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Sandstorm Gold Ltd T.SSL

Alternate Symbol(s):  SAND

Sandstorm Gold Ltd. is a Canada-based precious metals-focused streaming and royalty company. The Company is focused on acquiring royalties and gold and other metals. The Company holds a portfolio of over 230 royalties, of which 41 of the underlying mines are producing. Its segments include Antamina, Aurizona, Blyvoor, Bonikro, Caserones, Cerro Moro, Chapada, Fruta del Norte, Hounde, Mercedes, Vale Royalties, and others. Antamina open-pit copper mine located in the Andes Mountain range of Peru, approximately 270 kilometers (km) north of Lima. Aurizona mine is in Brazil. The Blyvoor gold mine is located on the Witwatersrand gold belt, South Africa. The Bonikro gold mine is located in Cote d’Ivoire. Caserones open pit mine is in the Atacama region of Chile. Chapada mine is located 270 km northwest of Brasilia in Goias State, Brazil. Mercedes gold-silver mine in Sonora, Mexico. Black Fox mine and Froome mine are located in Ontario, Canada.


TSX:SSL - Post by User

Bullboard Posts
Post by denisonodon Jul 23, 2013 5:01pm
302 Views
Post# 21625682

Technicals for SAND

Technicals for SANDThe RSI has bounced from a recent low of ~18 to 54.9.  The simple MAs:  200-day  10.01;  100-day 7.66; 50-day  6.73; 20-day  5.99; and 13-day 6.18.  SAND has taken out the two shorter term moving average and is poised to make a run at the critical 50-day MA.  The 100-day is only about 13% away.  Gold clearly finished above its 50-day MA of 1333.40 (MA from 7/22).  Key will be if gold can finish the week above 1555-60 and SAND can follow gold's lead into the upper 6s, or higher.  The next three to four closing prices of the metal and the stock could be the key for the next 1-2 months.  IMO, unless there is a huge move before late September, Oct-Nov coud be very strong for gold and SAND.  Expect Q2 earnings release in early August.  Lately, unaudited reports have been out between 21 and 40 days after the end of the quarter.  As i wrote a year ago, I don't expect very good numbers out of Q2.  And, they should be worse with the large price drop for the metal.  Volume will be interesting; however, I am hopeful that both volume and price will work higher throughout Q3-4.  If all works well, there should be a huge improvement in 4Q2014-4Q2015 over 2Q2013-4Q2012.  The big gains (if the price will cooperate) should start hitting in mid to late 2014...that is only 12-18 months away.  I have not sold a single share of SAND this year.  GL
Bullboard Posts