Sandstorm (sndxf, snxxf,sttyf…)

By jnag698, September 30, 2011

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WHY are there multiple symbols for Sandstorm? Which one is the one to buy? Any help would be gratefully appreciated.

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4 Comments on " Sandstorm (sndxf, snxxf,sttyf…)"

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Travis Johnson, Stock Gumshoe
Admin
4429
October 1, 2011 1:38 pm
The pink sheets symbols correspond to the two sister companies (Sandstorm Gold, and Sandstorm Metals & Energy, which have overlapping management), both of which are listed in Canada, as well as some of the publicly traded warrants on those shares. Sandstorm Gold: SSL in Toronto, SNDXF on the pink sheets Sandstorm Gold Warrants exp. APR 2014 w/60 cent strike: SSL.W in Toronto, SNXXF on the pink sheets Sandstorm Gold “A” Warrants exp Oct 2015 $1 strike: SSL.WT.A in Toronto, SDXXF pinks. Sandstorm Metals and Energy: SND in Toronto, STTYF on the pinks Sandstorm Metals warrants exp dec 2012 70 cent… Read more »
Thomas Lepere
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Thomas Lepere
October 1, 2011 7:21 pm

What is the answer to John Crenshaw’s question inquiring which pink sheet symbol is the BEST to Buy? His question has NOT been answered. I too am interested in Sandstorm, but totally confused as to what pink sheet symbol I should buy. His question seems to have been evaded! Readers of Stock Gumshoe would like to know the answer to his question.

Travis Johnson, Stock Gumshoe
Admin
4429
October 1, 2011 8:03 pm
There is no “best” that applies to everyone — they’re different investments, warrants with varying levels of leverage and two different companies focused on different commodities. I personally have more invested in Sandstorm Gold than Metals and think Gold is the steadier and more established company, but I also think Metals has more potential growth over the next decade (and more short-term risk). All the warrants are more speculative than the common stock, with more upside and downside potential. — SND warrants are probably the riskiest pick of all of them, since theyre out of the money and expire next… Read more »
Thomas Lepere
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Thomas Lepere
October 1, 2011 8:39 pm

Thanks for your clarification. I am very suspicios of warrants because they involve timing and future performance like purchasing Options – too risky a business for me. I take it that Sandstone Gold SNDXF on the pink sheets would therefore be the most stable or (best-suited) investment for me to consider out of the whole bunch.

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