Sprott to acquire CEF

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Maddy
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Re: Sprott to acquire CEF

Post by Maddy » Thu Mar 09, 2017 5:43 pm

Dualstow, would you please elaborate? I'm not familiar with Sprott or what this may mean.
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dualstow
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Re: Sprott to acquire CEF

Post by dualstow » Thu Mar 09, 2017 6:02 pm

Maddy wrote:Dualstow, would you please elaborate? I'm not familiar with Sprott or what this may mean.
I simply have too much of my ETF gold in Sprott, Maddy. This is because I owned PHYS and GTU, and one took over the other. (Sprott). I don't think they're so terrible, but I want to diversify with SGOL and IAU. Hopefully Sprott won't acquire every last competitor. :)

I'll leave it to technovelist to elaborate on why he doesn't trust them.
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technovelist
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Re: Sprott to acquire CEF

Post by technovelist » Thu Mar 09, 2017 6:48 pm

dualstow wrote:
Maddy wrote:Dualstow, would you please elaborate? I'm not familiar with Sprott or what this may mean.
I simply have too much of my ETF gold in Sprott, Maddy. This is because I owned PHYS and GTU, and one took over the other. (Sprott). I don't think they're so terrible, but I want to diversify with SGOL and IAU. Hopefully Sprott won't acquire every last competitor. :)

I'll leave it to technovelist to elaborate on why he doesn't trust them.
They have a habit of asking courts to overturn trust governance agreements, which I disapprove of on moral grounds. Also, as a practical matter, if they did that to the previous management of GTU, why wouldn't they do it to their shareholders if it appeared profitable?
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BearBones
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Re: Sprott to acquire CEF

Post by BearBones » Sun Nov 12, 2017 11:34 am

Not sure how much it will help for us commoners, but here is link to vote. Due by 11/28/17.

http://www.centralfund.com/2017%20Special%20Meeting.htm
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technovelist
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Re: Sprott to acquire CEF

Post by technovelist » Sun Nov 12, 2017 3:30 pm

BearBones wrote:Not sure how much it will help for us commoners, but here is link to vote. Due by 11/28/17.

http://www.centralfund.com/2017%20Special%20Meeting.htm
"Commoners" (Class A shareholders) get to vote on this, so it does matter.

I'm no longer a shareholder of any kind, which is probably why I didn't get a notice of this. But my mother is, so I need to try to understand it to tell her how to vote.

BTW, I wonder if Sprott has a picture of the existing management doing something unsavory? That's the only explanation I have for their turnabout.
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Re: Sprott to acquire CEF

Post by boglerdude » Thu Feb 01, 2018 4:07 am

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