The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Sandstorm shares are traded on main Canadian & US Market. They are dollar shares
Yes they can mate. Only caveat is you can't hold foreign currency in an isa, so when you sell you have to do the FX straight away - so is your shares go up 10% and the pound/dollar does as well you'll make 0. Hope this helps
SAND is AMEX ticker SSL is TSX ticker.
For sandstorm? Is it sand or ssl we should be looking at? Thanks in advance
Guess they can retire now? It would take a lot for me to invest in a company run by either after this.
A live one. https://www.investing.com/equities/sandstorm-gold-ltd-n-chart
Can American shares be held in an isa?
I am a small UK investor in Sandstorm Gold on TSX. IMO this is a great deal for all. Sandstorm shares move up & down in large amounts on any one day. being 5 a share with no debt,cash,stock investments in other mining company's that can be monetised at any time & $110 million revolving credit facility and strong cash flow from operation. Sandstorm CEO & management have proven good management ability to build the company. Take a look at Sandstorm web site. http://www.sandstormgold.com/
No idea what platform you're watching: SAND (-10.89%)
Marl now 0.9010 Sand down to $3.63
to those who sold today at circa 85p. It hard to make 8% in a year, and you throw it away in one morning. A profit is a profit, but, next time get your calculator out and have patience for just a few hours. Maybe i shouldnt be saying this as it seems so easy to make cash from muppets :D Hold for value imho
Still can't buy. SAND bouncing.
:D
based on live SAND price. Very good.
Well, the NYSE took that well... 3.7ish, down 8% and still falling. MARL now going up. I will sell at 103 to get the same profit as if I wait for the deal to go through
Seems SAND share owners are about as happy as we are - Currently 8.5% down......
The general rule of thumb is that any earnings or losses made in an ISA, stay in the ISA. If you bought A, then bought B from the proceeds of selling A, any profits you later make in B will be just as exempt from CGT as your profits from A were. And this applies whether the decision to sell A was yours, or was taken our of your hands in the case of a takeover. The only possible reason I can think why you might be concerned is that the Sandstorm shares won't be UK listed, but AFAIK, that makes no odds, and they will be tax-exempt provided they are held in an ISA.
My MARL shares are in an ISA so assume that if this goes ahead I would pay tax on any future Sandstorm shares I sold on NYSE. Is this correct?
http://www.investorschronicle.co.uk/2017/04/26/shares/news-and-analysis/news-tips-greencore-mariana-resources-bhp-billiton-more-BfFuBm581eXdd6ZgjkYXjN/article.html " In November, we tipped gold minnow Mariana Resources (MARL) on the belief that the world-class grades at its Hot Maden prospect in Turkey would attract the notice of larger peers. Today, the Aim-listed firm announced the receipt of a 110p a share bid from minority shareholder Sandstorm, representing a premium of 84 per cent to yesterday’s closing price. The cash and shares deal would give Mariana shareholders a 19 per cent stake in New York-listed Sandstorm, which perhaps explains why the takeover target is only up 36 per cent this morning. Our recommendation is under review. "
I thought it was about 9%.
If 109p a share values Mariana at almost £167 million then a major could offer 50pc more and still make insane profits down the line when you consider the (out of date) NPV of HM.
https://seekingalpha.com/article/4059457-breaking-sandstorm-golds-latest-acquisition
Yes - check with HL what forms you need to fill in and return - worst case scenario is that your broker may not allow trades on the NYSE, which means you may have to transfer them to another broker. I'm sending mine off today in case there's any unforeseen issues. Cheers Spud
Have contacted Halifax and dealing on NYSE through them simply requires a Suscriber Form which can be done on phone or on paper. Can't deal on TSX through Halifax though and would have to transfer holding to another broker (cost £25)
One of our existing shareholders (Sandstorm - listed in New York and Canada) have made an offer that effectively represents a takeover of Mariana. They are offering MARL holders 28.75p for each MARL share held, plus Sandstorm shares at an approximate ratio of 1 Sandstorm share for every 4 MARL shares. This proposal will be subject to a vote at some point in the near future. No date has yet been set, but the timetable for the vote and other key dates will be outlined soon. The Mariana board are recommending the deal. That doesn't mean it is certain to be accepted, and a competing offer could be made in the meantime... Sandstorm intend to float Mariana's exploration assets (Ergama, Cote d'Ivoire and Argentina) into another company, whilst eventually seeking a buyer for MARL's 30% of HM. A buyer would only be sought once the project was sufficiently far developed for "fair value" to have been established for Sandstorm, so presumably this will not be happening until next year. In the meantime, Glen and Eric will become Sandstorm directors, and will presumably remain fairly "hands on" with the Mariana assets. Once HM is sold by Sandstorm, the buyer will take on the development of a mine with Lydia in toe. The two of them take 100% risk for the project, and put in all of the cash. In return, Sandstorm get money up front plus royalties on the gold produced. This is 100% Sandstorm's MO - they commit funds at various stages of project lifecycles with the eventual objective of getting royalty streams from the the gold that someone else digs out of the ground. The frustration here is that the combined value of the cash and Sandstorm shares offered to MARL holders is in the region of £1.10 per MARL share, while it had been widely considered a realistic target for MARL shares to be eventually worth double that. The question everyone is now trying to answer is whether - by holding onto Sandstorm shares post-aquisition - will MARL holders see the future benefit of HM as it is developed, sold on, and eventually becomes revenue generating via the royalty stream? Answers on a postcard...