GREY:SCPZF - Post by User
Post by
pmac2015on Sep 08, 2015 5:34pm
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Post# 24087071
Sprott Authorizes new Normal Course Issuer Bid
Sprott Authorizes new Normal Course Issuer BidNew Authorization represents 9% of outstanding float. Perhaps now we have reached a bottom? Investors are more than tapped out.
What still remains unknown is how often they will be able to purchase shares and not be "blacked" out. Also, will they have access to sufficient cash to buyback the full authorization?
The largest position and most liquid position in the portfolio, ICD, now represents 73% of the market value of SCP or $0.45/share.