Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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@Mathsman Appreciate your reply. You sound like well informed person as well.
Thanks again, Let's see how it pans out. I am more inclined to booking a small loss (if it need s to be) rather than waiting till last moment.
Perhaps I'm getting cynical as I age but this ran up to c26p when gold peaked above $2000 and the MM's could profitably unload their books as buyers flooded in.
With the deadline to subscribe at the end of Nov now approaching they may well not be keen to buy back having already made some nice profits.
potential buyers will also be aware of the deadline and many will not want (or be able to) stump up the 46p a share.
Best hope is gold back above $2000 before then.
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As i understand this is dependent on GPM, and looking at GPM underlyings they all have been performing very well recently. Is there any other driver which is not letting GPM move?
Likes of West African Resources and MAG Silver are having good run. Any ideas
The system used here is that anything above the mid price is shown as a buy and anything below registers as a sell. This won't be 100% accurate as different MM's will be quoting different prices.
To see actual buys and sells you need to register with (and pay) a site that gives actual deal information.
Just purchased 17,282 shares through my Equiniti account , showing on LSE as a sell ?? , novice to this , but enjoy the fun , can anybody tell me the reason for this?? showing time as exactly when I executed , 13.16.58 ??? mystery
Not through Halifax, but I did have to acknowledge it was an investment for sophisticated investors on II.
Perhaps you can invest in GPM using Halifax, less volatile.
Does anybody hold here that trades through Halifax? It says they no longer allow investment in this share...!
Usually with compdities forward price is higher than present callef a contango curve, at the moment the opposite is true its called a backeardatipn curve only evet happened briefly 2008. What it means is people want gold now as they dont trust cash. Fireworks soon. Excuse typos, on a trip round gower, if what i expect happens ill be able to afford Gower.
85p for GPM that is LOL.
Well Scout, since gold passed $1921 and silver accelerated towards $30 the mining sector has flatlined with GPM actually dropping 9% below the rest of the sector today creating an opportunity to get back on board for additional upside. With Gold and silver at these levels I would have expected the underlying assets to have moved such that GPM was already at 85-90p, yet here we are at 65.5p. The situation is quite unreal to say the least. All the best.
10 days to get a response things are looking up here. If we have 30p rise in gpm whist gold rises $250, then if gold gets to $2250 by Nov then Gpss should be valued at circa 50p. Of course gold could fall with gpm price, but just as likely to be$2500 or more. Still a very clever bet on gold in my humble opinion, a little bit sorry I top sliced at 16p now, but old habits die hard.
30p
Considering this has been in the biggest risers over the last couple of weeks, I’m surprised it hasn’t attracted a few followers. Never mind as long as gold continues to rise and so does Gpm, then theses will rise at 4 times Gpm. As we approach subscription time price will reflect the in money price could be 30 to 50p by November, we lucky few.
And with plenty of time to triple up or more , thinking of breaking my rule to have no more than 5% in subs I’m up to 15% since I bought initially, so I should top slice, but these are like crack, so I’m told(that’s crack, I know how good these are)
If you buy Gpm at 55 and it goes up say 20 by nov you’ve gained about 40%. If you buy Gpss at 7 p then the price would rise about 400% or an 8 fold increase over Gpm. Alternatively if the Gpm share price drops below 47p by November the Gpss price is zero. It’s a leveraged gamble but in my opinion worth it at the moment Gpss shares are worth about 9p so you get all those months rise for free. Ultimately comes down to gold price as Gpm are a investment trust based on gold miners, albeit a very successful one. As always do your own research check out Gpm.
You have bought the right to buy the shares at 47p until November.
After November your rights lapse if you’ve not bought which you wouldn’t do if the price is below 47p.
You can sell your rights in the market anytime until November.
If you didn’t understand this you shouldn’t be buying.
This is confusing me and I wonder if anyone can help? How does this work.
It looks like if I buy now at 7.5p I instantly lose 25% because of the spread!
Is this normal?
I understand if GPM goes up (which I expect) returns can multiply quicker here?
But if the GPM price is below 46p in November I lose everything?
People are talking possible ten baggers here but how does that work?
Why would the price shoot to 75p from my purchase at 7.5p? Presume this is something to do with the calculation in November somehow?
Do I need to hold until November or can I sell anytime if price moves up quickly?
Thanks for any help.
Been in subscription shares for years and never seen a negative time component. As it stands teeth are worth 13p but they’ve got TIL November before final subscription price is known. If you think gold is going up and most commentators think so then Gpm will probably be in 80 to 100 p price range given a gpss price of between 34 to 54 p. As I stated earlier best prospect of a 10 bagger I’ve ever seen.
GPM is up 3.2p today and GPSS only 0.85p. Given that GPM is now above the GPSS conversion price, every penny on GPM should roughly translate to a penny on GPSS. GPSS has some serious catching up to do. Could see 10p+ today IMO.
Huge volume building up.
It’s like having your own personal bulletin board. Don’t know about under the radar these appear to be subterranean. Was hoping these could drop to 3ish to top up still believe has the best odds to 10 bag of any penny share. Anyway it’s either a million £ house in Mumbles for me or a hole in the ground covered with a sheet of tarpaulin, would be like a palace to me.
Posted on ggp the almost ridiculous bet on here 50 50 bet with possible 10+ to one win, not sure why they aren’t queuing up here. Still all you can do is lead the horse to water. Seems almost too easy to make money here, takes all the fun out of it, back to Alm to make it a bit harder - not!!
Recently bought into Gpm along with several Gold producers and prospectors, as I believe Modern Monetary Theory MMT or Magic Money Tree, will inevitably cause unprintable assets to hyper inflate. Having studied GPM I realised it is greatly undervalued, ditto GPSS, with what I estimate to be a leverage factor of up to 100. Time will bear me out I believe, anyway good luck holders should be well in the money by June and minting it TIL November. one word of caution, a major fall in the market might temporarily affect all shares, including gold, this will only last a short time and these shares might just retrace to very low levels, I will be ready if and when this happens to load up seriously.
Pivotal day here, NAV heading above 50p looking at the main holdings moves today, gold flying.
10p here next week?
40p by Mid Summer?
Quite right. Gold about to break out of a long consolidation with USD all time high not far away. Already at all time highs in almost every other currency. Reckon the price action here is going to be stunning.