GREY:STTYF - Post by User
Post by
materialsgirlon Aug 13, 2013 1:03pm
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Post# 21666849
down 90% from peak
down 90% from peakJunior miners drop 90% on a routine basis. Two dry wells (in oil) or a few drill holes with low grade can send a share price plummeting in minutes.
Royalty companies are not exposed to any of this type of risk
Still SND is down 90% from the momentary peak in 2011. This is exactly what is supposed not to happen to a PORC ... a Plain Old Royalty Company.
Yet there is no way to guage the future due to almost all SND assets being compromised or at risk in some way.
Never thought I would see the day when "down 90" would be applied to a royalty company.
Mat