Post by
greenandgold on Jul 15, 2011 3:39pm
Cash Position post-financing
If they finance for the full $48 million (which I expect given how much institutions respect Sandstorm) then the cash position will be around $36 million after Aug. 3rd (with $10 million of that $36 million committed to Thunderbird in 2012).
So roughly $26 million free for another big acquisition and working capital.
Comment by
ZeroZero on Jul 15, 2011 6:21pm
The way the management is adding to the float, their cash position needsto be in hundreds of millions of dollars, not just dozens of millions of dollars !