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Bullboard - Stock Discussion Forum Spearmint Resources Inc C.SPMT

Alternate Symbol(s):  SPMTF

Spearmint Resources Inc. is a Canada-based junior resource exploration company. The Company’s primary projects include four projects in Clayton Valley, Nevada, such as the McGee lithium clay deposit, the Elon lithium brine project, Green Clay lithium project, and the Clayton Ridge project. Its other primary projects include the Perron-East gold project consisting of five mineral claim blocks... see more

CSE:SPMT - Post Discussion

Spearmint Resources Inc > Bantaly, The Question, Why Did Sprott go PP??
View:
Post by lithomon on May 15, 2021 3:18pm

Bantaly, The Question, Why Did Sprott go PP??

True, to some of the bashers, this is likely a Stunning Surprise.

Keep in mind that Sprott likes to be the "Kingpin" shareholder in a developing resource or discovery that is often part and parcel of the greater whole.

And if the insider ownership of Spearmint is considered to be lightweight then it becomes the perfect opportunity for Sprott to eventually become the heavyweight holder of the developing discovery or discoveries.  Then other spokes in the wheel will also eventually be recommended. 

At this price, it becomes a relatively easy opportunity to become the "kingpin" holder.

The Private Placement all makes perfect sense now, i.e. the subscription terms, 20 cent financing with 30 cent warrants attached....The Initial Investment.
Comment by BearBull007 on May 15, 2021 6:57pm
The flow-through shares aspect of the PP was also very attractive: https://www.miningtaxcanada.com/flow-through-shares/ In the mining business, it is quite common for mining companies (especially smaller ones) to have no net income for tax purposes. Since generally expenditures on exploration and development can only reduce taxes owing down to zero, such mining companies may find themselves ...more  
Comment by amxjavelin on May 15, 2021 7:18pm
Because He's smart and Knows a great  deal when when it arises$$
Comment by MimieMaumie on May 15, 2021 11:45pm
Amxjavelin: When what arises??  I thought we were talking about PP...
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