Sandstorm Metals & Energy Ltd STTYF

TBD and DON

[maypeters]

some comments from Denver: 

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I think it is realistic to expect that the first cash flows from Donner will come during the fourth quarter of this year.

 

As far as Thunderbird is concerned, they are in a tough position. They are out of money and the wells are not producing as they had hoped due to the water issues. Sandstorm will not be remitting the final $7 million payment to Thunderbird but we are supporting them in their capital raising efforts and are looking into potential scenarios that could get them into production.

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GLTA

[zentrarianNZ]

IMO, withholding the $7M balance is good news. TBD has had some tough luck, to be sure, but it appears management may not have been totally forthcoming about its problems and probably could have overcome them with better contingency planning and allocation of capital. In any case, Sandstorm needs to start taking a hard line with partners who can't meet milestones and hold up their part of the