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
  -0.50 -1.75% 28.10 159,652 16:08:25
Bid Price Offer Price High Price Low Price Open Price
27.20 29.00 28.50 28.10 28.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.14 -0.46 -14.90 16
Last Trade Time Trade Type Trade Size Trade Price Currency
16:18:42 O 8,620 28.9999 GBX

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Date Time Title Posts
26/3/202015:27Golden Prospect Precious Metals Limited1,518
17/3/202015:18Golden Prospect Precious Metals Limited :GPM1,086
17/3/201610:27Golden Prospect Precious Metals Limited7
16/7/201211:54GOLDSTOCK PORTFOLIO-Golden prospects184
24/9/200908:01GOLDEN PROSPECT -traded on IOB market-

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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 28.60p.
Golden Prospect Precious Metals Limited has a 4 week average price of 23.40p and a 12 week average price of 23.40p.
The 1 year high share price is 38.10p while the 1 year low share price is currently 18.90p.
There are currently 57,029,305 shares in issue and the average daily traded volume is 399,751 shares. The market capitalisation of Golden Prospect Precious Metals Limited is £16,025,234.71.
creme de menthe: It is exasperating that a 5% fall in gold price causes a 30% fall in share price.
wskill: Hardly a demanding share price a discount of over 30% to net assets still a good buying opportunity for me.
odsjp: Kenmitch - Many thanks for the explanation, one quick question if that is OK... If I purchase 100,000 GPSS at 6.5p then I assume the most I can lose is £6.5K if I do not exercise the rights and do not sell the GPSS early. Is that correct? Also if I buy say tomorrow then will the rights expire on 30/11/2020 and not 30/11/2019? How am I informed that I need to exercise my rights? I use IG? Would a broker normally send an email? With your example below and the share price is higher (lets say 60p). Would I have to purchase say the 100,000 ordinary shares at 46.14 (so would I need to fund my account with £46,140 to buy the shares and then to sell them at the higher price)? If that is the case then I have spent 46.14p +6.5p per share so I would only double my investment. Sorry for the basic questions but trying to understand the risk and what is involved with subscription shares. Thanks ods 3. The arithmetic is simple. If share price is 46.14p or lower, then the sub shares will end up worthless. If the share goes to 60p then the sub share would be worth 14p compared with 6p now. And if share goes to 70p then the sub share will be worth 24p.
sharestobuy: If gold continues to rise this could explode. Could get to at least double the share price from here
cf456: Depends on your timeframe. The share price is up sharply since the beginning of June and the last swing up from 19p or so to 27p shows how quickly the price can move with a bit of demand. If gold and silver continue to rise then there's potential for a good move here. The longer term chart shows just how rapid the rises can be when the conditions are right as they were for the moves up beginning in 2009 and 2016. hTTps://
kenmitch: Oooff. Subscription shares CAN be held in ISAs. I’ve held many in the past when the rule was and still is that subscription shares can be held in ISAs but warrants can’t. Since warrants and subscription shares are exactly the same except in their name that was daft. It probably isn’t worth bothering about it really as the sub shares are very overvalued thanks to being issued when the share price was much higher. So the chances of the subs going up much are small unless the share nearly doubles and the chance that they will expire worthless is high. I’ve still got my free ones in an ISA with ii but would not be remotely tempted to buy any more unless the share price goes up a lot.
king_baller: Creme de menche the trust’s NAV has actually gone up very slightly today. A lot predicted this week that gold could pull back a little, which it has. A few have panicked and sold out at a large discount. This is the best opportunity for a long time to go long gold and silver miners in my opinion. On a 12 month time frame I expect the NAV to more than double from here. The share price will follow, which, together with a probable closing of the discount, will lead to significantly more than doubling of the price. Just hold and come back in a year!
jonnyboy1: Sadly I think the discount will start to widen into the 40s as the dilutive effect of the warrants kicks in. Post 42p it will take 3p underlying to move the diluted NAV 2p. So ironically the leverage is undermined by the instrument.Given where we are in order to see gpss as good value over the underlying at nov19 you must expect a share price of well over 48p come nov19 so likely prediluted NAV in excess of c66p. Then realise you will need to pay to exercise as you likely won't be able to exit the warrants at share-price-42p. So nov19 not a very attractive risk reward.
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,
professor pettigrew: September to March is traditionally the best 6 months of the year for gold. Though not always. Just think for a moment, worldwide interest rates nailed to the floor - negative in some cases. Its reckoned that QE worldwide is running at £1m per MINUTE, 24 hours per day, seven days a week. But, of course, as we live in a digital and electronic world, that printed money isn't necessarily staying in the country it's created in. So, it follows that worldwide the money supply is expanding rapidly. The M4 money supply in the UK expanded at it's fastest rate for 5 years in the past quarter. Growth in anaemic, and central bankers are hooked on easy money to create growth. Eventually they will go over the top. They will expand QE too much. They will tip interest rates into negative territory in more and more countries. Finally, they will give serious consideration to "helicopter money" and one or two countries (most notably and probably Japan) will directly place newly created money into the bank accounts of the general populace. Remember, this can all be done at the touch of a button. Confidence is waning in paper (fiat) money. When all the above are enacted on at the same time, and with the cooperation and connivance of central bankers globally, that's when the gold price will start it's long ride upwards to $3,000 per oz or above. Isn't it strange that all central banks around the world are pining for inflation? Isn't it stranger that their target is the same figure? 2%. As with everything financial, overshoots occur on the upside as well as the downside. I believe by 2020 we will be presented with worldwide negative rates, massive and constant QE and sudden stagflation. That will be very difficult to control and will be the trigger for the massive influx of funds into gold. The best thing that can happen to gold is for it to fall over the next 3-6 months below $1250, and possibly below $1200. Let the central bankers have confidence that their policies are working. They hate gold. That timeframe will give investors here plenty of time to accumulate this stock at or below the 40p level for a number of months. When the golden worm turns, it will be sharp, sudden and severe. The idea of a £5 GPM share price won't look so fanciful after all.
Golden Prospect Precious... share price data is direct from the London Stock Exchange
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