Sprott Resource Corp Ord SCPZF

RE:Down 7% in Februaury

[noffcoff]

Activity! At this point ANY activity! 

Here's the thing, in November they sold their remaining 60,000oz of gold bullion at around $1270/oz, and raised 76M dollars in the process. They paid off their debt and were left with 24M dollars of free cash with which to pursue investment oppotunities. That was great, I was all for it! But we're going on 5 months now without a new investment to speak of, and meanwhile gold is trading at $1325/oz... about 5% higher than where they dumped out. That leaves me wondering, if there was no immediate target which they needed the cash for, then why did they bother getting out of gold? They could have paid off their debt with 40,000 ounces and kept 20,000 in bullion, which they could liquidate if and when they required it. Instead we just have exposure to cash, and none at all to gold. 20,000oz would be worth another 1.5M or so right now... 

I'm not looking for them to buy something just for the sake of buying, but I could stand for another "business update". Some sign of a pulse. One watches the precious metals and uranium markets starting to build strength and one feels compelled to tap on the glass. "Hullo? Anyone in there?"

Two of their key points in their last business update:
  - regular quarterly conference calls.
  - Accelerate new capital deployment

If they can do both of those things it will put many of my concerns to rest.