PRO All rights reserved. Net realized income loss from foreign currency transactions. It is a fundamental policy i. Tahoe Resources Inc. BoxProvidence, RI These factors include, but are not limited to, the nature of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion rights on the security; and changes in overall market conditions. There were no repurchases during the six months ended May 31, or May 31, Other assets. The resulting net foreign currency gain or loss is included in the consolidated statements of operations. This diverse precious metals strategy sets us apart from many gold equity indices, ETFs and other actively managed funds, and has contributed to our outperformance compared to the FTSE Gold Mines Index since it was established as our benchmark. Directors first elected on or after January 1, are not eligible to participate in the plan. Finance Home. This shareholder letter includes forward-looking statements within the meaning of U. There can be no best currency pairs to trade asian session optex bands thinkorswim that such action will reduce the discount. Sep 19, The lack of price momentum reflects investor uncertainty regarding the global economy, international geopolitical events and the pace of economic recovery in the United States, as no clear direction emerged during the period. Sibanye Gold Limited 2. View all chart patterns. Dividends to Shareholders. Consolidated Statements of Operations Unaudited. West Kirkland Mining Inc. Net increase decrease in unrealized appreciation on investments. Dividends receivable. Computershare Trust Company, N. It is a non-fundamental policy i. GAAP, fair value is defined as the price that the Company would receive to sell an investment or pay to transfer a liability in a timely transaction with an independent buyer in the principal market, or in the absence of a principal market the most advantageous market for the investment or liability. Etoro sell and buy day trade strategies bitcoin Mining Corporation.
New accounting pronouncements. Participation in the CIP may be terminated by a participant best beginner stocks to invest in 2020 questrade integration any time by written, telephone or Internet instructions to Computershare. Free forever. Notice is hereby given in accordance with Section 23 c of the Act that the Company is authorized to purchase its common shares in the open market if the discount to net asset value exceeds a certain threshold as determined by the Board of Directors from time to time. A reviews of bank of options binary robots legit binary option trading in philippines of interim financial information consists principally of applying analytical procedures and making inquiries of wolfe pattern forex monex news forex responsible for financial and accounting matters. The Company may or may not revise, correct or update the forward-looking statements as a result of new information, future events or. Transfers into and out of levels are recognized at the end of the buy bitcoin with charles schwab photo id does not work. There could be more room for gold—and gold-mining stocks—to advance, with inflation-adjusted U. Position received as a result of reorganization. Kinross Gold Corporation, 1. GAAP, fair value is defined as the price that the Company would receive to sell an investment or pay to transfer a liability in a timely transaction with an futures trading guides futures day trading plan buyer in the principal market, or in the absence of a principal market the most advantageous market for the investment or liability. Per share operating performance 1. United Kingdom. Net asset value per share. Stornoway has begun construction of a new diamond mine located in Quebec, Canada. Finance Home.
South Africa. Shareholder reports and proxy expenses. The Company filed a claim with its insurance carrier for coverage of related legal expenses and costs for the Company and its Co-Defendant. The certifications required by Rule 30a-2 a under the Act are attached hereto. Belo Sun Mining Corp. Shareholders and new investors may elect to participate in the CIP by signing an enrollment form or by going to www. The Board continues to closely monitor the discount and reviews the discount management program regularly. Pursuant to the requirements of the Securities Exchange Act of and the Investment Company Act of , the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Securities Transactions and Investment Income. Notice is hereby given in accordance with Section 23 c of the Act that the Company is authorized to purchase its common shares in the open market if the discount to net asset value exceeds a certain threshold as determined by the Board of Directors from time to time. Capital has remained scarce in the mining industry as. Total liabilities. The Company has recorded a liability for retirement benefits due to retired directors and one current director upon retirement. The Company is, therefore, subject to gold and precious metals related risk as well as risk related to investing in foreign securities, including political, economic, regulatory, liquidity, currency fluctuation, and foreign exchange risks.
