Sprott Resource Corp Ord SCPZF

RE: RE: Ag Sector ???

[Sailortony]

Thanks for the pointer and the links, dogname.

Indeed here is the short comment in the 2Q MD&A:

" Investment Portfolio
The Company’s investment portfolio remained relatively constant at $39.9 million as at June 30, 2010 versus $41.0 million as at March 31, 2010. The distribution of securities changed significantly during the second quarter as the Company made additional investments of $5.3 million in the Union Agriculture Group (“UAG”), a private farming operation based in Uruguay, South America which was offset by realized profits in one investment and unrealized mark to market losses in the public securities. To date, the Company has invested $28.7 million in UAG and holds 14.7% of UAG’s issued and outstanding common shares."

I had missed that one.

I like the idea of being involved in farming in SA. I like the UAG strategy and they are getting ready to go public.

All sounds like good news to me as we are already a major shareholder.