By Nigel Somerville | Thursday 29 October 2020
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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…
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