Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Golden Prospect Precious Metals Limited | GPM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.50 | 1.30% | 39.00 | 09:11:14 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 38.50 | 38.50 | 39.00 | 38.50 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 19/11/2024 00:44 by papillon free stock charts from uk.advfn.comHere's my GPM candlestick log chart again showing that longer term uptrend. If the GOLD price continues to exhibit strength during 2025 then it's possible we'll see a £1+ GPM share price within the next 12 months, probably around late summer time. Again I must emphasise that trends don't last forever though this one has been going for a long time which is in its favour. Obviously the future GPM share price depends on the GOLD price, how junior GOLD miners are viewed by the market and the stock picking skills of the GPM managers. |
Posted at 09/11/2024 13:56 by papillon Look at the GOLD price log chart since 1999 and then look at the GPM log chart since GPM floated in 2006, michaelsadfvn. GOLD has been a wonderful long term hold rising more than 10 fold in value since the start of the 21st century. GPM meanwhile has been an awful long term hold since it floated at a £1 in 2006. It's a geared play on the GOLD price because it invests in junior GOLD miners. The share prices of GOLD miners can rise rapidly on an increase in the GOLD price, but conversely the share prices of junior GOLD miners can plunge even more rapidly on a decrease in the GOLD price. Add in the the variation of the discount of the GPM share price to it's NAV and whether the junior GOLD miners are in favour, or out of favour, with investors and it's easy to see that GPM is a share to treat with caution and not one to hold for the long term. I believe everybody who posts on this bb now accepts that, michaelsadfvn, so you are warning the already converted! 🤣My 10 year GPM log chart shows an uptrend that points towards an share price of £1+ by the end of 2025. That uptrend will obviously depend on the GOLD price. Trends don't last forever so I'll be watching the GOLD price like a hawk for any signs of bearishness, or increased bullishness. That will decide whether I sell my GPM shares, or continue to hold for further gains. Pragmatism is the name of the game! |
Posted at 08/11/2024 13:32 by papillon GPM is just a geared play on the GOLD price, kickingking, though the GPM share price invariably lags any rise in the GOLD price.Both the GOLD price and the GPM share price peaked in August 2020 so your first GPM purchase was unfortunate as it was very badly timed. In August 2020 the GPM share price went to a small premium to it's NAV. As ACT has previously posted that is a warning sign. Your 2nd purchase in October was again badly timed because the GOLD price was in decline. The "warrants" you purchased were in fact listed subscription shares (GPSS was the epic code). You must have bought them when they were almost worthless as they expired worthless near the end of November 2020. What you do with your investments is entirely your affair. I base my investment decisions on my charts. I only have one share and that share is GPM. |
Posted at 29/10/2024 23:25 by papillon free stock charts from uk.advfn.comYou'll like this GPM candlestick log chart, different world. The parallel trend lines show an uptrend that started at the start of 2024. I've also shown a more recent uptrend within that uptrend that started in July. The GPM share price has recently broken out of that more recent uptrend and is now continuing upwards on that uptrend that started at the start of 2024. This chart shows the beauty of a log chart because these uptrends wouldn't show on a linear chart. This chart highlights the power of mathematics. I'm tired tonight, but tomorrow night I'll try and find a suitable share overlay that will extrapolate the vertical axis upwards thus enabling me to give a possible future GPM target price and when it's likely to be achieved. I'll also incorporate this chart into the GPM log chart showing a much longer term uptrend that I've posted before where I target around £1.25 by the end of 2025. PS I've had to edit this post because I kept writing Gold instead of GPM. Tiredness! |
Posted at 19/10/2024 13:35 by different world Hi again Pap. Just off the phone to my maths chum.What he says he's done is to take into account investor sentiment, with the usual lag in GPM, but also the lag in the reaction of gold miners to the long-term gold price increase. In his view it becomes an exponential thing the higher the gold price. He said he'd got the first bit right (hardly surprising, we were almost at 40p when gold was just under $2700 !), so he's of the definite opinion that the higher gold goes the bigger percentage increase in $50 increments will filter through to GPM. He pointed to 3 "lags" - that GPM is now way undervalued compared to the gold price and compared to previous performance when gold was less than $2,000, the "lag" of miners viz a viz the gold price, and the fact that investors haven't yet cottoned on to gold and silver miners in the numbers they usually do. I suppose he has a point there, basing it on much increased demand and heavier buying in GPM than we've already seen. As tim000 points out above too there should be increased interest ahead of the subscription shares being available. He did say his calculations were entirely based on the gold price reaching the $3,000 level and does admit he isn't a "market man", but a purely mathematical one, and likes to calculate the odds, so to speak. He likes to study human psychology also and says it's a natural reaction for people to have a fear of missing the boat and this will lead to extra buying interest in GPM as the gold price moves on up. Will be interesting to see if any of the scenarios do come to pass. |
