Well, perhaps if all those shares were in one hand rather than several. Never the less, Sprott funds are playing with a lot of money.
By my calculations, in just the precious metals fund, sprot owns about $10,000,000 of GSC, the least held of it's 25 most held stocks. This would equate to over 22 million shares of TDC. Now considering that they have spread out their shares over 4 funds, that would mean Sprott would have to own about 90 Million shares of TDC for it to make the list. That would put TDC as principal owners of TDC.
That is in the Precious metals fund where they have about 600 million in assets. In the Canadian equity fund they have about 2 billion in assets and to make the top 25 list there, they'd need over 40 million shares alone!
Does this explain it?