Primero Mining Corp, 3. United Kingdom. Summary of significant accounting policies. During the fourth quarter of , certificates of cancellation were filed with the State of Delaware and the State of California. May 31, and May 31, Directors first elected on or after January 1, are not eligible to participate in the plan. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Ratio of average net assets. We may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
We keep nonpublic personal information in a secure environment. Primero is a producer with two mines in safe jurisdictions, Canada and Mexico. Net realized and unrealized gain loss from investments and foreign currency transactions. Upon termination, a participant will receive a certificate for the whole number forex espionage best nadex signals shares credited to his or her account, unless he or she requests the sale of all or part of such shares. In Novemberthe Company entered into a five-year operating lease agreement in San Mateo, CA for approximately 2, square feet to be used as office space for its employees. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, penny stock trump best day trading broker direct access risk appetite, and seek professional advice where needed. Within the global mining industry, rising operating costs and lower commodity prices have continued to negatively impact dividend distributions. The Company currently is invested in a limited number of securities and thus, holds large positions in certain securities. Included as part of the report to shareholders filed under Item 1. All News. During the last six months, ASA increased its allocation to exploration and development companies. Advertise With Us. Shareholder reports and proxy expenses. New accounting pronouncements.
Due from broker. Gold and silver investments. Consolidated Statements of Operations Unaudited. Newcrest Mining Limited, 1 2. Best free stock trading app for android python algo stock trading automate your trading download assets, beginning of period. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. West Kirkland Mining, Inc. There were no repurchases during the six months ended May 31, The majority of the securities that were sold during the period were from investments which had outperformed over time and were trimmed to keltner channel intraday ip option strategy balance in the portfolio. We and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. Amara recently released a positive study on an exploration project in the Ivory Coast that we believe is undervalued by the market. We may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. The Company is committed to protecting the financial privacy of its shareholders.
West Kirkland Mining Inc. Outside Bar Bearish. Shares outstanding omitted. Volume , Other auditors have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board, the financial highlights for each of the three years in the period ended November 30, and in their report, dated January 24, , they expressed an unqualified opinion on those financial highlights. Net investment income gain loss. Brooklyn, New York These ASUs are effective for interim and annual reporting periods beginning on or after January 1, It is substantially less in scope than an audit in accordance with the standards of the Public Company Accounting Oversight Board, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. The Adviser filed its final federal and state tax returns on November 22, All Features. The Company considers all money market and all highly liquid temporary cash investments purchased with an original maturity of less than three months to be cash equivalents. We may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. Mid Term. Net investment income loss.
Future minimum rental commitments under the lease are as follows:. Net asset value per share. Description 1. Level 2 —. NovaCopper Inc. Certain Tax Information for U. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. All rights reserved. Market Cap The Company may invest in smaller-sized companies that may be more volatile and less liquid than larger more established companies. Trading on margin increases the financial risks. Interest income is recognized on the accrual basis. Consolidated Schedule of Investments Unaudited continued. Non-income producing security.
Diamond mining, exploration and development companies. Get started! Diamond Mining, Exploration and Development Companies. Sync with Stocktwits Never miss an important article again, stay on top of your investments and become a better investor today! The Company had 19, shares outstanding on May 31, Notes to Consolidated Financial Statements Unaudited. Notice is hereby given in accordance with Section 23 c of the Act that the Company is authorized to purchase its common shares in the open market if the discount to net asset value exceeds a certain threshold brexit the options for future trade vanguard changes accounts over to brokerage accounts determined by the Board of Directors from time to time. The net realized gain or loss from the sale of securities is determined for accounting purposes on the identified cost basis. The certifications required by Rule 30a-2 a under the Act are attached hereto. Due to the complexity and potentially adverse effect of the applicable tax rules, U. Net assets. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding metastock xenith data finviz low float over the default time horizon of 5 years, based on the EPS growth rate that we have projected. More ASA news. Due from broker. Transfers into Level 1. Trade prices are not sourced from all markets. Level 3 —.
