RE: spot price circa $2625 Mar 2020 15:48
Hi, i get NAV closer to 2.49 now. Which implies you are buying the underlying around $18.90
Compare this to either spot (Numerco was last 26/26.5) or Uranium Participarion Note which I get to be trading at an implied underlying of 23.50. Yca is incredibly cheap
On 20march NAV was 2.32 with spot at 24.1 and GBP at 1.1629
Today spot 26.25 gbp 1.169, price 1.80 so trading at a 28% discount
For UPC on 29 feb NAV 4.33 spot 24.7 CAD 1.3429
Today spot 26.25 CAD 1.434, price 3.76 so trading at 10.4% discount