Sandstorm Metals & Energy Diskussionsforum - 500 Beiträge pro Seite

[rightangle]

was tut sich bei Sandstorm Metals & Energy, simd die Aussichten gut für gute Fortschritte wie diese bei Sandstorm Gold in 2011 waren?

[shamane]

das würde mich auch mal interessieren. Kurs ist ja ziemlich nach unten gegangen. wie wird es weitergehen? kennt sich hier jemand mit dem unternehmen aus?

[MONSIEURCB]

Ist dieser thread noch aktiv???
Dann sollten wir ihn schleunigst neu beleben ...
wer ist investiert?

[MONSIEURCB]

DIESER Artikel ...

http://www.bloomberg.com/news/2012-10-29/sandstorm-bets-on-b…

.. dürfte den Kurs weiter beflügeln ...
und auch die Website inspiriert:

http://sandstormmetalsandenergy.com/home/

[MONSIEURCB]

In CA heute über 3 Mio. Umsatz und +3% ... die PR funzt gewaltig ... ;-)

[MONSIEURCB]

.. und heute schon wieder +10% in CA, mit 2 Mio. Umsatz ... das Geschäftsmodell scheint EINDEUTIG auf Interesse zu stoßen!

[MONSIEURCB]

..und wenn D A S nicht gut aussieht ... ?

http://www.barchart.com/opinions/stocks/SND.VN

[sheriffxl]

Respekt,in 2 Monaten 100% ist nicht von schlechten Eltern.Seit ein paar Wochen warte ich,dass mal ein Rücksetzer kommt um einzusteigen,aber ich glaub,da warte ich noch lange.Vieleicht doch jetzt oder nie?

[MONSIEURCB]

Jetzt neuer Kupfer-Zufluss:

http://finance.yahoo.com/news/sandstorm-metals-energy-increa…

[MONSIEURCB]

Und wieder ein Schritt weiter ...

http://finance.yahoo.com/news/sandstorm-metals-energy-provid…

[MONSIEURCB]

.. und weiter geht's mit good news:

[MONSIEURCB]

... oops, da war ich zu schnell:

http://finance.yahoo.com/news/sandstorm-metals-energy-provid…

Ist hier eigentlich jemand im Boot ????

[MONSIEURCB]

Auch wenn's offenbar niemand interessiert ...
http://finance.yahoo.com/news/sandstorm-novadx-announce-comp…

[MONSIEURCB]

Neuer Kopf in der Führung:

http://finance.yahoo.com/news/sandstorm-metals-energy-appoin…

[MONSIEURCB]

... und wieder News, auch wenn's hier wohl niemanden interessiert...

http://finance.yahoo.com/news/sandstorm-metals-energy-announ…

[KMST]

doch, ich warte jedoch mit dem einstieg bis sommer

[MONSIEURCB]

Gute Ergebnisse & Ausblick:

http://finance.yahoo.com/news/sandstorm-gold-announces-fourt…

[MONSIEURCB]

So ganz steige ich durch DEN Deal nicht durch ...

http://finance.yahoo.com/news/sandstorm-metals-energy-announ…

[tntxrxwelle]

Antwort auf Beitrag Nr.: 44.257.628 von MONSIEURCB am 15.03.13 14:46:02

Ist doch recht einfach. Terrex ist platt, Anterra will Terrex haben, hat aber keine Lust auf den ursprünglichen Deal zwischen Sandstorm und Terrex.
Als Kompensation (deal aufgelöst) gibt es folgendes für Sandstorm:

3,26 Mio. cash, Ausrüstung von Terrex im Wert von 3 Mio., eine 4 Mio. Wandelanleihe zu 6%/wandelbar in Anterra-Aktien zu 0,10 $ und 9,39 Mio. Anterra Aktien.

[MONSIEURCB]

....danke - so wird ein Schuh draus ...

[tntxrxwelle]

Antwort auf Beitrag Nr.: 44.257.904 von MONSIEURCB am 15.03.13 15:34:32

You'll never walk alone...auch wenn es hier so aussieht

[MONSIEURCB]

Aktien-Split 10:1 voraus!

http://finance.yahoo.com/news/sandstorm-metals-energy-provid…

[KMST]

Antwort auf Beitrag Nr.: 44.312.187 von MONSIEURCB am 27.03.13 11:06:37

The purpose of the Consolidation is to attract additional institutional investors and for potential future stock market listings.

somit wird es wohl spätestens im sommer dann ein neues großes financing geben, die institutional investors werden über ein pp oder bought deal einsteigen wollen. future stock market listing ist bestimmt ebenfalls die nyse das ziel

naja ich hör mir mal den cc um 16:30 an. ich werde wohl mit dem einstieg bis nach dem split und womöglich ebenfalls bis nach dem sehr wahrscheinlichen pp warten.

