Thanks Peppie.That's also my take on it. I've done considerable...

Thanks Peppie.

That's also my take on it. I've done considerable research in lieu of any response from Contango on the subject. I spent 20 mins typing up a reply of my observations but HC seems to have lost it when I hit Post and I don't have the energy to retype the lot.

In short, December NTA 104.2, April NTA 109.0. Modest rise but doesn't take into account overhedas, management fees etc. Therefore might be dicey except that from what I've seen of the performance of the current portfolio as outlined in April Investor Report May looks like providing a solid increase in NTA. This may or may not translate into a climb in the SP but I think barring a slide in the next month should provide impetus for a dividend in the new Fin Year.

All of the above is my own opinion and observation and the reader is advised to do their own research.

Illiquid.