Sandstorm Metals & Energy Ltd STTYF

RE:RE:So....

[zentrarianNZ]

I think we all share your disappointment but we got your point the first time. (Unless maybe you're planning to stay after school and write that on the blackboard 100 times.)

Personally, I appreciate that the company is not willfully sacrificing shareholder value simply in order to grow, but is willing to wait as long as necessary for the market, cash flow and the resulting s.p. to improve. As the last caller on the CC said, this is a good thing and something very few managements are willing to do unless they have a lot of skin in the game themselves. The relative failure or success of previous deals is obviously a matter of concern for everyone who does, but has nothing to do with this issue.

It's also worth remembering that most of the "value destruction" you refer to was a result of partners' inability to raise majority equity themselves in the face of a totally broken capital market. Not to excuse their failure to foresee the extent of that breakdown, but I think management are doing their best to turn this thing around in the face of considerable obstacles out of their control. As a longtime (and long term) shareholder, I'm willing to give them whatever time they see fit.