RE: HighlanderNovadx represents a good asset with poor management, and perhaps the team at Sandstorm could have seen the warning signs. I count this stream as down but not out, as there are several ways to win if the asset is of good quality. Sandstorm can win if new management and financing is secured in the coming months (a long shot), or if Sandstorm takes control of the asset and negotiates a new deal with a new company and management team (more likely
this is what every one knows, the assests were good, managment was poor, it new people are coming in and finacing is secure then were off again. Once again NDX has 91 million is assess value, do you think some one will chance that, especally with MET coal becoming bullish again, i belive so.
he is wrong Sandstorm cant take control, theyed have to buy out the remaining price of the mine, but i belive they can force a new managment team in.
https://www.investorplace.com/2012/02/thermal-metallurgical-coal-energy-stocks-to-buy-tck-btu/