Sprott Picks up the Pace of His PSLV Sales

The latest 13-D is out, and Eric Sprott has picked up the pace of his $PSLV sales, selling 1,261,500 shares from 8/12/11 to 8/25/11.

Date of
Transaction
Number of Units
Purchased/(Sold)
Price per Unit
8-12-11
(5,000)
$17.8200
8-18-11
(130,000)
$18.9797
8-18-11
(100,000)
$18.9864
8-19-11
(81,300)
$19.6544
8-22-11
(388,700)
$20.3223
8-22-11
(15,000)
$20.3222
8-23-11
(63,500)
$20.1063
8-24-11
(27,500)
$18.4001
8-25-11
(394,000)
$18.7327
8-25-11
(56,500)
$19.0693

 

For the backstory, see my prior pieces on the subject:

Aug 11th: Sprott sells 565k PSLV

Aug 2nd: Sprott sells 700k PSLV

July 23rd: Sprott sells 1MM+ PSLV

July 14th: Sprott sells 700k+ PSLV

April 28th: Sprott sells 1.6MM PSLV

March 12th: Sprott files to sell his PSLV shares

March 8th: “Misinterpreting PSLV’s Premium to NAV

July 18th: “Ask Eric Sprott Why He Won’t Buy More Silver for PSLV

Of course, the question in that last link is rhetorical – the reason Sprott won’t buy more silver and do a PSLV secondary offering (yet) is because he wants to unload his shares on the confused public at a 20% premium to NAV first (and yes, again, I understand that Sprott is reinvesting the proceeds into other silver instruments that are not trading at 120% of their underlying value, which PSLV is – that’s the entire point).

-KD

disclosure: no positions in $PSLV

 

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