Does Sprott know something we don't!

Sprott tipped in £4.85m on 21 April, or ~A$8.0m, to provide “funds for the Company to advance its interests across its mining portfolio of assets, in particular T3 in Botswana.”

On the 11^th Terry Grammer converted warrants and tipped in £480k, or ~A$790k. We don’t often see directors invest these levels. Grammer could be taking profit or he could be confident – his hold or take profit will be an important signal to watch out for.

It is effectively the Sprott raising/capital that MTR is allocating to KCN, if Sprott was only interested in MOD then one would think that Sprott would put some caveats around the use of funds, or give MTR call to say they don’t like it. As MTR’s investment in KCN has been ongoing for several months it would seem MTR has Sprott’s support.

In Thailand there has been a big clean up, which is ongoing. I understand that the new Mining Act is pro mining, with mechanisms to deal with future Chatree issues at the district and Department level, i.e. not at the Prime Minister office again, thanks. I have also heard that the Government has been cracking down on corruption, to the point of making property developers knock down illegal building works, i.e. building on beaches or in rainforests, at their cost. Is PM Prayut Chan-o-cha the new Lee Kuan Yew, certainly seems like he is taking Thailand in the direction of Singapore.

MTR is one of several companies which has been on the ground in SE Asia/Thailand for some time, so one would expect that they know their ground and the policy environment. It also seems MTR has the backing of Sprott to continue investing in Thailand, and the political environment has certainly improved.

Seems to me that MTR is confident.  Maybe we should be too.