RE:MMP.un NAV to March 26 at 1.3338Mouserman ....
NAV has dropped less than $0.02 at present time ... 11:30 am .... based on the Dec 31 2019 data.
Guyanna Goldfields holdings will be a drag on this fund for at least six months .... but GUY will be a survivor. The other large drag in the fund is TMAC ..... it should get taken out at a deep discount to what it traded at within the past 12 months. Very high grade mine, huge upside exploration potential, just very isolated in Hope Bay on the Artic ocean.
The MMP.un fund managers appear to have made some pretty decent moves as of end of Q4 2019 ... Newmont, Northern Star Resources for example and adding to the K92 Mining positions.
Alot of gold producers are now shutting down operations, for undetermined periods of time, others are only testing for the virus and maintaining production .... So Guyanna Goldfields shutting down for six months is not an uncommon situation at this time.
Bullion dealers are out of product in many areas of north america and from what I'm hearing, the premiums that are being paid ( for those who are able to obtain some physical metal ) do not reflect the artificial paper price. I wanted to pick up another 100 ounces of silver last week in the low US$13.00 / oz range , but the dealer I use in Ottawa had no product and was not taking any appointments. Now the dealers are all shuttered due to the enforced closures of most businesses. If people haven't got physical PMs already ... people are now SOL ... this was being warned about by the likes of Jim Willie, Bill Holter, James Rickards, Rob Kirby etc etc etc ....
Here's few recent market commentaries for perusal at your leisure.
March 4 2020 interview with Rob Kirby :
https://www.youtube.com/watch?v=mNDuS7eSJ48&fbclid=IwAR2GSGiDKR3oF1bW0PJJvNnjzSK-lpRQ1zJkq2oqztRzRBBT7buUPU8qTxA March 26 2020 interview with Bill Holter of JSMineset:
https://www.youtube.com/watch?v=Q3rzz7M3_0k&feature=youtu.be&fbclid=IwAR0cqn7MIo-AUhr7o5cb6tDcgVxX_gOsy_bW3jyto6MnQm66Oca8ji-94mU March 21 2020 interview with Egon von Greyerz
https://www.youtube.com/watch?v=dulnjIeuwLs&fbclid=IwAR1LDS2r58_mmf48oE8TxO7aFuYsasdZrodN794z4qcsV-DdU8JHrwa3BUo March 12 2020 interview with Charles Nenner :
https://www.youtube.com/watch?v=oH3iB0h1XlU&fbclid=IwAR0Ep8XGgX6Ytn3gebKGuFlEpODIcj6Ic7E1r1r0HMFC0I-pg4WGznYorxs