Member Info for Phoebus

In auction it seems with chunky buy at 1p.

I have a feeling the Fed will step into the market again this afternoon and starting pushsing crude and stocks back up, which will accelerate this further.

Good chance this will be today's biggest riser.

Take your seats ladies and gents.

And rise BIGLY! Company saved from collapse = BIG RISE!

Boot removed from throat. 2p incoming ASAP.

Same here. GPM is the second biggest faller in the PM sector. GAL down the most at 12% and then ARK at 5%, both illiquid tiddlers. Shows what a farce today's drop in GPM was. Thanks for the cheap entry. Gold down a whopping 0.7%. Panic! Panic!

Well said. That CNR move is ridiculous. Not even a producers and only about £1.9M in net current assets yet almost £60M market cap. Where's the mine funding? LOL. When is first production? Ages away. GDP, ALTN, AAU, CNG, SRB all in production and all with lower market caps.

Bye.

Looking strong.

Oops! Wrong board.

A £2K purchase by a director.

2025? Get real fool. JOG have a big pile of cash and no need to raise for a considerable time. Obviously you forgot to buy before the price rocketed. Didums.

Go do some research exzess. JOG already have a chunky pile of cash. Net current assets per share is around 60p.

We have price breakout.

Less than 10% of all the world's gold and silver mining stocks are listed on the LSE and most of the best ones are listed overseas in Canada, America and Australia. For silver in particular, there are only two silver miners of any note on the LSE, FRS and HOC, so if you want to invest in silver mining you have very few options on the LSE. Many UK investors don't have access to overseas markets so vehicles like GPM offer an excellent means for UK investors to gain exposure to the best companies in the sector. Even if you are able to buy foreign listed shares, don't be surprised if you are stung with nasty currency exchange fees every time you buy or sell. As GPM is denominated in Sterling there are no such costs in gaining exposure to these foreign listed shares.

3% is less than the spread on most AIM listed gold mining stocks. If you want to research the stocks yourself, trust your own judgement not to pick dogs and are happy to pay the dealings costs to manage a myriad of positions then fair enough. However, unless you really know how to pick good mining stocks and are willing to have a sufficiently diversified selection to mitigate alpha risk it would be sensible to put the majority of your gold sector investment in a vehicle such as this.

Whole host of PM stocks are up 15-20% plus over the same time frame. It's pathetic.

Mr Bond, I quite agee. Gold and silver broke out on Friday yet this 'geared' dollop pretty much just sits there.

https://www.dailymail.co.uk/news/article-8331139/Nicola-Sturgeon-says-Scotland-start-easing-lockdown-end-month.html