ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

GPM Golden Prospect Precious Metals Limited

31.00
0.25 (0.81%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Golden Prospect Precious... Investors - GPM

Golden Prospect Precious... Investors - GPM

Share Name Share Symbol Market Stock Type
Golden Prospect Precious Metals Limited GPM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.25 0.81% 31.00 08:07:36
Open Price Low Price High Price Close Price Previous Close
30.75 30.75 31.00 31.00 30.75
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Top Investor Posts

Top Posts
Posted at 24/3/2024 10:26 by papillon
Take notice of what people do, not what they say! During the last 25 years Gold has advanced from circa $250 to the current circa $2150. What's wrong with that? It went from circa $250 to peak at circa $1800 10 years later, before falling back to circa $1000. It then rose back up to circa $2000 in the summer of 2020, a doubling in around 4 years! It's been going sideways since then, between circa $1625 and circa $2100, in a consolidation pattern, but has recently broken out to the upside. The Gold price is likely to drop back down to confirm that breakout.
There's nothing wrong with Gold's performance over the last 25 years. The trouble is with the Gold miners! As a sector Gold miners are completely out of favour with investors. Will that change? I've no idea, but I'm hopeful.
I go by my charts and my longer term Gold price chart turned Strongly Bullish at the start of 2023 and it's stayed Strongly Bullish ever since.
Like I say I go by what people do and not what they say! What people do is reflected in my long term charts. Currently my long term Gold price chart is Strongly Bullish, but my long term GPM chart is still Bearish!
I ignore what the so called experts say and JRB's convoluted charts and believe my charts instead.
PS I've posted my Strongly Bullish Gold price chart and my Bearish GPM chart many times over the last 15 months. I'm hoping that my GPM chart soon turns Bullish 🤞🤞.
Posted at 21/3/2024 11:17 by king_baller
Can someone summarise, in layman terms, what the GPM subscription shares are, who gets them, how many, when, and at what price? For potential new investors looking in here. As they’re going to be a huge bonus in the coming gold bull market.
Posted at 19/3/2024 13:14 by papillon
👍 arbus5000. I wonder why they don't trade in GPM? I remember last year that interactive investor suddenly stopped trading in GPM shares. I contacted the GPM fund managers and they sorted the problem. Evidently their "agent" hadn't passed on necessary information to interactive investor. Once that was rectified interactive investor started to trade in GPM shares again.
Posted at 18/3/2024 14:15 by valuehurts
Jordan is an idiot. He's consistently been wrong at major turns for many years. Junior gold miners are humbling and even the best investors will lose money on most of them. This is made up by huge gains on a few of them. Much better to use a fund like this.
Posted at 06/3/2024 14:37 by papillon
Yes, arbus5000, GPM shares are "stupid cheap" because Gold miners, especially junior Gold miners, are "stupid cheap".
I suspect that many investors bought Gold mining shares and GPM back in 2020 when the sector was "hot" and are just selling into any rise. When they depart the scene the sector and GPM will take off again
Posted at 05/3/2024 17:04 by papillon
"and still people sell lol"
Yes, 1hercule, but one must remember that some GPM holders actually bought the subscription shares last December when GPM was far cheaper to buy on the market. In fact the GPM managers had to cancel the issue of those subscription shares and return the money to the foolish people who bought them. Unfortunately many investors don't use their little grey cells!
Posted at 04/3/2024 11:34 by papillon
No, rougepierre. They have under performed recently just like GPM. It's solely because the Gold miners that GPM, GDX & GDXJ invest in have under performed. Why? Because Gold miners, as a sector, are completely out of favour with investors. Hopefully that will change. As a link I posted a few days ago stated, "Gold miners are currently stupid cheap"
The reason that GDX & GDXJ have performed better than GPM recently is mainly because they don't trade at a whacking great discount to their NAV. Why? Because they are ETF's.
Posted at 05/2/2024 12:50 by papillon
The EMA's on my longer term Gold price chart turned strongly bullish at the start of 2023 so I started buying GPM shares even though the EMA's of my longer term GPM chart remained strongly bearish. With the benefit of hindsight that was a mistake. My longer term GPM chart has remained strongly bearish. Why? Because junior Gold miners are out of favour with investors and have been for sometime. I should have waited for the GPM chart to show signs of bullishness before buying. That will only happen when the Gold price finally takes off and breaks out above $2100 and starts heading for $3000. When that happens junior Gold miners will again attract the interest of investors as a geared play on the Gold price and the "herd" will start buying them again.
Posted at 01/12/2023 10:36 by different world
I think investors are missing the story here.

1. Equity markets, particularly the Dow/S&P are now overvalued. Both indices are well up this year, and this ahead of a certain recession next year. People seem to be chasing up the market in the US, and likewise at the moment in the UK, for no sane reason. When it finally cracks, a "santa rally" notwithstanding, there will be a torrent of cash looking for a home.

Some of that will go into gold and silver.

2. Three wars currently raging around the world, Israel/Gaza, Ukraine, Yemen - are all in the end inflationary. Reconstruction, particularly in Gaza and the Ukraine will have to be paid for. More borrowings, more money printing, more eventual inflation. And a recession to boot. Investors will then run scared and want a home for their money.

Some of that will go into gold and silver.

3. Central banks continue to buy and keep gold. China bought over 100 tons last month alone - we are coming into another buying season in Asia also. There is a recession on the way, and those same central banks who have been buying gold in large quantities for the past 18 months or so and continue to do so, will eventually be forced to slash rates to stave off the same recession they are causing now. When rates start falling, probably within the next four months or so investors will start looking for homes for their excess money.

Some of that will go into gold and silver.

4. As far as GPM is concerned, we are offered currently at around 28.5p. Our NAV is around 35p, we have a gearing of around 17-20% and our portfolio is just starting to come off rock bottom as far as valuations are concerned.

The words "coiled spring" come to mind here.
Posted at 06/11/2023 14:15 by papillon
You're just stating the obvious, FABIUS1. Junior miners are always high risk hence the attraction of GPM & GDXJ because the risk is spread across many companies.
Junior gold miners will only become attractive to investors again when the gold price makes new high and investors believe that the gold price will continue to rise.
You could be lucky and the GPM share price could drop back to below 20p. Will it? Who knows? It depends on the gold & silver price and investors attitude towards GPM. Things we have no control over.
I'm hopeful that the gold price will breakout of the bullish ascending triangles that my charts indicate. I'm hopeful that the breakout will happen before the end of 2023, but if not before the end of 2024. 🤞 as always.

Your Recent History

Delayed Upgrade Clock