I think management has some kind of deal being worked out with SSL ...Maybe they buy us out or become a investor in the company seeing how they have to try and protect their streaming agreement from a possible buyout...
Seeking Alpha opinion - BETTING ON A SANDSTORM ORCHESTRATED TAKEOVER OF METANOR:
Metanor was heavily discussed in an article this summer that analyses the income streams of Sandstorm, of which Metanor forms a sizeable contribution. The author notes that Metanor is quickly approaching a point where it will have completed its $20 million cash flow guarantee to Sandstorm and will be positioned to minimize Sandstorm's impact on operations, forcing a renegotiation of terms and/or switch to processing high-margin (and likely softer/easier to process) ore sourced from outside of Sandstorm's reach;
"Metanor certainly has a strong negotiating position for a restructure of the gold stream, growing stronger with the approaching deadline of completing the $20M cash flow guarantee". Excerpt of conclusion from article:
"In conclusion, we see three possible scenarios:
- Metanor Resources continues to operate until the guarantee to Sandstorm Gold is fulfilled. We would expect the company to minimize delivery into the stream thereafter.
- Metanor Resources renegotiates the streaming arrangement.
- Metanor Resources gets taken over. Renegotiation of the streaming agreement would be a highly likely part of such a deal."
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The author concluded his article on Sandstorm indicating investors
"might try their hand on shares of Metanor Resources, betting on a takeover". The full seeking alpha article may be viewed at
https://seekingalpha.com/article/3299745-risks-linger-and-continue-to-weigh-on-sandstorm-gold online.