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Hey SGD27 - is there any SAND bulletin boards you frequent? Cheers Spud
Sorry, I should have said 'stream' not 'royalty'.
Presentation:
https://www.sandstormgold.com/_resources/presentations/Sandstorm-Q4-Results-Presentation.pdf
HM now converted to royalty. Video:
https://www.youtube.com/watch?v=Y4xYrdDrdZQ
Yup still here intermittently! Nice one on the approval - what we need is SAND to start performing. Looks like they may try to convert HM to a stream this year as their SP is being held back by USA investors being rather overcautious. If this happens, expect a rather large jump!
Anyone still here? HM finally got EIA approval!
https://www.sandstormgold.com/news/news-releases/sandstorm-gold-royalties-announces-hod-maden-project-eia-approval
https://www.kitco.com/news/video/show/Denver-Gold-Forum-2019/2561/2019-09-30/Why-gold-will-hit-$2000-within-two-years-according-to-Nolan-Watson#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DDenver-Gold-Forum-2019
Started: Terrafin, 19 Jul 2019 10:10
Last post: Terrafin, 19 Jul 2019 10:10
Wow - this is going well now - Sandstorm rerating and Hot Maden not even registering on their books yet - looks like a slight delay in Turkey but things are starting to look good here !
https://www.youtube.com/watch?v=V-LUQr9jcQ0
Started: SGD27, 23 May 2019 12:47
Last post: SGD27, 23 May 2019 12:47
https://www.kitco.com/news/video/show/Hard-Asset-Conference-2019/2411/2019-05-22/Investors-Start-With-Royalty-Companies-Says-Expert
Positive comments about Nolan near the beginning.
Started: SGD27, 24 Apr 2019 12:03
Last post: SGD27, 24 Apr 2019 12:03
Started: spudulika, 3 Apr 2019 17:08
Last post: spudulika, 3 Apr 2019 17:10
Can anyone think of a reason for the recent trend downwards in Sandstorm?
Started: Terrafin, 30 Jan 2019 14:00
Last post: fulmar29, 20 Mar 2019 10:36
P.S. D220 David cat on twitter, who you may remember from Marl suggested looking @ JAN
Started: Terrafin, 19 Feb 2019 16:10
Last post: Terrafin, 19 Feb 2019 16:10
Fourth Quarter 2018 And Annual Results out tonight - looks like they are going to be very good looking at the early rise today - happy to have kept the faith here :)
Started: SGD27, 24 Jan 2019 15:12
Last post: SGD27, 24 Jan 2019 15:12
Last post: spudulika, 3 Jan 2019 09:36
Yes D220 - very happy with leaving the investment in SAND, and the only way is up. What a cash generating company wow! I can see at least another 50% rise over the next 2 years so might as well leave it in to accumulate. A disaster with the greenback will only bolster this too.
I'm being a bit contrarian at the moment with investments in OEX and PFP. Both in the doldrums awaiting news which should multibag them... but who knows when that news will come! I'll have a look at NRG, cheers for the tip.
ATB and a Happy New Year :)
Spud - at least SAND is going the right way now - up from $3.50USD to over $4.50 in the last month!
The only other gold exposure I have atm is NRG (worth a look as massively undervalued - I know, they all are!) as I sold CORA just before the latest placing.
Merry Christmas ex MARLers!
Me neither - nothing since July 2018 https://www.sandstormgold.com/our-royalties/hod-maden/.
Perhaps its gone from PFS to DFS stage... but this hasn't been confirmed.
I haven't checked this board for ages - looks like no one else has either! I am struggling to find up to date info on Hot Maden under Sandstorm. Or Hod Maden as it seems to be called now???
Started: spudulika, 21 Aug 2018 18:07
Last post: SGD27, 22 Aug 2018 16:58
Well, Hargreaves Lansdown will let me do a dummy buy of SSL shares (i.e. on the Canadian exchange). But of course that doesn't prove it would have gone through if I'd pressed 'Accept'. (Sorry, not wasting the fee to find out!) Sounds like you know a lot more about the regulations than I do, so I don't think I can help further. ATB.
I'm assuming it is either exchange, as it is UK regulations (as long as the broker is applying them) that is preventing us from buying them as it seems Sandstorm can't be bothered to filing the correct KID paperwork. I find this a bit odd as I've done a bit of research and think its only ETF's and suchlike that come under then PRIIP regs?
Is that on the US or Canadian exchange?
If I remember, I'll try a dummy buy with HL later (when the Canadian exchange opens).
As an EU investor you can't buy SANDSTORM shares now because they haven't complied with PRIIP and issued a KID to investors?
This is from Halifax where I have just tried to up my holding. Very frustrating - you can hold and sell, just not buy any more. I would be interested to hear other people's opinions/experiences.
