Sandstorm Metals & Energy Ltd STTYF

RE: RE: RE: Sandstorm Metals & Energy Releases Fou

[ideal2u]

 

 "I feel that the circumstances surrounding Royal’s financial situation have overshadowed what I believe to have been an excellent year and a strong start to our company. With this in mind we have made 

the executive decision to write down Royal Coal’s assets with an impairment charge on the books, declaring the assets non material to Sandstorm."

 

I think that this be forgotten about very quickly, basically it's off the books but we do still have the opportunity to recover our investment  being the Senior Creditor. I think they did the right thing, everyone has known about this for a while and this is a long term investment for those who are in it. I will keep buying reguardless.