Golden Prospect Precious... Share Discussion Threads

[brucie5] 20/9/2018 19:54

edited. Sorry. 27% to nav.

[stevieweebie2] 19/9/2018 11:00

Maybe some Lag/Histerysis and actually the Nav might start to climb slowly now.

[spectoacc] 19/9/2018 09:15

@weywey - surely far more relevant is GPM's NAV, which has gone from 29.51, 29.47, to 28.92 over the past 3 reporting days (ie pretty sh*t).

Remain a holder, but going lower I reckon.

[weyweyumfozo] 19/9/2018 09:08

I note that the HUI has risen by 7.5% over the last five days and GPM has gone gone down over this period. I don't expect an exact correspondence, but it should be closer than this. Perhaps it will turn today and form a double bottom.

Looking at the Comex gold chart above, gold has been coiling for the last month, so it should break one way or the other over the next couple of weeks. Hopefully after dropping for three months, some seasonality will kick in.

[spectoacc] 06/9/2018 15:47

NAV down 2p in 3 trading days was a surprise.

[spectoacc] 05/9/2018 07:58

@Brassgemini - someone will know the exact wording, but the GPM close will be either mid price, or uncrossing trade (being on what used to be called SETSmm). For example, there's currently 10k shares sat at 18p on the bid; isn't impossible for someone to put say a 1 share "MKT" order on there at close, and 18p become the close price, which is clearly daft. Can't remember the last time I saw a UT trade on GPM mind, intra or close.

[brassgemini] 03/9/2018 17:32

As a newbie can someone help me out. Bought into GPM as a disciple of John Baron Portfolios. Have been following the slide of the price but don't understand how the market close price is calculated as it seems to have no resemblance to the list of trades shown on the London Stock Exchange site for GPM for that day. I dont have access to level 2 anywhere. Can someone educate me?

[spectoacc] 03/9/2018 07:28

KWN King World News! King World News! King! World! News! Exclamation mark exclamation mark exclamation mark!

A good belly laugh to start the week.

In other news - hoping we've seen the bottom in GPM now, & a slow retracement back to late 20's.

[stevieweebie2] 28/8/2018 12:15

Nice bit of volume/price action today

[creme de menthe] 25/8/2018 15:22

I'm long at ave 32p but definitely time to start averaging down. Might fall a bit more if dollar rises again but New city have past form in closing funds down when they get too small. A return of 31p ish would be good.

[spectoacc] 22/8/2018 16:15

I'm long & avg'd but agree with @Brucie - still a lot of sellers around it seems, even if it's weak hands.

[brucie5] 22/8/2018 14:25

You're brave, Weywey, but you have to go back to 2015 to find GPM so cheap. I guess its fall from 30p has been accentuated by the discounting effect. So you're also getting more for less. But I'm not yet convinced that the turn has been reached.

[weyweyumfozo] 22/8/2018 14:17

Talked myself back in too. A definite bottom hasn't formed yet, but I never could wait.

Some of the linked charts and comments in this article are worth clicking for a quick look:



We are nearing the end of the summer doldrums for POG and there are various indications that a base may be forming. If US interest rates keep rising at the pace expected, Trump will be able to blame the Fed when it all goes Pete Tong, so the Fed might slow down the rises IMO.

[wskill] 22/8/2018 09:24

I had to average down to have any chance of making a profit the tide will turn at some point with todays madness in the markets. I would say GPM is one of the safest plays in the market with the current discount.

Think I just talked myself into buying some more GPM.

[spectoacc] 22/8/2018 08:52

NAV discount been higher than this tho.

Someone's but an optimistic 10k shares on the order book at 18p - good luck with that :)

[briggs1209] 21/8/2018 18:16

hmm discount to nav (link above) often moves backwards and forwards from 10% to 20% which means 26p to 29p. So even by historical standards this is lowly rated.

[stevieweebie2] 21/8/2018 16:19

Just averaged myself a little just a fraction over 21.

[spectoacc] 21/8/2018 13:57

Just averaged too. Wonder who sold 50k at 20p earlier.

[spectoacc] 21/8/2018 10:07

Ha ha don't bank on it! Been surprised how much NAV has come off, with the $ so weak.

[wskill] 21/8/2018 10:01

Thanks Mr MM for filling my order .

hopefully I do not require another average down buy.

[wskill] 21/8/2018 08:09

Increased my limit order for 65k today to 23p now Mr MM please play nicely ,if no takers today will average up my PMO holding oil /gold there is some safety in both.