Sandstorm Metals & Energy Ltd STTYF

RE:RE:RE:RE:RE:RE:RE:Colossus stream probably died today

[thegazelle]

Thanks very much for your insight.  My oldest is 10, so he will need the money in 7-8 years.  My youngest ones are 5 and 2, so lot more time there.  I have SND in my RRSP too but I many years from retiring (I am 40 now), so I can withstand the valleys on that one.

Problem is, I bought SND between .51 and .57 (preconsolidation)...so I am down something like 65-75% right now.  It is frustrating seeing other stocks do well and the PM space is getting slaughtered.  I own SLW too but much fewer of it.  I too own SSL and you are right, that one is influenced more by PoG than anything else, so I'm not worried.  I just am having a hard time reading the base metals space. 

That being said, 7-8 years is still a long time...I think I'm down way too much right now to be able to sell at a loss..it's good to hear that NW and company will not allow SND to go down in flames.  Particularly when he expected that SND's worth in 20 years will eclipse SSL.  That's a tall order now...but I have written some posts asking about whether SLW was like this at the outset...if it was, then perhaps this is the nature of the best with a growing company, coupled with a traditionally volitile sector. Thankfully I don't have all my eggs in one basket, but these two eggs' (SND and SSL) deterioration is very noticeable in my carton right now.

I still have confidence in Nolan to turn things around.  He's too smart of a guy to not learn from mistakes and make corrections. 

I have written Denver in the past asking about whether SND would ever fold back into SSL.  His response does not appear to indicate that it is even an option.

Regardless, I am holding on and not panicking (yet).  Perhaps this is why Warren Buffet has traditionally shyed away from commodities and the PM space. 

-Jeremy