[MONSIEURCB]

..und schon wieder News:

http://seekingalpha.com/article/1303621-sandstorm-another-on…

[tntxrxwelle]

Antwort auf Beitrag Nr.: 44.315.121 von MONSIEURCB am 27.03.13 15:34:29

Das sind keine News, sondern die Zusammenfassung der Streams.

Resplit dürfte derzeit eher negativ sein.

[MONSIEURCB]

Hmm ... heute mit über 1 Mio. Umsatz (!) +5% in Kanada ... ist da irgend was im Busch? Nur an den Newes kann's kaum liegen ...

[MONSIEURCB]

..und heute plötzlich 4,8 Mio Umsatz in Kanada ... wer weiß was????

[tntxrxwelle]

Zitat von MONSIEURCB: ..und heute plötzlich 4,8 Mio Umsatz in Kanada ... wer weiß was????

Die +5% in Kanada vom 28.03. war in erster Linie das Management, welches Insiderkäufe zu 0,40+ $ getätigt hat.

Heute ? Rohstoffe schmieren ab, Sandstorm M. hat kein Geldpolster, stop-losses.
Ich halte Sandstorm Metals im Grunde für nicht schlecht, aber noch kein Stream online, und Fantasie in einem zyklischen Bereich, der gerade in den Baisse-Modus schaltet. Nicht gerade einladend, um nachzufassen.

[tntxrxwelle]

Antwort auf Beitrag Nr.: 44.454.823 von tntxrxwelle am 17.04.13 21:30:42

Ah, ich vergaß...der nat. Gas-Stream ist bereits online...aber nichts, was allein das Kursniveau rechtfertigt.

[MONSIEURCB]

1:10 reverse split am Mittwoch:

http://finance.yahoo.com/news/sandstorm-metals-energy-announ…

[MONSIEURCB]

Quartalsbericht als pdf:

http://sandstormmetalsandenergy.com/_resources/financials/20…

[MONSIEURCB]

Demnächst neuer Cashflow:

http://finance.yahoo.com/news/sandstorm-metals-energy-announ…

[KMST]

ab q4 erwartet...ich dachte der startet mit produktionsaufnahme und entsprechendem kupferverkauf.

[MONSIEURCB]

Na, das liest man doch gerne:

http://seekingalpha.com/article/1456631-good-news-for-the-sa…

[tntxrxwelle]

Antwort auf Beitrag Nr.: 44.701.507 von MONSIEURCB am 23.05.13 16:43:10

Wird der Kurs in Deutschland dieses Jahr noch umgestellt (10:1) ?

[MONSIEURCB]

Bei mir sind die neuen auch noch nicht eingebucht ... dürfte aber erfahrungsgemäß nur noch wenige Tage dauern ...

[MONSIEURCB]

Jetzt IST der neue Wert (mit alter WKN) eingebucht.
Und hier sind News:

http://finance.yahoo.com/news/sandstorm-metals-energy-acquir…

[jerobeam]

wenn die den Stream mit Canadian Zinc machen, wo sollen dann die $90m herkommen?
Um eine KE wird man wohl nicht umhin kommen.
Wäre natürlich schön wenn der Kurs bis dahin etwas anzieht, damit die Verwässerung nicht ganz so enorm ist.

[KMST]

nettes asset aber big financing kommt. ich warte noch wie und zu welchen kurs das gestaltet werden kann, der kurs wird mit den mindestens 90 mio am horizont sicher kaum wegrennen. das cash ist mit dem royalty auch so gut wie alle. falls er doch steigen sollte spring ich zum pp mit ein.

[jerobeam]

so smooth ist das alles nicht.
Sprott hat hier schon 2007 investiert und eine Menge Geld versenkt.
Letztes Jahr kamen die Chinesen dazu.
Jetzt Sandstorm.
Jetzt muss man den Hut kreisen lassen - wer hat die $190m die fehlen??

