Sandstorm Metals & Energy Ltd STTYF

RE: snd.v and libra fund

[bob4977]

I always find it interesting when someone assumes a Hedge Fund like Libra can make the price go higher so they can sell at a profit. They probably  have to sell 29 million shares by December 31st. That is close to 1 million shares per day of selling pressure if they still have the 29 million shares. Judging by the recent downward bias, I am going to assume that they have sold at least 1/3 of that. SND can save the share price by finding a buyer at a decent price but if they do not this stock will continue to tank. Not all bad news for us. By the end of the year Libra will be out one way or the other and some of us will have gotten more stock at a cheaper price. I have a buy order in at 44.5c and will put another one in for under 40c if it looks possible. Its just painful watching a stock slide like this one might.

Bob