Golden Prospect Precious... Share Discussion Threads

[bamboo2] 25/3/2011 17:25

fordtin, thanks for that.

interesting to see the xau as comparative to gpm. xau silver and gold miners probably a better proxy here than [unhedged gold] hui.
for ref, xau components,

gpm looks to have outperformed both indexes.

[fordtin] 25/3/2011 10:06

I've put one year, two year, five year & six month charts in a seperate scroll box. I didn't realise it dipped as low as 15p. Anyone who bought at that price must be happy.

The AME rns caught my eye this morning, so I had a quick look through previous releases. At first glance it looks as though GPM/CYN/GCL have maintained a steady shareholding since ipo, but have been trading in and out of the warrants.

[bamboo2] 25/3/2011 09:50

fordtin, thanks for the AME info and the small changes to the header chart layout.
back in here now, although feeling slightly concerned re the finish on the hui last night. i normally work on weekly closes for the hui and will examine tonights close very carefully...

is it desirable or possible to have a gpm chart in the header that includes volume? i've noticed some interesting advfn chart formats on the IAE thread that could fit the bill, or perhaps one of the bigchart offerings, such as on the gal thread.

all the best

[fordtin] 25/3/2011 09:00

AFRICAN MINING & EXPLORATION (lse:AME)


4. Full name of shareholder(s)
(if different from 3.):iv


CITY NATUAL RESOURCES HIGH YIELD TRUST PLC

GEIGER COUNTER LIMITED

GOLDEN PROSPECT PRECIOUS METALS LIMITED

5. Date of the transaction and date on
which the threshold is crossed or
reached: v


22 MARCH 2011

6. Date on which issuer notified:


23 MARCH 2011

7. Threshold(s) that is/are crossed or
reached: vi, vii


21%

[bamboo2] 24/3/2011 08:30

HUI on the up so started averaging back in here.

=====================================================
IMMEDIATE ANNOUNCEMENT - 23 March 2011

Valuation date: 18 March 2011

GOLDEN PROSPECT PRECIOUS METALS

Estimated NAV

Currency GBP

NAV per share 113.98

Total NAV 46,015,876.66

Units in Issue 40,370,000.00

[bamboo2] 16/3/2011 23:49

IMMEDIATE ANNOUNCEMENT - 16 March 2011

Valuation date: 11 March 2011

GOLDEN PROSPECT PRECIOUS METALS

Estimated NAV

Currency GBP

NAV per share 118.75

Total NAV 47,942,489.17

Units in Issue 40,370,000.00

================================================

HUI's uninspiring performance last week led me to sell last friday at b/e. shame, because at one point i was 20% up on my first tranche.
i will definately be back, just more concerned with preserving capital at present. all the best and good luck.

[bamboo2] 08/3/2011 23:11

Valuation date: 4 March 2011
GOLDEN PROSPECT PRECIOUS METALS
Estimated NAV
Currency GBP

NAV per share 128.44

Total NAV 51,852,610.51

Units in Issue 40,370,000.00


=====================================================================================

March 8, 2011
BMR Morning Market Musings...
Gold is trying to bounce back after some profit-taking this morning which took the yellow metal to a low of $1,422.50...as of 8:45 am Pacific, Gold is off just $3 an ounce at $1,428...Silver is essentially unchanged at $35.88 while the U.S. Dollar has gained one-quarter of a point to 76.78...Chinese Gold demand is on the increase...it has exceeded 200 tonnes in the first two months of this year...just a couple of months ago, China reported its Gold imports for the first ten months of 2010 totaled 209 tonnes...if the 2011 pace were to continue, China would purchase what would total close to half of this year's world mine production...the world's biggest commodities trader, Glencore International, is bullish on the outlook for the asset class, expecting last year's buoyant trends based on growth in emerging nations such as China to persist this year...the CDNX, which hit a new two-and-a-half-year high of 2465 yesterday before retreating, is down another 29 points this morning to 2395...this pullback, however, is consistent with others we've seen in recent months, so we see no reason for alarm...the rising 10 and 20-day moving averages (SMA's) are resting just below 2400 while the supporting 50-day SMA is at 2325...there is plenty of technical support...these occasional minor pullbacks in the CDNX have consistently presented good buying opportunities...successful investors will buy into weakness when the overall trend is up...

[kickstart] 28/2/2011 23:05

Hi all,
I generally buy only into specific Gold/silver producers and not much else.I am keen to divest a small potion into agricultural stocks but already have a good size holding in a company that has large oil rights in Argentina and a massive potash resouce in Peru.
I was in to play the sdiscount game with these as I much prefer to trade my own pick rather than a concubine.
I believe gold/silver still have a long way to go and expect gold to breach its high and go to the next level before June.Any substantial move will see these go to a 15/20% premium to nav imop.

[fordtin] 23/2/2011 15:21

hi Dave,

re post 148, you've mentioned your preference for natural resources before. Why don't you sell all your precious metals shares and buy more CYN if you feel so strongly about it?

Although, considering your theory that CYN is better because of it's greater discount to NAV, you may want to consider selling your CYN and buying TIR. They're currently trading at 31.75% discount to NAV.

Personally I'm happy to continue investing in GPM, CYN, GCL, TIR and several other investment companies because I prefer not to put all my eggs in any single one of them.

[bamboo2] 23/2/2011 14:15

hi kickstart, welcome, if you think sw doing well, take a look at the ausgold chart in the header scroll down box. it's astonishing!

[davebowler] 23/2/2011 14:02

CYN is imho better value at c.17% discount to NAV

[kickstart] 23/2/2011 13:58

Yes steaming ahead , close to NAV now. I bought in recently at 108p .Silver Wheaton particularly strong the last few weeks with silver going through the roof.

