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Agreed, RNS states: "Based on the closing price of US$4.04 per Sandstorm Share on NYSE MKT and a currency exchange rate of £0.7788 per US$, on 25 April 2017 " Suggests we get NYSE listed shares
Cheers. Does that mean those of us not already invested in US stocks will have to fill in some forms, etc? I'm with HL at the moment if that helps. What's the recommendation here? I messed up with SOLG, bought in at 11p years ago, held through the rocky patch and then sold when it was around 20p so I'm looking to avoid that mistake again!
looks like a complete manipulation with Sandstorm probably selling to Alacer (lidya's favoured mining partner) for at least as much as they paid for it and getting free extra smelting rights for their troubles.
'Significant & attractive' - Certainly not to me!
Hi Ludeck, Like you trying to chew over the meat on the bones of the deal - my initial thoughts are that it could & probably should have been better a little better. It does feel that GP and co have looked at their interests above & beyond of that of the PI - BUT that being said, most AIM companies are the same (barring the odd exception - FM!?!) - the reality is, the company has been made on offer, all of us long termers are in profit which I would have thought we would have, at least, one bagged on...some more than others I'm sure....We can't control the markets and there is currently a 20% deduction to where we should actually be..perhaps the markets simply need to digest the info, perhaps they are looking to see how this is received by our cousins over the pond?? Who knows..what I do know, I certainly won't be selling any below £1 - having done my "back of a fag packet" calculations (including haveing looked at how SAND share price has performed over the last year) - IMO, there is excellent upside potential... Need to get back to work but look forward to catching up with a few of the older heads here later... DYOR etc etc
No offence intended danmoz - I was making light of the current situation! Basically we've had a partial cash/equity buyout offer by Sandstorm, valuing us around about the 109p/110p mark. The offer is likely to go through as everyone and has cat has agreed to it (except us PIs obviously). Unless we get a better offer in the interim period, all of us still here will probably be trading our Sandstorm shares on the New York Stock Exchange rather than AIM. In the big boys league!
As I am sure all LT MARL holders have, I have been mulling over the Sandstorm proposition all morning and will come back here with my thoughts once they're something approaching coherent. For now though, my first thought when I saw the news this morning was what will Glen be doing and saying during his London visit next month? As many posters have already speculated, today's announcement has the feeling of something that has been brewing for some time. While applications to appear as a presenter at the 1-2-1 Mining Investment event will also have needed to go in many weeks if not months ago, I can't help feeling that Glen must have known that Sandstorm's offer was coming before he decided to attend. http://www.weare121.com/121mininginvestment-london/ What does that tell us? Glen is appearing at an event, the purpose of which is to attract institutional investment into mining projects. Hmmm...
Dumped at 88p disapointed because i thought we we were a 150-160p stock minimum but a 400%its a 400%
Thanks Skibba, that's what I thought but got a little confused reading through all the posts as a lot of people refer to Sandstorm as SSL.
Well explain it to me like I'm an idiot spud!
closes higher than that....have, unfortunately, been spkied before on MARL...GL OF :-))
@ Hooligan - my understanding is that it will be NYSE. My assumption is based on the RNS and the fact all indicators point to NYSE as opposed to TSX - until we know the finer details of the deal we're still a little in the dark...but on first glance it would appear to be NYSE... DYOR etc etc
From the following http://www.sandstormgold.com/ Commenting on today's announcement, Nolan Watson, President and Chief Executive Officer of Sandstorm said: "We believe that Hot Maden is a unique asset with a robust cash flow profile and will be an anchor gold stream asset that has the potential to more than double Sandstorm's attributable gold equivalent production once in full operation. We are confident in Lidya as the operating partner at Hot Maden and we look forward to watching the project advance towards production and the mineralization expand through continued exploration. Hopefully we will see a counter offer. We have certainly now achieved market exposure. We have raised the share price and if there is no interest in this merger then we wont end up out of pocket. They will just be a bit lighter than had hopped. Remember the webcast later this afternoon http://ow.ly/CDou30bafh0 Goodluck all Frits
Although to be fair he sold out of mariana !
Hi all, excuse my ignorance, I have been invested in MARL for a couple of years but still don't consider myself an experienced investor (although currently averaging at 47p for these shares :)) Anyway, this may be a very stupid question but do we get SSL Shares (Traded on TSX) or SAND Shares (Traded on NYSE). Question relates as to whether I will be able to trade my Sandstorm share through my Halifax Account (which I understand can trade NYSE but not TSX Shares) Any advice greatly appreciated
erm... you've been shafted.. but in the nicest way possible :)
Someone want to update me on what's going on, in layman's terms, thanks
Agree. Look back at this article from Taylor Dart who valued this back in January at... "The fair value of Mariana's project is $268 million dollars, or a share price of $2.17 (US)." https://seekingalpha.com/article/4034032-monster-drill-results-make-junior-must
Well I must admit to being a little disappointed. I consider the value of Mariana on takeover to be over $200mill based on news nearly a year ago. Everything that has built up to the PFS has added value (how much we can only guess) but I would think $250mill is not unrealistic. Having been in this share since before Condor I now find myself wondering what to do next. I think this share is worth a minimum of £2
You would hope that if the market see's this as a lowball offer, so will another company. They will at least pick up a phone and show some interest. If any big miners are reading this, I'll help you out. Call +61 2 8437 4588 Ask for Glenn (who may have stopped calculating his split by now).
No deals bids & ask prices being shown on any shares ... what am I paying for?
Thanks. I wander what more news they have to legally reveal before we can vote on this offer? I'm a newbie to shares but surely we should get an updated RNS before we vote?
Roadend what is your understanding of the scheme record date..if as you say are a buyer do you still qualify for the cash and shares offer or are you just trying to trade those purchases made today..thanks
There are no permits required AFAIK. Drilling was supposed to have started with the new (third) rig in Q2. As I said, I see no reason why there would be a drill left idle so I am expecting drilling to have started this month.