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Sandstorm Metals & Energy Ltd STTYF



GREY:STTYF - Post by User

Comment by Kewl2on Feb 14, 2012 5:57pm
245 Views
Post# 19534193

RE: RE: pending / royal coal default.

RE: RE: pending / royal coal default.

With senior security position via asset securitization (which is what we have) -- I have no doubt SND would get 100% of our money back!!!

However - there is a big distinction between RDA being in a bankruptcy position and having unhappy shareholders due to the dilution that will occur as a result of their recently announced prospectus to raise additional capital!!

I would be surprised if SND management has any concern at the moment regarding our agreements with RDA......

 

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