by Travis Johnson, Stock Gumshoe | April 26, 2013 6:20 pm
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I like sand storms fundamentals at this point they are sitting on 127 million in cash with 0 debt and a book value per share of$3.91 per share for a royalty company which usually trades at a premium this is certainly much cheaper than it was awhile ago. Sure it could be cheaper butwith the physical supply drying up as fast as it is it might be worth buying a few shares.
Travis, does silver also correlate with the devaluation of currencies? Do you think SVM is a good buy now?
I’m no expert on mining stocks, but silver generally should hold up as a “real” asset if currencies lose value — it’s not as purely a “monetary” metal as gold, since there’s strong industrial demand as well, and it has been more volatile. I hold some physical silver, but no meaningful exposure to silver miners. As with gold miners, my impulse would be to go with the royalty/streaming play, which would be Silver Wheaton (SLW). Haven’t looked closely at it recently, but that’s the first silver stock I’d consider.
Travis I have some of the same action as you do and am not really uncomfortable with any of them. There is and there always will be questions of lets say the luck of the draw or the management factor which I have always placed high on my picks. Good majority owners and managers don’t stay with a bad company long they can not let there wallet do the talking as in the SAND case I really like and will even by more if it keeps pulling back. They are a diversified team when you put experience in with younger management. There Metals and Energy has a lot that can shine while there Sand streaming will play the history roll that is a given to me. The more I follow Nolan is like when I was young learning how to play chess, he has good partners but also has a proven staff that can benefit both sides of there company. They do take calls when you have questions and although Denver is young he is certainly blessed with integrity. Besides that they do not burn bridges which is easy to do in any business but when you live off of others production of what comes out of the mother earth you still have to produce no matter what the drilling report says is down there. When you look at who was on the directors board at SLV and where there are all now you can bet they still take each others phone calls there networking is strong. I was surprised about the Africa venture but there has been a lot of surprises there and the Govt. is not always the Govt. when it comes to $. Luna is a good example and there are others also, there deals are not all cold calls they know a lot who they deal with. I give them a year or two and they will have dividends but there metals and energy streaming side I think will be there growth side eventually, I was glad I threw some what I call south money when they where in the .25 cent range more so than when I was before SAND went on the US exchange I am still happy sitting at 7$ a share and even felt bad when I sold 1/2 in the teens and now I am on house money looking for more but I think I will wait for my own green lite theory. SPROTT is part of my Port. and I love when him and Casey talk there is a lot of sense and experience listening to them and then hitting the replay and listening to them again they are wise men and tell it like it is.
Thanks for the bank warrants play , that blew me away and made me really feel old because I had forgotten to even pay attention to what was once one of my favorite long time plays. I got in some of that on the Bean town money but it took a couple days to piece it out without making much noise I know you know what I mean. I am going to e-mail you something else that just hit my plate , and if you think it is worthy can let the irregulars know. Good work and make sure you keep the thinkalater happy because there are lots of plays in the money just hard to pick the right ones out.
As Travis cites, silver is definitely more of an industrial metal than gold. It is priimarily used in electronics as it is an excellent conductor, but it also has a value as a precious metal, especially in India & China. I currently hold SLW which I bought at the bottom in 2008 and recently bought into SVL.V and AXR.TO, two Canadian miners specializing in silver.
That’s a good play Phillip SLW has a great program multi uses for silver has many doors for profit and SAND both of the divisions have a lot of door also just because gold is in there is one name is okay with me and he still has good connections with SLW , they did not burn any bridges when Nolan left I think it will probably help them both. I still hold a good piece of SLW but I feel good with SAND at 7$ and sold half my SYTTF when it doubled and still sitting at.25 with the rest on hose money now, but I think all three will grow , management Ben B. can’t keep printing money forever. I even like AUU they have money in the bank and can play the waiting game which I think is going to be a while, I am optimistic with GG but there production cost is as good or better than many but that doesn’t help with the soft demand , good luck on SLW you know that they will be there for the long run.
there are stocks being presented as buy and hold one being intc of course however i have to say i bought intc at 19. sold at 31. This was years ago My bother in law still is holding it at 23. I’m currently accumulating American Tower which has done nothing but go up since i purchased it and I have not felt any feelings that i need to sell it as it has raised its pay out every quarter. help me understand if i am missing something as the market seems hard to understand sometimes