Apologies, I must have got the wrong impression. So basically Sprott is a trust similar to GOLD here on the ASX. The structure is entirely built around a physically backed fund, you buy shares and they buy metals to match the MC of the fund. The way it is built does not contain any mechanism for selling material without significant fundamental changes to the trust that is basically impossible. They also have trusts for other precious metals and have never sold an ounce, it’s not how the fund works. Essentially anything they buy is gone from the market forever other than physical value in their shareholders portfolio. So realistically a uranium vacuum has been turned on that can’t really be turned off until they reach their cap ($1.3B) while people are still buying the fund.
Apologies, I must have got the wrong impression. So basically...
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Last
5.4¢ |
Change
0.001(1.89%) |
Mkt cap ! $208.5M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.5¢ | 5.2¢ | $649.9K | 12.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 596870 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 300000 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
5.3¢ |
Change
0.001 ( 0.75 %) |
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| Open | High | Low | Volume | ||
| 5.4¢ | 5.5¢ | 5.3¢ | 5187175 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| AGE (ASX) Chart |