RE:RE:Just a Reminder !!!!!!!That's is true, Uncle Eric said he had winners and losers, ...he would invest more on his winners and wait for his losers to turn around, or trade them for other potetial winners (e.g GGI for ESK). Since he's comfortable with his spare change, he does not do any panic selling. As far s FVL is concerned , his current holding is some 23.4% OS, pus a bunch of warrants, say at least about 10M @ $1.65. If he want to invest another $16M in FVL then can convert them into shares at $1.65. Right now the SP is less than $0.60/s (dirt cheap)...so it's a "long way" to get up to 1.65. However, just about 1 year ago the price shot up from about 0.54/s to 1.75/s in a short period when they announced hole 2001 with and average grade of 2.94gpt/257m (16 June 2020). History may just repeat itself given the results we have so far (see latest Corp Presentation, and note that FVL has top cut for some of their best holes, e.g. 2017 for which the average results was severely undervalued with the top cut to 88gpt (for 588gpt/1.7m). The results without the top cut would be much much better and hole 2017 would rival hole 2001.
GH11
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StonksInvestor wrote: Each Warrant shall be exercisable for a period of up to 24 months following the closing of the Private Placement to purchase a Common Share at a price of $1.65. Exciting stuff!
That being said, it doesn't mean that Eric Sprott is always right.