WestFire Energy Ltd T.WFE

Srott Resource Corp

[barneyj44]

just came out with there quarter;y numbers ,below part of there report, welcome to the club. Oil over $100 yesterday and we barely break $5, time to put the company up for sale.
As global and energy markets declined in the quarter, SRC suffered a substantial reduction of value in its investment portfolio, particularly in its portfolio investments in WestFire Energy Ltd. ("WestFire") and Guide. However, SRC management believes that the energy sector will remain strong despite the declines in this quarter

[dmacd]

Thanks for posting that info. Some points to ponder regarding SRC ...SRC owns 22.5M common shares and 15.6M non-listed, non-voting convertible shares of WFE via their ownership of 71% of Orion prior to the merger. WFE has 86M shares outstanding (fully diluted) and therefore SRC owns 44.2% of the company. SRC has a board member, so they will have a solid impact on WFE path forward. SRC cannot sell

[kylerollwagen]

solid, very solid post.  thx