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One more trade 7 minutes before cosing - 500 shares @ $1.1694, up 0.0194,.1.69% and the high for the day. SAND trading fast and furious toward the close. Most trades were between $3.34 and $3.35. Last two trades of the day were at $3.36, down .07 cents, -2.04%, on 2,559,655 shares. Next to last trade was for over 220,000 shares.
After opening in the $1.15-1.16 area, there was a 5,000 share trade for $1.13 about 1:15 pm EDT. No trades since then, sitting on an extremely low 23,542 shares traded with about an hour until closing.
No offense ludeck, but I wish there was a way to give you a "demerit" for that 19:37 reply, lol
For arguments sake, lets say the 2.50 was a lofty but unattainable short-term goal, but certainly 1.50 is realistic for the PFS release, and that's a lot better than 1.10
Ooops - paragraph 18.2 obviously
18.2 Confidentiality Agreement On 28 March 2017, Sandstorm and Mariana entered into a confidentiality agreement in relation to the Combination, pursuant to which, amongst other things, Sandstorm undertook, subject to certain exceptions, to keep information relating to Mariana confidential and not to disclose it to third parties. A month for those in the know to affect the share price. And, I wonder, what were the "exceptions"?
My thoughts too, itsyou. SAND is a streamer/royalty company and can offer Lydia (or any other bidder) a nice offer in return for a stream/royalty. Per the SA article today, Sandstorm has made a bold move to reap big rewards for big risks. They had upgraded their due diligence department, so they must have gone through all the possible scenarios going into this offer. Now they'll have to see if they can get the necessary 75%. If not, they must have already considered whether or not they will go to plan B - the 50% +1 buyout offer (if I have that correct), or perhaps a plan C?
Combination of the decline in the share price of Sandstorm and the uncertainty of the deal going through.
SAND up .04 cents at $3.48 MRLDF down .01 cent at $1.15
This from Feb 2017. Guess I wasn't here when he came aboard and I didn't realise he was previously involved in "mergers and aquisitions." http://www.weare121.com/121mininginvestment-cape-town/mariana-resources-management-interview/
Closed at $1.16 on 104,090 shares. SAND closed down .04 cents, 1.15%, at $3.44 on 3,076,245 shares.
With a little under 2 hours 'til closing currently at $1.16, down .01 cents, 0.85%, on 87,090 shares. Bid $1.14, Offer $1.15
Ergama might be "thrown in" with the HM sale with a stream from both, especially if Lydia is the main focus of the sale.
Looks like GP would certainly be getting HIS "fair value" - MISSION ACCOMPLI.SHED
Just makes me want to throw-up!
Good point. Relatively small amount of shares in expected YES vote - don't know which side (yes/no) has been accumulating more shares lately. From the Marian website on significant holders: http://www.marianaresources.com/capital-structures
Most who are supporting this are those interested in the quick profit or getting jobs (GP & ER), not those who are outraged by this blatent ripoff.
Lots of money for everyone except the "you lot" shareholders.. http://www.wfw.com/media-centre/news/wfw-advises-mariana-resources-on-166-85m-combination-with-sandstorm-gold/
If you haven't had a chance to see young CEO Nolan Watson of Sandstorm, this is a really good video of him being interviewed in Feb 2017. Quite a contrast with GP https://www.youtube.com/watch?v=thnFF68Dj3w&feature=youtu.be&list=PLD11vRr6Z2p2i4_zP52Fcs0mpaPwMQNHS
Wished the interviewer had pressed GP on latest drill results and why not wait until after the PFS comes out by year end to see what offers come in. Sprott holds the key to this going through or not. Wonder what's going on behind those curtains - more deal making no doubt.