written by reader Sandstorm Metals down 50% for the year (YTD)

By bkkben, July 10, 2013

It dropped 16% just yesterday – I have not been able to find any news on it so am rather confused here. Anybody knows anything?

Cheers!

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herach
herach
July 11, 2013 2:40 am

Though I haven’t read much about SAND, I feel that it is just an extension of the mining companies. They depend on production by the miners they have contracted with.
The status of metal miners is discussed broadly. When metal prices rise and high production costs are ameliorated by increased prices, miners will return to production.
This should be reflected in the prices of miners and to SAND.
I am not an expert, just a veteran investor. My opinion is not based on data, just on 60
years of investing. Bon Chance.

👍 18
hgpark888
Irregular
July 12, 2013 1:02 pm

Ya, it took a plunge and it’s as bad as SAND. (I own SND)
I couldn’t find much news about it either and my best guess i