RE: Sprott's commentEric Sprott is the best short seller in Canada.
He chose this kid long before he let go of the helm
This kid bought at 40 with a 60 cent warrant
Did he say he still owns both? No
Did he try to sell you this after it fell below his 40 cent entry? yep
Did he say his fund runs long short?yes
Can he lend his shares short? yes
Does he trust management? No
Did he play the they need to raise money cause they are broke card? Yep
Did the company say the ran out of rig? no
Did he say Balay 1 paid for itself in less than 3 months? no
Who benefits from the capital raise? You? Me? Insiders? Sprott?
Who was short Pacific Rubiales Energy Corp. under 19? Me? You? Nuttall & Co?
Who just opened up their Revolving Credit Facility so they do not have to turn to the street for money?
Someone who owns more than 17 million shares put Ronald Pantin on that board the hour they knew Paul Kroshko...looks like it was not Sprott which should be your only concern.
BTW i own this is in the red and owned PRE.TO @ $5 in a sheltered account so when they lose i lose.
Irrational man understands why stock is acting irrational.
This is not about production.
This is about trust.
There is zero trust in management, all the colorful backgrounds of who sold us these assets, who minds these assets, and lastly hunting for oil profits with people who a much greater greed agenda than us.
Cutting off the Green Power incest gravy train is the biggest headwind I see