GREY:COLUF - Post by User
Comment by
SN3165on Nov 15, 2013 6:57pm
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Post# 21911795
RE:Sandstorm
RE:SandstormSandstorm will absolutely give them the money.
Here is what Sandstorm IR had to say:
"If Colossus was in a situation where they could not access capital, it would be in the best interest of our shareholders to get involved."
The operational challenges they facd are not insurmountable..."
I believe an increase in the size of the gold stream combined with a line of credit or convertible debentures is the most likely outcome here.
Yes, the news was bad, and we still don't know how much money they will need..but I'm not ready to throw in the towel just yet on this one.