Different Thoughts on Sprott

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Different Thoughts on Sprott

posted on Feb 07, 2008 06:38AM

Here are some facts to ponder.

1)Most people here are upset about JF Tardiff and John Emery.

2) Sprott owned 11% of NOT(13-14M shares) on Jan 03, according to JF telling Howard Green.Share priced closed Jan 03 at $4.14.

3) Emery appears on BNN Jan 09.Share price closed Jan09 at $3.72.

4) Someone(sorry cannot remember who) posted in the last couple of days.Sprott owns 3%(Approx 4 M shares).

5)From Jan 03 to Jan 31 Sprott sold approx 9-10 M shares. During this time the share price remained mostly below $4.00.

6)Why did Sprott sell all/most of these shares below $4.00, only to buy back in at $4.00, other than the Warrants?

I too was miffed at the way they downplayed Not.

But I just do Not understand their reasoning for doing what they did, unless they have learned something, that we are not privy too.