Anyone who bought shares in TGC at the start can offer their TGC shares for 89.2 grams and still break even. This is based on a 9% increase in the gold price ($345 to $380) and the 1.8% return from dividends so far.
Regards,
Joel Bruce
AHHHH ! Good thinking Joel.
Perhaps that explains why someone sold a few at 90 --- someone needed the funds, and their view was that in dollar terms they could go that way and stll not lose. Fascinating!
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