RE:RE:Blackrock Gold To Raise $7.5 Million At $0.72 Per Unitoxinos wrote: It's trading at a huge premium to the Financing. Why?
Sprott always gets to buy at bargain rates because his commitment is a form of guaranetee to the company concerned that he's there for further financing as long as the company keeps coming up with results.
Very, very few individuals can offer such insurance. The only thing better than Sprott is a mining major but majors come in much later in the exploration process than Sprott does. If it weren't for Sprott a lot of explorers would die of financial exhaustion before they have a chance to prove what they've discovered.