Sandstorm Metals & Energy Ltd STTYF

Nolan buys

[elmothefearless]

Nolan purchased 262,500 shares today for approximately $108,000.

 

Is this a large amount, relatively?  No, not in the larger scheme of things.  However, if I understand correctly, Nolan is only drawing a salary of $100,000 - $200,000 from SSL/SND.  And most of his wealth is tied up in SSL.  

 

In my opinion, if Nolan is sinking 50% of his annual free cash flow into SND, it is a meaningful purchase.  Great vote of confidence.

[carinthian]

@ Elmo Thanks! I think too that management has great confidence with the company but Nolan should have left some money from his time at silver wheaton too I would say but nevertheless management buying is always a good sign. @ MrC I do not think that they will use big brother again because why would they have then paid the $15mio to them? Personally I think they are waiting for 2 things

[iceman28]

can you please post the link where you found out that Nolan bought. Thanks

[bob4977]

I looked at Canadian Insider and there were no recent purchases. Bob

[iceman28]

exactly, I also could not find it. If he bought it would be great as I assume that the stock would start to run very soon. Definetly soon some institutions will come in and get a position as we can expect that they are preparing for an US listing. SND will follow Sandstorm Gold.

[elmothefearless]

Canadian insider won't show a purchase until the business day after the purchase.     For the top 10 largest buys/sells by insiders on the TSX/TSXV, go to:   www.tmx.com   Go to TMX Money (there is a menu near the top left colored yellow)   However over TSX Market Activity, click on insider trade summaries.  Link:   https://www.tmxmoney.com/HttpController

[iceman28]

thanks for the info, looks good, seems that the train can leave the station now.

[Luxor63]

This post has been removed in accordance with Community Policy