Golden Prospect Precious... Share Discussion Threads

[brucie5] 08/12/2018 21:08

Specto, fair point. Though against that, we've got a discount to assets.

[creme de menthe] 08/12/2018 18:10

For anyone to be down 50% in anything is quite miserable. Unfortunately GPM has invested in smaller companies which have fallen harder than the big boys. Looking at the charts, 17p does seem to be a capitulation point but personally I am not going to average down at the moment until the US announces it will stop raising interest rates and the dollar starts to fall. Both of these factors heavily influence the gold price.

I'm in at 32p by the way.

[spectoacc] 08/12/2018 15:44

@Brucie5 - the issue is less gold etc, it's about GPM's choices within the gold space.

Of course, it's also about hugely disproportionate costs/fees, caused in part by the shrinking market cap. Was over 4% last I looked, ie if everything stayed flat, you'd lose 4% p.a.

[brucie5] 08/12/2018 13:05

I don't hold any ETFs. Only real shares, I'm afraid.

[tykethat] 08/12/2018 12:48

Heres a question
If you were holding a Gold ETF and GPM roughly 50-50..... would you be tempted to sell some or all of the ETF and switch into GPM?

[tykethat] 08/12/2018 12:46

Sorry if I depressed anyone yesterday!
If its any consolation 18p has always been a very good buying signal in the past and POG is rising if anything...... having said that I have said to myself on numerous occasions "surely these cant go any lower"!

[steve73] 08/12/2018 02:52

32k @ 45.75 average... and that included an average down... don't ask..!!
(although that doesn't include the "free" GPS shares...)

[brassgemini] 07/12/2018 16:32

I have 45k shares too and my average is 25 so perhaps I should be happy compared to some of you.......Still wished I talked some advantage of the 24/10 action and sold part of my position that day...greed is an awful thing

[stevieweebie2] 07/12/2018 16:18

Volume certainly picking up and its at long term low so certainly not the time to panic but I wont be topping up lets put it that way. GLA

[stevieweebie2] 07/12/2018 16:16

Edit.
My average is 38 lol, seems I forgot my last average down.still showing 53% loss ATM.
anyone better that :)

[weyweyumfozo] 07/12/2018 16:14

If POG can clear $1,250 and stay above it, would that improve things?

[stevieweebie2] 07/12/2018 16:11

think my BE is 43 and Im in for 45k shares, been in this for years now waiting for the prospects to come Golden FFS, ive averaged down a few times.
Yes I know a fool and his money are soon parted but jeez ive not had many chances to bale.

[brassgemini] 07/12/2018 15:51

The two words I should have listened to were "stop" and "loss ;-) Maybe before I reach 70 this heap of junk will bear some fruit .....nuclear war? World Famine? Trump second term?

[tykethat] 07/12/2018 15:36

My life would be so much better if I had never heard the words "Golden" and "prospects."
Never have two words been joined so incorrectly!!!

[brassgemini] 07/12/2018 15:01

I agree why has the NAV slipped so much.....very troubling and thinking of bailing at least part of my position

[spectoacc] 07/12/2018 14:39

A port in a storm, when markets are volatile. No, wait - NAV slips under 24p, despite weak £, despite reasonable gold. PoS.

[brassgemini] 29/11/2018 16:36

37k shares at 16.5.....WTF

[dogberry202000] 29/11/2018 16:25

PM shares along with other commodities are still bottoming and it may take another week or two for this to complete. Several underlying holdings of GPM are mostly at or around their lows for the year. I see it as a bargain here that will do well from early next year. It's worth looking at a long term chart to see what happened when GPM last touched these lows in late 2008 and 2015.

Looks like capitulation today. And tomorrow?

[stevieweebie2] 29/11/2018 16:22

BrassPlz tell me when you find out. Sat on decent losses for the last 3yrs now and still waiting lol.

[brassgemini] 29/11/2018 15:09

17.5k shares at 18.05...when is this going to bottom !

[brassgemini] 21/11/2018 14:06

Volume is very low despite the high volatility off the last couple of days :-(

[brassgemini] 17/11/2018 10:15

Thanks dogberry.....Im holding my 35,000 shares ...Im an optimist even if every time I read this thread its a bit like listening to 3 wheels on my wagon

[dogberry202000] 13/11/2018 17:18

What usually happens with gold and silver is that the great majority always get it wrong. There's a large number of people who think gold will fall to $1140 and some think it will go lower than that. Very few think we are around the bottom with an undercut in the miners here. There's some work left to do with the GPM share price before Christmas but there's no reason to dismiss several weeks consolidation around here and a good rise across the sector and GPM's holdings after that.

The Dollar is key. The big funds have exploited concerns over Brexit and and other issues within the EU. The trade wars have been an added factor. You either think the Dollar will gain strength or begin to fall around here. i think the Dollar is flaming out here,

[brucie5] 13/11/2018 10:42

Well from a chart perspective this looks like the bottom again - so not a time to be selling. But who knows. I've just got rid of my HOC holding, though it's a quality company, because the chart is suggestive of lower, and it's been much lower before. I also hold FRES, and of course, GPM.


Someone posted a link on HOC bb. suggesting that pms would fall much lower. It's always been a guessing game as to where capitulation lies. Jim Rogers is a secular bull, but says he can't tell over what time scale.