Golden Prospect Precious... Share Discussion Threads

[bitgold] 03/12/2024 16:50

The sizeable discount is some level of insurance anyway. As M24xp pointed out, with a NAV of 48p, any buys today were probably at around a 25% discount. Fortuna up 10% now

[wskill] 03/12/2024 16:19

Managed a couple of top ups today after that Nav RNS first at 36.16p last at 36.7p that will do me for now with the sub shares still to appear in my accounts.

All the best for Xmas and New Year Pap have a good one .Have a feeling that there is a fall due in the market so bought a few LQQS as well just in case ,but WTFDIK and I have a history of being wrong ,so am fully invested with gold and gold miners for extra insurance.

[different world] 03/12/2024 16:17

A happy Christmas and a healthy happy and successful new year to you Pap and thank you once again for the time and effort you put in with the charts and your comments.

Would like to see you here a few times more before the big day though !

[m24xp] 03/12/2024 16:04

Could really do with the result-of-subs RNS but if today's NAV RNS is accurate it suggests only about 20% of the subs have been taken up (and the shareprice is far too low).

[bitgold] 03/12/2024 16:01

I think the new NAV figure post-subs will be interesting. I see Mag, Calibre and Fortuna having a nice run-up at the moment, I hope that's not GPM too rapidly allocating all our new cash pile at once.

[m24xp] 03/12/2024 15:58

Well today's RNS states a fully diluted NAV of 48p. Unless that's a mistake it means we're currently at the highest discount to NAV this year by some margin..

[stevieweebie2] 03/12/2024 15:34

ps. Im not a chartist but I have one that shows 34.5 as a bottom. as I said, I have no prowess in this field but lets see.

[stevieweebie2] 03/12/2024 15:23

Gdxj is up 1.9% today. Really couldn't make it up.

[papillon] 03/12/2024 15:20

I wish you a Happy Christmas and a Happy New Year, stevieweebie2. Unfortunately a Bearish H&S pattern has appeared on the GPM chart. The GPM share price is probably heading lower. Linear chart indicates a possible target price of 30p, but I doubt it will fall that low. Let's hope the chart is wrong.

PS you are right, stevieweebie2. GPM is an irrational share, with irrational shareholders.

[papillon] 03/12/2024 15:15

Bearish H&S pattern has appeared on the GPM chart. The GPM share price is probably heading lower. Linear chart indicates a possible target price of 30p, but I doubt it will fall that low.

[stevieweebie2] 03/12/2024 15:03

May all your Christmas's be Golden Papillon.

[papillon] 03/12/2024 13:39

free stock charts from uk.advfn.com


The GOLD price appears to be going sideways hence the tightening Bollinger Bands. Barring some calamitous global event I presume this sideways motion will continue into the New Year. Tight BB's imply a future big percentage movement. Let's hope it's up rather than down for the GOLD price! 😂
My GOLD price target from that 13'year Cup & Handle is still over $3000 in 2025 and maybe over $4000 using a log chart. 🤞

[papillon] 03/12/2024 13:33

Perhaps they might start using that cash to buy their shares back, bitgold? That's what GCL have been doing. That would support the share price.

[bitgold] 03/12/2024 13:23

I think the RNS will come after they find out how many they can sell in this small closed period, Papillon, but let's see. I don't mind buying more at that price, especially since theoretically, the trust is now about 10-15% cash.

[papillon] 03/12/2024 13:22

Still GPM will probably be happy as they will have got their placing away as most shareholders will probably have taken up their subscription share offer. Maybe GPM won't get the full placing proceeds because it's possible the appointed trustee won't be able to sell the unsubscribed shares at above the subscription price.

[papillon] 03/12/2024 13:15

Since we've had no RNS similar to the one issued by GCL back in May, bitgold, I reckon it's just PI's selling. After all the GOLD price is just going sideways and junior Gold miners are still not considered an attractive buy (though GDXJ is up slightly @ 0.49%).
I think we can all go back to sleep. My average buying price is circa 30p so I'm still up. Hopefully that will be the case @ Christmas.

[kickingking] 03/12/2024 13:13

Was never going to a good deal while the shares languished below 40p.

[bitgold] 03/12/2024 13:03

Buy price now down to 36.19. Almost the subs price. Broker having a fire sale to get rid above 35.94p?

[m24xp] 03/12/2024 09:44

Can buy at 36.6p this morning so looks to me like the MM's are pricing in the diluted NAV already, and/or a broker is selling some of the subs in the market as bitgold suggested.

We should find out later today how many subs were actually taken up.

[amelia airhead] 03/12/2024 09:38

My mum lives in Lubbock Texas.
She is a mathematician and she told me if GPM halves in price it will be under 20.

[professor cuntox] 03/12/2024 08:17

Dream on dave, Why do you always pick duds?

[different world] 03/12/2024 08:00

Will be interesting to see, from today, how if any of the sub shares not taken up are placed on the market. Or whether those that didn't take up their subs will now sell, which they can, and still receive a cash bonus if there is any.

Gold is up $8 at the moment so that at least helps.

[papillon] 03/12/2024 00:47

free stock charts from uk.advfn.com


GPM closing price log chart. This is the closing price version of my chart shown in post 5533. The parallel lines show the short term uptrend. This chart shows the uptrend more clearly than the candlestick chart. The GPM share price is just above the lower uptrend line which, hopefully, will act as support.

[papillon] 02/12/2024 22:46

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GPM log chart showing EMA's. The chart turned bullish at the start of April. Will it stay bullish? I think it probably will. For how long will it stay bullish? How long is a piece of string? What do you think?
I'm targeting £1+ sometime in H2 2025. Am I being too optimistic? Only time will tell.