Golden Prospect Precious... Share Discussion Threads

[steve73] 18/8/2020 02:29

break.. GPSS. Most brokers allow you to buy although some can be awkward (eg AJB)

[breaktwister] 18/8/2020 01:36

How does one buy a sub? I assume this is nothing to do with a footlong steak and cheese..

[papillon] 18/8/2020 01:07

Wouldn't surprise me to see a slight retrace tomorrow, bwtfdik?


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[kenmitch] 17/8/2020 17:46

Good to see their top10 doing well today too.

[different world] 17/8/2020 16:42

Good day here, with gold poised for another run at $2,000.

BTW the average gold price so far for August is $1955 - the highest on record.

Maybe the £1 target will be reached here by the end of September.

[steve73] 17/8/2020 13:49

dw - yes, GPM rising strongly today although I don't think the NAV will be rising anywhere near enough to support it. edit... diluted NAV just 61.46 (as of Friday) but it will be higher today.

But what's surprising is the subs haven't moved at all. You can still buy a sub for less than 19p, and convert it for a total price of 65p, a significant saving on the 71p they are now asking for to buy GPM currently..

[different world] 17/8/2020 11:50

Nice steady rise for gold and silver this morning, back on the trail to $2,000 and $30 and the first target of £1 here.

[different world] 16/8/2020 23:33

Gold up around $4.50 in NZ at $1952.

[nitnia] 16/8/2020 22:56

Thank you Steve73 for a clear explanation.

[davebowler] 16/8/2020 17:07

hTTps://www.thisismoney.co.uk/money/investing/article-8630591/Missed-Great-Gold-Rush-Heres-silver-lining.html

[papillon] 16/8/2020 14:52

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[atlantic57] 16/8/2020 10:46

See post 2670

You effectively have an option to purchase the ordinary at a fixed price.
The option does not commit you to have to legally follow through.

The gearing effect means gpss will a much stronger performer if the ordinary shares rise but equally much weaker if the ordinary share price falls.

[plasybryn] 16/8/2020 10:29

What is the difference between GPM & GPSS, other than GPSS being a much stronger performer? Subscription Shares?

[noirua] 15/8/2020 13:19

3-Day Silver chart:
3-Day Gold chart:

[noirua] 15/8/2020 12:55

3-Day Silver chart:
3-Day Gold chart:

[steve73] 15/8/2020 10:25

What they report as the NAV of the subs is actually the total NAV assuming all the subs convert... i.e. the "diluted" NAV.

Mathematically, it can be derived as (2xNAVu+46.14)/3, where NAVu is the undiluted NAV, since there is approximately one sub for every 2 GPM shares.

Or another way to look at it is that for every 3p that the NAVu is above the conversion price of 46.14p, the diluted NAV increases by just 2p. So NAVu of 76.14p would be a NAVd of 66.14p

[nitnia] 15/8/2020 10:05

How do they work out the NAV of the subscription shares?

[shanksaj] 14/8/2020 20:03

What is driving the precious metal prices at the moment. From what I hear it is optimism that the USA coronavirus is being brought under control/has turned the corner. What is of most interest is not the daily number of deaths but the "daily new cases" chart.

Take a look at worldometer coronavirus USA and look at the "daily new cases" chart.


The daily new cases spiked on July 24 at 78,446. On aug 13, yesterday, it was 55,364.
(Ignore figures coming out from Sat to Monday every week: just like the UK these figures seem unreliable/too low.)

If the trend continues then it should be down to somewhere around 10,000 early October, and some states might be virtually virus free.

Once covid-19 is dealt with the hope is the economy will be able to burst into life.

What may not being thought about enough by traders at present is the huge damage the virus has already done and how long it will take to get over this damage. Once the virus is almost beaten I expect only then will the focus shift to the damage the virus has done to the economy... and up will go the precious metals again.

On top of all this is the approach of a vaccine and better treatments for the illness once it has been caught. Dexamethasone, a cheap steroid, was found in a mid-sized trial to reduce deaths by a third for those on a ventilator and by 20% for those on oxygen. Other drugs such as remdesivir might not be as effective as it is made out to be.

