Share Name Share Symbol Market Type Share ISIN Share Description
Golden Prospect Precious Metals Limited LSE:GPSS London Ordinary Share GG00BD05Z551 SUB SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 5.35p 5.00p 5.70p 5.35p 5.35p 5.35p 4,628 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0

Golden Prospect Precious... Share Discussion Threads

Chat Pages: 1
DateSubjectAuthorDiscuss
28/8/2019
13:10
btw, davebowler... could you add the following chart to the header... it's useful to be able to see the spread. http://uk.advfn.com/p.php?pid=legacyintra&epic=gpss&type=1&size=3&period=a&freq=1&sprd=1&ind_type1=1&ind1_1=&ind2_1=&olx_1=&scheme=&delay_indices=1
steve73
28/8/2019
13:10
I've had problems trying to buy more than a few hundred quid worth at a time.... but if you get a quote for a small number, and then place a limit order for the amount you want at that, or even a little higher - if buying, then it always been filled OK.... but it may take 10-20 minutes to complete as they scurry around trying to fine enough sellers...
steve73
28/8/2019
12:42
Can you not buy these. Share.com states currently GPSS can not be bought or traded?
sharestobuy
27/8/2019
22:15
Thank you. Almost the same as being grant share options, the difference here is you are placing your bet with cash, as opposed to 'time / service' to the company granting the option.Helpful. Thank you.
stoneme
27/8/2019
22:12
Thank you. Very helpful.
stoneme
27/8/2019
18:29
They effectively give a highly geared exposure to GPM (approx 6x at current price), but with a high risk they expire worthless (i.e if GPM price fails to rise above 46p by Nov 20). However if GPM rises to to say 100p (not impossible if we have a proper gold bull market) then they'd increase to 54p, which is a roughly 8 fold increase on current share price of around 6.5p. A more modest rise to 60p, and they'd be worth 14p, so you'd roughly double your money. Hopefully that gives some sense off the risk/reward trade off.
riverman77
27/8/2019
18:13
Stoneme. To keep it simple:- 1. These subscription shares give investors the right to buy Golden Prodpect shares at 42.3p on November 30th this year people or 46.14p at end of November next year. IF that investor wants to. That is the case whether the share price is £1 or, say, just 20p. 2. Investors do not have to do that. They can buy and sell the subscription shares themselves at any time up to the end of November next year. 3. The arithmetic is simple. If share price is 46.14p or lower, then the sub shares will end up worthless. If the share goes to 60p then the sub share would be worth 14p compared with 6p now. And if share goes to 70p then the sub share will be worth 24p. 4. So IF the share does very well the sub shares have far more upside. But if share does not do well, then the sub share will end up worthless, but the sub share can be sold before it drops to zero. 5. Finally at Nov expiry date next year, investors holding the sub shares can let them lapse. A registrar is appointed to exercise sub shares still being held at expiry date, but relying on the registrar can be risky. Better to exercise if wanting to switch to the shares (assuming the share then is higher than 46.14) or sell the sub shares ahead of final expiry date. I hold some, but they are a gamble. Is a big gold/precious metals rally likely? If confident that IS likely then the subs will be a great way of playing it.
kenmitch
27/8/2019
17:55
I hold GPM in a decent quantity in my ISA, added a few of these at sub 5p.
stoneme
27/8/2019
17:54
Still a little confused by this one guys. Anyone help explain what it's about please?
stoneme
24/8/2019
16:20
* if Subscription Shares are exercised to have effect on the last Business Day in November 2019, 42.30 pence, being a 10 per cent. premium to the NAV on 20 December 2017, rounded to two decimal places; and * if Subscription Shares are exercised to have effect on the last Business Day in November 2020, 46.14 pence, being a 20 per cent. premium to the NAV on 20 December 2017, rounded to two decimal places;
techtrend
13/8/2019
12:59
Is this a warrant on gpm with strike price 40p.Whats the terms and end date please?
goodbloke1
13/8/2019
12:05
Well this is doing what I expected with GPM closing in on 40p
keya5000
08/8/2019
14:04
If you buy now for easy addition at 5p and the GPM stock goes above 40p I suspect it will track penny for penny.
keya5000
08/8/2019
08:31
Hg Take your handle and multiply it by two 😀
robo21
07/8/2019
18:43
How does the gearing work here? I have some GPM in my Sipp.
highly geared
20/2/2019
10:07
Just dangled my feet in this with a 30,000 buy at 1:80. High risk but excellent gearing to the Golden Prospect shareprice.
skidaddle
08/1/2018
13:32
Thanks for setting this up, Dave. Things are quiet here now but I suspect that it will be quite volatile next month. The Open Interest in Gold is huge and it's significantly large for silver in March. Most are expecting a pull-back in gold but as gold is breaking out in several non dollar currencies so those expectations may fuel a rise to $1350 and then $1370 this month. February could then be a story of two halves.
dogberry202000
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