Golden Prospect Precious... Share Discussion Threads

[spectoacc] 26/8/2019 08:21

Markets closed means no temptation to sell GPM ;)

Anyone not see gold testing $1,600 over the next few months? Takes one tweet...

And then a proper re-rating of the mainly smaller gold punts GPM holds.

And then a proper re-rating of GPM to somewhere nearer NAV.

[darrenp746] 25/8/2019 23:42

Far Eastern markets are opening gold up to $1550

[darwar] 25/8/2019 23:12

Au going sky high in the States right now

[useless23] 25/8/2019 23:09

Gutted the markets aren't open tomorrow

[creme de menthe] 25/8/2019 14:15

A weaker pound should have helped

[useless23] 25/8/2019 12:23

Perhaps it was due to exchange rates being different by a large margin mid 2016

[techtrend] 24/8/2019 16:18

Same issue with GDX pakenham so not a GPM specific issue. I don't think the herd have cottoned on to the PM bull market yet, although it's a process and it's starting IMO

Gold moving above $1600 will be huge as it was the drop below that level in 2012 that triggered the PM bear market. I see that happening this year quite easily the way things are unfolding now.

[pakenham] 24/8/2019 13:44

GPM seems to have caught the imagination - I last posted here after buying at 22p a couple of months ago. The question I have been asking is why the price is still so cheap - the share price was nearly 60p when gold was 1330 back in mid 2016. Well now it's over 1500 - so what's happening here; clearly the fund here reflects its constituent shares in gold and silver in aus, can, s.america and the usa and they are on the whole still below their 2016 highs. The disconnect should soon narrow as these better prices are booked on the bottom line. GLA

[useless23] 23/8/2019 19:30

Gap up to 40p Tuesday morning. Happy bank holiday everyone

[cf456] 23/8/2019 15:43

Gold and silver pushing back up strongly.

[davebowler] 21/8/2019 13:55

Net Asset Value per share as at: 20/08/2019


The unaudited net asset value (NAV) of the company is noted below in pence per share.

Pence per share
Golden Prospect Precious Metals Limited 39.55

[sharestobuy] 20/8/2019 18:20

What do people think of buying GPSS as well as this? Im already in here but considering GPSS also as it only 6p a share?

[cf456] 20/8/2019 15:02

"I urge everyone to climb on board the gold train; last month I said it was leaving the station. If you run fast, you might just catch the last carriage. I am pretty sure we will see $1,800-$2,000 before this year ends, and see gold miners move much, much higher."

[spectoacc] 20/8/2019 13:54

38.9p for yesterday's.

[cf456] 20/8/2019 12:19

Gold on the move back up by the looks of it.

[spectoacc] 20/8/2019 10:04

And there it is. Friday's. 39.43p. Presumably yesterday's out this afternoon. No explanation.

[creme de menthe] 20/8/2019 09:53

Yes I have topped up after selling into the rise last week.
Gold price is still at $1500 and Australia and US likely to cut rates soon should provide another boost for gold.

[creme de menthe] 20/8/2019 09:52

Yes I have topped up after selling into the rise last week.
Gold price is still at $1500 and Australia and US likely to cut rates soon should provide another boost for gold.

[cf456] 20/8/2019 09:44

Nice dip buying opportunity here at 33p after the drop.

[stevieweebie2] 20/8/2019 09:44

Sood find out Specto, will come out in the wash.

[stevieweebie2] 20/8/2019 09:44

duplicate post

[spectoacc] 20/8/2019 09:29

No one seen Friday's NAV? Very odd to miss one. Will today's pick up Monday's instead?

[spectoacc] 20/8/2019 07:20

Away yesterday, looks like I missed a good top-up, but - where was the NAV RNS? Can only see 16th for the 15th here.

[skidaddle] 19/8/2019 15:06

BrassGemini

I hold Blackrock Gold and General and Smith & Williamson unit trusts in ISA's and PEP's. They are only priced once a day and there is no discount to NAV.

If you want a liquid gold option then stick to large individual gold miners because the smaller the miner the more illiquid the stock is usually the case. Most of GPM are small to mid-cap miners with a good spread of stocks that are not easy to get individually in this country.

Investment Trusts nearlly always take time to complete a buy or a sell, but usually GPM and GPSS don't normally take longer the 15 minutes and on occasion you can get a quote a deal done. So I don't see what the fuss is about, especially if you buy on days when people are selling and sell when people are buying.

[brassgemini] 19/8/2019 12:58

Skidaddle - I agree with the sentiment completely...the question is in what form do you hold gold/PM's. I also agree from a Investment Trust perspective and without taking currency risk there are very few options. Its just the liquidity of GPM/GPSS that is a real concern. AS someone earlier this week said its a real pain when the buy and sell prices quoted are quite different from those you actually get from any broker! Have people considered other Gold options other than GPM that are more liquid?