Canadian Zinc

BUY, Speculative Risk*
Dundee target: N/A

May 31, 2013

CZN raises $10mm through 1.2% NSR; ROFR on metals stream

Bottom Line: We believe that today's financing is a great first step in derisking the Prairie Creek project. The $10mm raise along with the potential of another $90mm (through a metals stream) will de-risk the project significantly on the financing side. We estimate that CZN will need ~$200mm to bring Prairie Creek into production. With this $10mm raise, and potential stream deal for $90mm, CZN will effectively has secured 50% of their capex needs. This will reduce future dilution and offer CZN more financing options.

That said, the main risks for CZN involve permitting at their Prairie Creek project. CZN currently has an active Land Use Permit to drill anywhere on the property but still requires the operating permits for a mine. The operating permits include the Mine Water License, the Mine Land Use Permit, Road Land Use Permit and the two Transfer Facility Land Use Permits. These permits are all expected to be in hand by the second half of 2013.

CZN is one of the few zinc levered stocks on the TSE. Canadian Zinc's Prairie Creek project is located in a politically stable jurisdiction with significant preexisting on-site infrastructure and the advantage of local support. We believe the project has the potential to begin operations (once permits and capital are in hand) by 2015 (!!!). We have CZN on the Dundee Mineral Exploration Watchlist with a BUY recommendation, no target price, and a Speculative Risk rating. Our NAV for the company is $0.90/share.

Financing Details

CZN raised US$10mm by the sale of a 1.2% NSR on the Prairie Creek Mine to Sandstorm Metals & Energy. Further, Sandstorm has granted CZN the option, for a period of 30 months, to repurchase 100% of the NSR without premium or penalty for US$10mm. Along with this, CZN has agreed to offer Sandstorm a ROFR on a $90mm metal stream deal.

Plan of Operations - leverage to Zinc and Lead

The zinc project has infrastructure currently in place worth $200-250mm. The assets are approximately 30 years old, however, they have never been used. Once in production, the mine will be underground with an approximate life of 11 years according the current reserve estimates. The mine will run at a rate of approx. 1350 tonnes per day with an average LOM cash operating cost $144/t. The estimated recoveries are 75% for zinc, 88% for lead and 92% for silver. Production per annum will be ~70mm lbs of ZN and ~80mm lbs of PB over the LOM.

[tntxrxwelle]

Antwort auf Beitrag Nr.: 44.757.631 von jerobeam am 31.05.13 13:09:55

Hier scheint ein wenig Lese- und oder Englischschwäche vorzuliegen.
Da steht nix von Stream für 90 Mio. Dort steht, dass SM eine 1,2% NSR erworben hat. Ferner hat CZ für 30 Monate das Recht diese NSR zum gleichen Preis zurückzukaufen, WENN eine Streamingvereinbarung über mindestens 90 Mio. $ getroffen wird (=Sandstorm kauft einen Stream).

Mal abgesehen davon, dass es wahrscheinlich anmutet, dass auch ein Stream angestrebt wird, wird dieser wohl primär von zwei Dingen abhängen:

1)
Das Projekt muss alle Erlaubnisse haben und muss mit den XX Mio. durchfinanziert sein.

2)
SM muss ein pp durchführen und/oder Kredit aufnehmen.

Da Sandstorm Gold 3,2 Mio. $ für den Silberanteil der NSR gelöhnt hat, würde wahrscheinlich auch entsprechend für einen Streaminganteil zugeschossen. Auf der Basis von 90 Mio. entfielen dann rund 29 Mio. auf Sandstorm Gold und 61 Mio. auf Sandstorm Metal.

[jerobeam]

Antwort auf Beitrag Nr.: 44.760.673 von tntxrxwelle am 31.05.13 18:01:49

die Leseschwäche liegt wohl eher bei Ihnen. Ich habe doch deutlich geschrieben "wenn die den Stream mit Canadian Zinc machen, wo sollen dann die $90m herkommen?"

Mag ja sein dass SSL was zuschiesst (würde ich sogar für sehr wahrscheinlich halten), aber das nötige Kleingeld hat SND definitiv nicht.

[tntxrxwelle]

Antwort auf Beitrag Nr.: 44.760.739 von jerobeam am 31.05.13 18:11:11

Na ja, hörte sich so an, als sei ein 90 Mio.- Deal (zukünftig) bereits eingetütet.

