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Sandstorm Metals & Energy Ltd STTYF



GREY:STTYF - Post by User

Comment by zentrarianNZon Jun 29, 2013 6:19am
50 Views
Post# 21581058

RE:Appears Don is in deep trouble

RE:Appears Don is in deep troubleOne post was enough, tt! (just kidding).....I have a sneaking suspicion Glencore may be deliberately putting the screws to Donner, it wouldn't be the first time they have stabbed a junior partner in the back. Maybe Sandstorm can cut back on its own monthly targets if GX isn't going to help. (Didn't Donner have a $4M credit facility arrangement with Sandstorm? Only a month's or so expenses at their current burn rate, but every bit helps.)

In any case, if GX does take over before Donner can cross the bridge to positive cash flow, presumably the streaming agreement remains intact?....Sandstorm's going to have to start playing with the big boys one way or another, especially on the non-PM side of the business. I just hope they are prepared to play hardball because guys like GX and Rio Tinto can be ruthless in grabbing the whole pie for themselves. I'm afraid it's gonna take a lot more than one Nolan Watson to clean up the mining business!
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