Golden Prospect Precious... Share Discussion Threads

[tykethat] 05/6/2019 12:01

The only consistent thing you can say about this trust is that 18p is a good buying point!

[greenrichard] 05/6/2019 11:32

Not sure about them as the quoted spread is quite big and concerned about liquidity if trading in size.

[greenrichard] 05/6/2019 10:32

Are you referring to the subscriptions shares when you mention the warrants?

[spectoacc] 05/6/2019 09:44

They don't want a two-way market, they simply want some sells, whilst preventing buys. Ironically, if they raise the price, people pile in. At some point they'll spike it a few p, still refuse buys, then tank it back to "fear out" some sellers.

Standard MMs!

[llef] 05/6/2019 09:39

its a bit poor that i still cant get a firm price to buy 5000 shares using HL.

The sell price is up 20.69p now.

Why dont the market makers move the price up to 22-24p say to generate some sales, or 23-26, or whatever market needs in order to get a proper 2 way market in the shares?

[skidaddle] 05/6/2019 08:23

Already got them.

[ohisay] 05/6/2019 07:43

Could be a smart time to buy the warrants.

[creme de menthe] 04/6/2019 14:41

If a deal is reached in the China trade war gold will fall back again. Nevertheless an impending US recession means a probable improvement in this share over the next 24 months.
We just have to wait it out.

[llef] 04/6/2019 12:03

still no firm buy price available, but sell price has risen to 20.6

[llef] 04/6/2019 11:32

brugen - i would not be surprised! :-)

still can't get a firm price to buy 5000 shares from HL.
sell price for 5k has crept up to 20.16

[brugen] 04/6/2019 00:23

I bet they sold it on 1st May :-)

[llef] 03/6/2019 20:42

as of end april, 3rd biggest holding is

Americas Silver Corporation 8.86%

which is up 8.5% today.

only one day's rise for only 1 stock i know, but ill take it :-)

[llef] 03/6/2019 15:24

using HL, cant buy 5k shares online, but can sell 5k at 20p.
guess MM are short of stock?

[greenrichard] 03/6/2019 11:26

Taken a small punt here but I do think their stock picks are fairly mediocre. But even so, the widening discount to NAV must offer some opportunity to take advantage. Could do with silver perking up a bit.

[robsy2] 02/6/2019 11:18

Better hold on then. So far This has been a painful reminder that i have only ever lost money buying gold.
R2

[skidaddle] 02/6/2019 10:17

lief

I think you will be fine with your buy-in here.

The NAV could go over 28p on Monday, what with gold going up $16 on Friday, which makes the shares on a 40% discount to it.

This could be the time that gold goes over $1350.

Even if the dollar rises, gold may go up in tandem like it did in the early 2000's.

If the dollar tanks and it is starting to look like it may, then gold will go up even quicker.

Then there is the technical aspect here. The 50ma is getting really close to the 200ma on the GPM chart. The last time it did that and crossed in earnest in early 2016 it went from about 22p to 60p in about 6 months.

[stevieweebie2] 31/5/2019 12:29

we are all serial losers here but I still hold. would be lovely just to be in profit for onece in the last 5/6 years though.

[creme de menthe] 31/5/2019 12:06

I think the Chinese are buying bitcoin.
Gold will continue to struggle against a strong $.
Still, I would like a 30% rise to break even.

[llef] 31/5/2019 11:52

more fool me perhaps, but ive bought back in here, despite it being a serial disappointer for me in the past.

SPGP (etf tracking large gold miners) is up 1.5% today, gold is up, and there are noises out of china that they wont defend the 7 china/usd exchange rate.
I reckon this might encourage the chinese to buy gold as a way of diversiyfing from the Yuan.... so fingers crossed...

cheers

[brucie5] 17/4/2019 16:29

I do feel the chart here is worth watching. The price seems to have stabilised remarkably against the recent drop in pog, evident in HOC and FRES, for example. I was too early in this year, and transferred most of my PGM into JLP, which has since been well rewarded. But once this breaks over the 200, I sense there will be a good ascent for those who get their timing right. I have no idea when it will begin, though!

[stevieweebie2] 17/4/2019 15:52

Full Year report out as per above, will have a quick glance im sure its just groundhog day though.

[andyc100] 05/4/2019 14:38

The discount to NAV continues to get larger. Surely that cannot continue?

[dogberry202000] 05/4/2019 10:23

The second half of the year will not be like the first.

[creme de menthe] 05/4/2019 10:15

I am still hopeful they will close down the fund and distribute 26p back to clients