Royal Nickel Corp. RNKLF

RE:RE:RE:sprott sale

[goldhunter11]

aubrey,
You are aware of the situation which has been discussed at length last week on this board. So, obviously the explanation below is not for you.

Eric Sprott was deemed to be the controller of the RNX shares in the Sprott Foundation which is a separate entity from his holding through the number company. He is the actual controller of amost 48M shares of RNX, and he has been buying from the open market since 4 Feb 2019. As indicated, the sale of 100k he authorized for sale last week was for the Foundation which sell its assets on a regular basis. It has some $77M (in some year) in its treasury, hence 100k shares at $0.48/s is nothing.
Also, as you said this is old news, and one of the "rules" for posting is that poster should check things out before posting, since false information may cause panic in the street.
GH11
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aubrey406 wrote:
old news. Sporty foundation sold 100 000 shares last week. Still holds 8.8% of the company. No cause for alarm.