Annoying!!!
Started: SGD27, 13 Aug 2018 13:52
Last post: SGD27, 13 Aug 2018 13:52
Wonder how the MARL SP would have been faring today?! cf AAU plummeting.
Waiting for NA markets to open to see what effect if any it has on SSL. Maybe not too much, as it already seemed to be discounted for Turkey risk.
Started: Terrafin, 27 Jun 2018 08:38
Last post: fulmar29, 6 Jul 2018 09:12
sandstormonly being priced on cash through the door.it will lift next year and gradually until HM production.Quite a safe share with LT growth promise which is why I stuck with it
The more I look at the PFS figures, the more I realise how cheaply Mariana let this go.....
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/823-tsx/ssl/49024-exclusive-interview-sandstorm-gold-royalties-president-and-ceo-nolan-watson-discusses-hod-maden-pre-feasibility-study.html
I really cant understand why this hasnt turbocharged the Sandstorm SP.
—PRE-FEASIBILITY STUDY HIGHLIGHTS
Economics
Pre-tax NPV (5% discount rate) of $1.4 billion and an internal rate of return ("IRR") of 60%
Post-tax NPV (5% discount rate) of $1.1 billion and an IRR of 50%
All-in sustaining costs are estimated to be $374 per ounce on a co-product basis1
Upfront capital cost of $272 million
Reserves
Proven and Probable Mineral Reserves of 2.61 million ounces of gold and 129,000 tonnes of copper
Production
Mine life of 11 years with average annual mill throughput of 900,000 tonnes
Annual average production of approximately 266,000 gold equivalent ("AuEq") ounces
Average head grade of 11.9 grams per tonne ("g/t") AuEq
Started: fulmar29, 27 Jun 2018 08:59
Last post: fulmar29, 27 Jun 2018 08:59
we sold with (a 30% ) PEA @1.2moz PFS now @3moz with more to follow and Nolan says $30m total contribution
Started: Terrafin, 27 Jun 2018 08:34
Last post: Terrafin, 27 Jun 2018 08:34
PFS has been released :)
Started: fulmar29, 20 Apr 2018 19:29
Last post: spudulika, 13 Jun 2018 17:58
...and that is only a couple of weeks away. Watching for the upcoming SP action. We could do with a dividend announcement too...whoosh!
April 17th presentation "We are very very close to getting the PFS out........PFS is out shortly." And on the presentation timeline it shows PFS as being done by end of Q2......
April 17th presentation "We are very very close to getting the PFS out........PFS is out shortly." And on the presentation timeline it shows PFS as being done by end of Q2......
Where is the PFS???
Cheers f29, made good listening. Very upbeat, especially re Hot Maden. PFS very soon by the sounds of it....
Started: spudulika, 15 May 2018 17:06
Last post: spudulika, 15 May 2018 17:06
Started: spudulika, 11 Apr 2018 11:55
Last post: D220, 11 Apr 2018 17:52
Investors running for the cover of gold today with Trump on the warpath...? SAND up nearly 2.5% so far. It would be nice to be convincinglyy above 5 USD.
Institutional investors seem to be giving Sand storm the nod: https://www.americanbankingnews.com/2018/04/11/sandstorm-gold-sand-sees-large-decline-in-short-interest.html
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.
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.....
Last post: spudulika, 20 Mar 2018 10:33
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
Started: spudulika, 8 Mar 2018 12:09
Last post: fulmar29, 11 Mar 2018 09:20
you also believe in the tooth fairy.But thanks for the info.Spud.
Started: fulmar29, 27 Feb 2018 10:20
Last post: fulmar29, 7 Mar 2018 08:17
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 !!!!!!!!!!!!
Started: Terrafin, 24 Jan 2018 16:09
Last post: Terrafin, 15 Feb 2018 13:30
One of the Canadian BB suggesting ( a rumour) that SAND will start giving dividends shortly which has created the extra lift.... pre open looking good this morning for SAND - lets hope it grows to new levels ...
Looks like there is expectation of strong 4th Qtr and Annual Results tomorrow... Up 5% today so far.... http://crweworld.com/article/news-provided-by-pr-newswire/228395/sandstorm-gold-to-release-fourth-quarter-and-annual-results-on-february-15
Yup
Happy days - looks like SAND is starting a re rate :'-) Anyone else still in here and making money .....
Started: fulmar29, 20 Jan 2018 12:52
Last post: fulmar29, 20 Jan 2018 12:52
Canaccord raises price target to C$10.50 https://www.americanbankingnews.com/2018/01/19/sandstorm-gold-ssl-pt-raised-to-c10-50-at-canaccord-genuity.html Read more at http://www.stockhouse.com/companies/bullboard#1uVtkqiift1zBkaY.99 courtesy of "Lumpy"