start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

I say things on Twitter

2/20/10

Dorato (DRI.v): Who fell for the story?


Sprott Asset Management, that's who.

Not only did Sprott own six million, four hundred and twenty-four thousand shares of Dorato Resources (DRI.v) as at December 31st 2009 but they also added 257,850 to their pile as part of the very recent round of financing. So Sprott now owns 9.5% of a company whose share price will now wither and fade down to its residual value (roughly 30c) because it won't be able to do anything significant at its only assets ever again.

Eric, if your suits fell for that "Ooooh, no problems with the locals" soft soap peddled by the company which has now been proven 100% wrong, you really need oversee your buying staff a little better than this......