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Friday, August 09, 2019 10:24:01 AM
Well we are waiting, as clearly displayed in this KERR MINES graph !... https://stockhouse.com/media/news-images/Independent-Reports/KerrMines.jpg
Lest we never forget that this KERR Mines chart was produced when GOLD was only trading at $1200!
https://kerrmines.com/
« ... TORONTO, Aug. 09, 2019 (GLOBE NEWSWIRE) -- Sprott Inc. (TSX: SII) (“Sprott” or the “Company”) today announced its financial results for the three months ended June 30, 2019.
Financial Overview (3 months results)
Assets Under Management (“AUM”) were $10.7 billion as at June 30, 2019, up $0.1 billion (1%) from March 31, 2019
Total net revenues (net of commission expenses, trailer fees and sub-advisor fees, carried interest and performance fee payouts) were $19.3 million, reflecting a decrease of $4.2 million (18%) from the quarter ended June 30, 2018.
Total expenses (excluding commission expenses, trailer fees and sub-advisor fees, carried interest and performance fee payouts) were $17.7 million, reflecting an increase of $0.7 million (4%) from the quarter ended June 30, 2018.
Net income was $2.1 million ($0.01 per share), reflecting a decrease of $3.8 million (64%) from the quarter ended June 30, 2018.
Adjusted Base EBITDA was $9.4 million ($0.04 per share), a decrease of $1.3 million (12%) from the quarter ended June 30, 2018
Significant Events:
Sprott and Tocqueville Asset Management have entered into a definitive agreement regarding the sale of Tocqueville’s gold strategy asset management business to Sprott Asset Management
The acquisition is expected to close in January 2020 and will add approximately $2.5 billion to Sprott's AUM
Lead Portfolio Manager John Hathaway and Portfolio Managers Douglas Groh and Ryan McIntyre will join Sprott upon closing of the transaction
https://www.globenewswire.com/news-release/2019/08/09/1899862/0/en/Sprott-Announces-2019-Second-Quarter-Results.html
Read more at https://stockhouse.com/companies/bullboard/t.ker/kerr-mines-inc?postid=30010362#5p0e80Z0gILyPOt3.99
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