Golden Prospect Precious... Share Discussion Threads

[mozy123] 12/1/2017 11:00

Any thoughts on "metal x" a tin miner as number one position in this portfolio?

[davebowler] 12/1/2017 10:50

Net asset value as at 10.01.2017 of

Golden Prospect Precious Metals Ltd

(TIDM: GPM):

NAV-bid........... : 50.99 GBp

[davebowler] 09/1/2017 15:31

Net asset value as at 06.01.2017 of

Golden Prospect Precious Metals Ltd

(TIDM: GPM):

NAV-bid........... : 49.40 GBp

[davebowler] 05/1/2017 12:18

Net asset value as at 03.01.2017 of

Golden Prospect Precious Metals Ltd

(TIDM: GPM):

NAV-bid........... : 46.95 GBp

[chinese investor] 27/12/2016 13:43

Professor Pinocchio (GRM) 13 Oct '16 - 21:13
I have a modest holding bought in two tranches at 47.21p and 46.5p.

Professor Pinocchio (GPM) 15 Aug '16 - 21:12
Bought a very small amount last week for inclusion in my ISA, but will be topping up regularly between 50-55p.

[phoebusav] 20/12/2016 11:28

There seems to be a discrepancy in the price action of GDXJ between its London and US listings since the last GPM NAV update on Friday. If we use the LSE listed version of GDXJ as the benchmark the GPM NAV should be around 38.25p now. With larger discounts on dips I reckon 28-29p is about right for this now. However, as this is close to 30p and 30p is a significant number we may see that hold unless gold falls further. Best of luck.

[highly geared] 19/12/2016 19:37

Gpm trades 15-20% discount to NAV ,which is currently 40p.
If gold bottoms around these levels then this won't go much lower. No point buying though until gold/ silver direction known.

[phoebusav] 19/12/2016 19:33

GDXJ moved significantly lower since Friday session. This should be around 27-28p now by my reckoning.

[phoebusav] 15/12/2016 15:21

Quite how this has held up so well today is beyond me. GDXJ now down 11.8% since yesterday's LSE close. This should be below 30p by now and potentially heading a lot lower.

[mad foetus] 15/12/2016 14:29

At some point GPM will be a great buy, and this is definitely one I keep on my monitor, but I suspect I will next buy at around 10p with a 50% discount.

[professor pettigrew] 06/12/2016 15:24

For anyone left who doubts the gold market is rigged, and that gold is on the cusp of a smart move upwards, then read and digest the attached article.

Then get yer buying boots on.

[luckymouse] 28/11/2016 13:08

GPM approaching a key level - no divergence yet

[professor pettigrew] 24/11/2016 22:38

So the discount is now over 20%.

Very oversold. Gold is also oversold.

I stick to my $1500 target for summer 2017.

[dogberry202000] 24/11/2016 21:56

Absolutely!

[dilbert dogbreadth] 24/11/2016 16:35

That drop today was a gift but I had no spare funds to buy.

something to be said for keeping some funds available.

[dogberry202000] 24/11/2016 16:29

With some many issues in their spread across Australia and Canada I think they do a good job overall. The fall in the asset price of GPM has been nowhere near as bad as the falls in the precious metals markets. The management have chosen some great PM stocks to hold. I like Klondex and First Majestic. The management is proactive and tends to get in on fund raisings in really good prospects, for instance, with Americas Silver and top slice stocks that have run too far. I would prefer that they did not hold Tahoe Resources and Continental Gold and I don't know much about their moves into some of their newish Aussi stocks. You can't have everything but they are active and the spread appears to be a good hedge against severe losses. I own some of GCL, too. Again, they've got some magnificent holdings, ready for when the Uranium market takes off. "You really do have to be in it to win it."

[joy division still] 24/11/2016 15:20

I'm long term holder of this PM Investment Trust (very small %)and it should, on paper, be ideal as a 'safety/diversification' stock to my portfolio. I generally try to avoid single Co's and much prefer Inv Trusts to help spread risk. However, everytime i re-visit this to top up I'm disappointed in the management choice of the fund. In all honestly I just think it's a poor IT. Any views on this aspect of GPM (rather than Gold price)

[phoebusav] 24/11/2016 14:05

I agree, but timing is key. Glad I switched to the copper sector on the Trump victory. ATYM, WTI and co doing very well. Think long Cu and short Au still makes sense a while longer. Copper about to break the Nov. 11 spike high.

[dogberry202000] 24/11/2016 14:01

It's sad to see several holders sell here when GPM will do very well after this cycle low. New highs are ahead of us and substantial ones at at, in the first half of next year.

[phoebusav] 24/11/2016 14:01

Still looks too soon to get back in here. Miners still dropping. Another 3 weeks or so till last Obama Fed meeting. Almost certain they will raise rates. Gold will continue to fall at least till then IMO. GLA

[bamboo2] 18/11/2016 09:24

$gold Death Cross imminent.*

* = where 50sma crosses down 200sma

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