Golden Prospect Precious... Share Discussion Threads

[killary cunton] 05/9/2017 21:03

When gold goes mainstream a lot of investors will prefer an IT than individual stocks and this will trade at a premium to nav not currently as it is a discount.

[phoebusav] 05/9/2017 15:02

Silver punching new highs this afternoon and gold doing well too. I notice GDXJ is also approaching nearly 2% up as well this morning. You could always try JNUG if you're a psycho which I think is effectively GDXJ with 3x gearing.

[wskill] 05/9/2017 13:34

North America is as safe as it gets not Africa that is for sure. Ok small miners take time to recover it's been a bear market in their neck of the woods for some time.CEY in Egypt not sure if it is better than Africa director has been selling for some time now and Egyptian as well. With present discount GPM is well worth present price of insurance for my portfolio.

[joy division still] 05/9/2017 10:57

I've said before that I dont understand this IT. Small gold miners (reduced risk of single mining disaster) mainly in North America & Oz( so little political risk). Seems ideal Gold hedge............. until you review the actual history of the share. It's shocking, 1 year - 20%, gold up 3% both in GBP

Once again I'm looking for a reason to 'protect' against Trump& his mate Kim, and once again i can't bring myself to buy this. Can anyone offer a positive view?

PS I already hold HOC & CEY which both seem miles better for long term hold / defensive

[davebowler] 04/9/2017 10:56

Very interesting article on www.silvershortsqueeze.com

[wskill] 04/9/2017 10:31

Cannot say Gpm is an expensive hedge against a market upset on the contrary it's well undervalued at the moment. I would expect it to move to a premium to net assets not the large discount as weve have at present. I have increased my holdings in precious metals to 25% of my portfolio.

[davebowler] 01/9/2017 16:51

Net Asset Values per share as
at: 31/08/2017

The unaudited net asset value (NAV) of the company
is noted below in pence per share.

Pence per share
Golden Prospect Precious Metals Limited 43.27

[wskill] 30/8/2017 17:49

42.86 p on 29th 5% increase from previous.

[davebowler] 30/8/2017 14:19

Net Asset Values per share as
at: 25/08/2017

The unaudited net asset value (NAV) of the company
is noted below in pence per share.

Pence per share
Golden Prospect Precious Metals Limited 40.67

[dingo75] 29/8/2017 18:07

interesting stock.
clearly au broken above $1308. see how the week goes - i can see GP springing up with a good wind behind it.

[llef] 29/8/2017 17:25

yep, 700k shares is a whopper! tomorrow's NAV print should be interesting.

[phoebusav] 29/8/2017 16:55

Second highest daily volume in the last 9.5 months. Looking good.

[phoebusav] 29/8/2017 15:48

And not far off being the second highest volume day of 2017.

[llef] 29/8/2017 15:27

the bid offer is 34 - 34.5, but i just tried buying 5k shares and HL were unable to retrieve a quote for me (could sell 5k for 34.12)

the volume today is almost 500k shares, so maybe MM are short of stock?

[phoebusav] 29/8/2017 10:24

And last time gold price was this high GPM was in the 42-58p range. Plenty of miners on the move this morning.

[llef] 29/8/2017 10:15

and now up to 314k shares today.
gold making further progress too, so its looking positive... for a change!!

[phoebusav] 29/8/2017 09:17

Indeed. GDXJ did nicely yesterday while we were closed. This looks like the best entry point in ages especially in the run up to the US debt ceiling deadline in a month. If gold or the miners move any higher this will suddenly start to surge as the NAV-SP elastic looks ready to snap.

[llef] 29/8/2017 08:59

quite a lot of volume traded today too - 170k shares traded by 9am

[ohisay] 29/8/2017 08:23

Looks like a perfect falling wedge pattern setting itself up for a breakout upwards.

[llef] 29/8/2017 08:19

SPGP (big gold miners etf) is up nearly 4% today.
gold has broken out too.
GPM NAV was over 40p at last reval - if the above levels hold, then should be near 42p at cob today!

[dogberry202000] 25/8/2017 00:18

We are likely on the verge of a major rally in precious metal stocks. GPM could outperform over the next several weeks. Next stop $1320 or so, gold.

[eeza] 23/8/2017 16:31

You need to hate your wallet to buy this.

[stevieweebie2] 23/8/2017 16:03

yeah Lol indeed, selling fivers for £4 now lol.