RE:RE:Sprott FactorEarly. I have to say I'm a little sceptical. Our management was totally incompetant to let the market price SPA at 10¢. Maybe it was deliberate, I don't know. They just refused to promote the stock, and the board is invisible. We've ridden the Sprott factor to 40-50¢ at the price of dilution, and there is no new news, only a 50% dilution and $36m in the Treasury. Larry has gone all out to raise cash in a fair wind. I dunno, I just think us poor retail investor has been shafted here. Unless we get more hype out of the Sprott factor I cannot see this going much, maybe 60¢ or so, and all the shares will come on, about 415m worth, so there is bound to be a pull back, and the hype is bound to bust in the juniors. It takes us finding one hell of alot of ozs to get back to where we were, and Larry should have waited to raise capital, at a higher share price. We have an accountant running the show and it shows.
For all those cautious investors who don't want to be burned, I'd say take some risk off the table.
I could be absolutely wrong, this could swing to $2, and I'd look a complete idiot.