Russia has announced the first vaccine, but it is doubtful they have gone through the same rigour as would be needed in the West, which judging by remdesivir is not ideal either. Besides that the virus mutates! So any vaccine will need to be modified to keep up.

All these issues affect the Battle of the Virus, and all of them, and the public's perception of them, will affect the stock market and the price of the precious metals.

OTHER ISSUES

The CCP, Chinese Communist Party, are sabre rattling along the Indian border more than for many decades. Possibly they want to get the focus of attention off their decisions during the virus spread in China in second half of 2019 and early 2020. e.g. When Wuhan was put under lockdown it meant that no Wuhan citizen could travel to any other part of China, it was prohibited by police blocking the roads. But Wuhan citizens were entirely free to fly to any other part of the world as they wished, with assurances from the CCP including via WHO that the virus was under control. This is the sort of scandal that the CCP do not want the world's media to focus their attention on. Was it deliberate war by virus, or callous indifference, or "If its bad for the rest of the world then its good for the CCP"? The leaders of the CCP come from a line of rulers whose only ethic is "Is it good for my ambitions?" Mao was the dirtiest, most murderous, egomaniac of them all, with upwards to 90 million Chinese dying because of him.

PLA of China's invasion of Taiwan.
It will be 100 years of CCP rule in 2049. By that time the CCP want to celebrate a united China, as part of their achievements. That means reuniting with Taiwan, which was part of China before 1949. They have failed to win over Taiwan with persuasion. They have given up on "One nation, Two systems" in Hong Kong. The PLA military of China, I'm told, already believe they can take Taiwan before the USA are really in position to defend it. Besides China might have much more of the right type of weaponry than the USA for such a war.

If China attacks Taiwan I suppose gold will go much higher, at least until the USA decide what to do.


Presidential Election - 3rd November.
There are 3 Pres. candidate face-to-faces in the campaign, one 29 September and 15 & 22 October. In them I expect people will realise Biden is mentally not well enough/ not sharp enough/ too old, and come the day might grit their teeth, curse the democrats for choosing Biden, and vote Trump. If Trump was super-confident of his unadvised decision making after winning once, how confident and gung ho will he be after winning twice?

Then there are problems with North Korea, Iran, Russia, and Brexit. There are possible problems with the Italian economy and its debt, and its wanting to remain un the EU. And there are the huge debts racked up by many countries to try to contain the economic hardships caused by covid.

Most of these problems, IMO, are good for a rising gold price in the medium/long term.

[steve73] 14/8/2020 14:57

Just 1p spread.. 65/66. It's rarely indicated this tight. They're clearly "open-for-business".

But our TSX have opened flat to down.. and the GBP is strong against all 3 $$s, so perhaps not the best day to add after the earlier rise.... NAI

[different world] 14/8/2020 13:50

Once gold motors back above $2,000 on its way to $2,100 my first target of £1 will come into view.

[different world] 14/8/2020 13:44

Even at a gold price over $100 below the recent peak, Mr Market realises that GPM are cheap.

With gold consolidating between $1930-1960 the average so far for August is around $1979 even with the recent pull back.

[papillon] 14/8/2020 13:41

Nice jump up.

[stevieweebie2] 14/8/2020 12:32

Papillon

No worries, just had me scratching my head there for a moment, wasnt having a dig, it was a genuine question. im O/wT in these so it matters for me lol, ps, Im no spring chicken myself anymore alas.
keep up the good work.
Stevie

[papillon] 14/8/2020 11:59

I like dabbling with charts, but ultimately FUMDAMENTALS drive share prices and the following link is a very good FUNDAMENTAL reason for buying gold and hence GPM shares!!!!!!



stevieweebie2. Apologies. I can't add up!!!! I'm old & senile!! The target share price following the double bottom chart pattern is circa 60p (recent share price when the double bottom pattern was completed) PLUS 40p (depth of the double bottom) = 100p, which ties in with chart resistance.