This would seem to be a great buy, the redeemable price is $14.
but it's trading at $13.77 ? Indicators all say it is pulling back
from high levels but sometimes these news items over rule logic.
Ditch
Sprott Physical Gold Trust Prices Follow-On Offering Of Trust
Units In An Aggregate Amount Of US$266M
Trust announced today that it has priced its follow-on offering
of 19 mln transferable, redeemable units of the Trust at a price of
US$14.00/unit. The Trust will use the net proceeds of this Offering
to acquire physical gold bullion in accordance with the Trust's
objective and subject to the Trust's investment and operating
restrictions described in the prospectus related to this
Offering
PHYS
Posted by ditch on 15th of Jul 2011 at 10:39 am
This would seem to be a great buy, the redeemable price is $14. but it's trading at $13.77 ? Indicators all say it is pulling back from high levels but sometimes these news items over rule logic. Ditch
Sprott Physical Gold Trust Prices Follow-On Offering Of Trust Units In An Aggregate Amount Of US$266M
Trust announced today that it has priced its follow-on offering of 19 mln transferable, redeemable units of the Trust at a price of US$14.00/unit. The Trust will use the net proceeds of this Offering to acquire physical gold bullion in accordance with the Trust's objective and subject to the Trust's investment and operating restrictions described in the prospectus related to this Offering
according to http://www.sprottphysicalgoldtrust.com/Net-Asset-Value/default.aspx the NAV after yesterday's
Posted by johan on 15th of Jul 2011 at 10:54 am
according to
http://www.sprottphysicalgoldtrust.com/Net-Asset-Value/default.aspx
the NAV after yesterday's close was $13.42
and the intraday indicative NAV today was the same
so it is a smaller premium than it often trades at, but still a premium
thanks , stockcharts shows the
Posted by ditch on 15th of Jul 2011 at 10:58 am
thanks , stockcharts shows the close was $14.17 so I guess that's the premium?