Re: Sprott Moly fund
in response to
by
posted on
Jan 11, 2009 02:28PM
(Edit this Message from the "Fast Facts" Section)
There may not be many sprott shares left to sell. According to the NR cash is $1.51 out of $1.75 fund unit value. ie. only 24cents held as stock. This implies a lot of the moly positions have been sold down already. Also other funds within sprott could acquire stock from the moly fund.
I believe nothing much has changed, we need a rebound in moly prices before much increase in share price can occur. Alternatively a merger or acquisition would at least give us something back.