New Found Gold Corp V.NFG

Sprott again

[rummager]

Sprott has invested another$15B at $5.25 a share - flow through.

[likeike]

Gee rummager I know Eric Sprott is a billionare but how many Billion did he borrow to buy a company that is worth 500 million. Do you think anyone but borrow him a trillion dollors ? IKE

[Irreverent_1]

Didn't ES recently lighten his position a few months back?  Why was the dilution even necessary given that the company has $70 million or so in the til?  Did he just walk into their office with his BBC  swinging to and fro, sayn "yo homies, I need more of this?"  (relax, its just a humerous metaphor. BL do M).  Regardless, I'm thankful that his journey

[lifegoeson]

Irreverant..... my dad always told me, take the money when you can. Markets can  change rapidly and turn south and then money will dry up and not be available. Eric is smart, he is placing money in high priority plays because the junior resource market is being fueled by the demand for metals. Let's put it this way, Eric may be a millionaire, but he is no fool.

[likeike]

Didn't ES recently lighten his position a few months back?  Why was the dilution even necessary given that the company has $70 million or so in the til?  Did he just walk into their office with his BBC  swinging to and fro, sayn "yo homies, I need more of this?"  (relax, its just a humerous metaphor. BL do M).  Regardless, I'm thankful that his journey

[BlindBoy]

He sold slightly over 1/2 of 1% of his position in late november, at an average of about $0.60 lower than he subscribed for in his new F/T PP.  He has paid more to increase his position by  > 11%. Note that the info on the official SEDI filing differs slightly from that shown on the Deep Dive article. 

[likeike]

So a couple of things BlindBoy These are flow thru shares so he gets a tax deduction so what did he really pay? From rumours I have heard how fantastic the current and up coming drills are he may very well have seen or talked to someone.  Gold fever is so hard to hide even if you are an accountant by trade. This is still no different then when he showed up and said count me in on