Golden Prospect Precious... Share Discussion Threads

[geckoman] 08/12/2013 17:00

I can't believe no-one is posting here or on LSE. Goes to show, gold is truly unloved, and this share must be the apotheosis of this hatred, with a NAV discount that is incredible. The last remaining goldies might have faith in the companies they are invested in or, in a more psycological sense, are too underwater on paper to want to sell and take the loss - but no-one believes in gold itself. That is demonstrated by no-one wanting to invest in a basket of miners: after all, a careful pick of just one miner might do well, but if the price of gold trend is down, you are on a massive loser investing in a share that invests across a range of gold miners.

Happily, I'm a contrarian investor, so I'm topping up here as usual as part of my regular monthly investment in GPM. And I will keep doing so until the gold tide turns, and then maybe interest will increase and I'll stop having to have conversations with myself here and on GPM at LSE.

[kickstart] 30/10/2013 13:36

You Can buy these at under 40p and the last NAV was 49.93 crazy discount.Silver on a run today gold stronger.

[woracle] 29/10/2013 20:27

its not strange if the HUI has only bounced 17% off the summer lows :) Not that different from GPM, 13% off its low.

[weyweyumfozo] 29/10/2013 19:16

Strange how the HUI's near 40% bounce hasn't registered here. Also, it seems like a larger than usual gap between the share price and NAV.

NAV 49.93
Valuation date: 25 October 2013

[stevieweebie2] 22/10/2013 20:46

Mozy, I spat that at the last false dawn a couple of months back.....

[mozy123] 22/10/2013 19:58

What about the dummy lol?

[mozy123] 22/10/2013 16:09

$1900 gold probably lol!

[wizard7] 09/10/2013 20:46

I have criticised Maund for being a flip flopper before - what do you think about this analysis (he did a silver specific one but really the words are the same as the gold one here with just the name of the metal changed).

hxxp://www.clivemaund.com/article.php?art_id=68

[wizard7] 03/10/2013 21:22

Mozy - great - provided he's right. If there is more down side to come the gearing will slaughter it.

[mozy123] 02/10/2013 11:26

hxxp://citywire.co.uk/wealth-manager/gold-to-hit-2000-within-a-year-bets-fund-chairman/a706590?ref=wealth-manager-latest-news-list

[weyweyumfozo] 19/9/2013 08:20

I'm back in too.

[drewz] 19/9/2013 08:19

Indeed. But this stock seems so far off the radar, reeling in that discount may take some time. The excitement will be mostly in junior PM producers, I expect.

[techtrend] 19/9/2013 08:15

Got some more first thing for 42.5p

[techtrend] 19/9/2013 08:14

These are still ~20% discount to NAV (taking into account the 10% rally on the HUI y'day) so a bargain IMO. I expect that gap to close as confidence returns to the gold sector with rising prices...

[drewz] 19/9/2013 07:15

2014 should see gold through $2500 and silver through $70.

2015? Who knows! There is one heck of a mess coming down the track in financial markets once the Fed loses control of the bond market.

[drewz] 19/9/2013 07:06

"The 10-Year T-bond went from 1.4% to 3%, and that made Mr. Bernanke panic. The average on the 10-Year yield is 7% in the modern era since 1971 when US closed the 'gold window.'

So, if the average is 7%, and the United States of America, this once great land, can't (even) tolerate a 3% yield on the 10-Year Note, that means the Fed can never unwind QE.

So the Fed is trapped. They cannot significantly bring down QE. That means a perpetual increase in the Fed's balance sheet.

That (also) means an inexorable rise in asset bubbles like stocks, bonds, and real estate, and it's going to end (very) badly."

The dozy markets will catch on eventually that the FED is stuffed. Gold will fly.

$85 billion of crisp new dollars injected into the system this month and every month, as a minimum, for ever more.....

Hyperinflation beckons.

[mozy123] 18/9/2013 21:37

Will this day go down in history to when the Fed lost control?

[stevieweebie2] 18/9/2013 20:42

Lol Wiz
I was waiting for you to post, I will be in at 8.00 for another couple of k's worth, cannot believe that I wont be rewarded within hours.

[wizard7] 18/9/2013 20:34

If this bigger doesn't move tomorrow I'll be annoyed. If it doesn't move by this time next week I'll be amazed and out!