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Select Sands Corp V.SNS

Alternate Symbol(s):  SLSDF

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

Bullboard Posts
Comment by kisstopherpon Aug 01, 2017 11:55am
166 Views
Post# 26533665

RE:RE:I'm a buyer at .45 - .50

RE:RE:I'm a buyer at .45 - .50

GoldenDilemma wrote: Remember guys, previous resistance will be support (at least for some point). If you were here long enough to remember how SNS had difficulties breaking through .50, and mid/high .40's, that's where we will be bottoming in the short term. More risk:reward in your favour buying there for a swing. Still bearish macro. Keep that in mind and don't end up a bag holder. The company is great; the current macro isn't. 


Well stated - All frac sand companies are getting crushed.

Haven't been up to speed on the latest macro developments but what has changed so materially that has caused sentiment to be so bearish? I know long-term demand is still projected to increase significantly.

HI-Crush went from $4 to $20 down to $8 and may head back to $4/5 range again! - just crazy.

I did notice that there has been some insider buying in the .60c+ range recently so it give confidence that management believe the bottom is soon to be in.

 

Bullboard Posts