By Amanda Van Dyke | Saturday 9 May 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Towards the end of April, Sprott Asset Management LP announced plans for a $898-million hostile takeover bid for Central GoldTrust and Silver Bullion Trust. The offer would involve trading units of the target trusts for units in Sprott’s trusts, all on a one-for-one, net-asset value basis. My colleagues at Palisade Capital interviewed Rick Rule of Sprott last week asking why go on the takeover trail now when all things mining are bombed out. Also why should one get exposure to physical gold and silver rather than mining shares.
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