Post by
materialsgirl on Aug 09, 2013 11:00am
SND so far
SND raised $100m in 2010 and $50m in 2011. Original investors have paid in $150m The market cap now is a bit under $50m so there has been a 70% drop in value.
Bad as this my seem it is much better than most small miners have done during this time.
The mistakes that management have made (with the benefit of hindsight) can be attributed to 3 factors
1 not cheching out management sufficiently in the companies where they invested (one case)
2 unexpected falling commodity prices
3 deciding to go with relatively small miners. The risks are simply too great in this segment
It may take several years but I still think that the metals and energy royalty business will take off. It is frustrating for long time investors for sure.
At this point hanging in would seem sensible
They will be wiser in the size of miner they link up with and they management they partner with.
Comment by
Luxor63 on Aug 10, 2013 8:27pm
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