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Excellent fund manager- Kevin Bambrough. Extremely conservative guy who is positioning the portfolio to make money in any market- including a crash. Does an excellent job of exploiting the gap between what he can acquire a company for on the private market, and what the public market is willing to pay for that same company. Currently selling below book value, and Bambrough pays out a dividend equal to 10% of book value annually.
Oil gas food farms beef and best hard resource mgrs around
I've had an eye on Sprott for a while. There has been a lot to like about it, a natural resource company with excellent management that's trading below its net asset value, but ther was never a catalyst that I felt would cause it to rise until now. It recently instituted a double digit dividend that's paid monthly. That should generate increased interest in the stock. Many people believe that a company hoarding its cash is the same as one that pays part of it out as dividends, but that absolutely is not the case. Mr Market is always yield hungry, particularly so in today's low yield environment. Stocks with good fundamentals will not continue to have high dividend rates for long. Socks that start paying a dividend for the first time often rise significantly, this is an old special situation trick that Warren Buffett used successfully numerous in his earlier years.Deej
Recent dividend initiation gives this stock legs.
Sprott Resource Corp. trading below book. hard assets including oil & gas, precious metals and farming. large insider ownership.
Sprott Resources is one of my favorite ideas as they own real/hard assets. They are heavily in vested in canadian energy and also have investments in canadian farm production. Recently, management annouced a share buy back facility that would be used when the stock is below fair value and they have been buying back shares with that facility. Also, management has announced that they are reviewing one of the companies energy holdings for potental sale. A sale of this holding could show the market the true value of Sprot Resouces and propell the stcok higher. This is a hedge fund style investment vehicle that is availible to the average investor via the US pink sheets and the Toronto Stock Exchange (SCP).
Natural resource play selling cheap.
Little known Canadian company with proven management soon to pounce on the eventual turnaround.
Because it's good, and Evil wants to own Good
The open relationship with the First Nations in Canada is a huge deal. The companies that Sprott has interest in lease land from the FN and that is not easy to get. Look at Taseko Mines (TGB) and their on going proplems with Prosperity. I am very interested to see how One Earth Farms matures into one of the biggest farms in the world.
With Sprott, a key "mover and shaper" in the Canadian resources market at the helm, this is expected to capitalize on his knowledge and experience. Also, with the Canadian dollar above the US dollar but historically operating at an average of 80% of the US dollar, there is a significant forex upside, shoudl the Canadian dollar fall back to the 80 cent range
hedge fund with real value investments: gold, coal, gas, oil and farms in ... Canada.very good record of value creation and decent payment also 2&20.
World scramble for food is only going to get more intense. Canada one of the stablest places for agribusiness and has always been major producer...this venture is resources(food,minerals and infrastructure) rolled into one with a terrific currency tossed in the mix.
Currently trading hands at a slight premium to their liquid tangible assets (consisting of cash, Canadian treasuries, gold and silver bullion) as well as a discount to NAV, investors have the opportunity to purchase Sprott at a huge discount to intrinsic value, with minimal risk of permanent capital loss.Also, keep in mind that you are paying nothing for a management team that is best in class with a long paper trail of success (and who has a ton of skin in the game), as well as for Sprotts interests in various public and private companies, their rights to a Peruvian phosphate project, their interests in various Canadian oil and gas properties, as well as their ownership of 15,000 acres of seeded farmland scheduled for harvest in Saskatchewan...all of which provide significant upside optionality from today's price. Outperform.
News ReleasesTORONTO, May 6 /CNW/ - (TSX:SCP) - Sprott Resource Corp. ("SRC")announced today that it has entered into an agreement with Altius to explorefor potash in the St. George's Basin in Southwestern Newfoundland."SRC is excited to be working with Altius, a company with greatexploration expertise and proven success in Eastern Canada. We feel that thereare excellent opportunities for potash exploration in Eastern Canada, whichhas a lower cost profile than the Saskatchewan Potash Basin," states KevinBambrough, President and CEO of SRC.The St. George's Basin is geologically analogous to the Moncton sub-basinin New Brunswick, which is Canada's second major potash mining district.Under the agreement SRC may earn an interest in a large land package thathas been assembled by Altius to cover several known potash occurrences withinthe basin. SRC may earn up to a 60% interest in the St. George's Project byspending C$2,500,000 over 4 years subject to an underlying 2% gross salesroyalty retained by Altius.The St. Georges project consists of 1,400 claims (35,000 hectares) tocover four primary target areas for potash deposits. These targets featurehistorical potash drill intercepts, low gravity anomalies and salt springsthat are underlain by a relatively unexplored evaporite-bearing sequence. Anexploration program to evaluate the area and to identify drill targets hascommenced.In addition to the St. George's Basin joint venture, Altius and SRC havealso signed a strategic alliance regarding the assessment of potashexploration opportunities in Canada. Under this agreement, the two partieshave agreed to collaborate in the acquisition and exploration of potashprojects in Canada.About AltiusAltius' business activities include the generation and acquisition ofprojects related to natural resources opportunities mainly located inNewfoundland & Labrador.About Sprott Resource Corp.SRC is a Canadian based company, the primary purpose of which is toinvest, directly and indirectly, in natural resources. Through acquisitions,joint ventures and other investments, SRC seeks to provide its shareholderswith exposure to the natural resource sector for the purposes of capitalappreciation and real wealth preservation. SRC is well positioned to draw uponthe considerable experience and expertise of both its Board of Directors andSprott Consulting Limited Partnership (SCLP), of which Sprott Asset ManagementInc. is the sole limited partner. Pursuant to a management services agreementbetween SCLP and SRC, SCLP provides day-to-day business management for SRC aswell as other management and administrative services.Forward Looking StatementsCertain statements regarding SRC, including management's assessment offuture plans, may constitute forward-looking statements under applicablesecurities laws and necessarily involve risk, including without limitation,risks associated with mineral exploration projects. SRC's actual results orachievements could differ materially from those expressed in, or implied by,the forward-looking statements. No assurance can be given that any eventsanticipated by the forward-looking statements will occur. Theseforward-looking statements, which are based on management's currentexpectations, are made as at the date of this news release. SRC does notundertake any obligation to publicly update or revise any of theseforward-looking statements, except as required by applicable securities laws.Ok I going of a hunch that there should be a spike a long the way.
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