The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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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?
Thanks Fulmar, Good to see there is a vestige of interest on this board still. The sale of Mariana and subsequent rise in the SP of Sandstorm turned my overall investments from a serious loss into a 20% gain for which I am somewhat grateful.. Strategy is to now hold Sand until 2021/22 as I too believe that they will double output there is more turmoil to come on the World stage. I've been here 4 years, whats another 4!? GLA!
not a fast buck but I still believe SSL will double and more by the time the HM effect happens-this snippet seems to bear this out. Michael Murphy, New World Investor Most likely, gold needs one more retracement before a third -- and successful -- attempt to break $1,356 and reignite the gold bull market. Vancouver-based Sandstorm Gold (SAND) provides financing for precious metal mining companies. Known as a royalty streaming company, Sandstorm earns a percentage of gold product in exchange for upfront financing. The stock sold off 10% after its latest earnings report, booked $15.4 million in revenues, had $9.9 million in operating cash flow, and reported break-even earnings per share. There were a number of one-time credits and charges. They repeated their forecast for 50,000 to 60,000 ounces of gold equivalent production in 2018, growing to 125,000 ounces in 2022. I think investors over-reacted to the one-time issues like foreign exchange fluctuations and non-cash impairment charges. They also don't like the share dilution that is necessary because SAND is in a rapid growth phase. On the conference call, management pointed out that 2017 was a record year for both total attributable gold equivalent ounces sold (over 54,000 ounces) and revenues (over $68 million). They acquired another 39 royalties, bringing the total to 174 streams and royalties. The most recent acquisition is a 2% net smelter royalty on Endeavour's Hounde mine in Burkina Faso. This royalty was purchased for $45 million and based on Endeavour's guidance, Sandstorm's 2% of revenue should be about $6 million in 2018. Because they paid for the acquisition with a combination of $10 million in cash on hand and $35 million from the revolving debt facility, the acquisition will be materially accretive to cash flow per share because they didn't issue any shares to do the acquisition. As for the debt, because of the sale of Equinox securities as well as strong cash flow so far this year, they already repaid the debt down to $7.5 million and expect it to be paid to zero and start rebuilding their cash position by next quarter. In only a couple of months, the new $150 million revolving debt facility will be totally undrawn and can be used for future acquisitions. This is the kind of management we want shepherding our investment! CEO Nolan Watson said: "I really do believe that for the first time in nearly a decade, we're in a win-win situation for gold. Yes, there will be lots of volatility, including volatility in the gold price, but with a strong balance sheet and low fixed operating costs, we're in a position to profit from that volatility instead of being afraid of it." They expect to start paying dividends in 2019. Sandstorm Gold is one of the very best ways to get leveraged exposure to precious metals. I urge you to take advantage of the post-earnings weakness to build a position. George Putnam, The Turnaround Letter
you also believe in the tooth fairy.But thanks for the info.Spud.
D220-I'm not beating myself up at all ,I am just very disappointed I was taken in by him.Looking at his most recent presentation there is something not quite right so perhaps he has realized the market has "found him out".I have no problem with the eventual outcome as luckily I made enough to retire on,albeit in SSL shares which I am keeping most of as I see them more than doubling within 30mths .Marl was part of a high risk strategy for me,which luckily worked out well and I have now used some of the profit to hopefully do similar elsewhere The whole episode has taught me a lesson re CEOs. GLA
f29 - dont beat yourself up over it. Time to let go of what MARL might have been under different (better) management. SAND forms a smaller part of my portfolio than MARL did but I reckon it is a safe investment for the next few years, even if not spectacular.....
Indeed - GP "a selfish cock" who sold out way too early to feather his own nest !
https://ceo.ca/@newswire/sandstorm-gold-provides-asset-updates but where would marl be after a sale of Arg !!!!!!!!!!!!