Precious metals sector companies investment business Golden Prospect Precious Metals (GPM) was added to the portfolio at a 27.6p offer price and has now announced 2025 half-year results noting a NAV up to 66.18p per share at the half year-end and that “given the backdrop, we believe that this is not the end of the bull market”. Indeed, a latest stated NAV is 83p per share on a diluted bid basis and the shares are 78p to sell.
I have been watching shares in fully-listed Golden Prospect (GPM) carefully. It is a current tip for me and my target is £1, or when the discount to NAV closes up. The shares are now 79.5p, last stated NAV (as of last Friday night) is 89.21p – so still a fair discount. But fully diluted NAV is only 82.34p and although Gold shares have still been rising, that discount is now getting small.
Reader D asks if I might be being too cautious with my tip-of-the-year, fully-listed Golden Prospect (GPM). Up from a tip price of 35.5p, the shares closed last week at 62.5p – a very tasty 76% gain and those who followed the tip from the previous Christmas at 28p are now over 100% ahead. Of course, it hasn’t all been plain sailing as I’ve been tipping this stock for longer than that and at higher levels. But I think now that anyone who followed me in is now ahead and I’m looking forward to my target of 100p be achieved, perhaps rather sooner than one might think. But am I being too cautious?
I tipped fully-listed precious metals investor Golden Prospect (GPM) in the ShareProphets Christmas tipfest at 35.5p. I also tipped them the year before at 28p and the shares are now a rather better 53p (back at where they were when I offered them as my pick for Easter) and threatening levels not seen for four years. So what is my view now?
Fully listed precious metals (mainly Gold) investor Golden Prospect (GPM) has done really well since I tipped it at Christmas 2024. It has done even better since my tip the previous Christmas. And I see it going much higher from here, but I stated that I had added a few extra as a trading position and with the shares now having reached 50p (my target for the trading position) it is time for me to offload that extra amount.
Precious metals sector investment trust Golden Prospect Precious Metals (GPM) has announced its results for the 2024 calendar year including that “the NAV rose by 20.4% from 35.81p to 43.10p” and that the overall “backdrop continues to support demand”. That is further supported by that the Net Asset Value per share was yesterday 61.87p, and suggests material further upside from a current 46p share price.
My two picks for 2025 were Ariana (AAU) at 1.95p per share and Golden Prospect (GPM) at 35.5p. Both Gold investments, it has been a game of two halves so far – one up and one down. Meanwhile, the yellow metal has powered ahead.
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.
Fully listed precious metals investor Golden Prospect (GPM) was my buy tip for 2024. At 39.25p per share, it is up a useful 40% thus far……and then there is that subscription issue shortly, at 35.94p. I’ve elected to take my shares, so fingers crossed I’ll get a nice bonus in a few days’ time.
With just ten weeks of the year remaining I see that fully-list investment company in Gold, Golden Prospect (GPM) is nicely up on my Christmas 2023 tip price of 28p, now at 41.5p – a gain of 48%. So should I play safe and take profits to spend on a new supply of Ouzo? Hell, no!!
Precious metals sector companies investment trust Golden Prospect Precious Metals (GPM) has announced results for the first half of 2024, noting a 15.64% Net Asset Value total return per share to 41.42p and outperformance of the gold price (+c.13% in USD and GBP) and of the gold miners’ Exchange Traded Funds (+10.1% and +10.8% in GBP) – and that “having endured three years where gold miners lagged the gold price, this may be the first tentative step in returning to their traditional role, of outperforming precious metals prices on the upside”. There is therefore very strong near term upside potential from a 38p offer price for these shares.
Precious metals sector companies investment trust Golden Prospect Precious Metals (GPM) has announced its results for the first half of 2024, noting a 15.64% Net Asset Value total return per share to 41.42p and outperformance of the gold price (+c.13% in USD and GBP) and of the gold miners’ Exchange Traded Funds (+10.1% and +10.8% in GBP) – and that “having endured three years where gold miners lagged the gold price, this may be the first tentative step in returning to their traditional role, of outperforming precious metals prices on the upside”. This tells you that there is strong upside potential from a current 36p offer price.
Fully-listed Golden Prospect (GPM), an investment trust in the Gold and precious metals sector was my buy tip for this year, at 28p. With the stock having closed last week at 35.5p, almost 27% ahead, the tip is doing just fine, although my ramblings from the Montana Log-Cabin would suggest I think there is plenty more to come as a loyal shareholder. So the shares are at the very least a great hold for me.
Tom Winnifrith discussed why Gold stocks are not even higher in yesterday’s Bearcast and set some possible price targets. I thought I would do the same, from my perspective as a Gold-loon. We have differing portfolios, but some shares are the same – time will tell who might be right!
Golden Prospect Precious Metals (GPM) has announced its results for the 2023 calendar year, noting a year-end net asset value per share of 35.81p and concluding that “out of favour gold equities appear a good hedge for portfolios at present, particularly with approaching elections in the US and also relevant for fund shareholders in the UK”. We suggest that is indeed so from a 30p share price, £25.7 million market cap, here.
Fully-listed Gold investment company Golden Prospect (GPM) has issued a subscription rights notice to shareholders who were issued rights last year. This company is a current tip from me (where I am a loyal shareholder): should the rights be taken up?
Precious metals equities-focused investment company Golden Prospect (GPM) has announced results for the first half of the 2023 calendar year, emphasising opportunity for investors as “the discount between the Net Asset Value and the share price expanded to 23%; the worst since the height of the market sell-off in 2020”.
Gold closed the week at $1913 – down from last week’s $1943 as it seems to be heading to test support again. And I am asked if I still see fully-listed Golden Prospect (GPM) as a buy, following a pretty awful period.
Gold finished the week at $1756, up a tiny smidgeon on last week’s $1751 but essentially unchanged in a week of little US economic data. Gold equities fared a little better and put in another new recent high to continue the run since late September.
Precious metals securities investment company Golden Prospect Precious Metals (GPM) has stated that it “is pleased to announce details of proposals to introduce an annual Subscription Right for Shareholders”. Is this good news?
