+ Watch SCPZF
on My Watchlist
Yeahbuddy79 picked this in '08 and gave it a 4 year window, time for it to come back!
SCPZF will release earnings this week. Book value should drop to around 370M based on revised valuations of their gold holdings and also Long Range. Current Mkt cap is still significantly below 370M. While gold could go down further, it can also rebound. Bambrough and Co have shown an ability to create good value in the past investing in dpressed assets where they see an opportunity to add value; expecting they can continue this.
Needs homework. Holding physical gold is not smart... Canadian private equity with 10% dividend. Do homework before ending.
This is the only logical investment sector for the [uncertain] future we face, as the world's government printing presses race each other's currencies to the bottom . . .This fund invests in energy, agriculture, and precious metals. All real, all in demand, and all inflation proof.
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.
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