Headed for spectacular gains! I expect at least a fifty percent increase in the monthly distribution this summer, but a one hundred percent increase could be justified. The Schedule of Investment Portfolio as at December 31, 2015 which can be found in MMP.UN year end financial statement shows the list of gold and silver stocks held by the trust and the value of the stocks as of December 30th, 2015. As of today most of the stocks in MMP.UN portfolio have doubled or tripled in value.
As stated in the Precious Metals And Mining Trust 2015 Annual Information Form:
The Trust shall, consistent with its investment objectives set forth above, endeavour to make monthly cash distributions to be paid on, or before, the 15th day following month end. The Trust will annually determine and announce each July an indicative distribution amount for the following 12 months based upon prevailing market conditions and the Manager’s estimate of distributable cash flow for the year.
I believe that management will increase the distribution to shareholders by 50 - 100 percent this July, 2016. That is my forecast if the list of mining company shares remain at the present level. I consider this recent run up in gold and silver to be just the beginning of a major bull run and if that is correct then my my present forecast for the distribution to shareholders will have to be increased accordingly. When Management announces the distribution this July the MMP.UN share price should really take off as trading volume increases. MMP.UN will no longer be a relatively unknown investment. I believe that MMP.UN will be trading above $6.00 by year end and shareholders will be receiving a huge distribution each month.