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Nuveen California Municipal Value Fund Inc T.NCA


Primary Symbol: NCA

Nuveen California Municipal Value Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek current income exempt from both regular federal income taxes and California personal income tax. Its secondary investment objective is the enhancement of portfolio value. The Fund invests in municipal securities that are exempt from federal and California state income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. It also invests in inverse floating rate municipal securities. Its investment adviser is Nuveen Fund Advisors, LLC.


NYSE:NCA - Post by User

Comment by gwron Mar 31, 2016 2:33pm
98 Views
Post# 24716369

RE:You can see our future in T.AZ, same management group and

RE:You can see our future in T.AZ, same management group and There are certainly areas to be further drilled & I wouldn't at all be surpised to see an M&I of 8 million ounces from what I know from past work done on this property.  But don't under-estimate the large amount of work done to date on Castle Mountain nor the positive prior production history in 1990's as this would be a mistake.  This is a very advanced mostly permitted project with strong fundamentals and economics that has been caught up in a very poor market for years along with major infighting and major corporate changes the last 2 years, not a recipe for success ergo the very low share price and many shareholders left disillutioned and angry wanting this fixed.

I'm confident your correct that the new BOD and shareholder additions of legends to the story will get this highly undervalued asset back on track so am very pleased with these changes.  I also know the boys at IA who are major shareholders are very happy with changes as this has been a long developing story for them which started as the private company which I was part of and led to listing with deal changes along the way of what was anticipated to be a takeout target which had over 18 companies view the data room, then the market bottom fell out and there has been discourse ever since along with 8 or 9 research reports with price targets.  A real good story that never got it done before market crashed for these type of great stories, a common refrain in junior gold stories since 2013.

The good thing is this story lives for another day as I was always confident it would and I expect will provide great returns to patient shareholders and new investors as momentum builds which I'm confident it will.  Advanced stories with very good fundamentals can be turned rather easily when markets shift but stories that have added new people of the recent calibre here can really turn around and shock and surprise people who are watching & maybe waiting for signs.  I would argue the signs have already been revealed so don't wait long to buy.
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