Select Sands Corp V.SNS

Alternate Symbol(s): SLSDF

Metals & Mining Industrial Metals & Minerals

Select Sands Corp. is a Canada-based industrial silica product company, which wholly owns a Tier-1 silica sands property and related production facilities located near Sandtown, Arkansas. The Company is engaged in mining its 520-acre site in Arkansas named the Sandtown quarry. The property is underlain by the Ordovician St. Peter sandstone formation, the source of industrial silica sand Ottawa White frac sand, selling into various United States oil and gas and industrial and specialty end markets. These properties include sand sphericity and roundness, crush (K Value), acid solubility, turbidity and silicon dioxide (SiO2) content. The Company is focused on developing this business to enable commercial silica sand sales to industrial and energy customers. Its Plant Reconfiguration Project includes installation of dry-process equipment at the Diaz Rail Facility.

TSXV:SNS - Post by User

Select Sands Corp

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Comment by GoldenDilemmaon Feb 21, 2017 1:58pm

151 Views

Post# 25872850

RE:RE:RE:Bottomed?

I really do not see a case for profit taking. The chart broke down and shorts aggressively piled in.

This either has to do with it being strictly technical, or potential fundamental risk factors:

- pricing in the shares that will be tradeable
- pricing in potential risk of the recent asset acquisition since we have not heard specifics yet

50SMA is holding as of now and we had a brief red to green. If we can close $1.44+ we will likely see a bounce tomorrow.

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