GREY:WFREF - Post by User
Post by
qwqwon Nov 18, 2014 10:27pm
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Post# 23142420
The Sprott Factor
The Sprott Factor
Sprott still owns 12% of LRE and paid $100 mil for the privilege (current value $65 mil).
Sprott has influenced LRE's decisions over the years including the mergers and paying a div.
It was Sprott's idea for the div and cutting it would not be in Sprott's interest.
Sprott's investments have been mediocre at best and badly needs a home run.LRE being sold
off would do the trick.The div will likely remain intact until the sale.