RE:RE:RE:RE:Eric Sprott / 2176423 Ontario Ltd.JintsuGehan wrote: This post doesn't make sense. QH has free or dirt cheap shares, yet he has "huge risk exposure."??? How is there any "huge risk" when his ACB is peanuts and he's already up a ton on his dirt cheap holdings?? I wonder how many options he has left to convert. I'd like to see QH buying at these sub $ 5 levels...nothing of course as he has all his "free or dirt cheap shares." ES buying approx. 48 K shares is a drop in the bucket and "piece-meal." Eye candy for the die-hard to run to CanadianInsider and post the transaction. Yawn. If ES bought another million, then we're talking. JIN
whynotmoi wrote:
IMO, QH has an immense amount of his personal wealth tied up in Novo(acquired for cheap or free, yet he has a huge risk exposure already) and probably can't afford to add more out of his regular cash flow. ES is more diversified with plenty of new money to deploy. It's not a negative that QH isn't buying and it's not all that positive that ES bought 50k, a modest amount for him.
Why would QH buy more shares? When he proves out the basin wide theory, he'll have more money than he can ever spend