Golden Prospect Precious... Share Discussion Threads

[dogberry202000] 23/2/2017 16:02

With $1250 now punched through things could get very interesting for GPM. Oops. It's fallen below again! I wonder if they pulled it under for the London close, only for gold to go over 1250 afterwards?

[jitters3] 23/2/2017 14:19

Topped up today

[dogberry202000] 23/2/2017 13:56

$1250 gold is a nice round number I'd like to see taken out before I'd have greater confidence in the current move in gold/silver.

[dogberry202000] 23/2/2017 13:52

The Dollar is down and Gold and Silver have popped up. The daily cycle low in the mining stocks has been playing out over the last few weeks and may even have a day to two left to go. (They are not as strong as they should be today). I've seen it mentioned that the Dollar is likely to make its real move after the State of the Union Speech early next week. I'm holding here, waiting for the new cycle high sometime in April. The issue now is has the Dollar topped and is it on its way down to 97? If so, roll on 72p + for GPM.

[davebowler] 23/2/2017 13:46

Net asset value as at 21.02.2017 of

Golden Prospect Precious Metals Ltd

(TIDM: GPM):

NAV-bid........... : 55.24 GBp

[mad foetus] 23/2/2017 13:34

Looks like the MMS are all out to lunch and have left the computers in charge. share price should be up a penny at least!

[mad foetus] 23/2/2017 13:04

Strange how 2 buys at 44.375 moved up the bid.

[mad foetus] 23/2/2017 13:00

Just bought another slice, FRES up and gold looking perky.

[stevieweebie2] 22/2/2017 12:59

yeah
gold moves up, this moves down, quite odd.

[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?