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Bullboard - Stock Discussion Forum Select Sands Corp SLSDF


Primary Symbol: V.SNS

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... see more

TSXV:SNS - Post Discussion

Select Sands Corp > US Gov Helping Fix the Balance Sheet While Sales Ramp Up
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Post by Frankie10 on May 28, 2021 2:58pm

US Gov Helping Fix the Balance Sheet While Sales Ramp Up

PPE of almost 600k USD, application for forgivness already sumbitted.

Can we please give Zig some more shares and options - the man deserves it after all the stick handling he has done for us.

With Sales ramping up to 70-85k tons per quarter and climbing, the free money from the federal government is looking to have been the perfect financial bridge to get us over this hurdle.
Comment by biggame on Jun 27, 2021 8:42am
wonder if some of theat government money went out the window for that dreadful february gas bil? Looking forward to seeing an update on Q2 operations and outlook for Q3  prior to the late august release of quarterly figures
Comment by Frankie10 on Jun 28, 2021 9:36am
it clealy did. but that is already baked into the financial position of their most recent financials. only change from the current finanaical position will be the forgivness of the debt, an increase in working capital and new debt of 600k, and hopefully some reimbusement of the gas bill once settled. other than that, the cash flow should be operational - which at ~80k tons/q with the new ...more