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GraniteShares Gold Trust BAR

The investment seeks to reflect generally the performance of the price of gold. The Shares are intended to constitute a simple and costeffective means of making an investment similar to an investment in gold.


ARCA:BAR - Post by User

Post by muffin17on Feb 15, 2023 9:18am
345 Views
Post# 35287024

Investors Silent

Investors SilentThere seems to be a vacuum of investor commentary on UGE.  The share price is lagging the enterprise value of UGE imo.  There is a very small float in UGE because 3 individuals, who are related to the company own almost half of the outstanding share float.  If the CEO could garner some interest in the company our share price would rocket upward.  Thats great for investors, but too much concentration can work against us.

Nick, the CEO, seems to be happy issuing green bonds at 9% interest per annum rather than doing a PP and issuing more shares.  

Until the public float increases to a level that allows a decent daily average for shares trading on the market, we will stay range bound.

Muff
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