Sandstorm Metals & Energy Ltd STTYF

RE:Appears Don is in deep trouble

[carinthian]

Last MD&A from Donner page 17 it says:
Macleod mine. Should the Company have insufficient funds it would trigger a default under
the Metal Purchase Agreement, which default if not waived by Sandstorm, would result in the Company’s interest in the Bracemac Macleod mine converting to an amount equal to a 2% net smelter return royalty. The 2% net smelter return royalty can be reduced by Sandstorm to a 1% net smelter return royalty by the payment of US$1 million to the Company.

This sounds for me that if DON cannot prove to SND to be able to meet obligations on a monthly base the whole interest in the property falls to SND?

And as far as I can remember Nolan did mention that they expect to show first cash flows in the fourth quarter?