[tntxrxwelle]

Habe mir aus "Langeweile" mal die FS von Donner Metals reingezogen.
Life of mine 4 Jahre, Gesamtkupferproduktion 83 Mio lbs Kupfer.

Anteil von Donner 35 % = rund 29 Mio. lbs
Anteil von Sandstorm 24,5 % von 29 Mio lbs = 7,1 Mio. lbs.

Nehmen wir mal eine Marge von Sandstorm i.H.v. 2,4 $ pro lbs, dann kommt man auf rund 17 Mio. $.

Wo ist jetzt der gag, 27 Mio. für einen Stream gelöhnt zu haben und daraus in vier Jahren 17 Mio. zu erlösen ? Phantasie auf McLeod Deep ?

Oder ist der Xsatra-Anteil (65%) im Stream enthalten...was ich eher nicht glaube ?

[tntxrxwelle]

Antwort auf Beitrag Nr.: 44.763.523 von tntxrxwelle am 01.06.13 04:47:14

Nochmal in die Meldungen geschaut...scheint so zu sein, als ob Sandstorm sozusagen an die Stelle von Donner Metals treten würde, sprich sich 24,5% reinziehen und Donner verblieben 10,5 % von der Gesamtkupferproduktion.
Hoffentlich steht das so auch in den Verträgen

Dann kommt obige Rechnung auf rund 49 Mio...in vier Jahren + Option auf mehr, was schon lustiger anmutet.

[jerobeam]

ja, genauso ist es. 24.5% an der Gesamtproduktion von Matagami. Den Vertrag findet man auch im Sedar.

[KMST]

What You Don't Know About The Sandstorms, Part II


http://seekingalpha.com/article/1514352-what-you-don-t-know-…

[KMST]

Cdn Zinc receives two permits for Prairie Creek
2013-06-21 05:04 PT - News Release



Mr. John Kearney reports

CANADIAN ZINC RECIEVES LAND USE PERMITS FOR OPERATION OF PRAIRIE CREEK MINE

The Mackenzie Valley Land and Water Board has issued two key land use permits (LUP) for mining operations at its wholly owned Prairie Creek mine in the Northwest Territories, Canada.

LUP MV2008D0014 permits Canadian Zinc to extract ore and waste rock from the Prairie Creek mine, operate a flotation mill concentrator to produce zinc and lead concentrates, create a waste rock facility, and refurbish and develop site facilities in support of the mining operation along with the eventual closure and reclamation of the mine site.

LUP MV2008T0012 permits Canadian Zinc to construct and operate the Liard transfer facility to be situated near the junction of the existing Prairie Creek mine access road and the Liard Highway. The Liard transfer facility is a staging area at the south end of the winter access road designed to temporarily store outbound concentrate and inbound supplies.

Both new LUP permits are valid for a term of five years and with an optional two-year extension.

In January, 2013, the Mackenzie Valley Water Board issued LUP MV2012F007 which permits the construction, maintenance, operation and use of the winter access road connecting the Prairie Creek mine to the Liard Highway. This permit allows the outbound transportation of the zinc and lead concentrates to be produced at the mine and the inbound transportation of fuel and other supplies during the actual operation of the Prairie Creek mine.

The company expects that in the near future the water board will also issue a Class Type A water licence which will be subject to approval by the Federal Minister of Aboriginal Affairs and Northern Development. Canadian Zinc is also awaiting final permits from Parks Canada for the operation of portion of the winter road that passes through the Nahanni National Park Reserve and construction of the Tetcela transfer facility, a second road staging area to be located within the park. Draft permits were issued for review by Parks Canada in March, 2013, and it is expected these permits will be finalized in the near term.

We seek Safe Harbor.

[MONSIEURCB]

Kam gerade raus ...

http://finance.yahoo.com/news/sandstorm-metals-energy-amends…

[tntxrxwelle]

Antwort auf Beitrag Nr.: 45.003.015 von MONSIEURCB am 08.07.13 15:31:16

Ein Witz. Kursziel: Pre-split Kurse + pp.

[jerobeam]

Ein Witz? Eine Frechheit!
Offenbar hält Sandstorm Gold nämlich an seinem Donner stream weiter fest!!
Man verspielt hier den letzten Funken goodwill der vielleicht bei einigen noch vorhanden war.

