If Sprott exercises their warrants they will have over 10% of the company so they are booking some losses.

32 million plus 1/2 warrant = 48 million

Maybe they are taking the loss in one of their accounts knowing they will buy it back when they exercise their 18 cent warrants after the 4 month hold is off and well beyond the 30 day grace period.

It costs them nothing, they get the tax break and they get the shares back at the exact price they sold them for.

Question is will they sell all 16 million shares?

Sprott's largest holding is the Gold and PM fund which has 5.6 million shares in it. If this is the fund that's getting liquidated then it's almost done. The seller is now up to 4.7 million.