SKYPE INTERVIEW: Sprott Talks UC Resources Investment INTO Sprott + $100 Silver
posted on
Feb 10, 2012 04:38PM
Having a large fund invest millions of dollars into a junior resource company is par for the course ... but how often do you hear about a junior resource company investing $1,500,000 of its own cash INTO one of the world's largest funds? Well, it happened this week when UC Resources announced it had recently acquired for investment purposes $1,500,000 of the Sprott Physical Silver Trust* (NYSE Arca:PSLV) representing a portion of its available free cash.
Yes, UC Resources is an AGORACOM client and you can assume we are horribly conflicted, right before you also concede that you haven't heard of such a thing in .... ever?
The board of directors approved this investment for the following reasons:
CONCLUSION: Many, many thanks to Eric Sprott for carving out time in his incredibly schedule to speak with us. This is a very worthwhile listen for junior resource investors everywhere.