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Down 29 cents at about 5 am EDT. Seems co buying price goes down. Boughtout co price goes up, so we should see a good rise for Mariana on the TSX
Spot on DD!
stands @£626m so taking on assets of Marl with HM profit forecast (PEA @ pres of) £336 and easily going to double that is definitely going to shift the Sandstorm price,and or create a bidding war.
Blimey DaisyDog - it's like you were in the room! haha!
Hi , it's Paul of Sandstorm here. We've been running the numbers on your HMproject. We like it. We would like to buy it in fact , but we're keen on a kinda lowball offer. So guys, we think you should consider announcing incentives relating to director remuneration if a sale is made. You need to come out with something for yourselves. Then, we'd appreciate you not publicising data showing what a great asset this is as we don't want loads of others sniffing around. Keep the AISC and further drilling under wraps for example. Wait a few weeks whilst we watch the SP drift on a lack of news. And of course announcing our bid the week after your RNS about director remuneration would be a bit obvious!! Then recommend our bid. We're all happy. Except the shareholders, but who gives a monkeys about them.
The ************** is set at .2573, but obviously if SAND increases in price over the next weeks we wind up with a greater value
to see the effect on the Sandstorm price later.If it jumps,then tha'ts an immediate increase in the offer ?
Drusus - if your still around this days ? I wish you all the very best - Jammy Dodger ?
Does anybody know if you can trade on the NYSE with Interactive Investor?
Thank you Ludeck. I'll get on to that. I opened a Hargreaves account after another of my mining stocks ORSU, ceased trading on AIM. Transferred it over to them for a £25 fee and carried happily on. It was the right thing to do....but folks who can't trade on TSX need to act now ...unless together are happy to sell pre takeover (which I'm not!). Some folks get nervous about a different platform and TSX but it was easy. Miss G 🍾💃🍾💃🍾💃😉
Malbrad - can I ask why you have sold a third this morning? Are you looking to trade or is there another reason? Surely the offer of 109p is considerably more than what you have sold at?
Thanks, MissG Cordially Lionel
MisterPositive: can you perhaps explain more why you are quite so upbeat? SANDSTORM has a portfolio of 155 streams and royalties, of which Hot Maven/Mariana will be just one. Even so, their SP has drifted down from around 8-10$ 5 years ago, to around 4$ today. I see no reason at all for much optimism. HM will still be only a relatively minor contribution to their future income stream. What have I missed? Cordially Lionel
I am not happy about the deal. Given their seat on the Mariana Board Sandstorm have full access to inside information. Parsons et al will do well financially but can correctly point out that the deal was negotiated by others and approved by the independent directors. The obvious question is whether Sandstorm have already agreed the key features of a royalty arrangement with Lidya and if so is it fully reflected in the offer. Put another way could Mariana have got the same deal with Lidya . Alternatively, is investing in Turkey considered such a suspect proposition that nobody else is likely to bid despite the low cost of production . With some considerable reluctance and annoyance I have sold a third of my shares in Mariana this morning . I await with interest what happens when the TSX opens and whether a hostile bid emerges in the next few days ( unfortunately I somehow doubt it). It will also be interesting to see how the TSX responds to any new information that emerges during this afternoons 'phone in.
Don't know what to think about the RNS... I've not taken it in as yet and don't fully understand it... holding around 250,000 now......... ludeck can you give me some advice please if you can...
great research fulmar, very helpful
Hi Lionel... I'm not disappointed here....but I didn't over set my expectations.... learnt not to get too carried away on AIM. I've also learnt to try and take stock of lots of views and not react too quickly to news. There is a lot if reading in that RNS and potentially a bright future for our shareholding. I suspect I will hedge my bets. WRES is a tight pain...but holding tight and will be averaging down there soon....I did so before at this price and strategy worked well. It's frustrating for sure, but time and patience brings its rewards.... another lesson from both MARL and of course SOLG. Miss G 💃🍾🍾🍾
I see this as a great deal for Mariana shareholders. * Releases them of the future working capital commitment at Hot Maden once fully taken over by SANDSTORM. * Huge upside in Sandstorm share price for Mariana shareholders. * Plus the combined company will have more muscle in moving forward with Mariana's Argentina prized assets also. Win win for both companies in my opinion. * Future Royalty & Dividend Income (Pension fund managers love this kind of investment) Conference call later today...
we already appear on their website,so they prepped the site at least yesterday with no leak,This will also have probably had to have been sanctioned by Lidya and no leak there either I agree with those here who say HM Erg et all will now develop it's value together with the spin off.company but the value to Marl shareholders is going to be massively diluted .The upside is that Sandstorm have been on a share "buy back" which will increase the sp and even more as news develops.Or is it all a ploy to make a Major(s) In The Wings show their hand(s). Extremely frustrated/In profit /and intrigued all at the same time.
@MissG - indeed, if the resolution is passed, then a date for the "takeover" (I use that word loosely) will be set. On that date, your MARL shares will disappear, and you will have cash plus some sparkly new Sandstorm shares in your portfolio. If you cannot trade on overseas stock, I don't know what would happen if you did nothing, but I would guess the SS shares would show in your Halifax portfolio anyway but would be untradeable. Obviously moving over to HL now makes sense. Congratulations on your profit.
MissG: I guess the deafening silence tells you something... may be only that we have no idea. I believe we get that cash handout, 28p per share, and four MARL shares are swapped for 1 SANDSTORM (approximately). Then SANDSTORM spins off an exploration company where we can all get shafted again. Still in WRES, BTW, that's another disappointing holding, non? Cordially Lionel
Thanks. Looks like those holding will make a few quid now. Good luck to you all.
@****king: yes, 10 for 1 on 1 July 2016 Cordially Lionel
Sandstorm will do a better job publicising HM and increasing shareholder value. Future still looks bright, just not a great deal at this price for shareholders now
I was in here many moons ago around 3p if I remember, but sold a few years back. Was there a consolidation at some point? Can't see anything in the rns feeds. Thanks.