[bamboo2] 22/2/2011 12:22

Valuation date: 18 February 2011

GOLDEN PROSPECT PRECIOUS METALS

Estimated NAV

Currency GBP

NAV per share 125.39

Total NAV 50,622,719.62

Units in Issue 40,370,000.00

[fordtin] 17/2/2011 13:35

this thread might help to explain the problems advfn are having;



" jgpgw (ADVFN) - 07 Feb'11 - 12:02 View 'jgpgw (ADVFN)' profile

Morning All,

The London Stock Exchange are completely changing their entire trading platform, from the servers up, on Monday 14 Feb. The current version of their system wll be switched off at the same time, there will no overlap between the two systems.

We have been working with them for a few months now to try and ensure the overlap goes smoothly on ADVFN and our rehearsals so far have been successful, but as ever with these things, something may well go wrong, either here or at the exchange.

As this is an exchange side change, if there are problems it may well affect all other price providers as well, so be sure to check your prices and information carefully on Monday if you need to trade. It has the potential to affect anyone who connects to the LSE, so every trading/broking platform will also have been working on their systems to accomodate the charges and may suffer problems.

I will keep everyone up to date on this thread, so please set a favourite/bookmark in preparation for Monday.

John.


The biggest things we are working on at the moment.

The current price is not always correct
We are using the last trade price at the moment for the current price.

Yesterday's close value is incorrect
We have Friday's close value in there for some reason. This also affects the change and change % values as these are calculated using the current price relative to yesterday's close.

We understand how important this information is, which is why we are not working on anything else at the moment. Once these two things are fixed our devs will move on other work.


Other faults that have been noted.

Covered Warrants missing.
The LSE do not seem to be putting these prices out at the moment, so they should come back as soon as they start again.

Flags missing.
Some of these will be retrievable, for instance the AU flag. Some are no longer put out by the LSE, most notably the A flag. We have added the Regulatory News column to your monitor though so you will still be able to keep up with reg news as it comes out.

Potentially rogue orders on Level 2.
It looks like some orders might not deleting properly on Level 2. This could also be affecting the bid/offer prices on the Monitor and elsewhere.

Missing High, Low, Bid and Offer for some stocks.
The cause of this is currently unknown, but will be investigated properly once the big bugs are fixed. Some examples include T17, T46, OXB and HAWK.

Downloadable trades data contains erroneous figures.
This is almost certainly to do with the current price problems we are having, but this will be investigated thoroughly.

Auction duration clock missing from Level 2

Spikes in data
There seem to be some erroneous spikes in some price data, we are looking into the causes of this. This will potentially affect intraday charts and price alerts.

Yesterday's Bid and Offer are missing




"

[2350220] 17/2/2011 13:32

Ha ha.
They're having a larff.

John W

[dick grasso] 17/2/2011 12:53

The advfn prices have just gone again! real price is still the same!

[tonsil] 17/2/2011 12:51

sellers exceeded buyers
some one sold a lot so sh*t happens

[2350220] 17/2/2011 12:49

This looked to be doing very nicely today.
Anyone have any idea why the sudden drop?

John W

[tonsil] 17/2/2011 12:32

Valuation date: 11 February 2011

GOLDEN PROSPECT PRECIOUS METALS

Estimated NAV
Currency GBP
NAV per share 120.26
Total NAV 48,552,731.58
Units in Issue 40,370,000.00

[masco3] 25/1/2011 18:05

If you are interested in quizzing management, the company is exhibiting at this show in April: www.masterinvestor.co.uk. They have a few free tickets available for shareholders and other interested parties if you email the organisers at [e-mail] quoting 'Golden Prospect shareholder'.

[fundjockey] 07/1/2011 11:00

Hectorp

Fair comment however many small cap miners are not ISA eligible. I felt the need for some less volatile miners to compliment Ariana, Arian, Forte, Condor, Goldsone, Kibo, Nex Metals, MMedavinci, Red Rock, Regency, Shanta and Anglo Asian.

Also conscious that I have a lot of Juniors stocks when I add in Copper , Oil & Gas. I also hold IT's for China, India & Latin America plays and wanted to stay under 30 stocks.

GPM has still managed to recover from 20p to over 116p since 2009 so has performed.

The economies of scale can apply to mining and slash costs at certain locations. Having several operations allows production to be held when a mine has issues to resolve. CAPEX can come from cash flow avoiding dilution.

The small caps seem to rerate suddenly sometimes on the dream, sometimes on news and sometimes for no apparent reason. This volatility is awesome when you have large holdings so an IT brings some relief. I also have been shafted many times by dilution. I hate it.

The other issue is the time it takes to see a return on small caps. Andrew Bell took years to come good with Red Rock however patience is a virtue.

The one thing that often matters are fundamentals. As a chartered engineer at least I can follow the geology, the resource reports, the drilling news and the project management of the development & construction. Grade is still king and some of the larger caps do have excellent mines.

FJ

[bamboo2] 07/1/2011 10:17

hi hec, yes do agree about the large cap miners. as seen in s's gdx chart. this also holds plenty of smaller co's and i like the idea of spreading risk. perhaps i should look at the etf you mentioned.

[hectorp] 07/1/2011 10:05

Buy.. on weakness?
- thanks Bamboo.
Too many large cap miners in this ?
They are not doing so well as smaller cap ones.
The costs and overheads, of large cap miners are now rising rather too strongly.
H.

[tonsil] 07/1/2011 08:38

now a holder of this

[bamboo2] 06/1/2011 16:23

IMMEDIATE ANNOUNCEMENT - 6th January 2011

Valuation date: 31.12.2010

GOLDEN PROSPECT PRECIOUS METALS

Final Monthly Valuation

Currency/NAV per share 127.77