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Bullboard - Stock Discussion Forum Sandstorm Metals & Energy Ltd STTYF

Metals & Mining Industrial Metals & Minerals

GREY:STTYF - Post Discussion

Sandstorm Metals & Energy Ltd > Is this good?
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Post by gjervis on Dec 23, 2013 9:13am

Is this good?

https://www.stockhouse.com/news/press-releases/2013/12/23/colossus-minerals-releases-preliminary-resource-estimate
Comment by carinthian on Dec 23, 2013 10:42am
Looking at the shareprice I would say this is not good for SND ;-) Honestly, I guess more important for CSI would be securing the financing to get the pay out of the ground! DYODD carinthian
Comment by MidasMulligan on Dec 23, 2013 11:30am
CSI going bust is definitely not good, but If I'm not mistaken, Sandstorm has 10 mil. USD in secured debt (of the total 19 mil. USD secured debt). Other creditors (about 90 mil. USD) hold only unsecured notes. So if/when CSI goes bankrupt, the secured debt has to be paid in full first... Theoretically Sandstorm could end up owning the majority of CSI, right? Maybe they (with other creditors ...more  
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