Golden Prospect Precious... Investors - GPM

Golden Prospect Precious... Investors - GPM

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Golden Prospect Precious Metals Limited GPM London Ordinary Share GG00B1G9T992 ORD SHS 0.1P
  Price Change Price Change % Stock Price Last Trade
-2.10 -3.85% 52.50 16:08:57
Open Price Low Price High Price Close Price Previous Close
54.60 52.50 55.00 52.50 54.60
more quote information »
Industry Sector

Top Investor Posts

noirua: The European Central Banks days are numbered in the view of billionaire Max Kaiser an investor in Bitcoin and gold. Of all the government banks they are affected most by cryptocurrencies. They are sticking firmly to the supply of euro notes and coins. Https://
ultrasharp: I'd never heard of "Ripple" until you mentioned it Daler1966. Yes it has crashed. From circa 0.9 a month ago to currently just over 0.2. Currently down over 9%. That's only a tiddler at a current Mkt Cap of just over US$10bn, whereas Bitcoin was just over US$500bn yesterday. Lower today as it's down over 3%. There appear to be scores and scores of these damn cryptocurrencies. Makes me glad I'm invested in GPM as the gold price appears to be rock solid stable compared to these cryptocurrencies. Almost pedestrian in it's performance by comparison. At least you can hold gold in your hand. If not an ingot at least a gold watch, ring, or other gold jewelry. From my understanding a cryptocurrency is just some computer code. The current price of Bitcoin seems to be madness. PS. Most PI's lost money, including me, in the dot com bubble of circa 20 years ago. Institutional investors did as well. Only the very astute sold at the right time, which was, at the time, apparently too early, but with the benefit of hindsight was the smart thing to do.
12string: My view of the share price action around 30/11 ... Gold miners were selling off during November. Less so GPM NAV. Other than GPM, I have shares in Shanta gold. They bottomed around 30/11 too. The facts don't support manipulation around GPSS. GPM shares were falling and holders became fearful of further falls, so causing more selling. As for the Trustee selling too quickly, as a holder of GPM I support that as it generated cash for the Trust to invest while prices are low. People who decided to allow their GPSS shares to lapse should not expect much - they decided not to take the risk and, if you like, showed a lack of loyalty to the Trust. People who held on (like me) are investors and if there are gains to be made, they are the ones who should benefit. So for all those who decided to allow their GPSS to lapse - that was your decision, so stop moaning!
noirua: Noirua - 02 Dec 2020 - 09:09:38 - 206 of 209 NCIM - Golden Prospects P M - GPPM - GPM Subscription Rights in shortened form: Following this exercise, 10,336,782 Subscription Shares Rights remain unexercised. In accordance with the terms and conditions on which the Subscription Shares were issued, the Company has appointed a trustee (the "Subscription Trustee"). It is intended that the full number of Ordinary Shares that would arise from the exercise of the outstanding Subscription Share Rights (the "Rump") will be sold by finnCap by way of a secondary market placing executed at the maximum available, single clearing price. However, the Subscription Trustee reserves its absolute discretion to execute bargains in such sizes and prices as it deems appropriate to the interests of the outstanding Subscription Shareholders. Qualified investors (as defined in section 86(7) of the Financial Services and Markets Act 2000 (as amended)) considering participation in the secondary market placing are advised to contact finnCap as soon as practicable. Orders for the placing should state the number of shares to be purchased and the maximum purchase price (or confirm that the investor is willing to trade "at strike"). Investors placing orders should note that if the full extent of the Rump is not covered, then a bargain is expected to be executed at the maximum available, single clearing price for the actual size of the book. The decision to sell Ordinary Shares to any qualified investor shall be at the absolute discretion of finnCap (after consultation with the Company's investment manager). The Subscription Trustee will distribute the proceeds of any sale (less any related subscription costs and other costs and expenses) pro rata to the persons entitled thereto, provided that entitlements of under GBP5.00 shall be retained for the benefit of the Company. Full transcript: Https://
