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MFS Municipal Income Trust V.MFM


Primary Symbol: MFM

MFS Municipal Income Trust (fund) is a diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax but may also consider capital appreciation. It invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds. These municipal bonds include debt securities issued by or on behalf of states, territories, possessions of the United States, District of Columbia, and their political subdivisions, agencies, or instrumentalities. The Fund invests in various sectors, such as hospitals, secondary schools, colleges, schools, and water and sewer utility. It has investments in areas, including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Guam, Hawaii, Idaho, and Illinois. Massachusetts Financial Services Company is the investment adviser of the Fund.


NYSE:MFM - Post by User

Bullboard Posts
Comment by northernbullon Feb 07, 2012 12:09pm
148 Views
Post# 19499837

RE: Results

RE: Results

Tower, all I know is that the boys met with Nova to discuss the results, but I was also a little confused that they said not all of the logs were in. I don't think they are re-assaying to verify the results, but rather just putting the info together and probably building their 3D models of the deposit and determining where to go next. They'll take their time putting the info together, then get it out. The loose timeline I was given was around 2 weeks from now. I hope they're not stalling, trying to time the release with PDAC in Toronto. Who knows how the markets will hold up. I'd like to get the assays while the wind is still at the back of the juniors. Drill results are being rewarded big time lately.

My SAM holdings are on fire lately, so it may be time to add a little more MFM. I can't believe we're in the teens right now. Perhaps we're out to lunch and the results are bad, but I don't foresee that. 20 something holes on a property that has had mineralization in all holes so far (over 100 now) will come up dry. There should be a highlight hole or two in the release. A lot of the explorers are still down, but with each news release, more and more start waking up. Hopefully some news over the next month will allow us to come back to life.

Bullboard Posts