Golden Prospect Precious... Share Discussion Threads

[ohisay] 15/11/2021 14:43

Steve 73 appreciate what you are saying .
My view of fund Managers is they have the time to do the research and optimise the fund .
Personally I like conviction managers for better or for worse .
Less companies means a better outcome for a decent fund manager.More companies means they can hide a bit .
With gold at 1860 there should not be circa 20% discount to nav.

[steve73] 15/11/2021 14:11

ohisay..prior to last years Subs conversions, there were typically 40-45 positions. With around 50% additional cash, they've been running more than this, so 60 position looks to be about right, to avoid having large position in some of the less liquid co's..
That said, fewer position should allow them to reduce their management fees; more positions probably allows them to justify the higher (absolute) fees...

[ohisay] 15/11/2021 12:18

Its easy money for the fund managers to have some many positions ,not withstanding the concentration at the top .
But its also more transaction costs .
I'd prefer fewer positions and less concentration at the top .

Just saying it looks odd to me.

[riverman77] 15/11/2021 11:59

Looks pretty concentrated in the top few holdings. Perhaps they have a long tail of smaller, speculative positions, which may not be such a bad thing.

[ohisay] 15/11/2021 11:46

As of September ..


TOP 10 HOLDINGS (%)1,7
Name (% of MV)
WEST AFRICAN RESOURCES LTD 9.89
FORTUNA SILVER MINES INC 8.30
CALIDUS RESOURCES LTD 6.71
EMERALD RESOURCES NL 4.16
MAG SILVER CORP 4.12
ADVENTUS MINING CORP 3.91
CALIBRE MINING CORP 3.77
SILVERCREST METALS INC 3.66
OCEANAGOLD CORP 3.63
WESTGOLD RESOURCES LTD 3.58
Top 10 Holdings Represent 51.73
The Company has exposure to 61 issue

61 companies strikes me as being over extended .I'd like a little more concentration personally..max 30.

[steve73] 15/11/2021 04:56

As far as I can make out, pap's plot in ..081 does not use "different" scales. You need only look to the GPM chart in the header to see that.

Over the past 2-years, gold has gone from a c. 1,500 low to 2,200 high - a 50% gain.

In the same time frame, GPM low and high's were c. 25 to 73 - almost 3x, or a 200% rise.

Clearly a 4:1 gearing...

Keep up the good work pap.. keep these idiots in their place.

[papillon] 13/11/2021 22:44

free stock charts from uk.advfn.com

This chart highlights that the GPM share price is a geared play on Gold price.

[podgyted] 12/11/2021 20:45

Meanwhile..............

Fortuna Silver Mines - 8%+ of NAV (as of Sept) is down 22% as their biggest mine is threatened with closure due to their environmental license being withdrawn.

[tromso1] 12/11/2021 11:24

NAV now 60.7p. Huge discount on offer at only 48p to buy vs the NAV.

[podgyted] 11/11/2021 22:47

This would be higher (following the gold price) but someone wants out.

Many 100k and 50k sells today - when its over ..................

[verulamium] 11/11/2021 22:36

It doesn't produce any gold, what are you on about? It should follow the gold price but with heavy gearing, and if it invests well should get a performance boost from that.

[stevieweebie2] 11/11/2021 14:00

wow, 60p's for 50p in a rising market, whats the catch?

[papillon] 11/11/2021 00:22

Little bullish IH&S formed on the GPM chart today. Bullish short term target circa 60p

My Heikin-Ashi gold chart went bullish a week ago.


free stock charts from uk.advfn.com

[stevieweebie2] 10/11/2021 14:25

just had a 5k top up, ive plenty now thanks, this will rocket north shortly DYOR

[12string] 10/11/2021 14:04

Get in quick guys. We have GPM shares at 19% discount and gold has just taken off after a 6.2% annual increase in US consumer prices.

[podgyted] 17/10/2021 16:37

Gold took a bit of a knock on Friday - still have a NAV of @ 54.8p for a discount of @ 18%.

Will have to see how develops on Monday.