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Sprott Resource Corp Ord SCPZF

Energy Oil & Gas E&P
"Sprott Resource Corp invests and operates, through its subsidiaries, in the natural resource sector. It has investments in oil and gas exploration, production and services, mining and agriculture."


GREY:SCPZF - Post by User

Sprott Resource Corp Ord
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Comment by pmac2015on Apr 20, 2015 11:04am
162 Views
Post# 23646212

RE:RE:RE:RE:Big Run up late Friday

RE:RE:RE:RE:Big Run up late FridayLook at the price of ICD today, up 6.5%. The position is now worth $0.48 / share. 

I think it would be fairly easy for SCP to find a buyer of the position.  They could then use that money for a dutch auction to buy back a significant amount of shares ($45 million worth, more if they sell other liquid assets).  That would close discount gap in a hurry.

Now are there are investors out there with enough shares to make this happen?
Bullboard Posts
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