Member Info for kelsbells

Nearly a week down the line from the proposed deal my thinking is changing slightly. Whilst I still believe the deal is a poor one for a once in a lifetime asset, and I will still vote no to the proposal I'm more relaxed about how this will play out. I'm in a fortunate position that my 200k shares are at an average below the cash offer so the sandstorm shares will be a free ride for me. And having done some research on them over the weekend I'm more confident that they're a strong respected business, and if this deal does go through I'm sure I'll get to my £1.50 marl target in a year by sand shares getting up towards $6. Still hopeful of a counter offer though.

Whatever you think of Taylor dart we clearly have moved on to way way above 4m oz from the drill results we've had in since last July

Previous to the last drill results Taylor Dart believed that we were already over 5m indicated oz's

Really good find gaz listen from 11mins to about 19 mins all about marl and sand. Brent and Joe seem to believe it's a good deal all round and have sold a decent % of their holding on the news.

Tomyra is correct in the assertion that any dividends paid from US will be taxed at 30% before they arrive in an isa account or any account unless you fill in W-8BEN form then the reduce to 15%. Hargreaves have these forms on the website it's pretty simple. The main thing is no tax applies when you sell your US shares irrespective of size of profits

Lionel I think fulmar was referring to the same Rick rule video, I thought there was some subtle references to his potential feelings from about 6 mins 40secs in when he spoke about junior miners post pea stage. Samewise not sure if there is a legal responsibility around up to date resource estimate but agree it's definitely not transparent HM resource estimate is probably over 5moz and npv may now be around $2bn

Opening 4% down again ..ouch !

It just means that as we're in a bid situation they have to inform the potential purchaser of their 1% + position

It says they've taken a long position in marl of 1.3m shares at 93p. If man group believe 93p is a great entry price then that is great news !

Man group are huge players about as big a hedge fund as you can get

Fulmar according to gixxers email yesterday they have their own shareholding apparently 8% and then have 20% as the largest fiduciary holder. The 100's of clients who hold marl through sprotts fiduciary service would be influenced by Sprott's advice. I feel it's become clearer that sprott were approached about the deal were asked to sign up to the irrevocable agreement and probably said something like you know what that's an ok deal for marl a very nice deal for sandstorm but we feel other things may develop once you announce this proposal, so good luck but we're just going to sit and watch for a while.

It's going to be really interesting to see (as sprott suggest) if any alternatives to the deal present themselves after the bank holiday. One thing is becoming clearer is that sprott are the king makers here, through their own shareholding and as the largest fiduciary holder they have influence on over 25% of the marl shares and therefore pretty much have control on what happens moving forward.

Yes that really is good news coming through from Sprott , they know sandstorm have got a steal and seem to be aware that other options are coming over the hill. As others have said looks like more twists and turns to come !

http://host.madison.com/business/investment/markets-and-stocks/here-s-why-sandstorm-gold-ltd-stock-lost-its-luster/article_a2eb66a3-70c3-55a4-9245-40bfbe3adc04.html

Lionel we know it's a great great deal for sand shareholders long term but nobody likes to wake up to 19% dilution and they are currently voting with their feet by hitting the sell button. It's psychological but if their share price had rocketed up 15% today i/we would be feeling a lot better about having sand shares thrust on us in the future. Every day from now to the vote people will look at sand share price and work out in reality where the value of the deal stands. currently just over a £1 ..hard sell all round at that level

They were both nervous, in that that they know this is going to be s tough sell to both sets of shareholders . Long way to go on this yet I feel !

I own 0.16 of the company and the deal won't be getting my vote (they must be quaking in their boots !!!)

Not sure Lionel but fairly convinced that others will be tempted to come in over the next week. Sand and marl will definitely struggle to get this through with shareholders if sand share price is way below $4.04 fixed price they've set the deal at

Sand offer worth 99p as it stands right now. Their shareholders are currently voting with their feet, and will possibly vote it down

28.7p cash and a lot less by the minute of sand equity! I'm going to say it now this deal won't happen as presented this morning