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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Post by RasoolMohammad1on Sep 26, 2019 6:31am

440 Views

Post# 30166022

White Sand ain’t good no more - Says Liberty Oil Field

Dr Mike Mayerhofer, Liberty’s Director of Technology, provides his data-driven perspective on the impact of Brown Sand vs White Sand on oil production in the Permian was Basin:
https://www.libertyfrac.com/technical-papers/local-sand-v-white-sand/

Local sand has become an attractive choice because of the low cost
No appreciable production performance differences
One could argue that wells are slightly performing better using brown sand
Select Sands management continues to tell investors that white sand is better to justify drawing exuberant wages at the expense of the workers in Arkansas who actually work whereas the Houston office has army of people and BOD drawing wages for a company that is selling assets to pay the management high wages and BOD fees.
My first prediction of management and BOD selling assets to pay themselves has come true
My second prediction: there will be no contract or at a price that will be at loss and then it will be too late. It is too late already.
this is the CEO who said in meetings in Vancouver, Calgary and Toronto that this business is too small for him and he can do it while he is sleeping and he is going to turn this into $Billion; he did the opposite; if I were him I would quit, I will be so embarrassed
I feel bad for the poor workers of AR Who’s lunch is being eaten by management and BOD, 5 of them. And I don’t know what some BOD do beside collecting fees.