SPOXF - Sprott Is Yet Again Out Of Sync With Fundamentals And Industry

Investment Thesis

Sprott Inc (OTCPK:SPOXF) has had a terrible performance over the last few months, despite the fact the many of the most important underlying products have been relatively flat after the run up we saw earlier this year.

The Physical Gold, Silver, and Gold & Silver Trusts have significantly more assets under management than the other products. They are consequently more important to the exchange listed products segment and overall company.

Data by YCharts

Figure 1 & 2 - Source: YCharts & Q3 2019 Financial Report

This is not the first time

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