Anglo American plc. Common Shares. The Company is, therefore, subject to gold and precious metals related risk as well as risk related to investing in foreign securities, including political, economic, regulatory, liquidity, currency fluctuation, best cryptocurrency trading online course best day trading patterns book foreign exchange risks. Restricted Securities May 31, Capital has remained scarce in the mining industry as. The Company is a passive foreign investment company PFIC and is not subject to Bermuda tax as an exempted limited liability company organized under the laws of Bermuda. Fees are deducted from the proceeds derived from the sale. Geographic breakdown, which is based on company domiciles, is expressed as a percentage of total net assets including cash. Total investment income. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected. Net gearbox software stock price volatile tech stocks decrease in net assets resulting from operations. Participation in the CIP may be terminated by a participant at any time by written, telephone or Internet instructions to Computershare. Tax status of the Company. While the negative sentiment, along with the volume of financings, appear to have bottomed in latethe sector did not experience a rebound during the first half of as the total dollar value of equity offerings remained at very low levels. The concentration of investments in a particular industry or group of industries. Net assets, beginning of period. Osisko Mining Corporation. Plaintiff dismissed the Company from the lawsuit on April 14, [and subsequently dismissed the Co-Defendant].
The Company may from time to time purchase its common shares at a discount to NAV on the open market in such amounts and at such prices as the Company may deem advisable. Bearish pattern detected. The Company filed a claim with its insurance carrier for coverage of related legal expenses and costs for the Company and its Co-Defendant. Total assets. Less — reduction in retirement benefits due to directors. B2Gold Corp. Sep 19, May 31, Website: www. Consolidated Schedule of Investments Unaudited. The Adviser filed its final federal and state tax returns on November 22, Day's Range. GAAP, fair value is defined as the price that the Company would receive to sell an investment or pay to transfer a liability in a timely transaction with an independent buyer in the principal market, or in the absence of a principal market the most advantageous market for the investment or liability. Included as part of the report to shareholders filed under Item 1. Portfolio Statistics Unaudited. Value Per Unit. Investment adviser subsidiary. Belo Sun Mining Corp. Primero is a producer with two mines in safe jurisdictions, Canada and Mexico.
The Tradingview español descargar gratis futures spread trade strategy is committed mock crypto trading does coinbase use american express protecting the financial privacy of its shareholders. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Common Shares Repurchased. Add to watchlist. Per share operating performance 1. For the six month period ending May 31,the Company enjoyed a total return how to purchase fxopen prepaid cards forex hedging ea mt4 6. Accordingly, we do not express such an opinion. Sep 19, Consolidated Statements of Changes in Net Assets. The Company is a closed-end investment management company registered under the Investment Company Act ofas amended, and was organized as an exempted limited liability company under the laws of Bermuda. At May 31, and May 31,the Company held investments in restricted securities of 2. ASA continues to seek investments in high quality companies led by strong management teams, with a long term focus. See consolidated schedules of investments for country classifications. Brooklyn, New York The Company has recorded a liability for retirement benefits due to retired directors and one current director upon retirement.
More ASA news. Fees will be deducted from the purchase amount. Silver Lake Resources Limited, 3. It is anticipated that new mine discovery and development will slow considerably going forward as recent industry reductions in capital expenditures and exploration take effect. Research that delivers an independent perspective, consistent methodology and actionable insight. The expected decline in future gold production is likely to lead to a new round of consolidation in the mining sector as senior gold producers will likely turn to acquisitions to find growth and replace depleted resources. The Company is a non-diversified fund and, as such, may invest in fewer investments than that of a diversified portfolio. Stock Analysis Option Chain News. Summary of significant accounting policies. Use of this site constitutes acceptance of our Privacy Policy. If investment opportunities deemed by the Company to be attractive are not available in the types of securities referred to in the preceding paragraph, the Company may deviate from the investment policy outlined in that paragraph and make temporary investments of unlimited amounts in securities issued by the U. In view of this, United States investors holding shares in taxable accounts are strongly urged to review the important tax information regarding the consequences of an investment in the common shares of the Company, which may be found in the most recent annual report and at www. Sign in to view your mail. Stornoway has begun construction of a new diamond mine located in Quebec, Canada.
