Eric Sprott’s Sprott Asset Management Initiated Stakes in Petaquilla Minerals and Wi-Lan

Eric Sprott’s Sprott Asset Management filed 13G for its position in Petaquilla Minerals Ltd. (PTQ.TO) and Wi-Lan, Inc. (WIN.TO) on November 8th. As reported in the filings, Sprott Asset Management now has 15.14 million shares in the PTQ.TO, giving a 6.8% passive stake; and 8.94 million shares in WIN.TO, or 7.2% passive stake. Sprott Asset Management did not have any share in either Petaquilla Minerals or Wi-Lan before, so these are brand new positions. Since the daily trading volumes of both stocks are quite small, Sprott Asset Management might start to enter in early October at near $0.65 per share for PTQ.TO, and $6 per share for WIN.TO. On Tuesday, PTQ.TO and WIN.TO are closed at $0.77 and $7.39, respectively.

Sprott Asset Management is under Eric Sprott, who is the Senior Portfolio Manager of the Sprott Canadian Equity Fund, Sprott Hedge Fund LP & LP II, and Sprott Bull/Bear RSP Fund. He has a portfolio value of more than $1.1 billion, eighty percent in which are invested in Basic Materials sector.

Petaquilla Minerals Ltd. engages in the mining and mineral exploration of gold-bearing mineral properties in Republic of Panama. The company focuses on gold and silver mineralization, and other precious metal mineral deposits through its 12 subsidiaries and one joint venture interest. The company was formerly known as Adrian Resources Ltd. before October 2004. The company was founded in 1985 and is based in Vancouver, Canada.

Wi-LAN Inc. engages in the development, acquisitions, and licenses in a range of intellectual property that drives products in communications and consumer electronics markets. The Company has licensed technology patents to enable other companies to sell products, such as wireless fidelity (Wi-Fi), Worldwide Interoperability for Microwave Access, Inc. (WiMAX), LTE, code division multiple access (CDMA), direct subscriber line (DSL), data over cable service interface specification (DOCSIS), Mesh, multi-mode wireless, Bluetooth and V-Chip. The company was founded in 1992 and is headquartered in Ottawa, Canada.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!