RE: Sprott - TMEHey Van,
My interpretation of the line that reads "an increase in the aggregate number of currently issued and outstanding shares has resulted in a net decrease of 2.5% of the Offerors holdings" suggests that Sprott did not actively decrease their holding, but rather their percentage total has dropped because because of financings by Temex and options, etc.
It does state two lines above that they did increase their holdings by 1.8 million common shares, however, it also says they decreased their warrants by 1.3 million. Do you think this means they were exercised or that they expired?
Anyways, that's my analysis from reading the the report.
Thanks & GLA