by Travis Johnson, Stock Gumshoe | February 1, 2013 5:20 pm
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Source URL: https://www.stockgumshoe.com/2013/02/i-hope-youre-not-sick-of-hearing-about-royalties/
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The performance tracking says of Apple, recommended in December of 2013. If you can time travel, I would think your portfolio would look much more concentrated and speculative!
I have been buying Golden Predator. The three prong PR seems to be 1) Most royalties in Canada and US. 2) possible to receive royalty in kind (gold). 3) No buy back options on most properties. Also I had good luck with CEO William Sheriff when he ran Quincy Gold, ended up getting bought out.
I saw this article about the name change (to “Gold Bullion Royalty”) :
http://www.northernminer.com/news/golden-predator-changes-name-and-focus-to-royalties/1002007837/
Travis,
Do you know what date you have to be a share holder of GPRXF to receive the spinoff shares or did that already happen? I see the name change has already occured. At least according to scottrade.
Thanks,
Joe
They haven’t announced what form the spinoff will take, they say they’re waiting for legal and financial advice on the specifics, and they may need shareholder approval for at least some of the changes. They have announced the name change, but say that is also subject to final approval and may change — I’ve seen both Americas Bullion Royalty Corp and Gold Bullion Royalty Corp as the new name, so I presume that will settle out once the details are finalized. We won’t know a date for the spinoff or dividend or other separation of the Yukon gold assets until they determine the form of that separation, get the necessary approvals, and announce it, so all I can surmise is “sometime in the future”.
I would think it will be months before things can be sorted out. I was going to wait and see if it drifted down to 30 cents or so while waiting but CEO Sheriff bought 190,000 shares since January 24th (35-36 cents) so I topped off my holding here.
I added a very small nibble here at .3175, my question seems does the Extended Executive Review for the Brewery Creek seem the likely reason for today’s malaise?
That’s my supposition — though it’s amplified by the fact that pretty much all gold stocks are moving down.
Travis and Gang, Premier Royalty is now trading at (or around) $1.60, about 25% below the price that Sandstorm paid for shares of Premier. It seems like Premier is potentially a good buy at its current price (around $1.60), especially considering that Sandstorm thought it was a reasonable buy around $2.00. What do you think? Thanks!
Personally I think SAND is a substantially better deal at current prices — SAND has Premier a bit over a barrel because they own more than 50% of the shares, they might take the company over completely but, since they own a supermajority already, they’re not likely to think it’s worth paying a big premium to do so. And no one else can take them over, so there’s no prospect for competition from Royal Gold or others, and Premier is not far enough along that it’s about to look cheap on an earnings or cash flow basis anytime soon and draw in individual investors.
If SAND were overvalued my opinion would be different, but I think right now SAND is more likely than Premier to track the price of gold positively and grow. On the flip side, of course, if Premier remains nominally independent they should get a lot of scraps that are too small for SAND’s table, so they certainly can grow.