GREY:STTYF - Post by User
Post by
sevencitiesofgoldon Aug 13, 2013 5:18pm
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Post# 21667595
Dnever H reply
Dnever H reply Similar reply, we'll see I completely understand where you're coming from and appreciate the comments. We understand how critical it is for our management team to regain confidence from our investors and the way that we handle the current situations will dictate that result. We are working extremely hard to maximize shareholder value amidst the challenges that we are facing and I believe that we are going to get through this. To shed some light on the situation with Donner, if they do indeed default on their agreement with Glencore Xstrata, Sandstorm has the ability to step in, cure the default and assume the entire 35% joint venture. Although we would be responsible for the ongoing cash calls, the joint venture interest represents significantly more cash flow than our current 24.5% stream on the copper. We do intend to hold a conference call during the third quarter where we will provide a comprehensive update and discuss our vision going forward and the next steps that are going to get us there.