noirua: Please note that ii Investors and HL will not allow any transactions ONLINE in shares of GPSS after close of business on AIM today. Bid diluted NAV = 57.11p. Bid price GPM 47.0p. 57.11p - 47.0p = 10.11p or discount at 17.7%.
kenmitch: arbus500. There is just the one trustee and not separate ones for every broker. It looks irrelevant now anyway as subs very likely to expire worthless. That’s a big disappointment not only for investors but for GPM who a few weeks ago must have been almost certain they would have £millions of new money to invest from the subs being exercised.
davidosh: Just to let you all know that Robert Crayfourd and Keith Watson will be presenting for the Golden Prospect fund at our MelloTuesday 'Investing in Gold' webinar next week. Golden Prospect will be one of four companies taking part and the presentation plus Q&A will be 30 minutes. The event runs from 6pm to 9.30pm and there are some highly respected fund managers, investors and analysts taking part in panel sessions and providing presentations. We will look at Gold as an asset and how to invest in it covering everything from buying gold coins and bars through to stakes in gold producers paying regular dividends. We will also cover ETFs, gold indexes, gold exploration & mining companies and investment funds and feature a number of presentations Https:// If you would like to attend then use this code for a discounted ticket MTGOLD and the price will be reduced by 66%. All our Mello annual pass holders are able to attend as a bonus event and we expect to have over 400 on this webinar but if you have questions then the presenters always agree to provide answers the next day on our website if they remained unanswered on the evening.
noirua: ii Investors are now allowing purchases of GPM again. Gold and silver shares were well up, down under overnight. As were gold and silver shares last evening across the pond with just very few exceptions.
papillon: It's not odd, 32campomar. People often turn their paper profits it cash for any number of reasons. Also investors could perceive that the rise in gold & silver mining shares has outstripped the rise in the metals as regards value. They might also have fears about a pull back in the gold & silver prices after such steep rises. Nothing goes up in a straight line and canny investors know that. Shares and commodities often become overbought (and conversely oversold).
phoebusav: Given that GPM has basically flat-lined since gold passed the old high of $1921, it is quite understandable that many of us have been looking for GPM specific reasons as to why it has underperformed so badly. However, looking at the charts again this evening I realise we appear to have completely missed the point. GPM might have gone nowhere, but how has the rest of the sector performed since gold broke $1921? On Friday 24 July, the trading day immediately prior to the break of $1921, both GDX and GDXJ had a spurious pull back so lets look at the change from the Thursday close. GPM is unchanged at 69p, whilst GDGB (GDX's GBP listing) is up 1.1% from 34.88p to 35.27p and GJGB (GDXJ's GBP listing) is up 1.8% from 39.5p to 40.22p. Note that GPM's spread is 2.9% so the difference in performance is about half of the GPM spread. In other words GPM has not underperformed the rest of the PM sector at all since the break of $1921, it is the whole PM sector that has underperformed gold and silver. How could this be? PM sector investors have been eyeing the $1921 level as a target for nearly a decade and many will have had it in mind to sell or de-risk at this level, either to take profits or fearful of a sudden drop in metals prices to defend the all time high. The shake out in miners on the trading day immediately prior to the breach of $1921 underscores this. The speed with which gold moved the last $120 will have only exacerbated this tendency as some investors will have felt rightly or wrongly that the metals and thereby miners were overstretched. Over the last week and a half the mining stocks have basically been consolidating since gold hit the hugely significant $1921 price level whilst the metals have continued to vault higher. Given the significance of the price level and the speed it was reached the consolidation is understandable, however this imbalance cannot last. An increase in gold from $1921 to $2060 probably translates to around a 20% increase in cashflow for gold miners, so once the current consolidation in miners is over I expect a price breakout and the sector should surge rapidly to close the gap with silver miners up much more and GPM outperforming slightly too.
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