Sprott Sells Another 1MM PSLV Shares

Eric Sprott’s latest $PSLV 13-d is out, showing another 1,006,200 shares of PSLV sold from his Charitable Foundation, at premiums to NAV in the 21% range:

Date of
Transaction
Number of Units
Purchased/(Sold)
Price per Unit
9-28-11
(48,800)
$14.4596
10-4-11
(13,200)
$14.1723
10-6-11
(585,000)
$15.0959
10-7-11
(232,000)
$15.0698
10-10-11
(68,600)
$15.1270
10-11-11
(58,600)
$15.0819

 

The  Foundation now holds 2,803,115 shares.

for the background:

Sep 30th: Sprott sells 1.5MM PSLV – The last of the hedge fund shares

Sep 19th: Sprott sells 1.754MM PSLV

Sep 12th: Sprott sells 1.827MM PSLV

Aug 26th: Sprott sells 1.6MM PSLV

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

-KD

disclosure: I am once again short $PSLV and long $SLV.  I put this trade on last week when PSLV spiked on what appeared to be either an error or a sloppy execution. I guess Sprott saw it too, because he sold a nice chunk of shares that day – Oct 6th

PSLV (blue) vs SLV (Red) Intraday 10/6/2011

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