GREY:WFREF - Post by User
Post by
soundandfuryon Jun 14, 2015 10:30am
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Post# 23828566
sprott has lost shirt on lre
sprott has lost shirt on lresprott investment in lre is 154 million..............and to date they have realized 74 million .......................that is about a 50 percent return on capital invested.........................they got 8.8 million in dividends and realized through secondary offering in q2 2014 64.3 million. Now they are leveraging the 75 million to pvurchase as many lre shares as possible before making buyout offer to acquire the company and move it into one of their private equity solely owned energy plays like
ONE EARTH OIL AND GAS. Sprott owns about 12 percent of long run energy....................this is valued at about18 million dollars compared to the 70 million dollars sprott has not realized..........................they must be very unhappy......................rotflmao.