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Rubicon Minerals Corporation Message Board

articulation_2005 1 post  |  Last Activity: Nov 13, 2014 2:39 PM Member since: Oct 13, 2004
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  • articulation_2005 articulation_2005 Nov 13, 2014 2:39 PM Flag

    " There isnt any reasonable explanation for what has happened to this thing "

    Seriously?? GGN is a closed end fund invested in gold mining shares. Gold mining shares have been tanking for the last 3+ years...and therefore, so has GGN. Because GGN is a closed end fund, it can trade for a discount or premium to that value, called the Net Asset Value (NAV). You can see the stock price compared to the net asset value here:

    If you think mining stocks will continue to decline you should sell GGN now. GGN is tracking the value of the stocks it currently owns. GGN DOES offer income from call options sold against stocks it holds..hense the monthly distribution. That makes it unique amongst gold stock funds.

    Educate yourself about what it is you own. Gabelli isn't at fault. Stop whining.

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