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written by reader Sandstorm Gold / Sandstorm Metals & energy

By bernhardm, April 22, 2014

Todays headline: Sandstorm Gold Announces Plan of Arrangement to Acquire Sandstorm Metals & Energy
”Focus time and attention on Gold” Whart do you think about this plain?

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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Travis Johnson, Stock Gumshoe
April 22, 2014 10:30 pm

Haven’t checked the details, but it’s a little silly — Sandstorm Metals has been a hard luck disaster and blown through a lot of equity in the years since Sandstorm Gold spun them out, but now bringing them back in just simplifies a couple of their cooperative deals — and really, it’s a survival move and probably a way to keep Metals’ key employees because Metals can’t raise money to grow and has no meaningful cash flow with which to grow yet. SAND will continue to be all about good prices, I expect.

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Travis Johnson, Stock Gumshoe
May 2, 2014 11:50 am
Reply to  bernhardm

Thanks Martin — it would be nice if Colossus works out eventually, but someone’s going to have to come in with a big slug of capital to make that happen.

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