Bullboard - Stock Discussion Forum Sentry Select Primary Metals Corp T.PME

Sentry Select Primary Metals Corp. (the Fund) is a Canada-based financial investment company. The Fund’s investment objective is to provide shareholders with long-term capital appreciation, and monthly cash distributions. The Fund invests in an actively managed portfolio consisting primarily of securities of mining and exploration issuers, with a current focus on gold issuers. CI Investments... see more

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Sentry Select Primary Metals Corp > PME on sale as spot gold batted down early

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Post by mouserman on Jul 10, 2020 10:29am

PME on sale as spot gold batted down early

Starting to recover now, and gold currently just off ALL-TIME highs in cad $$$ , with the latest price for spot gold at 2452$ in CAD... the ALLtime high is 2465$ reached earlier this year.
NAV for PME yesterday was 3.23 and now at 2.81 it is trading at over a 40 cent discount to NAV.
That is about a 13% discount to NAV currently.
ARTG now the biggest holding is up nicely ( 4.4%) today, but the majority of the holdings taking a beat of a beatdown early on.
I suspect by midday spot gold will be back up over 1810$ US.... and the gold plays will recover.

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