Sandstorm Metals down 50% for the year (YTD)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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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.
I am referring to Sandstorm Metals STTYF) not SAND which Travis recently had a good write up about.
cheers!
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 is it’s just following the curve of it’s sibling, SAND.
I noticed the price dropped even more earlier this week after they made an amendment to the Donner copper stream. They are no longer required to sell copper to sandstorm metals during the 2013 calendar year. See link posted July 8th
http://www.sandstormmetalsandenergy.com/news/release/index.php?content_id=275
I think like what herach said about being an extension to the mining industry is a big factor and I also think they do not have any streams currently bring in any cash flow. I’m long sttyf. Best of luck.
Joe