written by reader Sandstorm (sndxf, snxxf,sttyf…)

by jnag698 | September 30, 2011 2:23 pm

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

Source URL: https://www.stockgumshoe.com/2011/09/microblog-sandstorm-sndxf-snxxfsttyf/


4 responses to “written by reader Sandstorm (sndxf, snxxf,sttyf…)”

  1. 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 strike: SND.W in Toronto, no pink sheets listing so far as I know.

    I own shares of most of these. One worthwhile note is that the warrants have US dollar strike prices but trade primarily in Canadian dollars, and that they sometimes trade at little to no time premium.

  2. Thomas Lepere says:

    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.

  3. Thomas Lepere says:

    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.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.