UEX Corp fka UEX

[joe_techi]

Follow the money!

I was traveling down a couple Saturday afternoon rabbit holes and found this DD interesting.

First I was looking at this Sprott $6M UEX investment in February 2017

https://uex-corporation.com/news/uex--sprott-close-601-million-in-private-placements

I was looking around for 13F filings to see what Sprott (and Rule) had invested in and ran across this article

https://business.financialpost.com/commodities/mining/what-happens-when-kingmaker-eric-sprott-backs-your-penny-mining-stock

Garibaldi is a Junior nickel miner. Let's hope the analogy of Sprott's investment in UEX yields similar results. Some quotes from the article:

For a billionaire such as Sprott, there are plenty of opportunities on the TSX Venture — where the average financing is $3.9 million — to change a company’s profile with a multimillion-dollar investment.

In February, the TSX Venture Exchange ranked Garibaldi as its No. 1 performing stock in 2017: The stock experienced a 1,751 per cent price increase to $2.46, a 2,351 per cent increase in market capitalization to $238 million and a trading volume above 150 million.

Sprott has invested heavily in at least two other mining companies on the list, Metallis Resources Inc. and Novo Resources Corp., whose stocks increased 750 and 361 per cent, respectively, last year.

“Part of what comes with a guy like Eric Sprott is when Eric Sprott says he’s done his due diligence and is investing in a company, it’s a way for retail Canada … to follow that thought leader,” Fletcher said ( managing director of the TSX Venture Exchange).

Two Year Chart