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Sandstorm partner pulling out of Serra Pelada project, shares halted

  • Sandstorm Gold (SAND +0.9%) says partner Colossus Minerals (COLUF) is pulling out of underground development at the Serra Pelada mine in Brazil to reduce ongoing costs.
  • SAND says it will need additional funding in order to proceed with the project, and will review its investment for a partial or full impairment as there can be no assurance that adequate funding will be available for Colossus in the future.
  • Trading remains halted.
Comments (3)
  • DeepValueLover
    , contributor
    Comments (7813) | Send Message
     
    Looks like it could be a good opportunity to get in under $2.
    6 Dec 2013, 12:51 PM Reply Like
  • MichaelJ8
    , contributor
    Comments (578) | Send Message
     
    2 for sand? or under 2 cents for coluf?....
    6 Dec 2013, 05:24 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (7813) | Send Message
     
    (SAND) ;)
    6 Dec 2013, 05:55 PM Reply Like
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