Thanks for all the SBB stock scoop and ...... Guess what .....
posted on
Feb 25, 2011 07:18PM
We may not make much money, but we sure have a lot of fun!
Sabina Gold & Silver closed Feb.25/11 @ $6.50 up 53 cents = 8.88%
Sabina Gold & Silver Corp. (SBB-T6.500.538.88%) was the latest company to tap the market with a bought deal of both common shares and flow through shares Tuesday morning. What started out as a $75-million offering turned into a $90-million deal, with the common stock offered at a 4.3 per cent price discount to Monday’s close. BMO Nesbitt Burns led the offering.
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The $1-billion Dynamic Precious Metals Fund, which has a 95 per cent exposure to the gold sector, has earned top ratings from Lipper Inc. for consistent returns: The fund boasts compounded gains of 34.4 per cent a year over the past five years, to the end of October.
Even with gold's amazing run over this same period, its compounded returns have lagged at about 25 per cent a year – and that's in U.S. dollar terms. In Canadian dollars, gold has gained just 20 per cent a year.
Mr. Cohen's fund has also walloped his peers. This year alone, the fund has gained nearly 54 per cent, or about 12 percentage points more than the average Canadian precious metals fund. The fund's five-year returns have beaten its peer average by about 10 percentage points.
The reasons for this success? Mr. Cohen has focused on many of the smaller, lesser-known companies, rather than senior gold producers like Barrick Gold Corp. (ABX-T50.790.561.11%)
Some of his top-equity holdings, in terms of their weighting within the fund, consist of San Gold Corp. (SGR-T2.900.010.35%), Perseus Mining Ltd. (PRU-T3.010.041.35%) and Sabina Gold & Silver Corp. (SBB-T6.500.538.88%) - names that might not be synonymous with gold stocks among most investors
Now that was some move!