Golden Prospect Precious... Share Discussion Threads

[ultrasharp] 21/10/2020 23:54

Bloody hell! Bitcoin has gone barmy today. Up almost 10% on the day. Let's hope gold soon follows with such a similar big daily rise.

[rougepierre] 21/10/2020 22:38

Great minds indeed!

[arcadian] 21/10/2020 17:26

Rouge I`m beginning to believe in telepathy. Earlier this afternoon having read the chairman`s exhortation this morning to convert the subscription shares I drafted a private email to you along the above lines but messed up the sending and having decided that it wasn`t my business anyway and that you are a seasoned investor I went back to my day job. The above at 15.31pm I found scary but I`m glad you did it for the greater good. It may have been from you to me of course but I was just trying to make sure that you hadn`t forgotten those 28 million conversions as they would lower the net asset value per share.. Obviously my email wasn`t needed.

[rougepierre] 21/10/2020 15:51

This may have been overlooked... There are 28,473,716 Subscription Shares outstanding from the original 28,501,013 issued in November 2017... That means only 27,297 have been taken up so far, which is hardly surprising, because the subscriptions to date and then current share prices were: 30 November 2018 40.37p 18.5p NAV 24.57p 30 November 2019 42.3p 24.9p NAV 35.1p 30 November 2020 46.14p 60p (Current) NAV 73.44p (GPSS grosses up to 56.14p) So, as the last figures show, it would seem that only an idiot would fail to take up their shares on 30 November 2020 because that is: A discount of 6.4% to the fully paid price and 23.6% to the NAV... If they are all taken up, the Company will get a 'windfall' of £13.14 million to invest just as the Gold and Silver prices my be poised to take off and to add to its current £41.9 million Fund value, making c£55 million... So what's the catch? Well...if all the SS's are taken up, the NAV would fall to 64.3p par share, which makes GPSS a much better bet at a 12.7% discount to adjusted NAV than GPM at only a 6.7% discount. However, the fact that you can buy GPSS for 10p (grosses up to 56.14p) while the fully priced shares are 60p to buy, suggests that some people are struggling to raise the funds in order to take them up. Therefore the funds subscribed are likely to be significantly less than the prospective £13.4 million, which therefore raises the NAV of the fully diluted shares to anywhere between 64.3p (all taken up) and 73.44p (none taken up). If only half were taken up the NAV would be c68p. So...if you have the cash to buy and subscribe GPSS shares, they appear to be a no-brainer... Apart from anything else, they are a highly leveraged 'option' on the Gold price, as the price action showed when Gold surged to over $2070 on 7 August and GPSS was 19p, having been 24.8p on 27 July. If we saw the latter again, you'd make almost a 150% gain unless you took up the shares, in which case you'd make a 25% gain..you pays your money... Which is why we have 350,000 of them; and the Chairman, Malcolm Burne has 318,750 and states in today's Annual Report that he will definitely be taking them up. AIMHO as usual and DYOR...

[ultrasharp] 21/10/2020 15:34

I don't touch cryptocurrency, but I see that Bitcoin has gone barmy today. It has been very strong recently, but has really taken off today. Presumably because of all the money governments have been borrowing and printing. Let's hope gold soon goes similarly barmy as well!!

[ultrasharp] 21/10/2020 15:17

2 very bullish articles on gold and GPM today on Shareprophets. I don't subscribe so can't read them, but going by the headlines both are very bullish. The one on gold is by Winnifroth himself, whilst the other on GPM is by another hack who also holds GPM shares. It's looking likely that both the gold price and GPM are getting ready for the next big move upwards!! Yippee!! PS. GPM results were issued this morning.

[noirua] 21/10/2020 11:06

A buy of 150,000 GPSS shares looks like an opportunity grabbed by a larger investor ready to convert. Maybe others will follow as 10p + 46.14p = 56.14p. At a discount to the bid price of GPM at 59p. GPSS should move to 10p - 12p at any moment.

[noirua] 21/10/2020 09:59

The runup to November 3 should be a target for the gold and silver price to move higher. Or at least that is the view of some analysts and speculators across the pond.

[different world] 19/10/2020 22:46

An excellent article. And once the central banks create inflation gold will hit $3,000. https://thegoldobserver.substack.com/p/gold-is-the-only-way-out-for-central

[noirua] 19/10/2020 14:58

Roxgold Produces 33,557 Ounces in Third Quarter Maintaining Guidance 19 October 2020 Https://www.juniorminingnetwork.com/junior-miner-news/press-releases/730-tsx/roxg/86010-roxgold-produces-33-557-ounces-in-third-quarter-maintaining-guidance.html?utm_source=newsletter_944&utm_medium=email&utm_campaign=junior-mining-brief-for-date-b-j-y “Roxgold is pleased to report another positive quarter of operations from the Yaramoko Mine Complex, as our employees, contractors and local communities have all joined together to ensure a safe and secure working environment,” said John Dorward, President and CEO. “Yaramoko achieved quarterly production of 33,557 ounces, bringing our year to date production to 98,749 ounces – putting the company well on track towards achieving the upper end of our annual production guidance of 120,000 to 130,000 ounces. The processing plant continues to outperform, averaging throughput of 1,424 tonnes per day, as mining volumes were supplemented with lower grade stockpiles due to ongoing COVID-19 travel restrictions and distancing protocols requiring adjusted scheduling of mining personnel.

