Exactly They are like any other mutual fund buying stocks for their funds. What I meant is that their clients are not telling Sprott to buy the shares on their behalf. Sprott obviously is a big believer to make a bet on kxl and buy shares for many of their funds, not just 1 or 2.

Yes the owners of the fund units ultimately own the shares but Sprott is responsible for stock selection and will be judged by the fund owners on their performance.I sincerely hope that the fund owners will think that Sprott managers are geniouses. Rico