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Bullboard - Stock Discussion Forum Sandstorm Metals & Energy Ltd STTYF

GREY:STTYF - Post Discussion

Sandstorm Metals & Energy Ltd > Nolan Watson buys DONNER metals @.35
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Post by twintomatoes on Oct 31, 2012 10:15pm

Nolan Watson buys DONNER metals @.35

Heres a quote from Nolan Watson...We are pleased to have acquired a gold stream on a strong mine, operated by one of the world's largest mining companies," said President & CEO Nolan Watson. "The Donner transaction highlights the financing synergy that we envisioned when Sandstorm Metals & Energy was spun-out from Sandstorm Gold in early 2010."
Mr. Nolan Watson, President & CEO of Sandstorm Metals & Energy, said, "We see great potential in the Bracemac-McLeod mine and are excited that initial production is near-term."
Sandstorm bought 6.2 million shares at .35! With the mine coming into production early 2013 this a great time to get in IMO.
 
Its truly bizarre how we are a few mere months from production fully financed permitted trading at .175?? Xstrata and DON are embarking on a 35,000 M drill program as well. I'm almost halfway to a 7 figure share count and will keep adding! I bought my first 200,000 around .28 and have averaged down since.
 
Nolan Watson is one of the most brilliant young guns in the business! He obviously know the potential of this mine. If he thought .35 was a good buy... Guess I will buy more at .175
 
Comment by thegazelle on Nov 01, 2012 10:24am
Hi.  Where do we go to see that Sandstorm owns 6.2 million shares of Donner and how much they paid for it?
Comment by ideal2u on Nov 01, 2012 10:36am
Yes I agree, please provide us your source of info.  Thx.
Comment by unlimited_aw on Nov 01, 2012 10:41am
https://sandstormmetalsandenergy.com/_resources/financials/2012/SND-Q3-2012.pdf Go to page 26, note 5E The Company made a payment of $17.75 million for the Bracemac-McLeod Copper Stream. Furthermore, the Company subscribed for 6,428,571 common shares in the capital of Donner for $2.25 million. Donner has provided a cash flow guarantee that the Company will receive minimum before tax ...more  
Comment by denisonod on Nov 01, 2012 10:43am
For PR, go to S M&E news site and read 7-25-11 press release.  It may be on the gold side, too, but I just looked on the M&E side.  GL
Comment by thegazelle on Nov 01, 2012 11:04am
Great.  Thank you so much for the info.
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