TSX:SGR.UN - Post by User
Comment by
Kayla3620on Sep 17, 2013 9:01pm
283 Views
Post# 21747182
RE:RE:Gold stocks advancing
RE:RE:Gold stocks advancing
I basicly told you in a post on Aug 22 that it was Sprott.I've known Sprott for many years,and he isn't inclined to sell shares too soon,he is very patient.His minimum target will be a 5 bagger,and he likes 10-15 baggers even more.Just to clarify....the shares are spread amongst several Sprott funds,and it is possible,however unlikely in my opinion,that the funds could do some short-selling.Sprott Asset Mngmt also runs some of the most select hedge funds in Canada.In addition all of the SPROTT MUTUAL FUNDS can short-sell 20% of the securities in the portfolio.The only shares that they can short-sell at the moment are the 9 million they held previous to this private placement.That would be pretty much counter-productive in terms of long-term share holder appreciation.
Hope this helps a few people out.