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GPM Golden Prospect Precious Metals Limited

31.00
0.25 (0.81%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Golden Prospect Precious Metals Limited LSE:GPM London Ordinary Share GG00B1G9T992 ORD SHS 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.25 0.81% 31.00 30.00 32.00 31.00 30.75 30.75 341,585 08:07:36
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services -11.67M -12.68M -0.1483 -2.09 26.51M
Golden Prospect Precious Metals Limited is listed in the Finance Services sector of the London Stock Exchange with ticker GPM. The last closing price for Golden Prospect Precious... was 30.75p. Over the last year, Golden Prospect Precious... shares have traded in a share price range of 23.00p to 38.00p.

Golden Prospect Precious... currently has 85,503,021 shares in issue. The market capitalisation of Golden Prospect Precious... is £26.51 million. Golden Prospect Precious... has a price to earnings ratio (PE ratio) of -2.09.

Golden Prospect Precious... Share Discussion Threads

Showing 4376 to 4398 of 7550 messages
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DateSubjectAuthorDiscuss
20/11/2020
08:00
The Directors may accept as valid Certificated Subscription Notices which are received after the relevant Subscription Date provided they are accompanied by the correct remittance, as described above. Once lodged, a Certificated Subscription Notice shall be irrevocable save with the consent of the Directors. For a Certificated Subscription Notice to be effective, compliance must also be made with any statutory and regulatory requirements for the time being applicable.

Above indicates how GPSS conversions are dealt with if received late.

noirua
19/11/2020
23:13
Perhaps someone would like to comment on the above.

My understanding was that so long as GPM were over 46p the subscription shares would ALL be exercised by the holders or the trustee (who then sells into the market) - so isn't what evil is saying totally wrong?

I admit to being out of my depth - Kenny you still out there?

podgyted
19/11/2020
18:24
Since there are 28m Golden Prospect Subs (LON:GPSS) outstanding and since one can only get c. 3p for them there is inevitably selling pressure rather than going through the hoops and paying a further 46.14 to convert a GPSS to a Golden Prospect (LON:GPM) share. However, it may prove to be the case that perhaps c. only 7m GPSS will be converted (of which 1.15m are those of family Cawkwell) and as a result the dilutive effect of GPSS upon nav of GPM is sharply cut back. This suggests that the nav of GPM might be about 67p post the conversion period and that the 17p or more discount to nav represented by the current share price is absurd.

Obviously, one has to take a view on GPM (I already have) but this is an opportunity to buy an investment trust at a very attractive discount. Fill yer boots.

I'm of the same mind .Mine will convert too.

ohisay
19/11/2020
14:37
Laptop...you need to focus on the fully diluted NAV which is in the daily RNS...that is the true underlying value based on the receipt of £13 million subscriptions...

However, the fund managers will be able to buy miners at a time when gold and silver are temporarily depressed...(god sat right now at 10.6% below the all time high...

If you believe the vast oceans of money printing are of no consequence and that equity markets are going to boom from here, GPM won't perform...

Our total prospective holding of 635,000 GPM says the opposite...

rougepierre
19/11/2020
12:24
Not far to go.
ultrasharp
19/11/2020
11:11
The gold price remains weak and there is no knowing where it might fall to.
I've increased my holding in ARB Argo Blockchain in hopes Bitcoin is a better bet and this miner will do well.

noirua
19/11/2020
11:01
How often do the subscription events come along?? Is this likely to bounce up to NAV value after closing date ie end November
laptop15
19/11/2020
10:58
The gold and silver shares are down about 1.5% across the pond in the pre-market this morning. That after a 2.5% fall last evening. The fall down under was also about 1.5%. The GPSS sell price is 3p but needs 'fill or kill' to get it - at a guess. 46.14p + 3p = 49.14p.
noirua
19/11/2020
10:57
Can they both keep dropping until the deadline??
laptop15
19/11/2020
10:41
I am trying to decide what to do rationally.

I hold 20,000 GPSS for which I paid 10p.

3 options:

A) convert to get 20,000 GPM at a total cost of 56p per share

B) Get rid of the subs and buy GPM in the market - net cost today would be about 47.2 per share.

C) Wait until the last minute and see what happens before making decision.

BUT it makes no sense for me to send in my conversion instruction today so a limit order it is!

toffeeman
19/11/2020
10:21
pretty much there arent we?
c0lin1
19/11/2020
09:42
I've sent off my 46.14p for each of my 40,000 remaining GPSS. Needs, eventually, a GPM price of 58p for me to break even on that lot. There were profits on some earlier on the runup but it does not disguise the 40,000 are well under water.
The buy price for GPM may well dip to 48p.

noirua
19/11/2020
09:39
200 day SMA here we come.
ultrasharp
18/11/2020
17:03
GPSS carried on falling. I can see it falling even further. bwtfdlk?
ultrasharp
18/11/2020
16:47
Bought another 50,000 GPSS at 3.5p = 49.14p = 18.5% discount to fully diluted NAV

Crazy...

Gold undervalued and this fund is massively into Juniors and 25% silver...

Plenty of articles suggesting the Majors will gobble them to rationalise the sector and secure their future gold reserves...

Starting with SOLG...? Not strictly a gold Minor, but with massive amounts of gold and silver in their two major prospects so far...

rougepierre
18/11/2020
14:12
looks like a record high on the price to nav discount
arbus5000
18/11/2020
13:40
October Fact Sheet now at top of header.
noirua
18/11/2020
12:51
davidosh... I was just quoted 3.8p to buy GPSS.. Add on the 46.14, and you'll end up with GPM a couple of p less than you'll need to pay for them directly (52p, currently)...
steve73
18/11/2020
11:55
At this point, I wouldn't bother.For every GPSS you buy, you can subscribe by the end of this month for 1 GPM share at 46.14p
greenrichard
18/11/2020
11:53
How do you get involved in the subscription at 46p?
davidosh
18/11/2020
11:43
How low is this going? Will it end up close to subscription price of 46p??I'm not holding so can't take place. Is it worth buying this at Current share price or is it likely to drop to subscription price like a placing would?? Just trying to get my head around the calculations
laptop15
17/11/2020
21:54
Only another 5p to 46 p then these will be really, really interesting.
podgyted
17/11/2020
20:26
What I can't get my head around is the fact that the gold price stagnates, but Bitcoin continues on it's merry way upwards. Another big rise today. Is it because speculators are gambling on Bitcoin rather than gold, as a hedge, in these troubled times?
ultrasharp
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