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GPM

Golden Prospect Precious Metals – clarification/correction re NAV per share discount, but BUY the subs...

Shares in fully-listed Golden Prospect Precious Metals (GPM) are now down to 56p to buy (55.5p mid) and if you are a gold-bull, bearing in mind the most recent NAV per share of 67.91p as of last night appear to be a very strong buy...except for those subscription shares (which I hold, for the avoidance of doubt), due for conversion at the end of next month. It looks as though the resulting NAV post-subscription will be lower as a result, but although I am talking my own book, the Subs themselves are now just 6p to buy and look a very interesting play for they are now essentially option money...

By Nigel Somerville | Published 2020-10-29 15:41:14 |

Golden Prospect Interims – a seasoned Gold Bull speaks

Without being too rude, Malcolm Burne – Chairman of fully-listed Golden Prospect (GPM) – has seen it all before during a long career involved in gold. This morning Golden Prospect announced its interims to June which showed a 63.6% increase in net assets and a 54% increase in net assets per share – not bad for six months.

By Nigel Somerville | Published 2020-10-21 13:27:14 |

Golden Prospect – Time to BUY?

I have no crystal ball, so shares in Malcolm Burne’s Golden Prospect (GPM) could fall further before going up again, but I am convinced that it is now an outright buy.

By Nigel Somerville | Published 2020-09-24 16:19:45 |

The View from, over my gold pile, at the Montana Log-Cabin……Yawn!

If you are invested in big players on the Nasdaq or the Dow Jones it has been an interesting week so far. I say “interesting”, but it is in the Chinese sense – others might view it as worrying. One minute they are crashing, the next they are up sharply. The fear has to be that we could be about to head sharply south but there are enough buy-the-dips investors still around….for now. Gold, on the other hand, is caught in a range of around $1900 to just under $2000 per ounce.

By Nigel Somerville | Published 2020-09-11 10:18:16 |

Golden Prospect Precious Metals – a buy?

Shares in closed-end investment company aiming to provide investors with capital growth from a portfolio of companies involved in the gold and precious metals sector Golden Prospect Precious Metals (GPM) reached over 70p last month but have since fallen back and are now at a 65p offer price. With, we consider, top-quality management and the gold bull further to go we now recommend a buy here...

By HotStockRockets | Published 2020-08-25 08:52:24 |

Golden Prospect Precious Metals – a gold buy

Gold is still up from around $1,300 a year ago and current uncertainty and economic responses look to create a potential perfect storm for precious metals ahead. We believe this is a geared, but lower-risk way than most, to play it… The sell off of gold in the past week is a dash for cash to cover trading losses elsewhere. But that will not last and you MUST have gold exposure.

By Tom Winnifrith & Steve Moore | Published 2020-03-21 09:49:59 |

Video interview from Gold & Bears - Golden Prospect Precious Metals

My old pal Malcolm Burne is involved with this company and this interview with the manager of Golden Prospect Precious Metals (GPM) is quite interesting at a macro as well as a company specific level.

By Tom Winnifrith | Published 2015-12-24 02:00:42 |

Zak Mir's Bull Call Of The Day No.2: Golden Prospect: Bull Flag Reversal

As is evident on the daily share price chart of Golden Prospect (GPM) going back to the summer of 2014, this is a share which had until very recently been battered quite badly by the bears.

By Zak Mir | Published 2015-10-29 03:35:15 |

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Recent Comments

WELL INFORMED7 Oct 2026

Thinking of Israel and the awful events of October 7 2023. May their innocent souls rest in eternal peace.

Tom Winnifrith Bearcast No 2: It’s October 7 tomorrow and Britain sickens me again & why there is no Kenmare read across

MICHAEL MCKENNA7 Oct 2026

I'm up 14.4% in two months. Looking solid with the strong possibility of jam tomorrow.

Tom Winnifrith Bearcast No 1: Amaroq day

MICHAEL MCKENNA7 Oct 2026

Ironically it is Farage's Brexit that opened the floodgates to small boats. The UK was bound by the Dublin Convention until we left it in 2020 as a result of Brexit. In 'taking back control' we ended up where we are now. I have a feeling that the next general election will be heavily influenced by a campaign to rejoin the EU, the elephant in the room.

Tom Winnifrith Bearcast No 2: It’s October 7 tomorrow and Britain sickens me again & why there is no Kenmare read across

COLINS27 Oct 2026

:-)

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TOM7 Oct 2026

got the pricing from AI, v much doubt there are any high class UYLs operating in Wrexham

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COLINS27 Oct 2026

You seem to know an awful lot about the pricing of Ukrainian young ladies.......The subject comes up more and more these days, is it 'book early' and avoid the Xmas rush?

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KUSSSB7 Oct 2026

Held since 91p, added @ 109. Very positive cast Tom, gold prospects, story changes weekly, you cannot ramp that.A good win for Evil, enjoy dinner with wife!

Tom Winnifrith Bearcast No 1: Amaroq day

PHIL55666 Oct 2026

As 19,451potential terrorist invade this country, it is OK that is down 40% on last year.The police turn up and escort them to their 3 star hotels with 3 meals a day some pocket money and lawyers and doctors and dentists.I have not looked but imagine their is not a Jew amongst them.Probably very few christians.Though more Muslims to vote Green and Labour and join protests.The police can do nothing but turn a blind eye to the grooming and rape gangs and protests.If you are white and you throw a plastic bottle at the police you can expect 2 years within days of the incident.Such is the UK, the political elite are building.

Tom Winnifrith Bearcast No 2: It’s October 7 tomorrow and Britain sickens me again & why there is no Kenmare read across

PHIL55666 Oct 2026

My 2000 AMRQ is not enough to compensate for my 2,000,000 KEFI. Though I am glad I bought some AMRQ.I like dividends, so look forward to even a small payment in the near future.

Tom Winnifrith Bearcast No 1: Amaroq day

TOM6 Oct 2026

My answer is that it is not necessary to consider hypothetical questions merely to know a little history. But folks on the left rarely know history other than the history of colonialism and white oppression learned in Black History Month.The Roman Empire did not borrow money, for a while it engaged in fiscal prudence spending what it could raise via taxes both on its own lands and on those that it colonised.But the demand for panes et circuses grew, the ancient equivalent of the welfare state and the BBC and worse still the costs of supporting a bloated military grew and eventually Rome engaged in MMT, it printed money or rather cut and cut the amount of silver in each coin. It worked for a while but then as folks realised that more coins chasing the same amount of hard assets caused inflation. And that caused societal breakdown as inflation always does as the gap between those with hard assets and wage power and those without grew. As always happens that leads to civil war and or societal breakdown ( see Weimar, 1600s England, etc).Inflation encouraged speculation rather than investment and distorted any idea of making a return on capital via hard work and so the economy floundered. Economic weakness and societal breakdown destroyed the Roman EmpireThat Lucian is why MMT is not just a duff theory but it is something that is proven not to work.

Win a bottle of champagne from Lucian Miers MMT contest