I have no doubt Eric Sprott realised he took a punt and lost with all the companies he supported for conglomerate in the Pilbara. He is a grown up, and as such probably shrugs his shoulders and would say "I was in there ready to make mega bucks if the conglomerate story worked out like it looked like it would", and loosing a punt the risk you take if you jump early. And he really did jump extremely early.
As it all hasnt worked out as he had hoped, I dont believe he will have lost any sleep over it all. He is no doubt content to see how it all works out for DEG. While DEG hasdnt spent all the $5 on conglomerate, there hasnt been the need to spend that much....the money was provided so if it was needed it was there.
Win some, loose some. At least any loss in DEG may be recovered, the same probably cannot be said for Kirkland Lakes Novo contribution...thats gone, and it must be irritating to see it wasted in the manner it still is being pissd away.
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Price($) | Vol. | No. |
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