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Sandstorm Metals & Energy Ltd STTYF



GREY:STTYF - Post by User

Post by elmothefearlesson Mar 28, 2013 9:25pm
522 Views
Post# 21183943

Nolan buys

Nolan buys

Nolan purchased 262,500 shares today for approximately $108,000.

 

Is this a large amount, relatively?  No, not in the larger scheme of things.  However, if I understand correctly, Nolan is only drawing a salary of $100,000 - $200,000 from SSL/SND.  And most of his wealth is tied up in SSL.  

 

In my opinion, if Nolan is sinking 50% of his annual free cash flow into SND, it is a meaningful purchase.  Great vote of confidence.

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