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| 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 |
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Posted at 21/11/2024 11:42 by papillon It definitely would be nice to see it, different world. 🤣. However the charts and mathematics are only reflecting investors sentiment due to the political and economic woes facing the world. I don't see those investor fears disappearing anytime soon! Whether I'll still be around by the end of the decade to see those chart based forecasts achieved, different world, is open to question!Meanwhile the longer term uptrend on my GPM log chart indicates a GPM share price of £1+ sometime in summer/late 2025. |
Posted at 18/11/2024 03:00 by davidosh There are a couple of presentations on gold at this event.To celebrate our 10 Year Anniversary, we have created a two-day investor conference that will include top quality keynote speakers including but not limited to Peter Pereira Gray, Paul Hill, Ben Rogoff, Rosemary Banyard and Gervais Williams. Also featuring panel sessions such as our popular Mello BASH (Buy, Avoid, Sell, Hold) with professional investors and analysts such as Leon Boros, Mark Simpson and Paul Scott. There will be over 40 exhibiting companies and over 60 presentations from companies such as The Property Franchise Group, Time Finance, Brave Bison, Mortgage Advice Bureau,Smiths News, Polar Capital and many more! Get 50% off your ticket with code MMTADVFN50. Tickets are still available: |
Posted at 13/11/2024 14:56 by different world Pap - you are right there, but I would say the actual reason for the gold price drop is the fact that Trump is perceived as BTC friendly, and a lot of investors/speculatorI always see BTC as a quick short-term in and out trade whereas gold has the underlying features of solidity and "real money". It may be slower to react in a lot of respects but will always be the asset of choice at the end of the day. In the interview with Marc Faber I posted last night, he opined that the fall below $2700 would trigger more than enough buying to send it back to the previous levels and there is a large possibility that a lot of the quick profits currently being made on BTC will then filter back into gold. He has also said previously that gold miners, especially the juniors (our primary interests) are "spectacularly cheap" and "haven't even been noticed yet by the majority of investors". So, on that view $2610 gold and 40p GPM look like bargains. |
Posted at 10/11/2024 16:07 by craigso @papillonThe RNS doesn't answer the question very clearly, therefore my query. We've got a "you will be allocated a Subscription Right entitlement in CREST by reference to your shareholding as at close of business on 11 November 2024." But then a "If you buy Ordinary Shares after this date, please contact Computershare Investor Services PLC". So clearly that's only the hassle-free date for most online investors, not the actual deadline. We then have a "The USE instruction should be inputted to settle by 1.00 pm on 28 November 2024." In order to own shares on 28 November you need to have bought them on 27 November at the latest, but it realistically might need to be the 26th. Then there's a "Record Date" of 2 December, which again since it takes a day to clear would suggest 29 November. Maybe I've missed it, but there's no reference to "you must be a shareholder on X date to participate in the subscription". |
Posted at 25/10/2024 10:31 by hazl This is from your own GPM PDF if anybody is interested.Very succinct. I am in GGP which I believe GPM holds. I might be interested here if things become tempting. Was in them years ago and had good memories of that! Kepler Trust Intelligence observations on gold market and investments. 'We think gold can have an important role to play in a portfolio as a hedge against geopolitical risks. These are currently high and show no signs of abating: the ongoing war in Ukraine and tensions between the US and China have created a tense atmosphere in which having a tail risk hedge seems wise. We also think there is a multi-year de-dollarisation process underway which is likely to lead to gold being more important for many sovereigns, central banks, and institutional investors. It may not be that the dollar’s days as the world’s reserve currency are numbered, but at the least it is clear that central banks are deemphasising their dollar assets, while China in particular, the US’ largest creditor, is keen to lessen its exposure and increase its financial independence. In the short term, the signs also look good: US interest rate cuts should be good for gold as they reduce the opportunity cost of holding the non-yielding asset (which typically takes the place of cash or cash-like investments). Investors could buy gold itself. However, gold is at all-time highs, so we think there has to be a risk that investors have positioned themselves for falling rates and therefore in the short term the market might pull back when the cuts finally come. Miners, on the other hand, remain exceptionally cheap versus their own history and their typical trading range versus gold. They therefore offer a form of insurance that looks cheap just as it is likely to be needed. As a measure of Rob and Keith’s own conviction in gold miners, we note they are substantially overweight the sector in their diversified commodity fund, CQS Natural Resources Growth & Inc |
