Rick Rule and ATACAccording to SEDI:
The Rule Family Trust owns close to 7.9 million shares in ATAC.
Strategic Metals Ltd owns 9.8 million shares in ATAC.
The Rule Family Trust owns 8.4 million shares in Strategic Metals Ltd.
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Rick Rule and his fund are heavily invested in ATAC
https://www.vantagewire.com/articles/showarticle/671/Rick-Rule-Systemic-Shock-Will-Kill-Sucker-Rally
High-Quality Juniors: Hot-Ticket Tickers
The fact that the majors have lapsed when it comes to replenishing reserves and discovering new resources has paved the way for smart, resourceful, well-managed juniors to enjoy exponential growth and then get swallowed up by a major "at a substantial premium to what it is in fact worth on a net present value basis," Rick says. "We've seen M&A activity fairly strong in the last 18 months, and the next 24 months will dwarf what we've seen so far." For those reasons, he adds, he's "reasonably attracted" to a portfolio that contains "extremely high-quality juniors."
He puts the emphasis on that last phrase—"extremely high-quality."
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As Rick sees it, the only way to make money in this sector is by "pawing through the frauds to find the needles of value in this fraudulent haystack. Not an easy thing to do."
As part of that process, he explains, "Whenever I buy a stock, I have an absolute reason for buying it. I have an informal target, particularly with regards to the juniors. Value is added by the probability of answers to some questions. Before I buy the stock, I say, 'What is the question?' 'How does the management team propose to answer it?' 'Is that efficient?' 'Do they have enough money to do that?' 'What is the likely value of yes?' 'What is the probability of yes?' 'And how long will it take to get that yes?'"
Generally speaking, Rick says that he personally will not buy a junior stock absent "a reasonable possibility of an 18-month double and. . .that a succession of 'yes' answers couldn't give me a tenfold return."