Sandstorm Metals & Energy Ltd STTYF

So Far So Good

[HonestAbe]

As indicated in my previous long winded post (below) I was anticipating a slightly longer period of consolidation that matched the up/down rally/retracement levels during the past two months. So if all goes according to expectations this roughly should be the final week of consolidation and if right up to Friday then that would be exactly 11 consecutive trading days, which is sufficiently more than the 9 consecutive days during mid-Oct.

The chart looks technically sound and there is a nice consolidating flag appearing and you see trading volume starting to dry up which is what should happen. At the minimum I think the sp touches 50 cents but +/- one cent can occur because hey, it is a penny stock! 48-50 cents is roughly also a technically strong support level now. And a breakout from this present flag at say bottom of 50 cents should mirror the stronger bull run that was witnessed from 31 cents to 51 cents (+65%) during late Sep into Oct and this run due to the longer time periods should also result in slightly greater percentage increase too. I am anticipating the run goes to at least 85 cents (+72%) starting next week and occurs over a period of at least three weeks (early Dec).

What would invalidate my thesis is if the sp declined below 50 cents on suddenly heavy trading volume such as 3M or 4M+. GLTA.

https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31751939&l=0&r=0&s=snd&t=list

[GObabyGO1]

This sounds like best case scenario. Probably need another positive news release to stop from drifting lower. But who knows, maybe people holding a boat load of warrants will try to push the SP past .70 cents. Next few weeks should be interesting indeed.

[elmothefearless]

I modeled a really, really, really conservative valuation for SND in Excel.  If you want the spreadsheet you can inbox me on stockhouse.  Here is the big takeaway, using $3.00 copper, 3 g/t grade at CSI's mine with $550 palladium price, and $3.50 natural gas, and assuming no value for NDX, TER, or RDA, I come out with a $0.86 target share price for 2013.  For 2014 it's $1.06

[elmothefearless]

Woops.  And this really doesn't take into consideration how SSL is trading.  SSL is trading at uhhh 25x forward cash flows.  If we get a valuation like that, we'll be trading a fair bit above those conservative numbers I gave.  At the more realistic numbers this could be $1.00 - $1.25 next year.  At a valuation like that I can virtually guarantee Nolan will come to

[Thundersole]

I like point and figure charts as they indicate up and down trends. The bullish trend is still intact, and can go much lower without a bearish trend reversal. As I stated in an earlier post the numbers I'm watching are .51 which is a bearish reversal (not trend reversal). If the stock trades at .51 then there is a good chance it will trade back to it's 50% retracement which is .42. If

[joyinv]

Sounds pretty realistic.

[blaggers]

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[zentrarianNZ]

Pretty good call, Thundersole. I had a stink bid in at 51 in anticipation of a short term drop. If it goes as low as you think it will I'll be buying more, even though I've already got a very good position at an asp of 40. Days like this are why you want to always keep some dry powder in reserve.