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Cadence Opportunities Fund Ltd. ( (AU:CDO) ) has issued an announcement.
Cadence Opportunities Fund Ltd. reported a gross performance of 5.9% in May 2025, outperforming the All Ordinaries Accumulation Index by 1.7%. The fund has shown strong performance in the first five months of the year, with a gross return of 11.3%, despite market volatility. The company is trading at a 20% pre-tax NTA discount, prompting a buy-back of its own stock. Key contributors to the fund’s performance include investments in West African Resources, Evolution Mining, and New Gold, among others. New Gold’s acquisition of full cash flow interest in its New Afton mine positions it well in a favorable gold price environment, while Boss Energy has transitioned to positive free cash flow amid supportive uranium prices.
More about Cadence Opportunities Fund Ltd.
Average Trading Volume: 11,078
Technical Sentiment Signal: Buy
See more data about CDO stock on TipRanks’ Stock Analysis page.