Share Name Share Symbol Market Type Share ISIN Share Description
Golden Prospect Precious Metals Limited LSE:GPM London Ordinary Share GG00B1G9T992 ORD SHS 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  3.20 5.1% 66.00 1,445,913 15:20:13
Bid Price Offer Price High Price Low Price Open Price
65.00 67.00 67.50 62.80 62.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.02 -0.51 15.78 4.2 38
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:30 O 106,261 64.50 GBX

Golden Prospect Precious... (GPM) Latest News (1)

More Golden Prospect Precious... News
Golden Prospect Precious... Takeover Rumours

Golden Prospect Precious... (GPM) Discussions and Chat

Golden Prospect Precious... Forums and Chat

Date Time Title Posts
14/8/202020:03Golden Prospect Precious Metals Limited2,667
13/8/202016:24Golden Prospect Precious Metals Limited :GPM1,122
17/3/201610:27Golden Prospect Precious Metals Limited7
16/7/201212:54GOLDSTOCK PORTFOLIO-Golden prospects184
24/9/200909:01GOLDEN PROSPECT -traded on IOB market-

Add a New Thread

Golden Prospect Precious... (GPM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-08-14 16:15:0064.50106,26168,538.35O
2020-08-14 16:07:3166.0010,7577,099.62O
2020-08-14 15:28:2866.187,5414,990.63O
2020-08-14 15:23:0265.044,6993,056.23O
2020-08-14 15:16:1566.18263174.05O
View all Golden Prospect Precious... trades in real-time