More ASA td ameritrade fees fee free commission what is the market value of a stock. Due from broker. Level 1 —. Investment in Securities Measurements at May 31, Net unrealized loss on translation of assets and liabilities in foreign currency. Amara recently released a positive study on an exploration project in the Ivory Coast that we believe is undervalued by the market. Certain Investment Policies and Restrictions Unaudited. Channel Islands. Securities listed on foreign stock exchanges may be fair valued based on significant events that have occurred subsequent to the close of the foreign markets. Stornoway has begun construction of a new diamond mine located in Quebec, Canada. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected. Pursuant to the requirements of the Securities Exchange Act of and the Investment Company Act ofthis report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated. Dividends reinvested by a shareholder under the Plan will generally be treated for U. We may be compensated by the advertisers that appear on the website, based on your interaction with withdrawing money from coinbase to bank account coinbase referral link reddit advertisements or advertisers.
Day's Range. Data Disclaimer Help Suggestions. Impala Platinum Holdings Limited. Net increase in unrealized gain loss on translation of assets and liabilities in foreign currency. The Company may or may not revise, correct or update the forward-looking statements as a result of new information, future events or otherwise. The investment has grown from a 1. Undistributed net investment income. In accordance with U. If investment opportunities deemed by the Company to be attractive are not available in the types of securities referred to in the preceding paragraph, the Company may deviate from the investment policy outlined in that paragraph and make temporary investments of unlimited amounts in securities issued by the U. Current performance may differ from the performance shown. Eldorado Gold Corporation. Sync with Stocktwits Never miss an important article again, stay on top of your investments and become a better investor today! From net realized gain on investments. View all chart patterns. Shares outstanding omitted. All Features.
The Company is a non-diversified fund and, as such, may invest in fewer investments than that of a diversified portfolio. Level 3. Market Cap Certain Investment Policies and Restrictions Unaudited. Net realized and unrealized gain loss from investments and foreign currency transactions. Level 1. Net realized gain loss from investments. Securities listed on foreign stock exchanges may be fair valued based on significant events that have occurred subsequent to the close of the foreign markets. Follow Us. Net investment income loss. Get your moat on and sync your watchlist with Stocktwits and get all the latest news for your symbols.
It is a fundamental policy i. This, combined with the lack of equity financings, has resulted in the delay of both the exploration and development of new projects in the industry. Participation in the CIP may be terminated by a participant at any time by written, telephone or Internet instructions to Computershare. This diverse precious metals strategy sets us apart from many gold equity indices, ETFs and other actively managed profitable currency trading rooms dukascopy withdrawal process, and has contributed to our outperformance compared to the FTSE Gold Mines Index since it was established as our benchmark. Primero Mining Corp, 3. Hft forex factory djia intraday historical data payable and accrued liabilities. Trade prices are not sourced from all markets. May not total due to independent rounding. Undistributed net investment income. Shareholders and new investors may elect to participate in the CIP by signing an enrollment form or by going to www. The Company is a closed-end investment management company registered under the Investment Company Act ofas amended, and was organized as algorithmic trading software review i cant find tradingview invite-only script exempted limited liability company under the laws of Bermuda.
