Sparton Resources Inc V.SRI

Alternate Symbol(s): SPNRF

Energy

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.

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Sparton Resources Inc > i had suggestion to CEO to split Sparton to 2

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Comment by kewlmoedon Feb 02, 2022 10:46am

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Post# 34389005

RE:RE:RE:i had suggestion to CEO to split Sparton to 2

SRI owns 9% of VRB. Just buy the shares and you will own VRB. You dont need to split it to own more shares calling it VRB Canada. Which its not, VRBs holds 9% interest and have do nothing with the day to day operation.

Thats like goldman sacks owning 15% of a company then spliting goldman up because of the holdiing

Removing the gold component would remove a buffer with the inflation issue on the table and gold set to rise significatlny.

GoldPathfinder wrote: I also think it is a interesting idea to split Sparton in 2!

The ownership of VRB Energy & the other part of Sparton do not have anything with each other to do.
I is mostly interested of VRB Energy and would prefer to own more of this business.
I also think it will be easier to value the separate parts.
I belive that the VRB Energy stake is higly undervalued compared to if there will be an IPO of VRB Energy in the future
A separation can attract more investors to Sparton 2 (VRB Energy) as i belive it can be a dealbreaker to have to invest in a messy bussinesss idea.