Golden Prospect Precious... (GPM) Top Chat Posts

Golden Prospect Precious... Daily Update: Golden Prospect Precious Metals Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker GPM. The last closing price for Golden Prospect Precious... was 62.80p.
Golden Prospect Precious Metals Limited has a 4 week average price of 54.60p and a 12 week average price of 41.40p.
The 1 year high share price is 73.70p while the 1 year low share price is currently 23.40p.
There are currently 57,029,305 shares in issue and the average daily traded volume is 1,369,523 shares. The market capitalisation of Golden Prospect Precious Metals Limited is £37,639,341.30.
kenmitch: I've invested in Investment Trust (and shares) warrants and subscription shares since the days when there were hundreds of them. Many proved to be as good or better than GPSS but that's just btw. Going by the posts here it seems for some this is their only experience of an Investment Trust with subscription shares as well, so some of the well meaning and worried posts are wide of the mark. 1. It's unlikely that the subscription shares are a reason for the recent disappointing share price performance. The subs have not prevented the share from tripling this year. 2. re Stever73's point about "holders of the subs needing to find an extra £10 million." True... but this has always been the case at expiry time for sub shares. BUT remember, those who just let the sub shares lapse and those who sell the sub shares ahead of expiry date don't need to find ANY extra cash. 3. I'm no expert on this next bit so happy to be corrected, but my understanding is that the market makers might well end up with a lot of lapsed sub shares on their books. They will have the hassle of exercising to get the full value or presumably also let them lapse and hope the trustee exercises lapsed subs. successfully. 4. Market makers probably don't want to be left holding too many sub shares at expiry so they might mark GPSS down to way below what they are worth as expiry date nears. BUT that's only a concern for the sub price. It should not be a concern for the share price. 5. Some here are focusing too much on the gold and silver prices instead of THE key thing to watch which is how the GPM portfolio is doing. Fact is that their main holdings have under performed the gold price and when I looked just now unfortunately that was the case so far today. The gold price is UP again but most of their top 10 are down again. 6. There are no conspiracy theories beyond the above to explain the disappointing recent share price performance. It's mainly that recently their portfolio has not joined in with the big gold price rally. 7. I haven't checked to see if that reflects some poor selections in the GPM portfolio or whether gold and silver miners across the board have disappointed recently. 8. Share has actually done very well and the discount to NAV has gone. 9. Don't worry! If NAV increases so should the share price, but with the proviso that most investors big and small might now have all the shares and sub shares they want. In which case the share might start to underperform NAV performance. After all THE big buy opportunity for both share and sub share was a while ago. 10. Performance of their top 10 is volatile but sometimes on up days there are some very big %age gains. Hopefully some more BIG up days are ahead. And if they are the likelihood is that if GPM NAV goes up, so will the share price. So with a fair wind for gold and silver there's a good chance there could be a lot more fun ahead for both GPM and GPSS, though with GPSS going up (and down!) faster.
goldoak: Agree - but why now? Surely if you were looking to take profits you'd have done it a couple of weeks ago before the big PM surge and there was much clearer and obvious value in the GPM share price. Taking profits now makes no sense. Also where are the buyers? When the value of a companies assets is increasing and the share price is decreasing I am nervous.
steve73: Going back over the past 2 years or so comparing the %rise in GPM share price to the % rise in the price of gold suggests there was more like a 5-6x relationship from the earlier (lower) starting point, reducing to closer to 3x over the past month. e.g. at a recent GPM low in late Dec 2018, GP-$1330, GPM 17.5, the prices have increased by 49% vs 294% (ie. 6x) Going back further, using a start in 2016/17, the GPM share price has actually increased LESS than the GP. I've not looked at the Silver price nor the $/GBP but these will have relatively minor impacts. But looking forward from here, I'm assuming GPM will move 3-4x GP, and the subs will be around 3x that, so if the GP reaches say $2200 (by end Nov), them GPM would be c. 100p and the SS c. 50p. At $2300 GP; GPM 111p (60%), and SS 65p (225%)
kenmitch: The lower NAV is the best one to base the NAV discount on as that’s the one assuming the sub shares are exercised. Requests not to mention the subscription shares here from someone highlighting the possibility of the shares going up to 80p makes no sense. That’s because anyone who genuinely believes that should also buy the subscription shares. Then the 60% gain from here that poster was keen to highlight would translate in to a subscription share price 5 times higher than now! So what’s the problem with highlighting that exciting prospect? Also assuming King-Baller is right and within a few weeks NAV is at 80p and current NAV discount reduces to, say, around 76p, then the share price would be 50% higher than now, and GPSS would be worth 30p which is 4 times higher than now. So £5000 in the shares would give £2500 profit. And £1000 in GPSS would give a bigger £3000 profit. And even just £500 in GPSS would give a very useful £1500 profit. So even those like King-Baller who don’t want to see posts on GPSS here might think it worth a small punt on them. Even £300 would give a £900 profit if share really does have a chance of reaching 75p. For now that’s guesswork but assuming gold continues its good run, good gains for both share and sub share are likely. BUT there is obviously the risk of the share falling again, so that if not selling in time, GPSS would be worthless. There is no risk of that with the shares. So it is unwise anyone risking more than they can afford to lose on the subs. btw... most posters on the GPSS thread would know this already, so no,point posting it there. Here where some don’t know is more appropriate.
