GREY:STTYF - Post by User
Post by
sevencitiesofgoldon Aug 14, 2013 4:50pm
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Post# 21670597
DH response to dilution
DH response to dilutionDH response re dilution "You’re right that for Sandstorm to be able to assume the joint venture, we would have to raise capital. It is not an ideal situation to be in and if Donner does default we will look for ways to maximize shareholder value and minimize dilution. Having said that, the 35% joint venture interest is worth significantly more than 24.5% of the copper which Sandstorm currently has exposure to. Shareholders would receive some value in return if that scenario unfolded." IMO, shareholders shouldn't be punished for managements terrible decisions. Why squander 5 million for entree gold deal, which is literally an eternity away? Theyre not even sure Donner deal is done and working on others. Now, no money to save Donner deal. It's stupid .