Sput not putting in a redemption feature is a terrible mistake. It will get smoked and trade at a huge discount when ever the market turns. It will now not be considered as a safe investment vehicle for anyone with half a brain.
Why the hell would anyone want to pool up with another $4-5 bln of uranium investors with no way to get out at spot?
Why the hell would anyone want to pool up with another $4-5 bln of uranium investors with no way to get out at spot?
My prediction is that the discount is gonna get very large and increasingly so until unit holders express heighted anger and frustration… only then will Sprott do what they should. Put in a redemption feature so that it actually tracks the spot market and isn’t just a ponzi vehicle
30% or more discount to nav during market corrections will likely be needed to get them to fix the vehicle.
It’s so naive to think the market will support a one way accumulation of uranium. The big question to ask at this time is how many people are going to be upset now and want out of the vehicle cause they fear they are getting rug pulled.
If I was an institution with $50-100 mln on this thing I’d be pissed… really pissed if I had bought since the talk of a redemption feature coming.
It’s so naive to think the market will support a one way accumulation of uranium. The big question to ask at this time is how many people are going to be upset now and want out of the vehicle cause they fear they are getting rug pulled.
If I was an institution with $50-100 mln on this thing I’d be pissed… really pissed if I had bought since the talk of a redemption feature coming.
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