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Bullboard - Stock Discussion Forum Sprott Resource Corp Ord SCPZF

"Sprott Resource Corp invests and operates, through its subsidiaries, in the natural resource sector. It has investments in oil and gas exploration, production and services, mining and agriculture."

Bullboard (GREY:SCPZF)

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Post by pmac2015on Dec 09, 2016 3:13pm

Corsa Coal makes 52 week high today

Position represents $0.53 per SCP share. And yet SCP is down today... 
Post by joejoe88on Dec 08, 2016 12:32am

Bad move by ADI

Bad move by ADI. I don't understand how this offers value at all to ADI shareholders. Sprott have a poor track record.
Comment by pmac2015on Dec 07, 2016 10:11pm

RE:C.C.

Not a very active shareholder base indeed. I think about 28% of the shares voted the annual proxy. I wonder does this mean the deal is sure to go through? Do they need a certain amount of shareholders ...more  
Post by tatkoon Dec 07, 2016 9:01pm

C.C.

All this merger created so much excitement on the Bay Street that ...... nobody even cared to ask any questions at the end of a C.C. Not a very good sign, but let's live and see what is it going ...more  
Comment by idiosyncraticon Dec 05, 2016 4:14pm

RE:conference call tomorrow

The pro-forma company is going to have about 500 million shares outstanding (1/2 billion !), plus a boat load of warrants.   Remember, the transaction is structured as Adriana effectively " ...more  
Comment by carlson8on Dec 05, 2016 12:40pm

RE:conference call tomorrow

i agree, both that the deal is worthwhile and that the stock lack of response is surprising
Comment by pmac2015on Dec 05, 2016 12:36pm

RE:conference call tomorrow

We will effectively be receiving 3 shares of ADI which trade on the venture exchange (ADI-V). They are currently at $0.18 which values SCP at 0.54.  The 70 cent valuation that Sprott Inc is ...more  
Post by nickbillfishon Dec 05, 2016 10:32am

conference call tomorrow

suggest those that have questions listen to the call and pose your questions to the deal.  I plan to listen.     I'm all for a stronger entity.   We get 3 shares ...more  
Comment by pmac2015on Dec 01, 2016 9:02am

RE:managment

Yeah the deal is blatant. Its set up so that Sprott Inc, can maximize its ability to earn management fees off of these assets. The second priority is for SCP managament to maintain their high paying ...more  
Post by tatkoon Nov 30, 2016 2:33pm

managment

Question. What do you get, when you put two bad management teams together? And yes, I thing the SCP shareholders are holding a bag again, if you ask me. Why don't we get warrants?
Comment by cyanide5on Nov 29, 2016 11:25pm

RE:RE:RE:Proposed Merger - Devil is in the Details

I have owned Adriana for quite sometime. They have a world class iron ore project.  My thoughts of the combination!! scp is cheap compared to their nav adi is trading below its cash value (close ...more  
Comment by pennydredfulon Nov 29, 2016 9:35pm

RE:RE:RE:Proposed Merger - Devil is in the Details

Excellent   post  .  I  agree    100%   .  
Comment by carlson8on Nov 29, 2016 6:03pm

RE:RE:Proposed Merger - Devil is in the Details

in what way is this better for SCP shareholders? we have cash and no debt now, so failure is not possible. why do we want out for a pittance? why does ADI get a bigger premium, plus they get warrants ...more  
Comment by pmac2015on Nov 29, 2016 3:29pm

RE:Proposed Merger - Devil is in the Details

After reading through the details there are some things that are positive. Mainly the investment by Sprott Inc, and Rule, buying shares at a premium. So liquidity should improve and NAV does increase. ...more  
Post by pmac2015on Nov 29, 2016 10:45am

Proposed Merger - Devil is in the Details

One troubling thing that jumps out is..  " Sprott Resource Consulting Limited Partnership will receive 21,750,000 Warrants as a long-term incentive to replace the profit distribution ...more  
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