Here are the approximate shares for each of the top 15 positions held by the fund as of November 30, 2020, based on the data provided by the MMP.UN website .
https://ci.com/en/funds/alternative_investments/PreciousMetalsandMiningTrust.html?currencySelector=1&seriesId=13628 Apologies for not getting the data up for October 30, 2020 .... here is the link to the
September 30 calculations for comparison to current share holdings :
https://stockhouse.com/companies/bullboard/t.mmp.un/precious-metals-and-mining-trust-unit?postid=31707304 As of the last financial statement from June 30, 2020 Semi-Annual Report, there were 17,143,612 unitts outstanding. The Net Asset Value for the fund reported for November 30
was $2.4329 per unit
17,143,612 units X $2.4329 = $41,708,694
Top holdings allocation(%) value 11/30/20 share price # of shares Artemis Gold Inc 12.10% $5,046,752 $5.49 919,262
SSR Mining Inc 9.32% $3,887,250 $24.04 161,700
K92 Mining Inc 9.11% $3,799,662 $7.83 485,270
Endeavour Mining Corp 6.19% $2,581,768 $30.63 84,288
Kirkland Lake Gold Ltd 6.15% $2,565,084 $53.21 48,207
Osisko Gold Royalties Ltd 5.69% $2,373,224 $14.11 168,195
Pretium Resources Inc 5.21% $2,173,023 $14.23 152,707
Roxgold Inc 3.91% $1,630,810 $1.65 988,370
Agnico Eagle Mines Ltd 3.50% $1,459,804 $85.11 17,152
Gold Standard Ventures 3.30% $1,376,387 $0.89 1,546,502
Kanadario Gold Inc 3.25% $1,355,532 $1.25 1,084,425
Sandstorm Gold Ltd 2.93% $1,222,064 $9.46 129,182
Lundin Gold Inc 2.67% $1,113,622 $11.50 96,837
Golden Star Resources 2.64% $1,101,110 $4.97 221,551
Osisko Mining Corp 2.36% $984,325 $3.58 274,951 Total of Top 15 holdings 78.33% $ 32,670,417
Cash 3.00% $1,251,260 Interesting new holding in Kanadario. KANA recently completed a significant financing for about $37 million at $0.50 per share. Prior to this raise, Kanadario only had about 13,2500,000 shares issued and outstanding. Some of the people involved with KANA are Louis Gignac (Cambior, Franco Nevada) and Elif Levesque (Cambior and Oskisko MIming), David Fennell ( Golden Star Resources, Hope Bay, Sabina), and James Neal (TMAC Resources).
The company's website is here :
https://www.kanadariogold.com/ Not much available on the site at the present time.
According to their Nov 25, 2020 news releases, the funds raised are to be used to for :
".....The company intends to use the proceeds from the brokered offering and the non-brokered offering for general corporate and working capital purposes toward acquiring at least one advanced-stage gold asset within the first year, in a Tier 1 jurisdiction focused in the Americas, though there is no assurance that current evaluations will result in an acquisition ....." Quite frustrated with the steep discount to net asset value that MMP.UN continually trades at. As of Friday Dec 11 the NAV was reported as $2.4309, but closed trading at $2.17, unchanged for the day. That's represents about a 12% discount to NAV.
Current annual distribution yield is 5.5% based on closing share price, and only a 4.9% yield based on NAV per unit.
Looking for a sustained rally in gold and silver prices over the next 6 - 8 weeks, as the U.S. Dollar continues to fall .... wondering what the next round of "stimulus" in dollar figures is going to be. ....
GLTA !