Golden Prospect Precious... Share Discussion Threads

[bigdazzler] 17/5/2017 18:25

I've missed that oooff can you direct me to the info please or tell me about it.

[oooff] 17/5/2017 18:24

I added yesterday and today at 35.5 and 36. Hopefully there will be another announcement soon about the initially free subscription shares. Could be quite a bonus, if the precious metals and miners rise substantially.

[mad foetus] 17/5/2017 16:03

Got some at 36.25. Last time gold was at this price the share price here was 44p.

[greenrichard] 17/5/2017 15:35

According to the monthly factsheet, the fund manager calculates the discount at mid price/NAV x 100.

If you use the current mid price on the current published NAV

100 - (36.125/42.63 x 100) = 15.26% discount which is about average for this investment trust.

[eeza] 17/5/2017 15:05

NAV yesterday 42.63p + 20% discount.

Gold up a further $20 today.

Sooner or later....................Booooooooommmmm.

[eeza] 17/5/2017 13:09

Took another 10k @ 36.26p.

Bargain.

Gold up $11.

[bigdazzler] 17/5/2017 09:08

I'm very surprised with the lack of activity on this thread considering the metal price movements and anticipated movements via charting of an upward nature.

Clearly undervalued and as I stated yesterday is showing bullish divergence.

[bigdazzler] 16/5/2017 16:02

Well I added to my postion in GPM.

Price is showing a bullish divergence on macd-H and short term indicators are turning more positive after a 10 day period of negative downward momentum.

[oooff] 03/5/2017 01:36

The company previously had a 28.5 million free subscription share offer in 2011 when each ordinary shares value was over 1 pound.
Announcement made on 14/09/2011 and a record date of 28/10/2011.
Hopefully, this time it will do better.

[stevieweebie2] 02/5/2017 22:07

Cheers guys for the ob's

[papillon] 02/5/2017 21:58

2 year GPM log chart. I had a punt on GPM today. I'm bullish on gold.


free stock charts from uk.advfn.com

[papillon] 02/5/2017 21:46

Log chart looking good for a bounce back up:


free stock charts from uk.advfn.com

[kenmitch] 02/5/2017 18:03

stevie.

It's very good for existing shareholders as we get the subs for free. And 1 for 2 too. So worth buying more shares once we know the offer is going ahead as can we then hold a decent sized sub share stake. Can then sell any shares we don't want.

Obviously if NAV goes up a lot then big gains are likely for the new sub share. If NAV disappoints they won't!

Sister Trust Geiger Counter sub shares were superb performers, rising from under 1p at one stage before going up 60 times.

The big plus for the Trust is they get £millions to invest if/when the sub shares are exercised. So sub shares are often very good both for those holding them and the Trusts themselves. Often win/win for both and better still when investors can get the subs for free.

[steve73] 02/5/2017 14:49

Interesting...

This normally trades at a 15-20% discount to NAV... So at year 1 the share price would have had to increase by some 20-25% (and assuming the discount to NAV is maintained, the NAV by a similar amount) for them to be "in the money". If they are then exercised, the fund accumulates some cash for investment.

Of course, once in the fund, although not perhaps until the cash is invested, assuming the discount to NAV stays the same, I would expect the share price to drop back.

So I see it as a way of the fund accumulating some additional cash in a way that could benefit existing shareholders, especially if the price has risen significantly.

I don't see it as such an attractive offer as it would to a normal co, since the share price here is mainly determined by the NAV.

If the share price is close to the trigger price at the relevant date, there may be a small incentive for large holders to narrow the discount, but would simply expect it to drop back again thereafter.

Overall, I think a small holder is better off to buy the dips as a means of accumulating.

JMHO, NAI, etc..

[stevieweebie2] 02/5/2017 10:38

Any thoughts on the potential bonus issue anyone.

[eeza] 19/4/2017 17:42

NAV down 3p, caused the drop just after 1430.


Corporal Jones of the PM's.


They don't like it up 'em.

[wizard7] 13/4/2017 16:40

miners generally lagging PMs at the moment and as eeza says this has a very useful lag on miners....don't panic!

[eeza] 13/4/2017 14:13

It's always the Corporal Jones of the PM space.

Waste of portfolio space.

[terry barnett] 13/4/2017 14:08

With all the miners and gold price rising, why is this lagging?

[dogberry202000] 11/4/2017 16:52

I wondered what those sellers were doing this morning. One was for a mere 1500 shares. I suppose they thought that gold would go back down as the Elliot Wavers or Cycles people expected. Maybe a share guru gave them the nod. Poor sods.

There's only one rule in a gold bull market. Shake off the unbelievers and take up the fewest investors possible.

[x54v] 11/4/2017 16:19

Buys picking up by the looks of it on the back of a rising gold price and the increased geopolitical tensions.

[brugen] 11/4/2017 14:46

Slow and steady wins the race. Hopefully.