Posted at 18/10/2024 23:53 by papillon Re your post 4885, different world:"If he's in any way correct, it would mean that we need another $300 on the gold price, around 12% for a 150% gain in the GPM price. That's about a 12.5:1 gearing. I'd say that was a bit on the high side." I agree with you. I think your friend is being over optimistic. Looking back through the GPM & GOLD price charts the steepest rise in the GPM share price and the highest gearing effect compared to the rise in the price of GOLD occured in the 4-5 months between the latter half of 2010 and the start of 2011. Back then the GPM share price doubled (rising from circa 60p to 120p). During that same time the GOLD price rose by around 20%. So the GPM share price rose by around 100% whilst the GOLD price rose by around 20%. That's a 5:1 Gearing factor. I'd be interested to know what assumptions your friend has made in arriving at his 12.5:1 gearing. PS looking at the latest GPM fact sheet (dated 30/8/2024) I noticed that GPM only had a 13% exposure to Silver miners. I remember a time when that exposure was over 25% and Gold miners only accounted for 68%. PPS having said that Gold & Silver often occur together so a Gold miner can also mine Silver as well and vice versa (FRES is an example of the latter). |
Posted at 17/10/2024 20:59 by different world Pap - I spoke to a friend of mine this evening who is a mathematics professor.He's known about GPM for a while and I asked him recently if he could come up with some sort of correlation of the gold price to their price, given their well known gearing effect, both up and down. He's come up with this, as he says "crude working out", but would be interested to know what you think, and whether any of it in any way matches up with what your charts are saying. First figure is gold price, second is projected GPM price. 2700/42p 2750/48p 2800/55p 2850/65p 2900/75p 2950/85p 3000/£1 Note, as the gold price rises the percentage projected increase in the GPM price is bigger in percentage terms, he's used his own "gearing" figures for this. If he's in any way correct, it would mean that we need another $300 on the gold price, around 12% for a 150% gain in the GPM price. That's about a 12.5:1 gearing. I'd say that was a bit on the high side. What's your view on that Pap? I do remember the last time GPM caught fire and we passed the £1 mark, the last bit of the rise was almost parabolic, and there is more ground to be made up this time I feel as GPM have lagged for a long time viz a viz the gold price. You have to, of course, take into account, the dismal performance of gold stocks for far longer than made sense, as the gold price has been rising for a very long time. |
Posted at 08/10/2024 14:01 by papillon I posted a couple of long term charts on here a few weeks ago showing that whilst Gold has been an excellent long term hold for the past 25 years, the same definitely cannot be said of GPM since it listed in 2006! GPM is most definitely NOT a long term hold; it's a share to buy & sell, like the Gold & Silver miners it invests in.PS whilst the Gold price was only around $250 25 years ago, when GPM listed in 2006 the share price briefly traded at around £1 before plummeting before quickly rebounding to around £1 again. It seems every movement in the Gold price, up, or down, is magnified in the movement of the GPM sp! Unfortunately every down movement in the Gold price appears to have a much bigger and longer lasting effect on the GPM share price An effect no doubt exacerbated by the up and down movements in the GPM sp's discount to it's NAV! The GPM sp's discount to NAV can range from over 25% to a slight premium when the "herd" arrives following a big rise in the Gold price. ACT was correct when he posted a few weeks ago that the "ideal" time to sell GPM was when the discount to NAV disappeared. That's what happened back in 2020 when the GPM share price hit 70p. |
Posted at 08/10/2024 11:42 by papillon Could be a good time to top up in GPM, different world as Gold price is holding up well today. Silver price still a bit weak, but GPM hasn't much exposure to Silver miners compared to a year, or so, ago.I posted a GPM chart last night showing the very recent weakness of the GPM share price as highlighted by Heiken-Ashi candlesticks. I posted the equivalent chart for the Gold price earlier yesterday. Be interesting to see what the Heiken-Ashi candlesticks are possibly predicting for the Gold price and GPM currently. It might help you to decide whether the time is ripe to top up in GPM. PS regarding the selling of GPM today, PI's, when nervous, often sell those shares they are showing a profit on rather than those that are loss making as they don't want to take a loss. That can be irrational, but most PI's are, unfortunately. |
Posted at 27/9/2024 12:23 by papillon Unfortunately, Toffeeman, GPM is not a long term hold. It's a traders share. It first listed around 18 years ago and if you look at the GPM chart since it listed you will see that the GPM share price is subject to extreme volatility (I recommend the log chart).Though, obviously, the GPM share price depends on the Gold price and investors perception of the future Gold price the performance of Gold mining shares (as a sector) can be very fickle. The sector can fall out of favour with investors. That is currently the case, but is likely to change as the Gold price heads towards $3000. I've posted numerous charts, both short term and long term, of Gold, Silver and GPM. Whereas my long Gold price chart went Strongly Bullish at the start of 2023 my GPM long term chart didn't turn Strongly Bullish until the start of April of this year. I'll post a few charts over the weekend if you are interested. PS not only is the GPM share price dependant on the sp's of the miners it invests in, the discount to it's NAV is another variable factor it depends on. When the precious metal mining sector is out of favour the discount is large, but it narrows appreciably when the sector is back in fashion. I believe, based on my charts, that the GPM share price is headed towards £1+, but I'm not qualified to give investment advice so what you do is up to you. However if I had been you I would have averaged down earlier this year when the GPM share price was under 30p. PPS I wouldn't be surprised if some of those selling recently have been those who bought, like you, at a higher price and are selling to cut their losses, or when they break even, despite the Bullish Gold, Silver & GPM charts. Investors need to study the charts (both short term and long term) before investing in (and selling) GPM. IMO it's still worth averaging down by buying GPM now, but that's your decision to make, not mine. PPS are you an Everton fan? |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
