"Sprott via Cormark took 5M shares of the hands of Dwek management-that is 10% of our share float"

Is that a confirmed event or a rumour?

If this is confirmed, it was a private transaction. So would it not be made off the Exchange, ie by way of a private contract, and the transaction only recorded in the Company's Registers. I am probably missing something, not being expert in securities laws... If I'm right, the 4.9MM transaction made via Cormack which appeared yesterday would be an independant one, unrelated to the Dwek-Sprott outside deal, and that would look even more positive.

Other point: if this Dwek-Sprott transaction did effectively take place, Sprott actually acquired this lot of FNC shares as a 'pure' investment, that is for a Mutual Fund, or the like, since this is not a Flow-Through issuance for their taxpayer clients. Quite positive also.

GLTA.

BaBe.