Sandstorm
by i963208 | January 6, 2012 11:34 am
I bought 10,000 shares of sandstorm at .99. what our your thoughts on the next few year.
Source URL: https://www.stockgumshoe.com/2012/01/microblog-sandstorm/
Sandstormby i963208 | January 6, 2012 11:34 am
I bought 10,000 shares of sandstorm at .99. what our your thoughts on the next few year.
Source URL: https://www.stockgumshoe.com/2012/01/microblog-sandstorm/
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My opinion on Sandstorm Gold hasn’t changed (I assume you’re talking about Gold, given the price you paid). Here’s what I said about them back in September:
“I continue to hold Sandstorm Gold (SSL in Toronto, SNDXF on the pinks) as my primary exposure to gold (along with some physical gold), and the collapse in the share price in recent weeks, as gold has collapsed from the peak, means that I think you’re buying Sandstorm Gold, conservatively speaking, for about 10X next year’s cash flow again even if gold prices fall back to $1,300 an ounce. Analysts tell us it’s currently at a forward PE of 10, which is ridiculously low for a high-margin streaming/royalty company — Royal Gold (RGLD), a far bigger and stronger company, to be fair, has a forward PE of 24. If you like Silver, by the way, then I think Silver Wheaton (SLW) has finally gotten reasonably priced again thanks to the wild swings of the silver market, though at the moment I prefer gold and still think Sandstorm Gold is the best low-risk, great upside play on gold as long as the yellow metal stays above $1,200-1,300/ounce.”
Here’s a link to a recent post of mine.
http://stockgumshoe.com/2011/12/microblog-the-sandstorm-sisters-and-nolan-watson/
I own a lot of both SandStorm Metals & Energy and Gold and I believe we should all do fairly well with these though my Gold has done a lot better than my metal, understandably given the spike in price etc. I try to buy bottoms in companies I have researched technically and fundamentally. I own a lot of gold & silver miners including -AUY, BRD, EGO, GG, MAI.TO, RBY, SLW, SSL.V, UXG as well as some that emphasize copper which co-occurs with gold — NAK, IVN, AAUKY, TGB. I recently bought MSB as I thought it was well worth the 28.58 I paid. I have always liked UXG because of Robert McEwen’s involvement. He built Gold Corp into the very large big cap that it currently is using similar techniques to what he is using with UXG.
I meant to add this link, re: UXG, as it has an informative letter from McEwen:
http://tinyurl.com/6sy7ebh
I used tinyurl.com to create the shortened url as the one I was about to leave was too long.
Btw I also meant to give Travis credit for turning me on to SSL.V & SND.V — I prefer to buy the Canadian versions of stocks as they not as thinly traded as the pink sheets.
/* Phil */