing thats happened since $1900 gold.

£2.00 per gpm if Deutsche bank goes down! :)

We wont be complaining about leaving the EU then! :)

[stevieweebie2] 07/7/2016 13:53

Mad F
Re using this as a Hedge on Sterling as well as a gold/silver play is why when i Had my finger on Sell a few mins ago I decided to hold and play it out.
Happier to have this than not.

[panic investor] 07/7/2016 13:38

mad f, added to that those miners of gone to hell and back and in that process have sorted their costs out. Take HOC, all in cost is around $13 to extract plus the currency advantages.

[mad foetus] 07/7/2016 13:33

got some at under 50p, happy with that.
It is all about NAV, but the underlying cos all have their action overseas and so the nav will increase if sterling drops against the dollar. That's how I view this company: as a play on both gold and on sterling weakness. And of course, as others have said, the profits of gold miners start increasing very rapidly from this point. We'll see.

[panic investor] 07/7/2016 13:30

its all about NAV with this share

[mad foetus] 07/7/2016 13:22

well, I'm sorely tempted here. I don't like the fact it has risen so sharply, but I can see a sudden rush to gold at some point and am more fearful of missing out. Gold is currently 1,360 and sterling 1.315: it could very quickly move to 1,500 and 1.20 imo. Decisions.

[panic investor] 07/7/2016 13:12

silver and gold bashed before US data imho. It makes the recovery from lower levels !

[mad foetus] 07/7/2016 13:09

Not so sure, looks like gold is picking up again and everyone is calling sterling down to $1.20.

[brucie5] 06/7/2016 16:18

54.71 last nav.

[robo21] 06/7/2016 14:15

Massive volume,
Every dollar rise goes straight to the bottom
Line of producers who have bee streamlining
Their operations for the last few years, IMO
This is just the start of the rise.

[highly geared] 06/7/2016 11:30

The leverage miners are starting to see means NAV will accelerate exponentially if gold moves toward $1500 and silver $25.
It's intereting that any pull back on the metals hasn't seen miners drop significantly.
I can see £1 here by August if this run gathers pace. Events at a macro level appear to be unravelling as Brexit has exposed the worlds financial system for what it is.

[davebowler] 06/7/2016 07:33

Wow. I should go on holiday more often. What a stunning rise over the last couple of weeks.

[stevieweebie2] 05/7/2016 16:09

54 nav, lovely

[dogberry202000] 05/7/2016 14:04

This is the sort of thing that used to happen before we joined the EU.

[dogberry202000] 05/7/2016 14:01

Look like we are either on the verge of or actually in the middle of an old fashioned, major sterling crisis. Once cable breaks $1.30 all hell literally breaks loose. Currently it's $1.3060 down around 2.30 cents from yesterday.

[dogberry202000] 05/7/2016 10:32

My gold/silver stocks are mainly in the US, so the fall in the pound has been a real boost!

This is even more true of GPM as it has most of its holdings around the world.