Golden Prospect Precious... Share Discussion Threads

[ohisay] 13/1/2021 04:08

Some interesting comparisons there .

[arbus5000] 12/1/2021 07:36

its a bit of volatility given gyrations in stocks/bitcoin.

GPM isn't very liquid so its share price is slow to catch up (or down).

[12string] 11/1/2021 16:21

@ Noirua,

I compare the close mid-price with The reported NAV for that day. That's the best metric we can expect I think

[podgyted] 11/1/2021 00:59

The two main Australian shares (West African and Westgold) are currently down over 8% on high volume - not looking good.

Strangely Calidus up a bit.

Gold price pretty static at first - worrying decline in the last few minutes.

Time for bed - digest in the morning.

[atlantic57] 10/1/2021 13:20

Bond yields surged to close the week, on hopes of more fiscal stimulus, due to the results of the Georgia elections. Recall that Gold has performed well amidst falling yields and very low rates. I’ve discussed how the initial reflation move will create an unwinding in the reverse trade (falling yields) which benefitted Gold. In other words, capital sought Gold due to falling yields and economic pessimism. Now due to renewed optimism and inflation worries it is seeking other commodities and emerging markets equities. This unwinding is temporary and the good news is, has been ongoing for months, but still has some juice left.
Technically, the key support levels are $21 and $22 for Silver and $1770 and $1690 for Gold

Some commentary from jordan

[1jbrisky] 08/1/2021 20:45

Noirua
Think we've all worked out that NAV operates on the previous days share price. Once you've taken this into account NAV remains the single most important value indicator.

[noirua] 08/1/2021 17:38

NAV information does not include the sharp fall in the silver price and the fall in the gold price. The discounts are rendered meaningless.

[12string] 08/1/2021 16:07

Obviously the GPM share price acts no differently insofar as the ratio of buying to selling volume is the key dependent variable. What is comforting however is the fact that the GPM share price (that we have paid to be come shareholders) is lower than the aggregate value of the companies in the GPM portfolio. So, unless you are really short term investing/trading, there will come a time that the share price will reflect far lass of a discount than exists today.

I chose GPM several years ago because:

1. It's far safer than investing in individual miners
2. It's UK-listed and so would benefit from relative UK£ currency weakness
3. It's a reasonably actively managed fund with excellent fund managers
4. The fund managers are in a position to take advantage of portfolio share placings
5. The discount to NAV is significant and has a history of closing when gold is rising strongly

I'm old enough to know that gold/silver investing is a long term game, in which the GPM fund managers do all the hard work.

[atlantic57] 08/1/2021 15:51

Ultra I look forward to listening to Jordan on the-daily Gold.
I don’t understand why gold is tanking.

Some commentators state.

Gold is having a major fundamental shift for many investors and they're starting to abandon their safe haven trade for gold," says OANDA's Edward Moya. "You're probably going to see that the Treasury market sees some strong flows and that's taking away some of the appeal from gold."

The market cap of crypto is very small and should not be impacting gold.

I agree crypto will plummet at some point....

[ultrasharp] 08/1/2021 13:59

I remember somebody posting on one of the GPM threads that the GPM share price wasn't dependent on the daily movements in the gold price. 🤣 Well the gold price is currently well down today and so is the GPM sp!
Meanwhile whilst the gold price has been stagnating (consolidating, depending on your point of view) for the past 4-5 months the Bitcoin price has been climbing ever higher. The Bitcoin price is hitting new highs again today. Now over 41,000 dollars. It's sheer madness of course and like around 3 years ago the Bitcoin price will eventually start dropping like a stone when profit taking starts and then panic will set in when other punters try to sell to preserve profits, or limit losses and there are no buyers around!!
History has a habit of repeating itself!
Perhaps then gold will regain the mantle of the punters favourite store of wealth instead of Bitcoin!

[king_baller] 08/1/2021 08:03

GPM tipped as the best and ‘most interesting’ way to have gold exposure in MoneyWeek today. ‘For the bulls this is the high risk, high reward fund to go for’.

We’ve been discussing will the discount close. My personal belief is this trust should be running at a premium. The excellent recent stock selection of near term producers and developers is really paying off. The high exposure to silver miners is soon to pay off big time.

GLA.

[12string] 07/1/2021 17:19

Gold's strong performance Monday/Tuesday attracted even stronger buying into GPM, closing the discount to under 10%. Hoping that gold will resume it's upward charge in which I'm expecting a repeat of early August 2020 when the discount closed to 1% ... NPV 71.76, share price 71.03 (mid-price).

[noirua] 07/1/2021 15:22

Golden Prospect Precious Metals Limited (TIDM:GPM): Bid NAV 71.01p

Presently trading at Bid 62p - Offer 64.60p

Bid 62p = discount of 12.68%
Offer 64.6p = discount 9.02%

[noirua] 07/1/2021 12:20

The bid price of GPM is now 61p with real trading at bid 61.8p. GPSS conversion was at 46.14p showing a profit of 14.86p. Of course, those who paid up to 25p for GPSS are still showing a loss.

[atlantic57] 07/1/2021 09:37

I was surprised at the negative reaction of gold yesterday.

The consensus view amongst the army of " expert talking heads" :

If the democrats won control of both houses a huge stimulus package would be agreed and gold would soar on the news.

Crpto currencies did get a boost and yes they will fall back but the chart remains the same for crpto higher highs and lower lows.

gold still appears to be not ready for lift off

[noirua] 06/1/2021 18:03

Golden Prospect Precious Metals Limited (TIDM:GPM): Bid NAV 70.55p

Presently trading at Bid 61.90p - Offer 63.00p

Bid 61.90p = discount of 12.26%
Offer 63.00p = discount 10.70%

[noirua] 05/1/2021 13:46

Golden Prospect Precious Metals Limited (TIDM:GPM): Bid NAV 69.95p

Presently trading at Bid 58.8p - Offer 59.85p

Bid 58.8p = discount of 16.4%
Offer 59.85p = discount 14.3%

[noirua] 05/1/2021 12:22

Those that give a 100p guess for GPM are really misguided in doing so. Everything depends on the share price of shares in Canada, the USA, and Australia and a guess on the gold price. So the guess may be right but do research on the main constituents of the fund and hope the discount to 'bid NAV' narrows.

[tykethat] 05/1/2021 12:00

I have also received the subscription shares related cash.

[atlantic57] 05/1/2021 08:29

Ditto contact your broker

[steve73] 05/1/2021 08:06

They should have been there by now.. mine took about 2 weeks only. Contact your broker.

[briggs1209] 05/1/2021 08:04

Hi,

Can anyone tell me when the subscription shares will be processed and offered as they have not hit my account yet,

thanks

[ultrasharp] 04/1/2021 23:36

Winnifroth's Shareprophets site has tipped GPM yet again and given a price target of 100p. Presumably for 2021.
My GPM share price target for 2021 is higher than 100p.