RE:Excerpt from Stockwatch Gold
How broken is the junior market that this BB isn't buzzing about little SSL swinging a billion dollar plus set of deals, including some major credit expansion and bulking up the pending Horizon Copper portfolio?
And very little discussion about why the ETG equity was slid over into a PP vehicle where the senior SSL people doubled down on their exposure to that asset.
As a shareholder of both ETG and SSL I don't mind the removal of ETG into Horizon because I think it is front-running a sell-out transaction for ETG that will cash up Horizon, and the purified SSL has followed the playbook Nolan laid out a few months ago by combining with another streaming portfolio to build the capex up to where larger institutional holders might take an interest. Found it interesting that Ontario Teachers was throwing in on the second deal - I expect they might hang around and become a substantial shareholder in SSL?
Totally on board with Nolan's belief that precious metals and copper are poised to be market outperformers, and SSL will grow and revalue upwards. Great prospects here as the stream portfolio matures.
cg