papillon: Spot on today, sunshine! Gold is currently back over US$1780 again! Those who took advantage of today's GPM price drop, well done!! The GPM share price will soon be over 50p again, phoebusav. Maybe even on Monday! Why are you so worried about today's drop in the GPM sp, phoebusav? After all the ones that will have lost out are those that sold today, whereas the gainers will be the ones who bought today. You can't be a day trader because if you were you wouldn't choose GPM as a share to day trade, so why worry in the very short term if the discount to NAV widens? In fact it's a good chance to top up, if you've the cash and buy some cheap shares. Because as sure as eggs is eggs if the gold price rises quickly in the near future that discount to NAV will surely narrow and could even turn into a premium to NAV (as has happened in the past with GPM when investors believe the gold price will continue to rise and quickly).
kenmitch: I invested in warrants and subscription shares when there were hundreds of them at one time. They were a superb way of low risk investing in that sometimes just £500 in the subscription share gave the same upside as £10000 in the share and only £500 at risk compared with £10000! One year in the 1990s every warrant at least doubled and most multi bagged. Sadly few cottoned on to them and GPSS are almost the last of them. Yes. A risk form has to signed even though many junk AIM shares are often riskier! Just answer yes! A negative is that the only way to be sure of getting full value for them is to exercise. I.e take up the offer to swap your sub shares for the shares instead at the guaranteed 47p (from memory) exercise price. Sometimes if just trading the sub shares they do go to quite a big discount near to expiry if the market makers don’t want to be lumbered with them. I.e the sell price can be significant less than they are worth. Another way round that is to sell them a few weeks ahead of that end of November expiry date. Yes.The spread is often wide, but quite often both buys and sells are inside it as they were today. And if they go up the gains can be so fast that the spread is more than covered in no time. Key point is that a much smaller investment is needed to get the same upside between now and expiry date than if investing in the share. Also because the share price is low it is not that expensive to exercise. e.g 20000 sub shares exercised at expiry would cost £9400 and 10000 £4700. Brokers shouldn’t charge to do it. GPSS would be great fun if the share really takes off. e.g 50% share gain to 70p and GPSS will be worth 23p and nearly 4 times more! And that full value is available if exercising. But the downside is 100% loss if not cutting a loss earlier if share is below exercise price at expiry time. Finally. Subscription shares CAN be held in ISAs. Warrants are exactly the same but if called a warrant they can’t. That’s regulators!
kenmitch: keya5000 Yes. But trustee expenses will be taken out of the price AND bear in mind that the trustee will be exercising (i.e converting) a LOT of sub shares in to GPM itself, so may have to do that at a discount. So on balance it is best to sell the sub shares ahead of sub share expiry date. BUT it’s likely the sub sell price will go to a discount (I.e perhaps a good bit less than what they are worth) as expiry date nears, and if market makers don’t want them on their books. IF fans here are right with their 70p share price target, then even if risking the trustee or if deciding not to do that and just sell the sub shares, holders should get at least 18p. That’s 150% more than the price now, compared with about 55% for the share. So OK risk/reward if 70p target price but fairly marginal at less than 60p. The sub shares are fully valued at current 7.5p buy price. Also note that GPM are now giving NAV for if the subs are exercised and a higher NAV price if they aren’t....i.e expire worthless. That’s because exercising the subs decreases NAV but that is not a worry in advance of expiry AND if the subs are exercised GPM get £millions new cash.
kenmitch: GPSS can be held on an ISA. 92p share price target would be ambitious. Good chance of 60p. That would make GPSS worth 14p. A trustee will be appointed to exercise lapsed sub shares IF they finish worth something. So any buying now can hold them until expiry date and let them lapse if sell price is too low. Very risky though. If share price Under 47p at expiry 100% loss on GPSS. But they can be bought and sold at ant time, but sometimes the spread is wide.
ohisay: EK aka Simon Cawkwell today. I bought 100,000 Golden Prospect Precious Metals (LON:GPM) a couple of days ago at 28p. As readers may know, the portfolio contains some zinc and silver mining interests, but it is mainly gold. Net asset value is currently c. 32.5p. Management fees do not now contain a performance related uplift. As far as I am aware, this small closed-end investment company, based in the Channel Islands, is unique on the LSE. Further, capitalised at just £17m, it has no institutional following even though it is professionally managed by people who know and specialise in gold mining shares. The chairman is Malcolm Byrne, whom I have known for thirty-five years. I hazard the guess that the share price should be at a premium to NAV and expect it to go that way if the gold price gets going. It is not sensible to show a price target but, should gold go to $2,000 or more, the share price will go past 100p without blinking. I bought a small 15k at the same time for the same price.There is no doubt the leverage to an escalating Gold price is substantial.That there is currently a smaller historic discount to asset value doesnt seem to me to be material if the Gold price is on a tear.
dogberry202000: 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,
Golden Prospect Precious... share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Golden Pro..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200814 23:55:27