Golden Prospect Precious... Share Discussion Threads

[phoebusav] 21/7/2020 14:12

GPM still lagging the rest of the sector today so GPSS looks very cheap indeed.

[kenmitch] 21/7/2020 14:00

keya500

You’re right. A trustee will be appointed to exercise lapsed sub shares. Leaving it to the trustee can be risky, but better to post why again nearer the time. So if investors want to they can just do nothing on expiry date.

Best option is usually to exercise as many as able to afford to.

And if deciding not to risk trustee then best not to sell at the very last minute as by then the market makers might not want them on their books then.

The really good news is the way the subs are flying today and, as 32Campomar has posted, with gold and silver flying too. So today could be another very good one for their portfolio.

[32campomar] 21/7/2020 13:50

GPM now 63-64p, so this should be an absolute minimum 17p to buy

[phoebusav] 21/7/2020 13:44

If you consider it reached $1900+ in 2011 and then factor in epic money printing this year plus everything that happened since 2011 I think it can go much higher than $2400. Moreover, it's still only twice the 1980 peak and the monetary inflation since then is beyond belief.

[highly geared] 21/7/2020 13:35

Golds value always stays the same ( other than demand/ supply for jewellery etc). It’s the amount of fiat paper in circulation that determines who much is needed to buy gold. It seems that confidence in paper is also a factor.

There is a direct relationship between M0 in US $ and the gold price since the $ came off the gold standard in 1971( as you’d expect).

To catch up, gold needs to rise to $2400.

[highly geared] 21/7/2020 13:32

Historic “ crisis” gold/ silver ratio is 12:1 ($150/oz). Silver is at its most undervalued relative to gold ever. Even at $40 the ratio is still 46:1. Silver needs to double from here just to catch up gold..

[sunshine today] 21/7/2020 13:26

Money making machine

Gold has real value.

Paper does not

[32campomar] 21/7/2020 13:23

Gold and silver flying, Gold August $1839, silver up 6%!

[phoebusav] 21/7/2020 13:09

I have a sneaky suspicion silver is headed to $25 in this current leg of the rally. If gold follows at 1:2 then gold $2000 looks imminent. Might even happen within the next week or two. Reckon there's a good chance GPSS is about to double.

[toffeeman] 21/7/2020 12:32

Green - it depends if you want to convert or not.

If you don't you just flog the subs

If you do and you don't have a spare £76k then sell enough GPSS to fund the GPM shares you want.

[noirua] 21/7/2020 12:02

Silver Chart:

[keya5000] 21/7/2020 12:01

Ken is the man to ask GR.

I believe from Ken’s earlier posts that they will if in the money be exercised by a trustee.

So likely you can let them lapse and still profit but it then comes out of your control.

ken is that right?

[greenrichard] 21/7/2020 11:58

As I understand it, if you don't sell before expiry, you would need to exercise the option on all GPSS owned or lose the value.

I now have 165,000 and I would need £76,131 to pay for the GPM shares at 46.14p.

Is that right?

[kenmitch] 21/7/2020 10:59

And trades are often well inside the spread, and the upside in the sub price soon covers that spread anyway. The spread was just as wide when I first bought at 3.7p and some bought a lot lower than that! Main negative is so few know about them. If they did buying demand would be far greater.....along wit the sub price.

Key now for fab gains is for gold and silver rally to continue. If it does good chance of a real bonanza between now and November. 80p share price with sub worth 34p no longer looks far fetched. Outside chance of £1 and 54p. Some of us are already very happy with the gains. It would be great if the precious metals rally continues.

[riverman77] 21/7/2020 10:43

I wouldn't worry about the spread as this really shouldn't be traded. Simply hold to expiry, at which point the discount will be automatically closed, and then switch back to GPM. Whatever happens you'll have locked in a gain compared to just holding GPM.

[32campomar] 21/7/2020 10:40

Silver in particular is flying at the moment

[keya5000] 21/7/2020 10:08

You can set up a monitor on ADVFN call it GPM stocks etc and that gives you the prices.

Takes ten minutes to do.

[greenrichard] 21/7/2020 09:49

It's worth following the Top Ten holdings as the GPM/GPSS price mostly lags by a day creating opportunities to buy. I use interactive investor and have the GPM holdings on a watchlist. Most have dual US and Canadian listings so have added both as unsure at to which GPM hold.

The other thing that has helped us marginally in the last few months has been the weakness of sterling to the US and CAD $ as I assume we are affected by currency risk.

[steve73] 21/7/2020 09:42

Just jumped again, now 12.2/13.4. That's covered the spread from my buy this morning... and still a bargain compare to buying GPM. (13.5+46.14=59.66, cf. 63.2p)

Our ASX shares were mostly up again this morning, and yesterday's rise of the Canadian stocks (some up over 10%) should put the diluted NAV up by more than 2p today.

[sunshine today] 21/7/2020 09:37

As predicted

Very little stock will push the shares up to par in the next few weeks.

[greenrichard] 21/7/2020 09:06

Phew - my deal for 40,000 shares executed at 9.01 for 12.5p.

Bid moved up to 11.7 and offer now 13p.

[greenrichard] 21/7/2020 08:31

Bid moved to 11.2 just after I posted. Can't buy in any quantity at the moment on ii for an immediate quote but stuck a fill or kill order in.

[32campomar] 21/7/2020 08:19

Gold & silver strong again, gold now ?1824 August

[keya5000] 21/7/2020 08:19

True spread is closer. Sell level is higher. They sold a good few yesterday that haven’t been reported and have had no sells since. Will likely move very soon.

I can see GPM 63p today at least so that’s valuing these at c17p in a rising gold/silver bull market.

So 40% discount for buyers. I can live with the spread.