Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
To generate above average capital appreciation of its investments through a selective portfolio of securities and other instruments in the precious metals, diamond and uranium sectors.
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is the Fed rate decision at 7pm tomorrow. If they fail to raise as seems likely given the awful jobs data we should see a breakout in gold and a major surge here to 50p and beyond. GLA
moving up nicely again today and GDXJ gold mining basket about to set a new 21 month high. Why on earth are folks selling?
Nice to see this share going up slowly without too much rumour around. This share has very good holding
http://markets.ft.com/research/Markets/Tearsheets/Holdings-and-sectors-weighting?s=GPM:LSE Some holding info here. In youtube there was also a recent interview to the ceo.
care to tell me how to access info on GPM ie what assets they invest in. Au ok I know but also Ag and Pt holdings and as mines or metal or both etc etc ......
just set new 1 month high ahead of Draghi at 1:30pm.
just set new 5.5 month high breaking above $16.14.
Excellent to see gold and silver shrugging off EUR rate cut. Gold $21 up from spike lows. GDX and GDXJ also moving up.
just hit 3 week high and very close to breaching 5 month high.
suspends issuance due to gold demand. http://www.zerohedge.com/news/2016-03-04/blackrock-suspends-gold-etf-issuance-due-demand-gold
GDXJ up more than 5% in first 20 minutes in US. :D
And there we go. A new 13 month high for gold. BLS shook out some folks.
13:30 BLS gold smash fails again. Gold already rebounding strongly toward multi month highs. Anyone selling in hope of a lower entry will be sorely disappointed IMO. Next stop $1307 within the week.
me too. can't all go to 0 can it?!
Price here,just got some more!
I sense a stirring in the silver markets , time to start loading up.
Hello Geckoman, no posts for nearly a year. Anyone else about? I have been investing in physical gold and gold ETFs for a few months as it seems to many that there could be an almighty crash coming. I have my doubts on that, but reckon gold could still be good this year. Was also looking for a precious metal miner to back but now think a company such as this with a wide portfolio of miners might be better. Noticed the rise here in the last few days presumably in response to the increase in NAV. Why is the NAV per share quoted so often by rns here? Is that normal with this type of company?
Since paying in the 60s (gulp) when I bought in last march, I've been adding every month at ever lower rates. I'm now in profit and things looking up for goldies. Glad I kept the faith and kept adding. Love being a contrarian and not following the herd. Hoping 2014 is the year gold miners make a big return. Gla.
Geckoman - this is looking very attractive now. Not sure we are at a bottom yet however the upside far outweighs the downside. The herd are making money at the moment but they won't see the fall.
I can't believe no-one is posting here or on LSE. Goes to show, gold is truly unloved, and this share must be the apotheosis of this hatred, with a NAV discount that is incredible. The last remaining goldies might have faith in the companies they are invested in or, in a more psycological sense, are too underwater on paper to want to sell and take the loss - but no-one believes in gold itself. That is demonstrated by no-one wanting to invest in a basket of miners: after all, a careful pick of just one miner might do well, but if the price of gold trend is down, you are on a massive loser investing in a share that invests across a range of gold miners. Happily, I'm a contrarian investor, so I'm topping up here as usual as part of my regular monthly investment in GPM. And I will keep doing so until the gold tide turns, and then maybe interest will increase and I'll stop having to have conversations with myself here and on GPM at LSE.
Bought more. Will keep adding a few hundred quid every month while pog is low. Drip feeding until gold eventually turns back up again. Invested here in solid miners that have cash to weather the storm, this is a bargain at discount to NAV.
Why so quiet here? Gold looking to move upwards after long consolidation, these are solid mainly producing companies in stable areas of the world. Would have thought board would be buzzing? Lots of trades so why do LSE members ignore? Anyone here? Thinking to buy a few more but would like to boune some opinions around...
Golden said such deferments were crucial in restoring the health of gold mining companies, especially when capital markets were difficult to access. The company added that investors had not favoured 'risk on' assets, preferring securities perceived as defensive. Golden said it had increased its weighting in quality producers in both gold and silver miners with good management teams. It has also taken its explorers' weighting down and is re-positioning the type of explorers in its portfolio to include only those which the company believes have a high chance of being developed or acquired by larger companies in the future. This was because gold exploration could become much more difficult to finance and the firm believes only projects which indicate high grades and low capital costs were likely to succeed in the future But the report struck a bullish tone on the outlook for the investor's chosen niche. "We believe that the macro-environment is very conducive for precious metals securities and hence have taken the opportunity of recent lower share price levels to increase our gearing," said Investment Manager John Wong.
Investment firm Golden Prospect Precious Metals saw its net asset value (NAV) plunge in the first half after shares in gold mining companies under-performed gold itself. The NAV of the company opened the year at 97.85p but was 77.67p at the end of June, a drop of 20.6%. However, the firm said it had since recovered, returning past the one pound level. Golden Prospect blamed the underperformance on a lack of capital discipline at gold companies and "the pursuit of a growth strategy at any price". "As a consequence, investors have expressed their disappointment and new Chief Executives have been appointed at five significant gold mining companies," said Chairman Malcolm Burne. The firm cited Barrick Gold, Kinross, Semafo, Centerra Gold and Great Basin Gold, which have all replaced CEOs. "I foresee greater focus on dividends and the shelving or deferment of expensive projects," Burne said.