written by reader Buying SAND are You?

By jbnaples, November 5, 2013

I’m just wondering if anyone else is scooping up Sandstorm Gold (SAND) at these pre consolidation prices. I know Gold in general is out of favor at this time but Sandstorm hasn’t done anything except add to their streaming deals and NSR’s over the past 2 years and they’ve grown in a down market with existing streams getting closer to production in 2014-2015.
If we look back and ask ourselves if we would have bought this stock @ 1.10 pre consolidation 2 years ago, what a great opportunity to be able to buy SAND at these prices right now.

I was buying back when Travis first shared this company with us and when we were up-listed and sky rocketed I was sold out near the top with my trailing stop.
Now I’m loading up again while I have the chance at these very low prices, buying when everyone else is selling or have sold.
Is anyone else seeing the potential and the second chance we have at investing for the first time or adding here between $5-6.
Thanks in advance for your replies GLTA. Jennifer

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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seamles
6 years ago

Interested to take a closer look. I’ve seen a lot about sand

bluesharpbob
6 years ago

I agree with everything you’ve said,& I just bought a few hundred more shares today @ $5.33

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blufox
6 years ago

I already own a lot of SSL.TO at 5.06 Cad, but may buy more, Thanks.

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stockinup
6 years ago

Was going to buy more SAND today myself but ended up placing a bid to double my AMBCF holding (OTC for Americas Bullion, formerly Golden Predator) instead at under $.09 a share. Volume on AMBCF is low so may take some time to fill, if it doesn’t go up first. Riskier, of course, but I could definitely buy more with much less and not that far down to go.

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Travis Johnson, Stock Gumshoe
Reply to  stockinup

I do wonder how that ones going to end up in court, I still own some as well — and SAND, though I’ve not been loading up on either in any big way of late.

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stockinup
6 years ago

I hear ya! I ended up nearly quadrupling my holding in AMBCF — it’s so low that part of the lawsuit risk is, I hope, priced into the stock now. I held off to let everyone react who was going to react to that lawsuit news. Not saying that others should buy, tho. In my case, it was a spec choice over more SAND and you may be sending condolences my way soon enough!

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stockinup
6 years ago

AMBCF didn’t sit on that cash from the settlement for long — I can’t describe the byzantine business arrangement after only a quick read but it’s worth checking yahoo finance for AMB.TO news, where it trades on the Toronto exchange.

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meassassin
6 years ago
Reply to  stockinup

stockinup,

Now that you have had time. What do you think?

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stockinup
6 years ago
Reply to  meassassin

Oy. I still haven’t taken the time needed. I skimmed over the press release that came out late today and didn’t have a chance to pull out the white board and attempt to diagram the permutations and combinations of the various deals involved in the reorganization and creation of the new company after all the mergers and such. There will be a February 2014 communication to shareholders that will, hopefully, give more detail. I will reserve an attempt at judgment until I get a chance to diagram that (which I hope I do). I can tell you that the accounting and legal fees involved in these various deals have to be pretty sweet for the firms involved with these transactions — very high stacks of documents to be researched, generated (aka written or copied from a prior deal), reviewed, discussed, redlined, regenerated, and negotiated with the process restarting to capture the deal and then restarted to capture changes thereto. Regulatory authorities then take a crack at the documents. It is a huge amount of legal work and it needs to be done well. For the numbers involved, and knowing insufficient details about the internal situation, my gut says that there are simpler and less costly ways to accomplish the end result but there are layers of foreign securities laws to comply with and these may dictate many of these dance steps. I do want to know about the legal fees though and the general cost of these transactions because the fees and costs could really add up quickly and significantly. As for me, I bought low enough and kept averaging down so I will ride this through the transaction and take whatever stock I get in exchange for my AMBCF shares. I like that there are 55 royalty streams in play but can’t say much about the value of the streams. There is a new outside director from the insurance and accounting industries. I can see how he would be a valuable member of the board. I’d love to know what others who may have more time and patience to dig around these transactions have to say.

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lily
lily
6 years ago
Reply to  meassassin

I’d be interested in additional input as well. Thanks for your comments stockinup.

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