RE: Cash Flow Timing Cash..... can understand your frustration but did you happen to notice gold was off approx.$30 impacting most if not all gold shares today.
Yes volume was definitely higher than normal but someone be it Institutional or Retail was certainly there happily buying shares :+)
50 mil in the scheme of things is not a deal breaker and I don't believe Nolan will leave us in a strapped position where we no longer have access to additional cash for future deals. More light will be shed on this as mentioned earlier on the Conference call next week.
Patience my friend and you will be handsomely rewarded.
'm afraid by not explicitly mentioning a time frame for when we can expect cash to come back to us that the date is very far into the future.
I can understand and commend management for thinking long term BUT how many shareholders are willing to wait a decade for an investment to reach fruition; very, very few.
Since this is a very different profile than we've been told we are investing in; namely safe jurisdictions and 2-3 year periods for cash flow I am not happy with this deal. This deal is not like the others, it doesn't belong.
Clearly the institutions have said they don't like it either with the enormous flood of shares being sold today. That is not retail activity.
I too have looked at the Entree presentation and it is not at all clear, purposefully obfuscated I'm sure, that there will be any cash flow in 2015 from the early development. I would like to hear from NW when we actually expect cash flow from this contract. If we are getting little to nothing for a DECADE I do NOT like this deal at all.
I am in Sandstorm to rack up lots of singles and some doubles. I would be invested in the mining companies if I wanted home runs and all the strikeouts that come with them.
This is a clear violation of the investment thesis in Sandstorm.
Now they can say it is only 4% of market cap and it is NOT. It is five percent so in that regards it is a small lottery ticket purchase but the market has punished the stock well in excess of this amount because the market, the institutions, no longer believe they can invest in Sandstorm as a low risk way to invest in precious metals.
NW has changed the company profile into a high end casino which is what many of wanted to avoid when we invested in this operation.
I do not like this deal.