Sprott Paid 12 Cents

Although it looks like a gap on the chart below, there is no gap. It's a bull flag as long as it holds here. The company has a CAD$46 mil market cap and did an $8 million placement. Eric Sprott bought $1.8 million at 12 cents in that placement, bumping up his ownership to 22.9 percent to 26.8 percent depending on warrant exercise. I liked the chart and took a spec position. It has 10-bagger potential at current prices if they have exploration success and move towards production. For Sprott this is taking a shot on one of many positions, but it's the same for me, a highly speculative shot based on a good chart.