RE: N43-1019 Apr 2018 08:52
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."