Ready to run?
Around June 16th Peter (Scorpio's CEO) mentioned that something is going to happen with this company in the next 4-5 months
https://www.ceoclips.com/companyclip.aspx?id=614&cliptype=company
We're now approaching that time window so I'm feeling pretty good about our outlook over the next 2 months.
We've also formed a nice base here in the low .90's and it's crazy that I'm happy about this as it is still way undervalued. There is only so much that I can buy though as I still need to diversify.
Brieger also mentioned that more analysts may start to cover this stock a while back and I'm hopeful this will come to fruition before the next couple of months. Also nice to hear about the record production (a press release every once in a while around some of this good news wouldn't hurt this company!).
Now this next part is completely my thoughts but I think Sprott might be taking a position in this company.
Here's why:
-they already own a huge position in Scorpio gold
-they have recently come out and said they are more bullish on silver than gold
-they were large owners of Platte and are very familiar with the potential of that mine
-they know about this company and are always looking for a great deal.
Time will tell to see if I'm right, but I sure hope so.