Golden Prospect Precious... Share Discussion Threads

[brassgemini] 20/6/2019 09:50

Whats the underlying reasons driving this run? Im still hanging on to my 60,000 share holding in GPM but have had so many "should I sell" moments one the last couple of years Im nervous this is a short term (couple of days) blip that will go as quickly as it arrived!

[techtrend] 20/6/2019 09:47

NAV could easily break 30p today and I expect discount to NAV to close quite quickly if gold remains above $1360

[skidaddle] 20/6/2019 09:25

GDX pre market currently up 3.96%

[stevieweebie2] 20/6/2019 09:17

yes that was my buy, several more since though.

[tykethat] 20/6/2019 09:06

GPM:LSE over performs the FTSE 100 by 5.42% over 5 days at BST 08:02 Jun 20 2019.
Last price 22.36p.

[tykethat] 20/6/2019 09:05

GPM:LSE rose above its 200 day moving average of 20.22 by at least 10.00% with a trade of 22.36 at BST 08:02 Jun 20 2019.
Last price 22.36p.

[stevieweebie2] 20/6/2019 08:48

yes
even I just had another cheeky 10,000 top up first thing, its pound notes for 70p at the moment

[spectoacc] 20/6/2019 08:13

Looking forward to Friday's NAV RNS - feels like gold & GPM bottoms are both in, & that's still a hefty discount to NAV.

[greenrichard] 14/6/2019 16:41

In addition to the Gold price:

As most stocks are held on foreign exchanges, a weak sterling is positive for the fund against the CAD, AUS$ and USD.

Need more volume of buyers to also reduce the current discount to NAV

The fund managers need to improve their stock picking.

[creme de menthe] 14/6/2019 15:52

Promising rise but has failed to break through this level before.
Gold has strong resistance at $1360.

[techtrend] 14/6/2019 15:11

Yep still cant buy volume with any of 3 different brokers

[stampylong trader] 14/6/2019 12:46

Can't buy this in any volume - shame!

[greenrichard] 14/6/2019 11:04

West Gold Resources, which according to the last factsheet was the top holding in the Trust was up 6% overnight in Australia.

[spectoacc] 14/6/2019 10:35

Definitely some twitching of the corpse.

[stevieweebie2] 07/6/2019 15:39

Hi Steve 73 and all, thanks thats great, that actually explains it far more simplistically in a way that enables my feeble brain to understand so hallelujah for that.
Now if I could just figure out what they arnt interested in making a market here ?

[creme de menthe] 07/6/2019 14:14

The warrants are highly speculative and illiquid. I am avoiding these.

[brassgemini] 07/6/2019 14:06

MMs are really not helping ?

[greenrichard] 07/6/2019 13:48

Could sell 25,636 shares (my holding) at 20.91 but only buy a maximum of 1,500 shares. Fancied a top up but not happening!

[brassgemini] 07/6/2019 12:09

Absolutely no volume

[stevieweebie2] 06/6/2019 19:28

Tech trend I have 16000 gpss shares allocated but not bought yet as unsure what to do, I suppose this may be a good time to take them then.

[techtrend] 06/6/2019 18:15

I put a limit order in to buy 40,000 this morning at up to 21p and they sat on it all day and filled 7,500 at the close. Impossible to buy any in volume - MMs are not making a market in this. Perhaps they've been caught short. Gold rising daily and NAV now nearly 28p what's not to like?

I made a decent sum in 2016/17 buying GPM at under 20p (some at 14p ish I recall) and selling between 40 and 55.

Think we're about to go on a similar run now. I also hold 200K GPSS. In 2016/17 GPM went from 15p to 55p in under 6 months so when it moves it really motors. GPSS could be worth 20x current price in that scenario...

[brucie5] 05/6/2019 14:58

Great chart. What more can you say? If PMs rise this should do very well indeed.