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Sprott Resource Corp Ord SCPZF

"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

Comment by carlson8on Oct 14, 2016 8:16am
179 Views
Post# 25342676

RE:Corsa Position

RE:Corsa Positionthat's an excellent point. there probably are valid business reasons to participate in CSO offering, but in general it's difficult to imagine a better, safer and more lucrative investment than simply repurchasing our own shares at less than half fair value. i think steve yuzpe gets this and i look forward to seeing him take serious action. after selling the rest of ICD, buying those CSO shares and paying off the debt next month, i guess we'll have around $23m so i expect buyback to begin in november
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