RE:Jerritt CanyonCouple points. 1) Simplywall.st shows that Sprott Mining currently holds 1.8M shares, after all the selling they did earlier in the year. Would they knowingly shoot themselves in the foot on their remaining position like that? 2) Today we ended with the share price at just 30 cents $CAD less than where we were on Feb 27th when insider Todd Anthony (head of Corp Development) picked up 41,000 shares. 30 cents - considering the announcement - seems like a wash.
hankhenry44 wrote: Hard to believe Keith got sucked in so bad by Eric Sprott. Paid $470 million for that mine and 100s of millions more to "fix" it. Jerritt Canyon is a GRAVEYARD. There have been numerous operators and they all seem to run it for a while and then sell and get out. Previous operators include Anglogold, Meridian, Quenstake, Yukon Nevada, Sprott and now FR.