RE: One final comment on SND Terrex is a mess, that I'll agree with you on. Why on earth SND decided to go with a unconventional oil stream, instead of a conventional oil producer.... That I just don't get. Maybe management was in a hurry to get a deal signed?
Royal Coal despite it's poor management, also suffered through the current EPA red tape that is impacting every other thermal coal miner in the states. All one needs to do is study the Dow Jones U.S. Coal Index to realize that thermal coal isn't going up anytime soon. The glut of natural gas, combined with this administrations EPA regs have for all intents and purposes destroyed the U.S. thermal coal market.
https://finance.yahoo.com/echarts?s=^DJUSCL+Interactive#symbol=^djuscl;range=1y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Being that NovaDx (Blackpaw) is active in the Met coal and activated carbon markets, IMO will turn around with new management and restructing.
I wouldn't give up on Thunderbird. They have a very good property and are producing. Abet not as much as we would like, but they are running. They need to update their website with the most recent filings. The below link was issused by Thunderbird on Sep 28, 2012.
https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00005453&fileName=/csfsprod/data135/filings/01965609/00000001/C%3A\Filings\TBDmda092812.pdf
Give Donner a chance to get Bracemac-McLeod up and running. So, they needed additional capital? Everyone, everywhere is needing additional capital to get their projects up and producing. Are you going to complain if Colossus doesn't have our paladium stream in production by the end of next year? Even though you say that it's our only healthy stream? I see two healthy streams and two others that will need some extra time.
Do you think Nolan and David would be buying hundreds of thousands of shares in SME if they didn't think that it will be a success?
This management isn't stupid. Yeah, they've made some mistakes with the earlier streams and they are doing what they can to help. I expect every stream going forward will be more throughly researched before the pen touches the paper.
GLTU