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 Onedaylateon Oct 26, 2018 11:15pm

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Post# 28881451

RE:RE:RE:RE:Been There Done That!

Candykid you may very well be right. On all of your points.
I have been burned badly from a few stock picks in the past from companies who put out false and misleading statements, or no news at all. I find that SNS is different in this regard.
They were doing very well off one big customer. But that was pretty well 80% of the business.
I think the main culprit for the down turn with SNS in particular is cheap brown sand being made available right in the Permian Basin. Doesn't work quite as well, but it's just so cheap! Same as buying under wear from Walmart.
I continue to hold SNS. Very long term now. I still have trust in management.

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