Sprott Resource Corp Ord SCPZF

High priced execs

[auburn2]

These all stars are taking at least 7 million a year for themselves. Something to consider when touting an unvervaluation.

[carlson8]

are you talking about Sprott Resource Corp???   Mgmt Fees and Compensation is about $1.1m total in the 6 months this year (june financials)

[auburn2]

Yes, I should have been more clear. I was including all expenses, the point being that there is significant overhead. Probably for that reason and others these sorts of companies never trade for close to book value.

[nickbillfish]

The finance expense should go away as the loan matures here in November and we have more than enough cash to pay off.   That was $700K for six months and the interest rate is 8%, no way should that be renewed at that rate to Sprott Lending.    The management fee is 0.5% of the quarterly NAV which has plummented.   Probably should be 0.5% of the average quarterly

[nickbillfish]

The reason I invested as I figured Sprott know way more then I will ever now about this type of investing.       I have a long list of failures and some hits   it's tough to wade play in this space.       I suggest you listed to the conference calls.   They look at 100's of deals per year .   I don't 

[nickbillfish]

(spell check) The reason I invested as I figured Sprott know way more then I will ever know about this type of investing.       I have a long list of failures and some hits but  it's tough to play in this space.       I suggest you listed to the conference calls.   Sprott Resource look at 100's of deals per year