Share Name Share Symbol Market Type Share ISIN Share Description
Golden Prospect Precious Metals Limited LSE:GPM London Ordinary Share GG00B1G9T992 ORD SHS 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 21.60p 0 07:43:12
Bid Price Offer Price High Price Low Price Open Price
21.20p 22.00p 21.60p 21.60p 21.60p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.14 -0.46 -14.90 12.3

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Date Time Title Posts
17/6/201912:50Golden Prospect Precious Metals Limited1,096
07/1/201909:22Golden Prospect Precious Metals Limited :GPM1,011
17/3/201610:27Golden Prospect Precious Metals Limited7
16/7/201212:54GOLDSTOCK PORTFOLIO-Golden prospects184
24/9/200909:01GOLDEN PROSPECT -traded on IOB market-

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Golden Prospect Precious... (GPM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-06-17 16:07:4721.603,600777.60O
2019-06-17 14:29:0121.954,532994.86O
2019-06-17 13:22:1021.6729,0006,284.42O
2019-06-17 11:57:3021.953,600790.27O
2019-06-17 11:29:3721.675010.84O
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Golden Prospect Precious... Daily Update: Golden Prospect Precious Metals Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker GPM. The last closing price for Golden Prospect Precious... was 21.60p.
Golden Prospect Precious Metals Limited has a 4 week average price of 19.20p and a 12 week average price of 18.90p.
The 1 year high share price is 30p while the 1 year low share price is currently 17p.
There are currently 57,002,026 shares in issue and the average daily traded volume is 95,495 shares. The market capitalisation of Golden Prospect Precious Metals Limited is £12,312,437.62.
andyc100: Solid increase in NAV per share to 27.92. Current price represents not far off a c. 30% discount to NAV. Will the share price generally respond to an increase in NAV?
ohisay: And commentary end December pointing up the stock selection effect on performance in the portfolio.Maybe worth persevering with a little longer. West African Resources announced the expected development funding for its Sanbrado Gold Project and, despite incorporating a low equity component, limiting shareholder dilution, the shares nevertheless fell almost 17% during December. Similarly, Westgold Resources was held back following a small equity raise by the group, with the share price declining around 12%. As a result, the fund NAV rose only 1.5% during the month. While the Fund lagged sterling returns of around 10% for the Philadelphia Gold and Silver Index and Arca Gold Bugs indices, we believe these stocks are attractively valued and that their relative performance will recover once the funding issues have been digested. Having previously reduced the position in West African Resources, the Fund participated in the group’s discounted equity raise, though it did not partake in the Westgold equity issue.
creme de menthe: The company has a history of winding up funds. I was invested in New City Energy which wound up last year. If I remember correctly the fund closed with a share price of about 13p and holders received about 95% of the fund value which was about 19p or something of that order. I guess a fund value of about £15m is about as low as it can go before its not worth running and we are approaching that level now with a NAV of about 24p. So I guess if you can buy at 17p and the fund is wound up you should receive about 23p in the end. That is roughly a 30% profit but if past experience is anything to go by you will get a chunk of cash in a few months but the balance might take a year! Anyway, I am getting into the tempted zone again. Certainly at 16p or less.
dogberry202000: What usually happens with gold and silver is that the great majority always get it wrong. There's a large number of people who think gold will fall to $1140 and some think it will go lower than that. Very few think we are around the bottom with an undercut in the miners here. There's some work left to do with the GPM share price before Christmas but there's no reason to dismiss several weeks consolidation around here and a good rise across the sector and GPM's holdings after that. The Dollar is key. The big funds have exploited concerns over Brexit and and other issues within the EU. The trade wars have been an added factor. You either think the Dollar will gain strength or begin to fall around here. i think the Dollar is flaming out here,
brucie5: SpectoAcc 22 Sep '18 - 14:52 - 903 of 904 0 0 0 In my view - and this is only my opinion - if you like silver, you should buy silver. GPM is a sub-scale, very expensive (in TER terms) play on them being able to punt the correct stocks, and not be at such a massive discount when you want to sell.--------------------- It's also the only IT focused on PMs, isn't it? With a spread of geographical risk and, despite the share price, some highly experienced management. And a microcap, at that.
briggs1209: Just thinking out loud but could we see NAV head to 30 p and the share price to 15p. Is this issue just too small to be worth taking over?
kenmitch: Buying back shares won’t make much difference. Many Trusts do it and evidence that it works is limited. Often the discount narrows for a while and then widens again when buybacks stop. What will get the share price moving is when sector back in favour and their main holdings start to do well.
cl1nt1: They might as well return cash to shareholders which will give a 33% premium to share price the way this is going.
professor pettigrew: September to March is traditionally the best 6 months of the year for gold. Though not always. Just think for a moment, worldwide interest rates nailed to the floor - negative in some cases. Its reckoned that QE worldwide is running at £1m per MINUTE, 24 hours per day, seven days a week. But, of course, as we live in a digital and electronic world, that printed money isn't necessarily staying in the country it's created in. So, it follows that worldwide the money supply is expanding rapidly. The M4 money supply in the UK expanded at it's fastest rate for 5 years in the past quarter. Growth in anaemic, and central bankers are hooked on easy money to create growth. Eventually they will go over the top. They will expand QE too much. They will tip interest rates into negative territory in more and more countries. Finally, they will give serious consideration to "helicopter money" and one or two countries (most notably and probably Japan) will directly place newly created money into the bank accounts of the general populace. Remember, this can all be done at the touch of a button. Confidence is waning in paper (fiat) money. When all the above are enacted on at the same time, and with the cooperation and connivance of central bankers globally, that's when the gold price will start it's long ride upwards to $3,000 per oz or above. Isn't it strange that all central banks around the world are pining for inflation? Isn't it stranger that their target is the same figure? 2%. As with everything financial, overshoots occur on the upside as well as the downside. I believe by 2020 we will be presented with worldwide negative rates, massive and constant QE and sudden stagflation. That will be very difficult to control and will be the trigger for the massive influx of funds into gold. The best thing that can happen to gold is for it to fall over the next 3-6 months below $1250, and possibly below $1200. Let the central bankers have confidence that their policies are working. They hate gold. That timeframe will give investors here plenty of time to accumulate this stock at or below the 40p level for a number of months. When the golden worm turns, it will be sharp, sudden and severe. The idea of a £5 GPM share price won't look so fanciful after all.
dogberry202000: Nice to see the new board, bamboo2 and GPM share price is making good progress too. Thanks.
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