Posted at 18/10/2024 15:58 by papillon Another way of looking at it, tim000, is a GPM investor tripled their stake money whilst a Gold investor only increased their stake money by half. I make that a 6:1 gearing factor for the GPM investor over the Gold investor over that period of 2020. It all depends on the way you look at it |
Posted at 18/10/2024 15:40 by papillon No, tim000. 3:1 divided by 50% gives 6:1.Another way of looking at it is a GPM investor tripled their stake money whilst a Gold investor only increased their stake money by half. I make that a 6:1 gearing factor for the GPM investor over the Gold investor over that period of 2020. It all depends on the way you look at it |
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? |
Posted at 02/9/2024 06:55 by arbus5000 for those of us who like to read slowly, here's he aticle. (in firefox, you press F9 after the page loads but before the blocking)-------------------- We Brits are well known for our obsession with home ownership. Perhaps with good reason. Property prices have almost doubled in 20 years, offering emotional and financial security. But the price of gold has shown bricks and mortar a clean pair of heels, soaring by 525 per cent since 2004. At a record-breaking $2,506 (£1,904) an ounce, gold is having a moment and there are good grounds to believe the price will continue to hold firm. Central banks are buying gold, emerging market consumers are enthusiastic and US interest rates are falling, which spurs investor appetite for bullion. Gold mining stocks are beginning to respond to this environment but have been moving far more slowly than the metal itself. This presents a real opportunity for the discerning investor. Wheaton Precious Metals Wheaton Precious Metals is a blue blood of the industry. Based in Vancouver, Canada, the company lends cash to miners to fund their exploration and development. In return, chief executive Randy Smallwood gains access to cut-price gold and silver, as firms come into production. The strategy has delivered consistent results. Founded with one venture in 2004, Wheaton's portfolio today spans 18 operating mines and a further 27 in development. Worth its weight: Mining stocks could put a shine on your portfolio as US interest rates fall The group's shares have risen more than 20-fold since floating in 2004 and Wheaton is now valued at more than £21billion. With just 42 employees, each hard-working member of staff is responsible for an average of £500million of value. Wheaton does not just lend money. Instead, Smallwood and his crew are involved in mining ventures from the beginning, viewed as partners rather than lenders and prized as much for their technical expertise and support as their cash. Projects vary in size and scale, from a small development site in County Tyrone, Northern Ireland to multi-billion-dollar operations dotted across Latin America. In each case, however, Wheaton is able to purchase gold from its partners at extremely advantageous rates, generally around 20 per cent of the prevailing price. As half-year results highlighted, Smallwood is securing gold for $436 an ounce on average and selling it for almost $2,000 more. As a result, Wheaton's cash pile is soaring and the group recently declared it was moving to a progressive dividend policy, which should mean generous payouts to shareholders. Brokers forecast profits of almost $700million this year and a dividend of 62 cents (47p). Smallwood expects to increase production from 550,000 ounces to 800,000 ounces by 2028, rising still further in the following five years. That suggests continued strong profits, particularly given the low-cost deals that Wheaton signs with mining partners. MIDAS VERDICT: At £47.95 apiece, Wheaton shares are certainly not cheap but with a wide-ranging portfolio, skilled management and a top-tier track record, the firm provides exposure to precious metals, with a dividend kicker thrown in for good measure. That gives the stock real allure, especially for gold bulls. Traded on: Main market Ticker: WPM Contact: wheatonpm.com or 001 604 639 9884 Goldstone Resources Ghana is one of Africa's most gold-friendly countries, with a rich history of mining and an understanding of the rewards that miners can bring. Goldstone Resources is based in Ghana, in an area renowned for its gold. Yet Goldstone has been through the mill, hit by a series of mishaps leaving the business fighting for its life more than once. The shares have tumbled from 14p in 2021 to little more than a penny today as chief executive Emma Priestley has navigated the group through funding