Golden Prospect Precious... Share Discussion Threads

[phoebusav] 23/7/2020 09:32

Reckon there's a good chance gold hits the all time high later today. $1882 right now. Only 2% to go.

[greenrichard] 22/7/2020 13:32

No shame in taking a profit along the way.

[phoebusav] 22/7/2020 13:11

That NAV is 2 days old. More like 68p now for GPSS and 75p for GPM.

[davebowler] 22/7/2020 13:06

Net asset value as at 20.07.2020 of Golden Prospect Precious Metals Ltd
subscription shares of no par value
(TIDM: GPMs):
NAV-bid: 62.08 GBP

[phoebusav] 22/7/2020 13:03

Spot silver over $23!

[phoebusav] 22/7/2020 13:02

Silver broken to new high!

[keya5000] 22/7/2020 12:51

With regret I sold 200k earlier. Had 500,000 from the 4/6p area. Couldn’t even sell them when COVID-19 smash came in March was offered 0.6p. So to get 15.7 and retain 300k was to good to miss. From a risk management position it was starting to get a tad overweighted portfolio wise. Will let the rest rise now.

Perhaps the best trade I have ever had. Possibly should have kept them but it’s banked now.

[highly geared] 22/7/2020 12:14

Secret with these is not to sell too early, especially if gold/silver light fires under the GPM basket of gold/silver miners. The miners are leveraged plays on the gold/silver price, feeding GPM NAV, in turn , leveraged further here as sub shares.

[32campomar] 22/7/2020 05:49

Gold prices surged to a nine-year high on Tuesday on the back of the European stimulus package and coronavirus surge, ANZ Research's Hayden Dimes said in a note. "The unprecedented stimulus package is likely to push real interest rates even lower, a boom for non-yielding assets such as gold. This also comes amid a new surge in COVID-19 cases threatens to derail the economic recovery as governments ease restrictions," Dimes wrote.As of Wednesday morning during Asia hours, gold hit its highest level since September 2011.

[steve73] 22/7/2020 03:06

Gold & Silver both stepped up in early Asian trade... Gold up $15, Silver >$1, so it should be another good day here, although so far our ASX companies don't seem to have reacted to it... probably in disbelief..!!

But Canada was strong yesterday, and our NAV (diluted) could be up around another 2p today.

[noirua] 21/7/2020 23:26

Silver Chart:

[highly geared] 21/7/2020 18:13

Parity value for GPSS on the subs NAV is 15.94p , so the gap has closed but still at a slight discount. Hopefully it will now track the ongoing NAV changes closely. Gold and silver having broken out, possibly fireworks over the next 8 weeks with every possibility to see GPM over £1 and GPSS at 40p+

[phoebusav] 21/7/2020 16:02

Metals holding strong though. Consolidation after gap up in NA is to be expected and usually the way, but if metals continue to hold I expect miners will bounce after LSE close.

[noirua] 21/7/2020 15:48

The average rise of gold and silver shares in Canada and America is 3.2%. Down a bit from an enthusiastic start. Biggest riser is Fortuna at 8.5% in the silver sector and Pretivm and EMX at 3.6% in gold.

[highly geared] 21/7/2020 15:44

Cheers Steve, understood.

[steve73] 21/7/2020 15:28

The higher quote is based on the current number of GPM shares. The lower is based on all the GPSS converting (on payment of 46.14p each). I've detailed the maths in previous posts.

You cannot exercise immediately... only at specific dates - the one remaining being 30th Nov 2020.

[highly geared] 21/7/2020 15:16

I know this has been explained previously but why the separate quoted NPV’s for GPM and GPSS?

If I bought GPSS now and exercised immediately, my costs will be 46.14p + 14.5p?

[phoebusav] 21/7/2020 15:08

Silver Is Soaring Again, Citi Sees $2000 Gold Imminent

[steve73] 21/7/2020 14:50

They've mostly opened much higher on TSX... Good finish for us here I'd expect.

[phoebusav] 21/7/2020 14:25

US session in 5 minutes. Will be interesting to see if sector pushes on or consolidates a bit first.

[phoebusav] 21/7/2020 14:23

Agreed. I couldn't get a quote to buy GPM at 63.20p earlier. Had to use limit order and then could only get a tiny amount which took a while.

[phoebusav] 21/7/2020 14:22

Looking at the long term chart, with only 4% to go I'm certain gold will reach its all time high. Considering the huge decade-long consolidation and the fundamental backdrop, it may just push right through like a knife through butter and keep on going in a way that takes everyone's breath away. Would certainly fit the economic collapse, system reset narrative perfectly.

[spideyyy] 21/7/2020 14:18

Hi difficult to buy GPM ..could that be the reason GPSS not rating up to fair value ?