Share Name Share Symbol Market Type Share ISIN Share Description
Golden Prospect Precious Metals Limited LSE:GPSS London Ordinary Share GG00BD05Z551 SUB SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.50 0.00 07:49:07
Bid Price Offer Price High Price Low Price Open Price
1.00 2.00 1.50 1.50 1.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.50 GBX

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Date Time Title Posts
28/2/202019:25Golden Prospect Precious Metals Sub shares31

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Golden Prospect Precious... Daily Update: Golden Prospect Precious Metals Limited is listed in the sector of the London Stock Exchange with ticker GPSS. The last closing price for Golden Prospect Precious... was 1.50p.
Golden Prospect Precious Metals Limited has a 4 week average price of 1.45p and a 12 week average price of 1.45p.
The 1 year high share price is 8p while the 1 year low share price is currently 1.45p.
There are currently 0 shares in issue and the average daily traded volume is 19,035 shares. The market capitalisation of Golden Prospect Precious Metals Limited is £0.
jonnyboy1: Only mugs buying these. Need 51% increase in the underlying in 11 months just to break even! Less than 40% increase you lose the lot. Whats worse is the dilutive effect of the warrant on underlying NAV post 46p makes that climb even steeper. You will see that as we get closer as the diluted NAV will be printed too. Granted if the GDXJ doubles in that time frame, ignoring the accretive dilution, you might get 66p on the share price here so that would give you a 400% gain from here. So roughly on underlying movement. <40% Lose the lot 50% Break even 63% Make 100% 100% x 4. But go ahead fill your boots note also large holders like me of GPM wont want to be diluted so we will rotate out at 48p heavily, should it come pre Nov, providing some stiff resistance through increased discount to diluted NAV. Which is why even on a big day like this only small PIIs have picked up 10ks worth from very happy sellers and the bid drops 10% on 1ks worth of sells. IMO you would be far better of with a CFD or SB at 3% carry. Rant back as you will no doubt do to defend this toss but you will simply show your ignorance. I will ignore it. Good luck though ;)
riverman77: They effectively give a highly geared exposure to GPM (approx 6x at current price), but with a high risk they expire worthless (i.e if GPM price fails to rise above 46p by Nov 20). However if GPM rises to to say 100p (not impossible if we have a proper gold bull market) then they'd increase to 54p, which is a roughly 8 fold increase on current share price of around 6.5p. A more modest rise to 60p, and they'd be worth 14p, so you'd roughly double your money. Hopefully that gives some sense off the risk/reward trade off.
kenmitch: Stoneme. To keep it simple:- 1. These subscription shares give investors the right to buy Golden Prodpect shares at 42.3p on November 30th this year people or 46.14p at end of November next year. IF that investor wants to. That is the case whether the share price is £1 or, say, just 20p. 2. Investors do not have to do that. They can buy and sell the subscription shares themselves at any time up to the end of November next year. 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. 4. So IF the share does very well the sub shares have far more upside. But if share does not do well, then the sub share will end up worthless, but the sub share can be sold before it drops to zero. 5. Finally at Nov expiry date next year, investors holding the sub shares can let them lapse. A registrar is appointed to exercise sub shares still being held at expiry date, but relying on the registrar can be risky. Better to exercise if wanting to switch to the shares (assuming the share then is higher than 46.14) or sell the sub shares ahead of final expiry date. I hold some, but they are a gamble. Is a big gold/precious metals rally likely? If confident that IS likely then the subs will be a great way of playing it.
Golden Prospect Precious... share price data is direct from the London Stock Exchange
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