Post by
u2bob on Aug 28, 2015 9:12am
MTO Oban Sandstorm...
...May 6th confrence call with Sandstorm CEO a month before Oban Osisko takeover of Eagle hill ...now we know they have an extra 150 million U S makes me wonder about the Sandstorms CEO call below...and lets not forget the New Oban with Osisko are loaded with cash...
So I think that one is reasonable as well, the one that I think is high would be
Metanor, it's 20% of production and it's a gold only asset and so that's one that we have had discussions with them prompted by us. And we'll continue to have those discussions with them to see if there are ways that we can create more value in the long-term by getting a better structure and we'll continue to evaluate that.
Now that
Comment by
trivela on Aug 28, 2015 10:05am
Calm down. Sandstorm does not have an extra $150 million. They made a shelf filing, meaning that they have given notice to regulators that they might, over the next 25 months, issue a number of securities to raise cash up to that total amount. They have not raised any new money yet, and if they raise, it could be a much smaller amount.
Comment by
tsoprano1 on Aug 28, 2015 10:25am
Maybe someone can clear something up for me. What is the benefit to doing anything with sandstorm. Do we not get some money up front then give them gold well below our cost? Why would we do that when we don't need cash that badly? Tia T
Comment by
trivela on Aug 28, 2015 11:59am
We have to wait for the annual report, that may trigger a lot more interest in the company. The market would like to see if the company is generating cash or not, and what would future plans look like.
Comment by
u2bob on Aug 28, 2015 12:19pm
Yup agreed.. It would also help if the corporate presentation was up to date its a year old ..this would keep shareholders and new ones alike informed on what's going on with the company...once a month is sort of the norm ...