The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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More from Stockhouse: "SAND is continually misunderstood primarily because - for whatever reason - Hot Maden is not getting the investor attention it deserves. It was a great deal, but because they acquired Mariana (with its 30% interest in Hot Maden) instead of buying a stream, there was a lot of the criticism. But, comparing the expected return vs a typical streaming deal and its a multi-x better return. Streaming investors just don't get it. While I'm frustrated I also look at this as a buying opportunity (although my current position is pretty large already). Although many investors want to see a dividend, I believe there is a better return from buying back shares. (I've never understood why streaming investors are so into dividends, given that they are so small. FNV and RG are both only 1%+.) But, all that being said, Nolan has made it clear they'll soon have a dividend. In any case, I see value accretion and an upward trending stock price."
thanks D220.That's also someone else who can't read or, we are all right and the land that needs a coloured light to allow them to cross the road,needs a PFS to allow them to invest.On his reserved estimate,before further exploration HM will triple cash intake and that is with other streams on the way.
worth a read: http://www.stockhouse.com/companies/bullboard/t.ssl/sandstorm-gold-ltd?postid=27841224
maybe they have to see it verified in the PFS which I believe is due soon,but i agree you would think opportunists would be all over it !
Market seems unimpressed. Or completely ignorant. The share buy back makes sense at these levels. Really thought there would be more excitement/comment around the HM figures.....
I wonder if that is the SSL policy as they have had offers for at least a couple of other assets 10x book value but keep it on the books at nominal/initial valuation and then presumably wait for cash to be realized .So following that vague logic,they may not wish to promote or value anything that is not yet producing ! Even so-if HM turns out to be multiples of the estimated book value which was set to at least double total SSL cash income then HM alone could (when producing) catapult the sp .Even if SSL dont want to make a fuss you think the market would notice, although SSL are just starting further share buybacks so low key may suit at the moment, or are we reading the figures wrong ?
SGD - I really don't understand why this is so "low key" either! As f29 says, this looks pretty damn "Wow" to me !
...and now I see that the report IS referenced on the Sandstorm website, here : http://www.sandstormgold.com/news/2018/index.php?content_id=565 I didn't find it at first because I was searching for "Hot Maden", and they're now calling it "Hod Maden"! But I still can't understand why they're not shouting louder about it.
No, sorry, it IS on edgar too. It was the 3rd one down. Here's a direct link to the main document : https://www.sec.gov/Archives/edgar/data/1434614/000127956918000625/tv489870_ex99-1.htm So I make it 4.5Moz M+I, is that correct?
OK, found it, thanks. But now I'm even more confused. Has this been submitted early by mistake? It's on 'sedar' but I don't see it on the apparently equivalent 'edgar' : https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001434614&owner=exclude&count=40 Why is there nothing mentioned on the Sandstorm website?
http://www.sedar.com/ I went to this site and narrowed down the dates etc good luck
Hi fulmar, sounds really interesting, but we need to know the URL for where you were when you used that javascript link!
section 14 will show inferred and indicated of the 2 areas assessed to-date--far mor than 1.2 and northern area and further exploration to follow.
we sold with a PEA/PFS 1.2moz gold equiv.
I am not sure I am reading it right and can't recall previous figures. Can anyone give a summary for dummies?
javascript:submitFiling(document.form1522753783363,'AcceptTermsOfUse'); Huge file I hope it works Wow.If only Parsons had held his nerve !
I have accessed it and WOW!!!!!!!!!!!!!!!!!!!!!!!!!!!! if I am reading it right it is absolutely huge indicated and then inferred broken down into areas.No wonder the price moved yesterday and when this is seen it will go again.
Thats the problem that I have had....
I saw there was one,but how does one access the detail ?
Anyone seen the N43-101 resource estimate which has just been published for HM?