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BNY Mellon Strategic Municipal Bond Fund Inc V.DSM


Primary Symbol: DSM

BNY Mellon Strategic Municipal Bond Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The Fund ordinarily invests all of its net assets in municipal obligations that provide income exempt from federal personal income tax, and has adopted a fundamental investment policy to invest, under normal market conditions, at least 80% of its net assets in municipal obligations. The Fund may purchase floating and variable rate obligations, municipal derivatives, such as custodial receipt programs created by financial intermediaries, tender option bonds, and participations in municipal obligations. The Fund invests in various industries, including transportation, education, medical, airport, water, power, utilities and multifamily housing. The Fund's investment adviser is BNY Mellon Investment Adviser, Inc.


NYSE:DSM - Post by User

BNY Mellon Strategic Municipal Bond Fund Inc > This is an ugly mess. I am so underwater on this deal.
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Comment by Yepnewpapyon Jan 05, 2022 12:36pm
166 Views
Post# 34285656

RE:This is an ugly mess. I am so underwater on this deal.

RE:This is an ugly mess. I am so underwater on this deal.Yes it's dead money for now and until March
So far the Ministry of Mines produced no evidence to sustain their decision 
Most likely the monkeys running the Ministry had a buyer for the concession but DSM screwd them with a court decision not allowing the Ministry to sell the EPL to a trird party.

Sooner or later the Ministry will have to reinstate the EPL to DSM

While waiting for the BS to end, CEO Pierre Leveill is very active to acquire another project in a  better jurisdiction.

Until then there is an opportunity to buy the cheap stock.
Personnaly I'm bidding 0.055@ 
At that price it's the price for a clean shell with money in it and no liabilities.

GLTA 
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