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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."


GREY:SCPZF - Post by User

Bullboard Posts
Comment by plin_plonon Sep 04, 2012 5:54pm
200 Views
Post# 20316829

RE: Willl this help the share price?

RE: Willl this help the share price?

If I understand the facts properly, the deal is really amazing: for the investment of some 45 M$ in Waseca, the SRC shareholders will get:

- 99 M$ in cash (106 M$ if SAGD Assets sold), and

- Twin Butte shares worth some 60 M$;

all in less than four years! It is more than 40% annualized gain. Amazing!

I really don't understand the price action today.
 

 

Bullboard Posts