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Select Sands Corp V.SNS

Alternate Symbol(s):  SLSDF

Select Sands Corp. is a Canada-based industrial silica product company, which wholly owns a Tier-1 silica sands property and related production facilities located near Sandtown, Arkansas. The Company is engaged in mining its 520-acre site in Arkansas named the Sandtown quarry. The property is underlain by the Ordovician St. Peter sandstone formation, the source of industrial silica sand Ottawa White frac sand, selling into various United States oil and gas and industrial and specialty end markets. These properties include sand sphericity and roundness, crush (K Value), acid solubility, turbidity and silicon dioxide (SiO2) content. The Company is focused on developing this business to enable commercial silica sand sales to industrial and energy customers. Its Plant Reconfiguration Project includes installation of dry-process equipment at the Diaz Rail Facility.


TSXV:SNS - Post by User

Bullboard Posts
Comment by GoldenDilemmaon Mar 31, 2017 3:11pm
163 Views
Post# 26060072

RE:RE:RE:RE:RE:RE:RE:BUY BUY BUY

RE:RE:RE:RE:RE:RE:RE:BUY BUY BUYgolodranets -

I highly advise against averaging down on a losing position. Especially when dealing with the aforementioned bearish hypotheticals. 

While SNS is a great company, you still have to consider risk management so you are not a bag holder with a heavily depreciated position. This limits your ability to be liquid and also limits any opportunities to trade the volatility (unless you have other accounts with cash in them). 

If 100SMA is breaking, this is a bearish signal. Not something to buy into unless trading and are looking at more micro time frequencies (1 minute - 1hr trends). 
Bullboard Posts