[tntxrxwelle]

Antwort auf Beitrag Nr.: 45.005.857 von jerobeam am 08.07.13 22:25:08

Der Grund ist ja klar...lieber eine Kuh die morgen Milch gibt, als heute eine tote Kuh. Aber ohne irgendeine Kompensation ? Da steht wohl mal ein Gehaltsverzicht, des Personals bei Sandstorm an...der nicht kommen wird.

[jerobeam]

Momentan sieht es eher so aus als ob der Melker verdurstet weil bisher alle Kühe abgekratzt sind.
Da muss dann wohl wieder die Landwirte-Unterstützungskasse ("private placement") ran und Geld reinpumpen in diesen Luftballon voller Löcher.

[tntxrxwelle]

Da Colossus jetzt auch noch stolpert...vielleicht sollte Sandstorm auch noch auf das Palladium in 2014 verzichten.
Ist ja echt ein Brüller. Nicht ein Stream ohne kapitale Probleme. Was für Pfeifen.

Apropos Pfeifen...wann wird Thread, deutsche Notierung, canadische Notierung und US-OTC hier mal zusammengeführt ?

[KMST]

zahlen sind draußen...13 mio minus

[tntxrxwelle]

Antwort auf Beitrag Nr.: 45.239.527 von KMST am 13.08.13 14:25:57

...und Donner ist (seit heute) im default...

[KMST]

Antwort auf Beitrag Nr.: 45.240.889 von tntxrxwelle am 13.08.13 16:32:13

auch klasse...

dazu gibts aus dem aktuellen MDA noch dies:

from the Q2 MDA

The Company is not required to
contribute any further capital, exploration, or operating expenditures
to Donner; however, the Company currently anticipates that Donner
may be required to obtain additional financing to ensure it is able to make the required cash
calls to Glencore Xstrata under its joint venture agreement. In the event that Donner defaults
on its joint venture agreement with Glencore Xstrata, Sandstorm has the option to assume
Donner‘s 35% interest in the joint venture by remedying such defaults (“JV Option”). If Sandstorm
exercises the JV Option, Glencore Xstrata has the ability to repurchase the 35% interest in the
joint venture from Sandstorm in exchange for $49.0 million.
The Company amended its Donner copper stream to waive the requirement for Donner to sell
copper to Sandstorm Metals during the 2013 calendar year. This amendment was made in order
to better allow Donner to meet its working capital obligations that arise under its joint venture
agreement with project operator Glencore Xstrata. As a result, Donner’s cash flow guarantees
have been revised such that the Company will now receive minimum before tax cash flows of
$9.5 million in 2014, $8.0 million in 2015, $5.0 million in 2016 and $4.5 million in 2017.
The Company also entered into an agreement with Donner to purchase a certain percentage of
the life of mine gold and gold equivalent of silver produced from the Bracemac-McLeod Mine.
Concurrently, the Company entered into a similar back-to-back agreement with Sandstorm
Gold Ltd. (“Sandstorm Gold”) to sell all of the gold and gold equivalent ounces purchased from
Donner in return for Sandstorm Gold remitting a $5.0 million upfront payment.

[tntxrxwelle]

Antwort auf Beitrag Nr.: 45.241.065 von KMST am 13.08.13 16:45:45

Entscheidend ist diese Passage:

"...Sandstorm has the option to assume Donner‘s 35% interest in the joint venture by remedying such defaults (“JV Option”). If Sandstorm exercises the JV Option, Glencore Xstrata has the ability to repurchase the 35% interest in the joint venture from Sandstorm in exchange for $49.0 million..."

Soll ja wohl heissen...Sandstorm kann den default abwenden, wenn bei den cashcalls für Donner eingesprungen wird. Im Gegenzug darf Glencore den Müll für 49 Mio. $ übernehmen. Der Sinn erschließt sich mir nicht.
49 Mio. abzgl. cashcalls sky's the limit.

[KMST]

mal sehen was aus den abgeschriebenen coalplay noch rauszuholen ist. hoffentlich schaffen die es noch in 2014 in produktion zu gehen.

das donner damoklesschwert hängt aber noch über allem...



