Anyone know if Eric Sprott is dumping?If he is not dumping, then buy on any big dips or just hold if you already own shares IMO.
He loaded up on Kirkland Lake Gold and look at that chart (KL). If you don't know Eric Sprott, do your homework.
I bought in around 30 cents and still holding. Eric Sprott now owns 10.1% of RNX.
Eric Sprott Announces Holdings in RNC Minerals
Toronto, Ontario--(Newsfile Corp. - September 20, 2018) - Eric Sprott announces that today he purchased (through his holding company, 2176423 Ontario Ltd.) over the Toronto Stock Exchange, 561,000 common shares (representing approximately 0.1% of the outstanding shares) of Royal Nickel Corporation (doing business as RNC Minerals). The shares were purchased at $0.4284 per share for total consideration of $240,332. This press release is being issued pursuant to Canadian early warning requirements because Mr. Sprott's beneficial holdings of shares has increased to greater than 10% of outstanding shares of RNC Minerals.
Mr. Sprott now beneficially owns and controls 40,216,042 shares representing approximately 10.1% of the outstanding shares of RNC Minerals on a non-diluted basis. Prior to the foregoing sales, he beneficially owned and controlled 39,655,042 shares representing approximately 9.9% of the outstanding shares of RNC Minerals on a non-diluted basis.
The shares were bought for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional shares either on the open market or through private acquisitions or sell the shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.