Wow, this writer sure doesn't like SANDSandStorm Gold: An Uphill Battle
by CDM Capit
I don't agree with his analysis but here is part of his conclusion:
We feel Sandstorm Gold is essentially a penny stock masquerading as a half billion dollar NYSE listed company. Since almost every streaming partner is listed on the pink sheets (all below $200m mkt. cap), we feel its partner alignment will prove to be an unsustainable business model later in the year. While on the surface it appears Sandstorm is making a small amount of money, we believe this is a temporary illusion due to the massive dilution used to finance risky streaming deals. Considering the risk adjusted dilutive capital used on the streaming projects, Sandstorm Gold is hemorrhaging cash on a year over year basis.
[url=https://seekingalpha.com/article/1561152-sandstorm-gold-an-uphill-battle?source=email_rt_article_title]Seeking Alpha[/url]