Re: Jean-Francois Tardiff of Sprott Asset Management on BNN - Rundle
posted on
Jan 03, 2008 07:37PM
If you went from ~6.5% to ~11% of ownership in a company like Noront Resources during the Nov.-Dec. time frame and while you were increasing your position by as much as 4-5 million shares the SP kept coming down and you could keep buying more Shares at ever lower prices and you kept adding to your position as Sprott has done and you were the Fund Manager responsible for the Fund doing that kind of buying and are expecting the eventual gains on that Stock to more than cover all your loosing alternative Stock selections, how may you feel on a widely broadcasted Business/Investment show when a phone in caller asks your view on the company you now hold ~11% if the shares in, especially after seeing the shameful mid afternoon Exchange Trading Display that we all saw first hand with respect to Noront Resources. Would you be good at hiding your concern for the manipulation we have witnessed? Would you rather he say, 'Look at how the SP is being Manipulated - that is great for my ~11% ownership in this company'?
Recall the other investment guy in October and his remarks after more than one nights lost sleep preparing for the 'Oh, I missed it Completely' thud delivered on this same Business Network.
I take JFT over someones Mr. Magoo every day all day.
Old Joe