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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

Comment by biggameon Jun 09, 2022 9:25am
352 Views
Post# 34743123

RE:RE:RE:Acquisition Target

RE:RE:RE:Acquisition Targetyes company had 1 quarter in its sand mining history where they produced and  shipped above the 150000 ton capacity back when liberty oil services bought every last ton of sand, then bottom fell out and liberty cancelled supply agreement.
As of today we are running at about 2/3rd capacity while there is shipping bottleneck with signed supply agreement with major producer in eagleford due to end this calendar year. i would think there would be eagerness to renew agreement for additional term, otherwise that sand supply needs to be shopped around for higher bidder while sand supply is tight. 
Somehow the stock price action lately is telling me not to be overly optimistic
Hope the company hasnt missed its golden opportunity to turn this ship into a earnings positive venture
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