Friday 9th December 2016

Resource Clips


Posts tagged ‘Sprott Inc (SII)’

June 10th, 2015

Wall Street and the Fed colluding to prop up the US dollar? SilverSeek
Ryan Gold, Eagle Hill soar on Oban consolidation news Stockhouse
Sprott wringing value from aged bull market NAI 500
How to ride the lithium battery boom: JGL Partners’ Jonathan Lee Equities Canada
Yukon Premier Darrell Pasloski: Our goal is to be the number one mining location Streetwise Reports
Strict specifications: UK frac sand potential Industrial Minerals
Great deposits of the world—Hishikari, Japan Geology for Investors

June 9th, 2015

Ryan Gold, Eagle Hill soar on Oban consolidation news Stockhouse
The real value of gold in the ground: Part 3 GoldSeek
Sprott wringing value from aged bull market NAI 500
How to ride the lithium battery boom: JGL Partners’ Jonathan Lee Equities Canada
Yukon Premier Darrell Pasloski: Our goal is to be the number one mining location Streetwise Reports
Strict specifications: UK frac sand potential Industrial Minerals
Great deposits of the world—Hishikari, Japan Geology for Investors

June 8th, 2015

Italy accuses Chinese bank in massive money laundering investigation Stockhouse
The real value of gold in the ground: Part 3 GoldSeek
Sprott wringing value from aged bull market NAI 500
How to ride the lithium battery boom: JGL Partners’ Jonathan Lee Equities Canada
Yukon Premier Darrell Pasloski: Our goal is to be the number one mining location Streetwise Reports
Strict specifications: UK frac sand potential Industrial Minerals
Great deposits of the world—Hishikari, Japan Geology for Investors

June 5th, 2015

Italy accuses Chinese bank in massive money laundering investigation Stockhouse
The real value of gold In the ground: Part 3 GoldSeek
Sprott wringing value from aged bull market NAI 500
How to ride the lithium battery boom: JGL Partners’ Jonathan Lee Equities Canada
Yukon Premier Darrell Pasloski: Our goal is to be the number one mining location Streetwise Reports
Strict specifications: UK frac sand potential Industrial Minerals
Great deposits of the world—Hishikari, Japan Geology for Investors

Eric Sprott sold six million insider shares to throw Barkerville a lifeline

September 26th, 2013

by Frik Els | September 25, 2013 | Reprinted by permission of Mining.com

Barkerville Gold Mines TSXV:BGM announced Tuesday a $15-million loan from a company (2176423 Ontario Ltd) wholly owned by Eric Sprott.

Eric Sprott sold six million insider shares to throw Barkerville a lifeline

Barkerville president/CEO
Frank Callaghan has reason to smile.

Barkerville will use the money to keep operating, apply for reinstatement on the TSX Venture exchange and pay back a $1.5-million bridge loan from Sprott Resource Lending Partnership.

The lifeline extended by Sprott comes less than a week after the legendary precious metals investor sold some six million shares at $2.70 in his investment management company Sprott Inc TSX:SII according to Canadian Insider.

Trade in Vancouver-headquartered Barkerville was suspended in August last year after problems with the technical report for its Cariboo project in central British Columbia.

At the end of June 2012, when Barkerville announced mouth-watering resource estimates—10.6 million ounces of contained gold at some of the best grades in the industry—for the Cow Mountain section, its stock exploded.

It did not take long for red flags to be raised about what would have been one of the richest gold deposits in the world. The stock duly tanked.

Almost a year later the updated estimate shows a much more sober resource of 1.04 million ounces indicated and 3.94 million ounces inferred.

When Barkerville’s shares start trading again it will be interesting to see if retail investors display the same kind of confidence in the company as Eric Sprott clearly does.

Reprinted by permission of Mining.com