TSX:GTU.UN - Post by User
Post by
shnepson Oct 13, 2015 6:25pm
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Post# 24188376
Really?
Really?I do find it appalling Sprott's ongoing solicitation for Central Gold Trust shareholders, at who's expense? Sprott shareholders and unfortunately Central Trust shareholders have to pay for this in the end. Between the expense of lawyers, board director expenses,media and expert testimonials nobody is benefitting anymore. This has to be well into the millions of dollars for both funds. These funds are in the same business but Central Gold ultimately costs the shareholders less money over the long run. This is exactly how the fund was built IMO. Now Sprott is offering $0.10 per share. Where does this money come from now and in the future? It comes from the shareholders. If managements expenses were to be ultimately pulled out of the equation then it may be in the shareholders interest, but not until. /