Sentry Select Primary Metals Corp T.PME

Big discount to NAV and Yield better than MMP.un

[mouserman]

The two sisters funds from Sentry (PME and MMP.un) trade up and down , both at a significant discount to NAV, and have almost identical holdings. Not sure why they needed 2 funds with the same stuff.
At any rate yesterday i sold off a lot of MMP.un as it trades at under 10% discount to NAV, whereas today PME now trading at about a 32 cents discount to NAV, Or about 12.8%.  Ridiculous how undervalued this one is  in this gold and precious metals bull market.
So happy when the selling started today, from CIBC and others. Wasnt expecting to see any deals back down to 2.15 area today. Thanx to the hapless dumpers.
Must need the cash to pay their tax bill or something... maybe a margin call?

[mouserman]

SO despite a huge move up in NAV again today, PME stuck at around the 2.18 mark, which is at least a 30 cent discount to the real value in the fund. By far the better buy that MMP.un again today. I still have some small holdings in MMP.un , and if MMP.un continues to trade up at less than 9% discount to NAV while PME trades at about 12% discount, then i will swap out the rest of the MMP.un i hold