The ASX really does need to do more when it comes to closed funds. It is patently obvious the secondary market for any closed fund under 500 million market cap is not sufficient.
I appreciate holders of this stock are extremely frustrated with both the performance and discount to NAV. However, in a similar vein to the ongoing poor performance of value stocks, commodity/energy related stocks aren't in vogue.
Unfortunately, at the moment, everyone sees value in software companies and anything digital, but doesn't appreciate the very things that sustain them. Whether this be the electricity in their house or the fuel they put in their car.
Given the market cap of this stock, it is likely it will face perennial discount pressure.
TGF Price at posting:
$1.80 Sentiment: None Disclosure: Not Held
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