Royal Nickel Corp. RNKLF

RE:RE:Eric said.........

[pierreg]

mathandmass Eric Sprott while on Sprott Money News Weekly Wrap-up - 4.26.19 about the likelihood of Eric Sprott getting out of one of his positions. Also, why would he be reporting late, as his RNX position has fallen below the 10% insider threshold?

Question: «Someone also asked about a company called Red Star Gold that perhaps you had owned in the past and so this person bought some and then you had maybe sold some and just wondering if you could provide more coloring on that one? »

Eric Sprott: «Lots of investments in things that I think have the opportunity to surprise and therefore go up multiple times and of course lots of those they do surprise, on the downside.
Red Star obviously in that category. I still own it. Every share I ever bought I still own and typically when you buy the kind of positions I buy, you don’t get an opportunity to get out because once you start selling everyone is kind of all over it. »

I think Eric Sprott might strategically be reporting late. When Eric Sprott buys RNX the market reacts favorably and the share price increases and as such, if he is in an accumulation phase I believe he might delay reporting to buy the current depreciated stock price unannounced.

The fine would be small for Eric Sprott as per https://ceo.ca/@pierreg01599501?b43b4b970b4e : «SEDI Late Fee Payment of $50 per calendar day per insider per issuer. Subject to a maximum of $1,000 per insider, per issuer within any one year beginning on April 1st and ending on March 31st. »