Big discount for a gold mining fund as gold nears 1800$USHard to figure PME trading at under 3$ , never mind $2.73 with the NAV of the holdings nearing 3.20. Not sure why peeps are buying up financial splits and the likes at BIG premiums , many of those not paying, and likely wont be in 2020. Here is a gold mining fund, that hasnt missed a beat paying, altho they did cut the divvy at the end of 2018, reducing it from .025 monthly down to .015.
I suspect before the fall the dividend will get hiked again, and then perhaps we will begin to see PME trading near its NAV or maybe even a premium.