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
  0.00 0.0% 47.50 351,949 14:49:30
Bid Price Offer Price High Price Low Price Open Price
47.00 48.00 48.00 47.50 47.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.02 -0.51 15.78 3.0 27
Last Trade Time Trade Type Trade Size Trade Price Currency
15:29:57 O 5,273 47.07 GBX

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Date Time Title Posts
26/11/202013:17NCIM - Golden Prospects P M - GPPM186
26/11/202012:26Golden Prospect Precious Metals Limited2,954
05/11/202019:06Golden Prospect Precious Metals Limited :GPM1,135
17/3/201610:27Golden Prospect Precious Metals Limited7
16/7/201211:54GOLDSTOCK PORTFOLIO-Golden prospects184

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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 47.50p.
Golden Prospect Precious Metals Limited has a 4 week average price of 45.75p and a 12 week average price of 45.75p.
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 1,072,270 shares. The market capitalisation of Golden Prospect Precious Metals Limited is £27,088,919.88.
12string: Taking comments from Kenmitch, Podgyted and Noirua on board ... I agreed with their points and so what looks to be happening and will probablly happen is: 1. Gold price weakness gives GPM holders reason to sell and if they have subs shares, it's a no brainer to sell GPM. So yes, for GPM to fall to 46 makes sense. 2. There will be a significant number of people electing to let their GPSS shares lapse - fear of a continued gold price downtrend. Big falls of most miners today. 3. So the trust manager (I've not seen anything about a trustee) has the option of converting and selling (within 14 days) the "lapsed" GPSS shares. If he can't sell at 46.14 or higher, he's not going to realise a loss. So the won't convert them. If he can make a profit on the convert/sale, he's committed to return the net profit to the shareholder. Either way converting/selling "lapsed" GPSS shares provides no extra cash for the trust. Whatever convert to sell activity happens, there need to be buyers. So can't see the share price getting much above 46.14p unless there's a recovery in the gold price before mid Dec. Adding shares but not adding cash for the trust is a waste of time, it generates no cash for the trust and extra shares dilute the share price They'll only convert/sell if there's a significant £££gain and out of loyalty to shareholders. The way things stand, and assuming gold takes a few weeks hovering just above $1800, the selling should stop if the share price drops much below 46p. After conversion, the share price will be somewhere between Thursday's GPM & GPSS NAV's, IMO probably much closer to GPM's NAV. That will help GPM after all this is over to recover a bit. That's my feelings, FWIW !!!!
kenmitch: arbus5000 The trustee just needs to exercise lapsed Subscription Shares, and it doesn’t matter at what price. As long as they succeed GPM get the £millions of cash resulting. It makes no difference to GPM whether they exercise at 49p or 60p. So the trustee is not likely to hang around hoping for a higher price. As long as their costs are covered and they get the job done and GPM get their cash, that to them is all that matters. Because they are exercising so many sub shares the trustee sometimes have to accept a price well below the quoted sell price at the time. e.g the GPM sell price might be 52p and they might have to take 48p leaving little or nothing for the holders of the lapsed sub shares after trustee expenses are taken out. It CAN work the other way. e.g the Vietnam Holdings share price soared just after their last set of warrants had expired. I had let mine lapse and ended up getting a much higher price via the Trustee than I would have got I had sold the warrants at a discount ahead of expiry. But a worst case was with a warrant that finished well in the money and yet somehow the trustee made a mess of exercising and both the Trust and holders of lapsed warrants missed out. So the trustee route is risky. If able to afford to, and if fairly hopeful the share price will recover soon, then exercise as many as we can afford to and then sell the shares as and when to realise the profit (or loss if share goes down!) is a better way. At least that way the investor is in control. And just let the subs we can’t afford to exercise lapse and risk the trustee, or sell the remaining subs at a discount.
