Q: Hi Peter and Team,
Sorry about all these questions today. However, i know you cant comment on Sprott companies, however, can you comment on a trade i am thinking of doing with them. You see, Sprott Lending is being bought buy Sprott Inc for $1.65/share, currently Sprott Lending is trading at around $1.40/share. Do you see where i am going with this? to me, i think buying Sprott Lending is a good arbitrage trade as this is would be a 1.65 - 1.4 = 0.25/1.4 = 17.8% gain in under a year or even under 6 months depending on how fast the acquisition is. I hope you can at least comment on this.
Sorry about all these questions today. However, i know you cant comment on Sprott companies, however, can you comment on a trade i am thinking of doing with them. You see, Sprott Lending is being bought buy Sprott Inc for $1.65/share, currently Sprott Lending is trading at around $1.40/share. Do you see where i am going with this? to me, i think buying Sprott Lending is a good arbitrage trade as this is would be a 1.65 - 1.4 = 0.25/1.4 = 17.8% gain in under a year or even under 6 months depending on how fast the acquisition is. I hope you can at least comment on this.