Doubleline Opportunistic Credit Fund V.DBL

Primary Symbol: DBL

Doubleline Opportunistic Credit Fund operates as a closed-end management investment company. The Fund will seek to achieve its investment objective by investing in a portfolio of investments selected for their potential to provide high current income, growth of capital, or both. The Fund may invest in debt securities and income-producing investments of any kind, including, without limitation, residential and commercial mortgage-backed securities, asset-backed securities, U.S. Government securities, corporate debt, international sovereign debt, and short-term investments. Under normal circumstances, the Fund will invest at least 80% of its total assets in debt securities, convertible securities, loans and other securities or instruments that provide investment exposure to the credit of an issuer, obligor or counterparty, including through credit default swaps and other derivatives.

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Doubleline Opportunistic Credit Fund > Water Issues

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Comment by Newbernon Oct 08, 2017 5:47pm

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Post# 26791104

RE:RE:RE:RE:RE:RE:RE:RE:Water Issues

Below is a link were Gwen Preston discusses the history of the Pine Point project. Comincho closed the mine simply because zinc prices bottomed.

https://www.mining.com/web/gwen-preston-darnley-bays-pine-point-project/

With the PEA showing a payback of less than two years this will very likely be a mine. it looks like the metrics will only get better.

Another reason this is a major holding for me is because insiders own 30% of the shares.

Mazumdar did not seem to have a good background on Pine Point. Perhaps the zinc concentration will not be as high as when Comincho mined but the mill location and mine employee housing will not be an issue.

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