GREY:CLLZF - Post by User
Comment by
Wellsitteron Oct 28, 2010 3:58pm
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Post# 17626117
RE: anyone have house positions???
RE: anyone have house positions???Nuttall commenting on management is hilarious considering he vaulted straight from high school into an executive position at Sprott. He might as well be commenting on nuclear physics because he is equally qualified in that field. What was his previous business experience other than carrying the younger Sprott's gym bag? Did he work his way up to "crew-chief" at McDonald's before getting his Investment Dealer's Certificate at night school?
And as someone else pointed-out, his pick, Southern Pacific is on exactly the same track as Connacher but with fewer proved resources and pre-debt. Connacher had production from outside Great Divide before building, SP has production from outside too. Connacher said they would borrow and build and then become self-sustaining from production revenues, so does SP.
I suspect the reason for wee Eric's bias is built upon the same foundation of bias as every other shill before him... CLL does their financings with someone other than Sprott. I don't know if Sprott has SP's business now or if Eric is just "taking a chubby" for the Sprott team in the hopes of getting a foot in the door. One thing for sure is CLL isn't going to need Sprott's services in the near or mid-term but SP is going to be looking to Sprott or someone else in the business to secure $300+ million in financing. That's a ton of commission potential. I'm sure that had nothing to do with it though.