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To: tyc:> who wrote (244)6/21/2002 11:15:56 AM
From: 4figureau  Respond to of 5423
 
>>What if hedging (i.e. shorting Barrick) came back to bite Mr. Sprott ? Isn't it surprising that he can short Barrick while at the same time admitting that he doesn't fully understand their hedges. Perhaps it is HIS shareholders that should be worried<<

Maybe all this success has gone to Eric's head? Not from my personal experience with him. I have gone against him more than once over 8 years...and lost virtually every time :(

Shareholders worried? His PM fund is up over 100% since November and the best performer in May...second in North America ..wait till the June stats come out:

biz.yahoo.com

He is turning money away:

biz.yahoo.com

His hedge fund? Incredible...check it out compared to S&P and Credit Suisse First Boston's Tremont Hedge fund:

~~~~~~~~~Sprott S&P 500 CSFB
1 Month.. 8.15% -0.91% 0.61%
3 Month 30.41% -3.58% 0.52%
6 Month 67.48% -6.35% 2.28%
1 Year 112.55% -15.02% 0.42%
YTD 66.08% -7.05% -0.08%

Performance Summary ((as at May 31, 2002)

Sprott~~~~~~~~~ S&P500

Total Compound Return 190.41% -18.09%
Best Month 16.52% 7.68%
Worst Month -5.38% -9.23%
Percentage of Up Months 89% 42%
Percentage of Down Months 11% 58%

He may be crazy about ABX...crazy like a fox overall ;)