Checking in on Sandstorm and their Consolidation Plans
by Travis Johnson, Stock Gumshoe | April 6, 2012 11:22 am
Do we panic over a reverse split, or celebrate a possible dual listing?
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Source URL: https://www.stockgumshoe.com/2012/04/checking-in-on-sandstorm-and-their-consolidation-plans/
Great writeup as always Travis! I recently increased my holdings of Sandstorm, your report makes me feel more confident, especially if gold stays over 1300/ounce!
Any news on STTYF? I’m surprised the stock hasnt got much love (Especially with the ‘Nolan’ premium I would expect to see). Is it because metal prices are low (which I would argue would be a good thing for a streaming company no?)
They’re not as far along, and depend on coal for their near-term performance and had o e of their coal mines go south — not as blessed as big sister so far, but I like the long term potential and may add to my position if the shares dip (I have a bid in now)
Excellent analysis. I bought in at $1.55 about six weeks, stock $1.72 today.
Accepting all the disclaimers and making all my own decisions on the stock, would you guess it would be a good buy at $2.00 ((assuming the five year of gold at $1600 or better.))
Thanks, Travis, Ihadn’t had time to look at things because it’s tax time and since I leave everything to the last moment I’ve been working overtime on that:). I agree with your analysis and am all in favour of SSL’s reverse split to increase its share price. I bought in fairly early at 77 cents per share and have a wonderful gain. I also hold a lot of SND, their metals and energy stock, and am thinking of increasing my holdings there as the stock is fairly low right now and when and if the world economy gets moving again SND should increase handsomely. The only drawback therein is that a lot of their current investments are in coal which truly should not be utilized as fuel any more and only utilized in metals production.
all my best,
/* Phil */