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AI is a unique, value-added, independent advisory service focused on uncovering select, under-researched Special Situations in the natural resources industry. Particular focus is on gold, silver, oil, natural gas and agriculture. AI utilizes rigorous analysis & numerous analytical frameworks to... More
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Anomalous Investments
  • Sprott Resource Corp. - Analysis of FY 2009 Results 0 comments
    Apr 13, 2010 11:34 AM | about stocks: SCPZF, PHYS, GLD
    The following are selected highlights of a research report by Anomalous Investments Limited ("AI"), dated April 9, 2010, on Sprott Resource Corp (OTCPK:SCPZF).

    • Net Asset Value (NYSE:NAV) of C$ 5.35 per share (US$ 5.34 per share), or C$ 515 million (US$ 514 million).
    • Sprott Resource Corp currently trades at 0.84 of NAV.
    • SRC maintains an extremely healthy & liquid balance sheet.
    • Several value creation opportunities in 2010, including the potential IPO of Stonegate Agricom, its phosphate subsidiary.
    • Management & insiders own 10.7% of the shares in the company.
    • SRC maintain an active share buyback program.
    Based on the above, AI states that Sprott Resource Corp is a "value investment" in the natural resources industry.

    Disclousure:  AI owns shares in Sprott Resource Corp.

    Matthew T. Schroeder is the President of Anomalous Investments, an independent, value-added investment research company based in Hong Kong, focused on finding small, undiscovered Special Situations in the natural resources industry. AI’s goal is to identify top centile (1%) investments, on a risk/reward basis, in the natural resources industry. Particular focus is on gold, silver, oil & gas and agriculture. Mr. Schroeder can be reached at

    Disclosure: Long SCPZF
    Stocks: SCPZF, PHYS, GLD
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