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Sandstorm Metals & Energy Ltd STTYF

Metals & Mining Industrial Metals & Minerals


GREY:STTYF - Post by User

Sandstorm Metals & Energy Ltd > Is this good?
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Comment by MidasMulliganon Dec 23, 2013 11:30am
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Post# 22033221

RE:RE:Is this good?

RE:RE:Is this good?CSI going bust is definitely not good, but If I'm not mistaken, Sandstorm has 10 mil. USD in secured debt (of the total 19 mil. USD secured debt).

Other creditors (about 90 mil. USD) hold only unsecured notes. So if/when CSI goes bankrupt, the secured debt has to be paid in full first... Theoretically Sandstorm could end up owning the majority of CSI, right? Maybe they (with other creditors) could get a decent price for these assets (mine and equipment)...
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