RE:Yamana dealWell SAND has a taste of Mongolia and Brazil, those deals are sure helping the bottom line these days so why not some Argentina... A bit saulsa is good so lots has gotta be better, eh :)
SAND must picture itself as an up and coming Franco Nevada, a company made 100s if not 1000s of long term bets, os of which did payback 100 fold.
There is however one big difference. Franco Nevada could likely have had the Yamana or Mongolia or Brazil deals but they declined. Plus the buy lots of long shorts worked fine for Franco because they did so in a rising gold market. Last time I checked we are in the midst of a falling gold market so the SAND deals are likely to work out a bit differently.
SAND just need to add some deals in Canada on Indian lands and watch that go sour as JT, the Dope and Hope leader in Charming Canada, undoes 100s of years of injustice to Indians/Metis/Inuit and converts Canada into a green nation of a 1000s nations, 999 of which produce nothing but demand everything.... yes, miners Canada resource taxes are heading higher, so SAND should get a position before that news hits the headlines....
My bottom line expectation is SAND gets taken over by Franco at roughly 25 cents a share in next 3 years when gold is trading at $8xx an ounce.
SAND had a brilliant start but the light is now gone IMO. Will be watching with keen interest.
bilbobaggins.midearth wrote:
Pros:
-partnering with a major-
-imminent silver stream income
-the timing of the announcement of this deal seems to be tied to Sunday's electoral accomplishment of business friendly argentine presidential candidate Maurico Macri. He is now in a run off against Kirchner's favourite. The deal is a bet on his eventual success.
Cons:
-SAND is now beholden to Argentine politics :(