UK 09:33 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Fully-listed investment in Gold companies (and other precious metals) Golden Prospect (GPM) announced the final result of its subscription rights exercise last week. Out of around 17 million rights to subscribe for shares at 35.94p, approximately 7.7 million were taken up, leaving 9.3 million up for grabs, and left for the trustee to see to exercise or sell, if appropriate (after costs). In the end, that second part was abandoned – with the shares at or around 36p to sell, it wasn’t worth it. So it is bad news, right? I’m not so sure – in fact, I think it is good news.
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