Select Sands Corp SLSDF

Primary Symbol: V.SNS

Metals & Mining Industrial Metals & Minerals

Select Sands Corp. is a Canada-based industrial silica product company, which wholly owns a Tier-1 silica sands property and related production facilities located near Sandtown, Arkansas. The Company is engaged in mining its 520-acre site in Arkansas named the Sandtown quarry. The property is underlain by the Ordovician St. Peter sandstone formation, the source of industrial silica sand Ottawa White frac sand, selling into various United States oil and gas and industrial and specialty end markets. These properties include sand sphericity and roundness, crush (K Value), acid solubility, turbidity and silicon dioxide (SiO2) content. The Company is focused on developing this business to enable commercial silica sand sales to industrial and energy customers. Its Plant Reconfiguration Project includes installation of dry-process equipment at the Diaz Rail Facility.

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Select Sands Corp > Q1

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Comment by Frankie10on May 27, 2022 9:28am

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Post# 34711671

RE:Q1

Try to look on the bright side - Q1 was another positive step - 8 or 9 consecutive quarters of increased tons sold I believe. Albiet, guidance was disapointing - we are facing challenges that management believe they have solutions for. Once we push past this and suceed at reaching capacity, with the very positive macro backdrop for oil, we will be off to the races in terms of profitability, cash flow and ultimatley share price.

Patience is required here. Either rotate in to more traditional oil or sight tight. This is still up nearly 100% YTD compared to a broad market that has been beaten down and will likely continue to bleed against energy.