Golden Prospect Precious... Share Discussion Threads

[highly geared] 04/8/2020 16:03

Gold having a go at $2000 , silver back up. Looks like the next up leg is starting so expect GPM and GPSS to react positively.

[noirua] 04/8/2020 08:36

Status Report of U.S. Government Gold Reserve
30 June 2020


Jim Rickards & Peter Schiff Forecast: $15,000 Gold is Coming?
30 July 2020


Schiff added that at the current levels of the Dow Jones, the price of gold will have to equal $26,000 an ounce to achieve a 1:1 Dow/gold ratio.

[steve73] 30/7/2020 14:59

Well done noirua... I was quoted for those.. but too slow.. had to pay 18.175 just after..

[noirua] 30/7/2020 14:55

Managed to top up further at 16.90p.

[32campomar] 30/7/2020 14:36

Huge discrepancy with the main shares, it will correct itself just one of those things that happens from time to time, a few buys will send it back up sharply

[phoebusav] 30/7/2020 11:36

Seems sensible. Gold only 1% off ATH and GPSS dropped 30% FFS.

[toffeeman] 30/7/2020 10:34

Small top up for me too

[noirua] 30/7/2020 09:42

Decided to buy 20,000 more at 19.89p.

[32campomar] 30/7/2020 09:03

Big discrepancy here, With GPM currently above 70p.

[phoebusav] 29/7/2020 15:41

GPSS also have 4 months of time value left in them so should be trading at a premium, probably 2-3p. Given the market set up and the gearing, the extra 4 months of time value could be very valuable indeed.

[noirua] 29/7/2020 15:07

Hi kemmitch, my apologies if you thought I doubted your diluted NAV figure. My thoughts were with its relevance at this stage, four months before 30 November. The GPSS figure is following the price of GPM, I think. Mixed in is the speculative and geared factors that make GPSS a play. So I will continue to see the price for GPSS as a straight forward 46.14p deduction from the price of GPM, whether some choose the bid, middle, or offer price. At the same time conceding you are correct on the diluted figure as of 1 December 2020 - speculation and gearing of course are over at that point.

[steve73] 29/7/2020 15:05

So NAV was down more than a penny, and most of our TSX stock have opened down as well, which will depress NAV further tomorrow unless it corrects.

Gold had a little ($20) flurry upward as US markets opened, but it didn't last long, and silver has followed it back down.

I think we'll probably give up this mornings gains now.. ready to add!!!

edited.... with the GBP getting stronger against the $, this will tend to depress our price, all else being equal...

[kenmitch] 29/7/2020 14:26

Toffeeman

I have got it right as you say and have posted (as has Steve73)the reasons why. I’ve invested in warrants and subs since the 1980s and so have experience of many examples of what happens to NAV when the subs are exercised. Anyone in doubt can always confirm with GPM.

Perhaps Noirua would like to explain why he/she thinks otherwise.

[steve73] 29/7/2020 09:45

I'm guessing the NAV will be down a little in today's report, as our TSX contributors were down yesterday.

Today's ASX were flat, and with metals making a slight recovery, then I'd not expect either the M's or the SS to do much today.

As I see it, GPM will be at small premium to the diluted NAV (expected), and the SS are still at a very small discount to the NAV, so combined with the gearing the SS look much more attractive...

[noirua] 29/7/2020 09:36

Last Trade GPM = 72p. Last buy GPSS = 22.25p. Difference = 49.75p - 46.14p = 3.61p

[davebowler] 29/7/2020 09:12

Net asset value as at 27.07.2020 of Golden Prospect Precious Metals Ltd
(TIDM: GPM):
NAV-bid: 76.80 GBP

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Net asset value as at 27.07.2020 of Golden Prospect Precious Metals Ltd
subscription shares of no par value
(TIDM: GPMs):
NAV-bid: 66.59 GBP