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Sandstorm Gold Ltd T.SSL

Alternate Symbol(s):  SAND

Sandstorm Gold Ltd. is a Canada-based precious metals-focused streaming and royalty company. The Company is focused on acquiring royalties and gold and other metals. The Company holds a portfolio of over 230 royalties, of which 41 of the underlying mines are producing. Its segments include Antamina, Aurizona, Blyvoor, Bonikro, Caserones, Cerro Moro, Chapada, Fruta del Norte, Hounde, Mercedes, Vale Royalties, and others. Antamina open-pit copper mine located in the Andes Mountain range of Peru, approximately 270 kilometers (km) north of Lima. Aurizona mine is in Brazil. The Blyvoor gold mine is located on the Witwatersrand gold belt, South Africa. The Bonikro gold mine is located in Cote d’Ivoire. Caserones open pit mine is in the Atacama region of Chile. Chapada mine is located 270 km northwest of Brasilia in Goias State, Brazil. Mercedes gold-silver mine in Sonora, Mexico. Black Fox mine and Froome mine are located in Ontario, Canada.


TSX:SSL - Post by User

Bullboard Posts
Post by denisonodon Aug 28, 2012 11:39am
477 Views
Post# 20269011

Quiet market

Quiet market

It is very nice to see SAND really quieting down.  I'll take the 9.70s for days or weeks.  We need to get through the closing of the enhanced offering (about Sep 13), completion of the 15% over allotment option (about Oct 13), and Q3 earnings report (late Oct).  Once we get through October and the the US election, we should have a lot more directional movement.  Any modetate to significant gold movements should be magnified in SAND price action.  It may take some time before we see a significant share price increase.  The big uncertainty is when the next streaming deal is announce and (of course) the details.  If it is a big deal and is announced in late Oct or early to mid Nov, we could look back on this 9.70s level as a super buying area.  Investors and traders alike need to keep in mind that early Nov is only 2 1/2 months away.  Every day we are a little closer to having answers to a lot of questions...and...IMO a higher SAND share price.  Disclosure: Increased my SAND position by exactly 20% since the offering was announced.  I refuse to be diluted.  GL

Bullboard Posts