Gold Miners and Financial ChallengesThought I’d share this with the community – especially given the focus here on SandStorm Gold (they’ve also been in the news lately).
While all of this seems to be to be great news for SandStorm over the long term (especially with gold prices holding steady – unlike coal and gas!), it does provide an insight into why Sandstorm is not signing as many deals as I thought they would – seems like alternative financing (assuming Sandstorm is one of many firms providing financing to a miner) is falling apart.
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Interesting, thanks — good perspective from Watson.
Travis, now that SAND is NYSE listed, has run up considerably in price, and has arranged alternative financing, what’s your thinking on purchasing stock vis a vis warrants and call options. Thanks so much.
Did everyone enjoy getting hosed by the “bought deal” financing?
JB, you are too short-sighted. How do you think Franco-Nevada and Silver Wheaton got their money to purchase most of their streaming/royalty deals? Read this post on Stockhouse by a poster called NaturalResources (I think I counted 7 bought deal financing each): http://www.stockhouse.com/bullboards/MessageDetail.aspx?p=0&m=31422382&l=0&r=0&s=ssl&t=LIST
SAND now has 250+ M for streaming deals and I would make a wager that they will close considerably higher by the end of the year after one or more deals are announced.
Sorry that should be $200+ million