Precious Metals and Mining Trust T.MMP.UN

Bidding War for GUyanna Goldfields

[Tad]

Another bid came in for Guyanna Goldfields today, with a nominal value of $0.90 / share, surpassing the April 27 offer made by SilverCorp MInerals at $0.60. 


https://goldxmining.com/wp-content/uploads/2020/05/2020-05-11-GLDXNR-Gold-X-to-Merge-with-Gran-Colombia-Guyana-Goldfields-Final.pdf



For reference, news release of the earlier SilverCop Metals offer :

https://www.silvercorpmetals.com/news_and_media/news/silvercorp-metals-to-acquire-guyana-goldfields-creating-a-diversified-precious-metals-producer


At least MMP.UN is getting "some" value back for this holding, last reported as  3.15% of the fund's holdings,  or roughly 2,416,556 shares on April 30. ...... too bad the overall average price per share paid for GU.TO was in the $2.30 range ....


NAV for MMP.UN dropped a bit today, should be posted around $1.855 per unit as of close of trading this afternoon .


GLTA !