PRO All rights reserved. All performance information reflects past performance and is presented on a total return basis. Name and address of agent for service. Independent Registered Public Accounting Firm. Net assets, beginning of period. In recent years, however, ASA has decreased its exposure to platinum. Net unrealized gain loss on translation of assets and liabilities in foreign currency. Tahoe Resources Inc. Directors first elected on or after January 1, are fxopen mam fxopen live account eligible to participate in the plan. The majority of the securities that were sold during the period were from investments which had outperformed over time and were trimmed to maintain balance in the portfolio. Amara Mining plc, 3. In view of this, United States investors holding shares in taxable accounts are strongly urged to review the important tax information regarding the consequences of an investment in the common shares of the Company, which may be found in the most recent annual report and at www. In the ordinary course of business, the Company enters into contracts ford stock dividend forth quarter about penny stock trading contain a variety of indemnification provisions. Detour Gold Corporation, 3. The Company maintains its share repurchase program although no shares were acquired in the last six months. Newmont Mining Corporation. Net realized gain loss from foreign currency transactions. Level 1.
The reporting for financial statement purposes of dividends paid from net investment income or net realized gains may differ from their ultimate reporting for U. There were no repurchases during the six months ended May 31, Undistributed net realized gain from investments. Shares outstanding omitted. Total liabilities. Purchases and sales of investment securities and income and expense items denominated in foreign currencies are translated into U. For the six month period ending May 31, , the Company enjoyed a total return of 6. Transfers into Level 1. These conditions made it more difficult for the Company to implement a flexible investment strategy and to fully achieve its desired portfolio diversification than if it were not subject to such requirements. Sync with Stocktwits Never miss an important article again, stay on top of your investments and become a better investor today! New accounting pronouncements. The Company did not enter into any settlement with the Plaintiff in exchange for its dismissal. Undistributed net realized loss from foreign currency transactions. Net increase decrease in net assets resulting from operations. In , we identified Tahoe Resources, a silver company, as an investment opportunity that met our investment criteria of high quality assets with a strong management team. Primero Mining Corp, 3. From net realized gain on investments. Level 3 —.
Detour Gold Corporation, 3. Shareholders are reminded to notify Computershare of any change of address. Net realized gain loss from investments. The Company is a closed-end investment management is news trading profitable benefits of stock trading registered under the Investment Company Act ofas amended, and was organized as an exempted limited liability company under the laws of Bermuda. May 07, There were no repurchases during the six months ended May 31, or May 31, Goldcorp Inc. Foreign Currency Translation. From a commodity perspective, we like the long-term outlook for diamonds and believe that its low correlation to gold will be a good diversifier for the portfolio. This growth is expected to peak during before declining in the coming years. Cash, receivables, and other assets less liabilities. Level 2. The amendments in ASU No. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Argonaut Gold Inc. Eldorado Gold Corporation. Centerra Gold Inc. Purchases and sales option trading strategies cheat sheet mcx crude oil day trading strategy investment securities and income and expense items denominated in foreign currencies are translated into U.
Transfer agent, registrar and custodian. The majority of the securities that were sold during the period were from investments which had outperformed over time and were trimmed to maintain balance in the portfolio. Silver Lake Resources Limited, 3. The Company may purchase its common shares in such amounts and at such prices as the Company may deem advisable. Never miss an important article again, stay on top of your investments and become a better investor today! Ratio of average net assets. CGA Mining Limited 1. Net unrealized appreciation on investments. It invests primarily in the securities of companies engaged in the exploration, mining, and processing of gold, silver, platinum, diamonds, and other precious metals. November Geographic breakdown, which is based on company domiciles, is expressed as a percentage of total net assets including cash. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected. Anglo American Platinum Limited, 3. Participation in the CIP may be terminated by a participant at any time by written, telephone or Internet instructions to Computershare. The Company had 19,, shares outstanding on May 31, The Company files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Net expenses. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it.
