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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

Comment by mo1975on Jan 12, 2017 9:22am
278 Views
Post# 25698436

RE:RE:for or against

RE:RE:for or againstI have received the circular regarding the deal....  complicated because it involves more than just the two entities.... with the sprott limited partnership...etc.... they use nav rather than share price to calculate the premium offered to sprott..... anway 3 shares at 19cent  that equals  57 cents  if the stock does not fall right after the deal....adi are also getting warrants  so they have an incentive there... i looked at the board of directors of adi  and of the nine  only 3 had common shares  the rest only have options... so take out the ceo and your left with two directors that invested in their company.... not many...  so i am on the fence do not know if i should go yes or no


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