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Sprott Resource Corp T.SCP

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  T.SCP.WT| SCPZF

Sprott Resources Corp invests and operates, through its subsidiaries, in the natural resource sector. It has investments in oil and gas exploration, production and services, mining and agriculture.
Price: $0.90 | Change: $-0.01 | %Change: -1.10%
Volume: 67,656 | Day High/Low: 0.91/0.90 | 52 Week High/Low: 3.34/0.91
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RE:RE:SCP - Due Dilly

nice work kenneth. i think you've been appropriately conservative in everything except UAG which is likely worth the value that SCP has estimated  rate and reply
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RE:RE:SCP - Due Dilly

I think that is a very conservative valuation but a great starting point.  I'm not as pessimistic on One Earth Oil and Gas as I think they have already heavily discounted it's assets and it is more
5 stars

RE:SCP - Due Dilly

I don't think the table pasted properly ... trying again: (in thousands except share and per share amounts) 31-Mar-2015 Financials more
3 stars

SCP - Due Dilly

Finished DD on SCP.  Any feedback is welcome! Overall, even under conservative/liquidating scenarios I still see considerable upside at these price level, and I initiated a position in the more
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RE:RE:RE:RE:Q1 Letter to Shareholders

Yes, that period back in 2013 was quite bizarre. It shows how powerful a dividend is as a marketing tool. The investment strategy made less sense than today but the share price was above NAV. more
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RE:RE:RE:Q1 Letter to Shareholders

I agree that the downside looks minimal right now.   Until Q2-2013, the stock traded in line with its NAV (back when they were paying dividends and, for some reason, buying gold on margin?).  From more
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RE:RE:Q1 Letter to Shareholders

It's hard to say how liquid Union Ag is. It's mainly owned by other private equity funds so they would be the likely buyers of the position. There was an attempt to do an IPO in 2011/2012 but more
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RE:Q1 Letter to Shareholders

As a private companty, how liquid is Union Agriculture? Per the Q1 MDA: "As of the date hereof, the Company has realized net proceeds of $2.1 million through the monetization of certain more
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RE:RE:Good Time to Get In?

Thanks for the response. Re: McElvaine.  They are not a public fund, and I attended the AGM as a guest (I'm not invested). So, unfortunately, I won't be seeing the fund's financials or will I more
5 stars

Q1 Letter to Shareholders

Key remark is:  "We realize that this has been a difficult period for our investors and appreciate your continued support. Our top priority for 2015 is to use the tools at our disposal to close more
5 stars

RE:Good Time to Get In?

Answers to your questions: i) Management fee of 0.5% per quarter (% of NAV) plus 20% of profits above a hurdle rate but they are so far behind the hurdle at this point that it's not even relevant. more
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Good Time to Get In?

This stock hit my radar after attending the AGM for McElvaine Fund (a smart deep value investor who has all his own skin in the game), and he recently initiated a position in the company. On more
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RE:Sprott in the News this morning

And now we know what has been keeping them busy.  rate and reply
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Sprott in the News this morning

"Sprott Asset Management LP is planning to make an unsolicited offer to acquire Central GoldTrust and Silver Bullion Trust valued at US$800 million, a person with knowledge of the matter said." more
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RE:RE:RE:RE:Big Run up late Friday

Look at the price of ICD today, up 6.5%. The position is now worth $0.48 / share.  I think it would be fairly easy for SCP to find a buyer of the position.  They could then use that money for a more
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RE:RE:RE:Big Run up late Friday

My apologies, it looks like i was wrong. My memory and spreadsheet were outdated.  rate and reply
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RE:RE:Big Run up late Friday

SCP own's 4.525 million shares of ICD worth approximately $43.8 Million CAD, and 23 millionn shares of LRE worth 21.9 Million.  rate and reply
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RE:Big Run up late Friday

Good post and analysis. Although I believe LRE is their biggest investment, but it doesn't change your point as that is also about 50% off its lows. I would like to know if there are any plans more
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Big Run up late Friday

I'm fully invested at this point so it's hard not to get excited about the run-up yesterday.  Although we shouldn't get carried away because the volume was pretty light. And with a shallow more
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RE:RE:RE:RE:50% discount to NAV

Bids have moved up significantly. Some people are starting to pay attention.  rate and reply