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Sparton Resources Inc V.SRI

Alternate Symbol(s):  SPNRF

Sparton Resources Inc. is a Canada-based mineral exploration company. The Company is focused on exploring gold projects near producing mines on or near the gold producing trends in northeastern Ontario and northern Quebec, where it holds interests in three exploration prospects. Its properties include Oakes Gold Property, Pense Property and Bruell Gold Property. Its Oakes Gold Property is located in the gold producing area, on the extension of the Kirkland-Larder lake gold structural system. The Company controls approximately 46 mining claims and three mining leases in the Matachewan Gold Area, comprising about 736 hectares or 1472 acres. It has an option to explore the 39 claim (865 hectare) Pense Property in Pense Township, Ontario. The claims are located near the Quebec provincial border, approximately 25 kilometers east of Englehart, Ontario, in the Larder Lake Mining Division. It has over 51 claims in the Bruell property package, which is located in Vauquelin Township, Quebec.


TSXV:SRI - Post by User

Bullboard Posts
Comment by dusty6on Apr 18, 2012 5:44pm
259 Views
Post# 19809795

RE: Mr. Barker, what's going on?

RE: Mr. Barker, what's going on?

Although the insiders sold at .07 they saved themselves some money seeing the share price is down to .04 and possibly going lower. In my opinion they were not market calls but likely someone in the know. Lee said we would have the permit in January then in March he also mentioned that there was an agreement for OSK to release something by the end of March about results on the joint venture with SRI.

To date Lee has been batting a big ZERO hence the share price in the toilet.

In my opinion Lee should let someone else lead this company, hopefuly in a northerly direction.

 Is it possible that the permit is deliberatly being withheld?

Could there be a hostile takeover and if ther was would all the patents from Sparton go to the new owner?

Dose Sparton have a poison bill in place?

Hypothetical: Sparton brought down to three cents and a hostile takeover is but in place and the plunders offer a premium of 100% which would bring the price to .06 cents a share. 98,000,000 x .06 = 5,880,000

If that were to happen who would be the buyer, could it be a company out of China?

Wake up Lee and smell the coffee and maybe check your ego

 

Bullboard Posts