OTCQX:BGMZF - Post by User
Comment by
2guyson Sep 29, 2013 8:28pm
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Post# 21776991
RE:Checkout FAU
RE:Checkout FAU
Sprott also invested $Large in Sola Resource which I was an investor in at one point.
Sola went on to consolidate its shares and is now CNY and is currently trading at its post consolidation price years later.
Their CEO of Sola used to post on Stockhouse, but that's an unrelated story to BGM so it really doesn't matter, yet Sprott invested and I guess lost just like many of us who invested.
Sprott is a great investor, don't get me wrong, but I think that he relies on very huge capital gains to more than offset potential losses, and he has done well using this strategy.
The thing here is, that Sprott did not buy into a pp, instead chose the more secure lending of money with 100% assets as security.
Not sure where this will end, but I'm not that confident it will end well for shareholders. JMO