[rougepierre] 16/10/2020 16:56

Very concentrated in gold/silver/copper... SOLG, GPM, ATYM, PAAA, ARCM, ADT1, VAST and a load of formerly high yielding FTSE stocks...

[toffeeman] 16/10/2020 15:56

Well you either have a very concentrated portfolio or so much money that the last thing you should be doing is spending time on ADVFN.

[rougepierre] 16/10/2020 15:45

I'm afraid you're wrong...I've already got £130,000 set aside...the rest will come from SOLG profits... Unless of course they rise to 20p again before 30 November... This is my biggest exposure to the Gold/Silver price...

[rougepierre] 16/10/2020 14:48

I have 450,000 at 11p says you're right Noirua... 10.07 to buy plus 46.2 subscription makes 56.27... GPM 57.845 to buy... NAV just published at 74.76p Where else can you get a 25% discount on a gold fund filled with great gold and silver miners...? And when gold goes on a tear...as it will...not only will the NAV go up, but the discount gap will close massively as it did when gold ripped through $2,000 this year... AIMHO as usual...

[noirua] 16/10/2020 14:22

I did sell half of my GPM shares last week and put the money into Trans Siberian Gold TSG. Might be wrong as GPM look at too big a discount and should be priced near 62p mid and therefore GPSS at about 13.5p mid. GPSS priced ignoring discount and risk should be priced at 19p offer. The sector is not depressed just under a cloud moving slowly with occasional breaks in the cloud but not for long.

[podgyted] 15/10/2020 12:52

"VANCOUVER, British Columbia, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company”; or “Calibre”;) is pleased to announce it is now debt-free after making the final acquisition-related payments of US$15.5 million to B2Gold Corp. (“B2Gold”;). As announced on March 25, 2020, Calibre and B2Gold agreed to defer the payment of the US$10 million “Deferred Acquisition Payment” and the US$5.5 million “Working Capital Adjustment” payment for up to a six-month period from October 15, 2020 to April 15, 2021. Russell Ball, Chief Executive Officer of Calibre, stated: “I want to once again thank B2Gold for extending the repayment terms when we suspended operations in March due to the pandemic. With a strong third quarter at the operations, significant free cash flow generation and US$56 million on hand at quarter-end, we elected to repay the amounts owed to B2Gold on the original repayment schedule. Because that’s what good partners do.” "

[podgyted] 14/10/2020 21:43

Good showing in NA tonight.

[ultrasharp] 14/10/2020 20:50

hTTps://www.shareprophets.com/views/51716/video-gold-will-win-the-presidential-election

[noirua] 14/10/2020 14:51

Fortuna Silver Mines reports production of 2.1 million ounces of silver and 12,791 ounces of gold for the third quarter of 2020 14 October Https://www.juniorminingnetwork.com/junior-miner-news/press-releases/871-tsx/fvi/85732-fortuna-reports-production-of-2-1-million-ounces-of-silver-and-12-791-ounces-of-gold-for-the-third-quarter-of-2020.html?utm_source=newsletter_941&utm_medium=email&utm_campaign=junior-mining-brief-for-date-b-j-y

[ultrasharp] 13/10/2020 21:45

Gold back down below US$1900 yet again. Unfortunately it's been going sideways for sometime. I think posters on here who get excited every time the gold price goes above 1900 just need to calm down and wait for this sideways movement to end. When that will be is outside of our control.

[noirua] 13/10/2020 14:51

Roxgold Intersects 109 GPT Over 4m and 49.3 GPT Over 9m at Koula Prospect in Séguéla Gold Project October 13 Https://www.juniorminingnetwork.com/junior-miner-news/press-releases/730-tsx/roxg/85610-roxgold-intersects-109-gpt-over-4m-and-49-3-gpt-over-9m-at-koula-prospect-in-seguela-gold-project.html?utm_source=newsletter_940&;utm_medium=email&utm_campaign=junior-mining-brief-for-date-b-j-y GPM - Roxgold Incorporated: Https://www.roxgold.com/home/default.aspx TSX:ROXG USOTC:ROGFF - 5.69% August 2020 - https://uk.advfn.com/p.php?pid=quote&;symbol=TSX:ROXG

[rougepierre] 13/10/2020 11:13

Its actually 10.9p green, but... GPSS still looking ridiculously cheap IMHO... GPM is 58/60, 60 to buy... GPSS is 9/11, 10.90 to buy...add the 46.2p call makes 57.1p...2.9p cheaper than GPM... yesterday's asset value was 74.02...that's a 23% discount to buy GPSS... I have 250,000, but there's a call to pay...cash sat in TR21...