crises, Covid-19, poor engineering works and a takeover approach thwarted at the last minute after months of preparation. Such a barrage of bad luck might have knocked back a lesser mortal. But Priestley has held her nerve, negotiated with investors and creditors and kept workers on board and motivated. Now, the future looks bright and the shares should respond. Goldstone has one mine, Homase, in operation, producing 300 ounces of gold a month. Priestley is confident she can more than triple this to 1,000 ounces by spring, increasing workers' shifts and ensuring that ore is processed efficiently. Expanding production at a time of high gold prices will allow Priestley to put Goldstone on a stable financial footing, so she can drive production higher at Homase, while developing a second site a few miles down the road. MIDAS VERDICT: Priestley's ambitions for Goldstone are far-reaching but, with decades of experience in mining and in Africa, she has demonstrated that she can overcome even the toughest of obstacles. The shares are not for widows and orphans but, at 1.3p, they could prove an exciting investment. Traded on: Aim Ticker: GRL Contact: goldstoneresources.c Serabi Gold Brazil-based Serabi Gold has also battled with the odds in recent times. Rescued by mining expert Mike Hodgson in 2013, the company was making steady progress before a combination of Covid and supply constraints took their toll. Production fell, investors ran scared and, when Midas tipped the shares in 2022, they had tumbled from £1.05 to 39p. Today, the stock is 69p and should continue to gain ground. Serabi has two mines in northern Brazil, expected to deliver around 39,000 ounces of gold this year, rising to almost 60,000 ounces by 2026. Serabi has money in the bank, its cash position should be even stronger next year and some followers are talking about dividend payments, a rarity among small mining stocks. Even if no payment is forthcoming, Hodgson can put his capital to good use, exploring sites to drive up resources and thus raise production in future. Half year results, released last week, showed real promise and brokers expect annual profits to soar from $9.4million last year to $34million by 2025. MIDAS VERDICT: Serabi shares have had a good run and investors may want to bank some gains. But, at 69p, the stock should have further to go, especially with gold at current levels. Traded on: Aim Ticker: SRB Contact: Serabigold.com or 020 7246 6830 Golden Prospect Precious Metals American writer Mark Twain allegedly said: 'A mine is a hole in the ground with a liar standing on top of it.' As managers of Golden Prospect Precious Metals, Keith Watson and Robert Crayfourd attempt to distinguish the liars from the good guys so they can provide investors with sustained growth from a group of carefully selected gold and precious metals firms. The duo scour the globe for companies that are growing fast, well-led and able to power on through even if external conditions turn sour. Golden Prospect owns stakes in more than 40 companies but most of its capital is focused on ten businesses. Mainly listed in Australia and Canada, these firms have delivered the goods in recent years, led by Australian Emerald Resources, whose shares have soared ten-fold since 2020. The collective performance is testament to Watson and Crayfourd's dedication. Both look at hundreds of businesses a year, using their backgrounds in mining and finance to sort winners from rogues. MIDAS VERDICT: Golden Prospect invests in a wide selection of businesses, many of which would be hard to access for individual investors. Long term performance has been robust yet the shares are undervalued, trading at just 35.3p even though the firm's assets were valued at 45.5p only last week. That discount should narrow as Watson and Crayfourd's portfolio continues to deliver, making Golden Prospect an attractive buy. Traded on: Main market Ticker: GPM Contact: ncim.co.uk/golden-pr |
Posted at 02/7/2024 20:57 by papillon "Trump 2.0 could drive global investors to gold, both silver and gold prices will benefit from trade wars – Heraeus""(Kitco News) – The prospect of a Trump victory in November could push investors around the world into the yellow metal, while both gold and silver prices stand to benefit from tariffs and trade disputes, according to precious metals analysts at Heraeus. In their latest precious metals report, Heraeus suggested that the economic policies of a second Trump administration could drive global investors into gold. “The upcoming 5 November presidential election will set the United States on two fundamentally different paths, depending on the outcome,” the analysts wrote. “The more unpredictable former president and current Republican candidate, Donald Trump, may introduce several economic policies that could lead to significant market shocks, geopolitical risks and rising inflation. Trump currently maintains an edge over Biden in the polls – 46.9% vs. 45.0%.”" |
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