RE:RE:What The......?GreekGoldGuy wrote: Let's see, now why would NFG want to control 19.2%? Why would Eric Sprott want to control 26%, Crescat is probably below 20% now. Could it be, that they know something? BTW, this makes the second time that NFG and Sprott participated in funding for Exploits.
Greek,
The first go-around, NFG got NFLD shares in exchange for allowing NFLD to drill on NFG claims in the Jonathan's Pond area that weren't a priority for NFG. Sounds like a smart move to me by NFG - get a piece of any upside to NFLD without investing a dollar.
This time, money is being paid for the shares - I'm not a fan of that.
Also, people keep bringing up Eric Sprott. He's a smart guy when it comes to precioius metals investing, but it appears to me as if he's a buckshot investor. He has stakes in a huge number of precious metals companies in many countries. They aren't all going to be home runs, so just because Mr. Sprott has skin in the game doesn't mean you have an automatic winner.
Here's just a sampling of the precious metals companies he's invested in outside of North America since the beginning of 2020:
$7M in Jaguar Mining (Gold - Brazil)
$20M in Gran Columbia (Gold & Silver - Columbia)
$1M in Outcrop Gold (Gold - Columbia)
$3M in AbraSilver (Silver - Argentina)
$15M in Erdene Resources (Gold - Mongolia)
In other words, it appears as if he bets on a lot of horses believing some will be such big multi-baggers that they will more than make up for those that are busts or dead money and thus will end up a big winner overall. It's like he has his own private precious metals mutual fund where he holds 100% of the units. Nothing wrong with that, but don't assume that just because Eric Sprott is invested, the company will be a winner.