Bullboard - Stock Discussion Forum Sentry Select Primary Metals Corp T.PME

Alternate Symbol(s): SPMLF

Sentry Select Primary Metals Corp. (the Fund) is a Canada-based financial investment company. The Fund invests in an actively managed portfolio consisting primarily of securities of mining and exploration issuers, with a current focus on gold issuers. The Fund’s investment objective is to provide shareholders with long-term capital appreciation, and monthly cash distributions. CI Investments... see more

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TSX:PME - Post Discussion

Sentry Select Primary Metals Corp > PME nav jumps again to 3.1493 UP over 3.27 % again

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Post by mouserman on Jul 03, 2020 9:11am

PME nav jumps again to 3.1493 UP over 3.27 % again

SO that means the NAV has gained over 23 cents in the last 2 sessions.
Share price has not kept up with the gains in NAV, and the discount grows bigger. Nearly 52 cent discount here now and that equates to right around a 16.5 % discount to NAV. Not sure why the discount is getting bigger as this precious metals market gains more steam.
I am a buyer at these levels and quite sure the distribution rate will be raised before September rolls around.