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Sandstorm Gold (SAND), newly listed on the NYSE today, may warrant more attention than the...

Sandstorm Gold (SAND), newly listed on the NYSE today, may warrant more attention than the typical junior miner making the jump up. President and CEO Nolan Watson had been CFO of Silver Wheaton (SLW), where he “helped raise over $1B in debt and equity to fund Silver Wheaton’s growth to a $5B market capitalization in less than five years.”
Comments (14)
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    Sandstorm Gold is not a junior miner. It should be classified as a royalty company.
    20 Aug 2012, 01:34 PM Reply Like
  • darty90274
    , contributor
    Comment (1) | Send Message
     
    a royalty company? meaning......
    20 Aug 2012, 03:02 PM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    They take on none of the exploration and production risk and pay for a set percentage of the production to resell at a higher price.
    20 Aug 2012, 03:32 PM Reply Like
  • fortylove
    , contributor
    Comments (18) | Send Message
     
    Let's hope Mr.. Watson can lead this gold royalty company to the same success as his results with the silver one, SLW. I go in with a decent number of shares pre-reverse split in anticipation of this NYSE listing. Not sorry yet!!
    20 Aug 2012, 03:01 PM Reply Like
  • waterlookid
    , contributor
    Comments (2) | Send Message
     
    What was trhe ration of the reverse split? I guess there ris a $5.00 limit on NYSE listintgs.....anyone know?

     

    A stockholder....
    20 Aug 2012, 03:05 PM Reply Like
  • fortylove
    , contributor
    Comments (18) | Send Message
     
    Reverse split was approximately 1 for 3
    20 Aug 2012, 03:09 PM Reply Like
  • jklk0429
    , contributor
    Comments (172) | Send Message
     
    What is the ticker?
    20 Aug 2012, 03:12 PM Reply Like
  • hmlam88
    , contributor
    Comments (10) | Send Message
     
    SAND
    20 Aug 2012, 05:21 PM Reply Like
  • jklk0429
    , contributor
    Comments (172) | Send Message
     
    Thanks, was not showing up on Morningstar when I posted above.
    20 Aug 2012, 05:49 PM Reply Like
  • fortylove
    , contributor
    Comments (18) | Send Message
     
    See main article for ticker symbol.
    20 Aug 2012, 03:14 PM Reply Like
  • fortylove
    , contributor
    Comments (18) | Send Message
     
    Beg your parden: Reverse split was 1 for 5. Forgot I purchased more on day of split.
    20 Aug 2012, 03:22 PM Reply Like
  • 68osb68
    , contributor
    Comments (109) | Send Message
     
    The old symbol was SNDXF. The new symbol is SAND. Essentially they lend money to gold miners in return for a piece of the of the stream of mined gold.
    20 Aug 2012, 03:36 PM Reply Like
  • Jan H. Lessner
    , contributor
    Comments (754) | Send Message
     
    An interesting stock and maybe the right stock but I think the wrong time to go long. If there comes a hot autumn with pressure on the gold price the broad move will drag down SAND too.
    20 Aug 2012, 06:05 PM Reply Like
  • slwsmithy
    , contributor
    Comments (2) | Send Message
     
    Nobody can know what's going to happen in the short term. Long-term, Nolan Watson is certainly going to continue to add more deals with mines to SAND's portfolio as in SLW. I'm betting my shares (bought before the 1:5 reverse split) that the results over a period of years will be appreciation.
    21 Aug 2012, 03:57 PM Reply Like
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