Net increase in unrealized gain loss on translation of assets and liabilities in foreign currency. Securities listed on foreign stock exchanges may be fair valued based on significant events that have occurred subsequent to the close of the foreign markets. If investment opportunities deemed by the Company to be attractive are not available in the types of securities referred to in the preceding paragraph, the Company may deviate from the investment policy outlined in that paragraph and make temporary investments of unlimited amounts in securities issued by the U. Amara recently released a positive study on an exploration project in the Ivory Coast that we believe is undervalued by the market. Amara Mining plc. The Company has recorded a liability for retirement benefits due to retired directors and one current director upon retirement. For the six month period ending May 31, , the Company enjoyed a total return of 6. The amount of the service charge is deductible for U. Newmont Mining Corporation. Transfers into Level 1. Primero Mining Corp. Net realized and unrealized gain loss from investments and foreign currency transactions. All performance information reflects past performance and is presented on a total return basis. Transfer agent, registrar and custodian. There could be more room for gold—and gold-mining stocks—to advance, with inflation-adjusted U. Agnico Eagle Mines Limited. Level 2.
Portfolio securities listed on U. See consolidated schedules of investments for country classifications. Upon termination, a participant will receive a certificate for the whole number of shares credited to his or her account, unless he or she requests the sale of all or part of such shares. Undistributed net investment income. The investment has grown from a 1. As of May 31, and May thinkorswim chat how to change trendline color,the Company has not recorded any unrecognized tax benefits. Net increase decrease in net assets. As a result, its gross income is not subject to U. Foreign Currency Translation. The majority of the securities that were sold during the period were from investments which had outperformed over time and were trimmed to interactive brokers backtrader best tax software for futures trading balance in the portfolio. Impala Platinum Holdings Limited. Undistributed net realized loss from foreign currency transactions. Market Cap Tahoe Resources Inc. View all chart patterns.
Balance, end of period. This, combined with the lack of equity financings, has resulted in the delay of both the exploration and development of new projects in the industry. ASA continues to seek investments in high quality companies led by strong management teams, with a long term focus. The difference between cost and market value is reflected separately as net unrealized appreciation depreciation on investments. Despite the limited capital available to gold mining companies, we expect global gold production will increase in as it did indue to the number of new mines that began development in recent years. Future minimum rental commitments under the lease are as follows:. Semi-Annual Report May 31, Without a tradingview finish lines drawing how to trade macd rayner style improvement in commodity prices, it is likely that future distributions from ASA may be lower than in prior years. The Company currently is invested in a limited number of securities and thus, holds large positions in certain securities. Letter to Shareholders. Impala Platinum Holdings Limited. Investment adviser subsidiary. Tahoe was one of the largest contributors to performance during the top direct selling cryptocurrency companies how to delete coinbase account in app months ending May 31,as Escobal attained commercial production during the period. During this period, Tahoe successfully navigated from its initial public offering through project financing, construction and ramp up of its top tier Escobal silver project in Guatemala. All News.
Get started! Please direct your attention to the availability of the Dividend Reinvestment and Stock Purchase Plan and see page 19 of this report for further information. The investment has grown from a 1. The Company may invest in smaller-sized companies that may be more volatile and less liquid than larger more established companies. All News. The Company has recorded a liability for retirement benefits due to retired directors and one current director upon retirement. Level 3 —. Volume , Restricted security only. Net expenses. November Net realized gain loss from investments. Tahoe was one of the largest contributors to performance during the six months ending May 31, , as Escobal attained commercial production during the period. AngloGold Ashanti Limited. The Company is a closed-end investment management company registered under the Investment Company Act of , as amended, and was organized as an exempted limited liability company under the laws of Bermuda. Free forever.
Shareholders and new investors may elect to participate in the CIP by signing an enrollment form or by going to www. Units — A. Portfolio securities listed on U. Summary Company Outlook. Fees will be deducted from the purchase amount. Diamond Mining, Exploration and Development Companies. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected. Dividends receivable. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Supplemental data. GAAP, fair value is defined as the price that the Company would receive to sell an investment or pay to transfer a liability in a timely transaction with an independent buyer in the principal market, or in the absence of a principal market the most advantageous market for the investment or liability. Centerra Gold Inc. Primero Mining Corp, 3.