Golden Prospect Precious... Share Discussion Threads

[washbrook] 19/5/2010 13:19

For those who like info with regards to the Gold Bullion ETF that this Investment Trust owns:-

[washbrook] 19/5/2010 06:55

Currently euro?$=1.22145-FTSE1005227(6.34am)
Germany bans short selling.
Should be an interesting day.
The destruction of the reserve currency.

[jimbo55] 18/5/2010 22:02

'Relative' being the operative word there! ;)

[washbrook] 18/5/2010 20:18

8.15pm
The euro fell to a fresh 4-year low versus the dollar and U.S. 1.219- Treasury prices extended gains late Tuesday as reports about Germany banning some short selling and an accelerating decline in U.S. stocks gave traders more reasons to flock to the relative security of the U.S. dollar and government debt.

[washbrook] 18/5/2010 12:16

BIG RISE IN NAV reported by company for 14.5.2010:-Golden Prospect Precious Metals Ltd announces that the weekly estimated Net
Asset Value per ordinary share is 80.10p as at 14 May 2010.
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updated:-

[washbrook] 18/5/2010 12:11

flips I was trying to buy more today but alas they have moved up to 72pask
If you look on the NCIM web site for cyn I noticed they have added in reports
an interesting report.
EDISON:

[flips] 18/5/2010 11:58

?...larger discount? ..and thanks for your swift reply.

[washbrook] 18/5/2010 11:54

flips.
Of the two I prefer GPM .
I bought in 10000 lots from 54p on 1.4.2010 to 17.5.10 at 69.7p.
Gpm there is no stamp duty so thats an added benefit.
Cyn I have purchased these from 23.1.2009 at 80.5p including costs.
I sold a lot on 12.2.2009 for 5.89% profit.
Big mistake I had to buy them back again in May 2009 at 127.6p.
If you look at this table below CYN is trading on a 21.5% discount(source Sharescope I alter them when the official NAV comes in from the company which will be later today for 14.5.2010)
GPM trades on 7.5% discount(source Sharescope)
The latest fact sheet for end of April 2010 figures show a big rise in the month for GPM.
CYN have increased their gold holdings.



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Here you can see the latest news and fact sheets:-

[flips] 18/5/2010 11:42

Washbrook - I am looking to enter either GPM or CYN. Which do you prefer? The choice seems to lie between a mixed bag of commodities or a pure gold/silver play.

[washbrook] 17/5/2010 10:21

Bought another 10000 this morning.

[washbrook] 17/5/2010 08:50

CLICK GRAPH TO ENLARGE
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[washbrook] 16/5/2010 08:51

Will have to watch the EURO carefully on Monday 17.5.2010 a break below 1.22 will be very worrying.

[washbrook] 15/5/2010 09:52

I read their report-
Money bags-

[jimbo55] 14/5/2010 15:27

Thanks washbrook.

[washbrook] 14/5/2010 14:42

Jimbo55
The NAV I have started adding on my Google Documents page.
I now use Sharescope Fair Value NAV
A week ago for Friday close I used Company data.
The annual report should have been published in April that would give a better idea of the full portfolio.
The monthly Fact sheet should be out within the next few days giving the top 5 holdings.
The ones I have been updating are for End of March 2010.

[jimbo55] 14/5/2010 12:42

Very curious about what the NAV of this IT will be when it is reported later today. Will it have narrowed, or will it still be at something like 14.5%. Time will tell. ;)

[washbrook] 14/5/2010 11:58

GOLD in EUROS hit 1000 for the first time today.
Gold in sterling 859.

[washbrook] 12/5/2010 14:54

12.5.10@20.18 hrs
All 4 stocks up.
Red Back+2.86%
Eldorado+2.27%
IamGold -0.46%
Semafo+3.93%
Silver Wheaton +2.14%
GOLD$1242
Gold£838
Gold Euro984euros
I am surprised at the NAV on Friday 7.5.2010 for GPM
I thought it would be higher than 71.47p
With £gold well up on the week to 7.5.10
The NAV is at least 75.5p now.

[washbrook] 11/5/2010 21:11

A NEW PM
D.CAMERON
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At Wall st close
All 5 stocks up.
Red Back+3.72%
Eldorado+9.21%
IamGold +3.76%
Semafo+10.95%
Silver Wheaton +7.81%
GOLD$1234
Gold£825.61
Gold Euro972euros
GPM
Should have a good day at the opening on Wednesday.

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CLICK GRAPH TO ENLARGE

[wolstencroft] 11/5/2010 20:30

Is there another thread for this. Some good core holdings:

Symbol Name Change
RBI.TO
RED BACK MINING INC.
1.24 4.61%
SLW
Silver Wheaton Corp Common Shar
1.67 8.72%
EGO
Eldorado Gold Corp Ltd Ordinary
1.57 9.70%
SLW
Silver Wheaton Corp Common Shar
1.67 8.72%
IAG
Iamgold Corporation Ordinary Sh
1.82 10.21%
SMF.TO
SEMAFO J
0.67 10.49%

[washbrook] 11/5/2010 14:59

At 2.56pm All 5 stocks up.
Red Back+2.68%
Eldorado+3.53%
IamGold +3.76%
Semafo+5.63%
Silver Wheaton +3.74%
GOLD$1221.7
Gold£821.88
Gold Euro959euros

[washbrook] 11/5/2010 12:27

closing prices 10.5.2010
Top 5 holdings(price at 7.5.2010)
IamGOLD $17.83($17.67)
Silver Wheaton $19.20($18.44)
Eldorado $16.18($116.02
Semafo $6.39($6.38)Canadian $
RedBACK $26.88($25.01)Canadian $


All in original currencies not converted to £

[washbrook] 10/5/2010 08:22

I knew the markets were oversold but am I dreaming GPM up 4.5p.

The US $ index weakening.

Are we going to get a recovery or are we still in a secular bear marke.
The key to watch is the US$ index.

[washbrook] 06/5/2010 22:16

I have made a table of 5 top holdings and updated values from 31.3.2010 to 6.5.10.
I have converted the share price movements from EURO to sterling all except Iam Gold which is converted from Canadian $s .
Also taking into account currency movements.
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