Golden Prospect Precious... Share Discussion Threads

[mad foetus] 22/2/2017 12:58

Well, right now is a buying opportunity

[mad foetus] 17/2/2017 12:16

My buy moved it. Lol

[stevieweebie2] 17/2/2017 12:02

I cannot believe this hasn't moved yet, will today's Nav move it?

[rogerbridge] 09/2/2017 12:59

Thanks Lucky

[ohisay] 08/2/2017 20:29

Thanks for thst.
I'm a fan of weekly charts and I see nothing but good news.

[luckymouse] 08/2/2017 19:38

Some interesting possible targets

[ohisay] 08/2/2017 17:08

The given law of investment trusts is if the assets of the IT are in demand then the discount will narrow.
If you think Gold and Silver are going up then this is effectively one of the best leveraged plays around.ie the share price will go up more than the NAV.

[stevieweebie2] 07/2/2017 16:41

Discount likely to Grow unless the share price goes up or am I missing something?

[ohisay] 07/2/2017 13:03

Current NAV as of yesterday 56p - likely to be getting on for 60p end of week I'd have thought.
That also means the % discount is likely to narrow.

[davebowler] 07/2/2017 11:32

Net asset value as at 03.02.2017 of

Golden Prospect Precious Metals Ltd

(TIDM: GPM):

NAV-bid........... : 54.31 GBp

[stevieweebie2] 03/2/2017 16:11

Decent discount to nav now esp after today gld price strength.

[skidaddle] 18/1/2017 09:28

Lets get more up to date shall we.

Net asset value as at 16.01.2017 of

Golden Prospect Precious Metals Ltd

(TIDM: GPM):

NAV-bid........... : 53.22 GBp

[davebowler] 17/1/2017 10:07

Net asset value as at 13.01.2017 of

Golden Prospect Precious Metals Ltd

(TIDM: GPM):

NAV-bid........... : 52.13 GBp

[dogberry202000] 12/1/2017 12:06

The Metal X position is an interesting one. GPM probably increased the size of its holding to maximise its shares in Westgold (before its demerger from Metal X). The split was one share for every two of Metal X. The result is a separate gold company of a decent size (plus $500m and growing). It appears that most of the same board manage both companies. In the aftermath of the demerger Metal X was slashed in value and the market is still coming to terms with what it may be worth, as it is a good sized company itself mining tin, nickel and copper.

I'd say the holding in Metal X gives us an interesting mix at a time when Trump wants to build up America again. Hopefully the loss of business from China will not impact prices too much before the slack is taken up again in an increasingly de-globalised world. Certainly, the consequent inflation will spur price rises in commodities even though there may be a dip first. I'd say GPM will slim down its position in Metal X when it is appropriate to do so. But I see why you pose this question.

[mozy123] 12/1/2017 11:00

Any thoughts on "metal x" a tin miner as number one position in this portfolio?

[davebowler] 12/1/2017 10:50

Net asset value as at 10.01.2017 of

Golden Prospect Precious Metals Ltd

(TIDM: GPM):

NAV-bid........... : 50.99 GBp

[davebowler] 09/1/2017 15:31

Net asset value as at 06.01.2017 of

Golden Prospect Precious Metals Ltd

(TIDM: GPM):

NAV-bid........... : 49.40 GBp

[davebowler] 05/1/2017 12:18

Net asset value as at 03.01.2017 of

Golden Prospect Precious Metals Ltd

(TIDM: GPM):

NAV-bid........... : 46.95 GBp

[chinese investor] 27/12/2016 13:43

Professor Pinocchio (GRM) 13 Oct '16 - 21:13
I have a modest holding bought in two tranches at 47.21p and 46.5p.

Professor Pinocchio (GPM) 15 Aug '16 - 21:12
Bought a very small amount last week for inclusion in my ISA, but will be topping up regularly between 50-55p.

[phoebusav] 20/12/2016 11:28

There seems to be a discrepancy in the price action of GDXJ between its London and US listings since the last GPM NAV update on Friday. If we use the LSE listed version of GDXJ as the benchmark the GPM NAV should be around 38.25p now. With larger discounts on dips I reckon 28-29p is about right for this now. However, as this is close to 30p and 30p is a significant number we may see that hold unless gold falls further. Best of luck.

[highly geared] 19/12/2016 19:37

Gpm trades 15-20% discount to NAV ,which is currently 40p.
If gold bottoms around these levels then this won't go much lower. No point buying though until gold/ silver direction known.

[phoebusav] 19/12/2016 19:33

GDXJ moved significantly lower since Friday session. This should be around 27-28p now by my reckoning.