RE:RE:RE:Sprott Physical Precious Metal Funds Thanks Michaelstl
Yes I found some verbage on an analyst comment that stated they would start trading sometime before end of this month which means by next Tuesday June 30 am we are off to the races in the USA.
However the ticker symbol is "SII" and not SIII" as you stated above. You have one too many "I's - lolol. Don't want anyone here buying the wrong stock- lolo
My hunch is that you will see a very big run up in price on that very first day of trading which is quite common with these things. A more moderate level of moves will happen after that first day but the trend is still up regardless.
Also for those people on this board who may not be aware of it, Sprott Inc did their IPO about 10 years ago at roughly $10 per share. Yes we have had a horrible time in the precious metals markets since about 2010. We did have a good bounce up to $1,900 on the gold price based on the last financial crises of 2008/2009. My guess is that this next crises which we are already witnessing will take gold and the precious metals to much higher prices this time around.
Sprott was very smart to do the reverse stock split of 1:10 right now before gold takes off. It is a rule of thumb in the investing community around hedge funds and institutional funds that they will not touch any fund or stock that had a market cap of less that $1 billion. Sprott is now in excess of $1billion based on the nice run up we have had since that reverse stick split.
Sprott has a vision to be a world wide leader in the precious metals market. They will not get that opportunity in this next and biggest cycle to come. With all this money printing and federal reserve stimulus being thrown out there and with inflation coming up, you are smart to keep your money in the precious metals market if you want to protect and grow your wealth.
The good times are here folks with Sprott after such a long wait
My average price is $2.70 pre split or $27 post split. That will prove to be a huge bargain down the road.
Ron