Golden Prospect Precious... Share Discussion Threads

[pww1] 29/2/2012 09:40

wizard7,

yes I agree. Both the gold and silver charts have now broken upwards this week, and maybe at long last the senior and midtier gold and silver shares will start to be released by the shorts. When it happens, the rerating of GPM's portfolio will be dramatic, added to which will likely be a return to a premium on NAV.

I topped up my holding of GPMS this morning, 30,000 @ 22.75p. Gearing approx 5 times each increase in GPM shares.

GLALTH and DYOR

pww1

[wizard7] 28/2/2012 18:26

Due another leg up soon...

[energiser01] 24/2/2012 18:02

NAV and share price look to be on PAR now.

dyor etc..

[mozy123] 24/2/2012 11:13

Boom, there you go! Just made myself some beer money! :) Love the slow reaction to NAV with easy HUI analysis to find good arbs.

[jimbo55] 24/2/2012 09:00

HUI Gold Bugs Index energizer. Always worth keeping an eye on if you're looking for an indicative likely future price action in this sector.

[energiser01] 23/2/2012 23:16

Mozy - HUI ?

[mozy123] 23/2/2012 18:47

Looks like a great opportunity to top up with this one. I estimate the NAV to be around 114p as the HUI has increased from 520 to 550, or 5.7% since last announcement with a 109.5p NAV.

[energiser01] 23/2/2012 18:30

This one often trades as a premium to NAV in the past, presently expecting NAV today to be around 114p up from 109.5p on Friday. share price static and Gold up over the period, +$60. Could see this putting on a few pence to catch up with underlying shares over the next few days.

dyor etc...

[wizard7] 09/2/2012 14:42

Can't buy more than 750 for less that 115 with TDW.

[wizard7] 07/2/2012 20:32

Doubt it will be down for long if current events continue to repeat themselves (ie gold and silver keep going up!).

[mozy123] 07/2/2012 15:36

Nav increases and the price drops! Love this stock haha

[wizard7] 31/1/2012 11:45

Splendid. A cup of tea and maybe even a bun on the strength of that. Well done Mr Wong.

[protean] 31/1/2012 10:47

Pushing up. GPMS moving up too.

[wizard7] 31/1/2012 08:05

Aren't we due a NAV update?

Edit - and there we are 112.77. Up we go please.

[protean] 30/1/2012 17:25

wizard7 - yes I don't think we're wrong to say that Mr Long is long Mr Wong.

[wizard7] 29/1/2012 10:27

Thanks Protean - all very positive and a little amusing to see Mr Long liking Mr Wong so much. As long as they are not both Mr Wrong.. I'll get my coat.

[protean] 28/1/2012 17:06

From Sep 11, but an interesting read:



"Unsurprisingly, then, the fund has garnered some strong support in the City. A recent circular from Singer Capital Markets, for instance, came with some very positive comment, with analyst Charlie Long lauding Golden Prospect as a "superb way" of harnessing the expected rebound in gold equities, which haven't done quite as well as the gold price.

"Gold equities, once regarded as a geared play on the gold price, continue to underperform physical gold," he said. "While we recognise gold equities and gold bullion are different markets, with different participants, we believe that sustained high gold prices will result in substantial cash generation for producers and a sector re-rating."

Gold Prospect, he added, boasted a strong record in this regard. "Its excellent investment strategy continues to deliver and it comfortably remains the top fund, open or closed, in our global peer group, while it is also massively outperforming the UK, US and global gold equity benchmarks."

Mr Long's counterpart at Canaccord Genuity, Paul Locke, made a similar point earlier this month. He also heaped praise on John Wong, Golden Prospect's lead fund manager. A chartered accountant by training, Mr Wong has previously held investment roles at Ruffer and Rosthschild Asset Management.

"John Wong has proved consistently over the last three years his ability to generate excess returns," Mr Locke gushed in a note to clients. "Not only has he outpaced the strong surge in the price of gold over this period, but he has also outperformed (by some margin) growth in the main, larger cap equity indices in the precious metals sector."

[protean] 28/1/2012 16:55

Another interesting link:



Wong says "I am very relaxed on valuations right now... today I can buy at prices I have never seen in ten years playing in the gold space."

[protean] 28/1/2012 16:50

Interesting recent video with John Wong giving his views:

[wizard7] 26/1/2012 16:38

Big smiles all around!

[protean] 26/1/2012 16:09

GPMS starting to move up as well. Potential for that to really motor if GPM starts trending up properly.

[mozy123] 26/1/2012 15:50

I estimate Nav at 115p

Hui up 8.4% since last Nav announcement

106*1.084 = 114.9p

Happy days

[mozy123] 26/1/2012 15:10

Good Oportunity Bambo! This always lags! Great share to trade!

[bamboo2] 26/1/2012 15:04

HUI up nearly 10% in 2days.

This seems to be lagging behind.

[mozy123] 25/1/2012 21:09

Hi Wizard, yes it should, GPM is often slow to react as well, lets see if i can get some a tonne more at 8am