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Advent Convertible and Income Fund T.AVK


Primary Symbol: AVK

Advent Convertible and Income Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. The Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. The Fund will invest at least 30% of its managed assets in convertible securities and up to 70% of its managed assets in non-convertible income securities. The Fund may invest without limitation in securities of foreign issuers. Fund invests in various sectors, such as technology, financial, communications, energy, basic materials and other. The investment advisor of the Fund is Advent Capital Management, LLC.


NYSE:AVK - Post by User

Post by PenniStockeron Feb 07, 2017 4:54pm
161 Views
Post# 25812679

Next piece of news should be Kalanako drill results?

Next piece of news should be Kalanako drill results?They completed a 8,500 meter drill program in December and you gotta think that the assays are all in by now. I'm disappointed that they haven't released any drill results yet, but getting official news from the company is tough. They never seem to tell us what they're doing. I didn't know that they were doing  an optimised feasibility and with plans to release it in early January. Whomever bought tax loss selling stock had a nice win (50%) because it seems to me that a lot of people didn't know that it was coming and it was a surprise to everyone I know that owns this stock. We were also told to expect debt financing in late Q3 to early Q4, but that didn't materialise. I had renewed optimism that debt terms would materialise after the optimised feasibility results, which I assumed was based on feedback from the independent engineer and the banks as I've seen with other juniors with high hopes of going into production, but still nothing (other than lots of selling).

Good luck to all!
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