RE:RE:Pecked away at some MMP.un
MarcoArashO wrote: New to looking at this fund...
Is this a short or long hold for you?
Like are you here for ongoing distributions or when do you usually sell if you don't mind me asking?
I was a holder a couple years ago for a year and a half.
Its a decent short-mid term hold for playing momentum in the space or just playing the funds ups and downs. I started a position when it was paying 2 cents per share and received 2 of those payouts before the current drop down, but I still made a nice gain on total return as I bounced out on the 1st leg up after Covid, unfortunately I missed the big jump into the 2.50s... (I needed the money elsewhere at the time so this was my choice to take the profits on)
Personally I'd want a higher than 6.6% yeild in this environment and if I was gonna play with this fund as the upside is somewhat limited and at the end of the day it is a fund that takes its cut off the top. When I originally jumped in I got 16.4% and then with the cut in half it was 8.2% which I was still content with holding. There are much better places to play for 8%+ with better upside than this fund unless you expect the fund to re-double its payout. That said I continue to watch this ticker for news and drops incase it becomes an interesting prospect again.
If your bullish on a mining products be it gold, silver, copper, nickle, zinc ect, your better off on a more direct play or royalties... ARG (copper), LIF (Iron Ore), AYM (copper), NGT (gold), AEM (gold), FVI (Silver), GRSL (silver), CNC (Nickel), NOVR (nickel/copper), SSL (gold), ELEC (various industrial metals), AIS (gold), LUX (gold) & ARIS (gold) are a few names that I find as interesting plays, some enough that I have jumped into already and a couple I'm getting ready to make my entry. The space is very rich with opportunities right now it seems, as I find more names to watch and research weekly.