Sandstorm Metals & Energy Ltd STTYF

RE:SND so far

[zentrarianNZ]

Here's a few more that come to mind:

4. Overly aggressive dealmaking before sufficient expertise - particularly of the energy market - was in place (Novadx, Royal Coal, Terrex, Thunderbird).
5. Over reliance on contract "guarantees" when partners get into financial difficulty (ditto, except for - so far - TBD).
6. Overdependence on synergy with Sandstorm Gold for successful dealmaking (pretty much everything else).

I'm sure others can (and probably will) add to the list, but the bottom line is that most of these factors would have had limited effect if commodity prices had not been smashed and stock prices decimated since the launch of SND. Just as rising prices cover up a lot of mistakes or miscalculations, falling prices expose and magnify them.

As the saying goes: You can't tell who is swimming naked until the tide goes out. Hopefully, by the time the tide starts coming back in, management will have learned from its mistakes, eaten a healthy serving of humble pie, and put on some proper swimming attire.