toffeeman: Peeps sell gold to meet margin calls. I think this is going to be a tight call at the end of November. I expect to see the discount to NAV (with all GPSS converted) to widen and potentially discourage conversion of the subs. I think one has to go by the quoted NAV with the view that it will narrow at some point and so the actual GPM share price needs a close eye.
ultrasharp: Today's drop in the Gold price is reminiscent of the big fall back in March when everything dropped on virus fears. Investors are selling everything on virus fears irrespective of whether it makes sense, or not. The gold price quickly recovered and started on it's stellar rise. I think that will happen again. That is why the GPM share price has held up today. Others also expect that to happen. Could also be good news for GPSS.
ultrasharp: hTTps:// Well, for what it's worth, shareprophets is very bullish on gold and GPM. What the GPM share price really needs is for different world to start posting his bullish ramps again. 😂
papillon: Hopefully we get a bullish pennant continuation pattern something like this: free stock charts from It makes me laugh when I think of what some on here were predicting by now for the GPM share price and the price of gold around a month ago. Super optimists!! LOL.
papillon: melody9999. atlantic57 has kindly answered the question you directed at me. See post 2670 on this GPM bb and post 382 on the GPSS bb. Basically the GPSS subscription shares are DRAGGING DOWN the GPM NAV by a significant amount because the subscription price is much lower (around 46p) than the current GPM share price. When those GPSS shares no longer exist GPM will have a lot more money to invest, but it's at the expense of the GPM NAV and hence share price You can think of GPSS shares as EQUIVALENT to a large rights issue by GPM, but at a very large discount!! I tried to buy GPSS (back in June I believe?), but my online broker made me fill in a form first asking whether I had any recent experience of buying risky financial instruments, such as warrants. I answered truthfully NONE so my broker wouldn't buy them for me. If I had lied they would have purchased GPSS for me. Sometimes it doesn't pay to be honest!!
papillon: Many thanks, atlantic57 and GreenRichard, for your kind comments. I was thinking of stopping posting on here, but if you find my charts and chart analysis of some use I'll carry on. Unfortunately I had to use the December gold futures chart. Couldn't find a suitable spot gold chart on advfn. The futures charts for earlier than December were unsatisfactory. I was surprised to see that the gold chart has been bullish for a long time. There was a "golden cross" (50 day EMA going above a rising 200 day EMA) on the chart over a year ago. free stock charts from We could see a bullish "pennant" form on the gold chart in the short term. A worse case scenario would be a bullish "flag" since that would mean that the gold price would drop further from here. Below the intraday low of 7 trading days ago. Here's a chart showing a possible bullish flag pattern forming. I can't imagine that happening, but who knows. free stock charts from I'm hoping we get a bullish pennant pattern forming as in this chart. free stock charts from A word of warning. The contents of this post are just guesswork on my part. Please don't base your investment decisions on my charts. I've been lucky so far with my chart based predictions of the direction of the GPM share price since I first bought at 26p at the start of April, but my luck might be about to run out.
papillon: Hopefully a pennant forms, similar to the guesswork trend lines I've drawn on the 1st chart. It would be a shame if a bullish flag forms instead of a pennant because that would imply the GPM share price dropping below 60p and down to circa 55p (albeit only temporarily). I'm only guessing based on what I've seen previously when looking at charts. Charting is not that precise. It's trying to predict the future based on the past. The only saving grace is that history has a habit of repeating itself.
papillon: You're spot on atlantic57. Both gold & GPM are consolidating. Taking a breather. The uptrend will continue because the fundamentals for gold remain very positive. I could easily be premature with my "guess" that a bullish pennant is about to form on the GPM chart. Only time will tell. free stock charts from Meanwhile, for what it's worth, the Heiken-Ashi chart is still bearish, but that could soon change. free stock charts from I suppose I ought to look at the gold chart seeing that the gold price ultimately determines the GPM share price via the shares held in the GPM portfolio. I'll do that over the weekend.
Golden Prospect Precious... share price data is direct from the London Stock Exchange
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