Novadx arranges debt financing with ABACI, Sandstorm

2013-08-13 15:48 ET - News Release



Mr. Daniel Roling reports

NOVADX ENTERS INTO LETTER OF INTENT FOR CORPORATE RESTRUCTURING

Novadx Ventures Corp. and its wholly-owned subsidiary, MCoal Corp., have entered into a letter of intent (LOI) with ABACI Capital Ltd. and Sandstorm Metals and Energy Ltd., pursuant to which the company intends to raise up to $20-million in equity and debt financing. The LOI also contemplates the restructuring of the company's existing coal stream purchase agreements and the consolidation of the company's issued and outstanding common shares on the basis of one postconsolidated common share for every 50 preconsolidated common shares. The company has engaged Asperion Group LLC as its placement agent to assist the company on the structuring and placement of the equity and debt financing.

"We are pleased to announce this restructuring and recapitalization program that will allow the company to move from a financially challenged position, to one of significant financial strength," said Daniel Roling, president and chief executive officer. "The strong support given to the company by the management team at Sandstorm Metals & Energy has been exceptional. In addition, we believe that the confidence being placed in management by ITA Global Opportunities Fund in connection with their proposed participation in the restructuring will be rewarded. Once the recapitalization has been completed, it is our intention to focus our energy on opening the Rex no. 1 mine, reopening the Smokey Junction preparation facility and rebuilding customer relationships. We look forward to reopening operations".

It is anticipated that the company's current president and CEO, Mr. Roling and its current chief financial officer and corporate secretary, Sam Wong, will continue in their current roles upon completion of the restructuring.

As part of the restructuring, the company intends to complete a non-brokered private placement of up to 1.5 billion units (30 milion units postconsolidation) at a price of once cent per unit (50 cents postconsolidation), for aggregate proceeds of up to $15-million. Each unit will comprise one common share and one-tenth of one share purchase warrant. Each whole share purchase warrant shall entitle the holder thereof to acquire an additional common share of the company at an exercise price of one cent (50 cents postconsolidation) for a period of five years from the date of the issuance of the warrants.

"Completion of the proposed restructuring will allow the Novadx assets to reach production and generate cash flow to both Novadx and Sandstorm shareholders," said Sandstorm president and CEO, Nolan Watson. "The royalty and the equity position will put us in a position to recoup some of our invested capital."

The company will pay the agent a commission of up to 6 per cent cash of the gross proceeds from the sale of units and warrants of up to 6 per cent of the aggregate number of warrants issued by the company. The company will pay ABACI finder's fees in cash equal to 5 per cent of the gross proceeds from the sale of units under the private placement purchased by arm's length subscribers introduced to the company by ABACI.

In addition, the company will be seeking a secured loan in the amount of $5-million, which will mature and become payable on the date that is 24 months from the date of issuance. The secured loan will bear interest at a rate of 12 per cent per annum and will be secured against the shares of MCoal, and the shares of each of the company's other subsidiaries. The company has agreed to grant the lender bonus warrants exercisable to acquire 12.5 million common shares (250,000 postconsolidation) exercisable at one cent (50 cents postconsolidation) for a period of five years. The company has agreed to pay finder's fees of up to 2.5 per cent of the amount of the secured loan. Pursuant to the terms of the LOI, an escrow deposit of $750,000 will be made available to the company, which will be drawn against the secured loan facility, to fund working capital expenses until closing of the restructuring; $250,000 has been advanced to the company to date. In the event that Sandstorm terminates the LOI, the entire $750,000 is repayable by Sandstorm to ABACI.

In connection with the closing of the restructuring, the company intends to amend the terms of previously issued convertible debentures having an aggregate outstanding principal amount of $2.67-million, expiring on Dec. 9, 2014, to reduce the applicable conversion price of the debentures from 30 cents per common share to one cent per common share (50 cents postconsolidation), making them convertible into an aggregate of 267 million shares (5.34 million postconsolidation common shares).

As announced on Jan. 2, 2013, the company and Sandstorm acquired mine 12, the Turley rail load-out and the Smokey Junction preparation plant located in Campbell and Scott Counties, Tenn., through a wholly-owned U.S. subsidiary of Sandstorm (0955615 U.S. Inc.) in consideration of cash payment, the issuance of common shares of Sandstorm and a five-year secured loan from National Coal LLC to 0955615 U.S. Inc. in the amount of $3.5-million (U.S.) In connection with the Smokey acquisition, the company agreed to fund the repayment of the U.S. Inc. loan pursuant to which the company would earn up to a 41.2-per-cent interest in 0955615 U.S. Inc.

As part of the proposed restructuring, Sandstorm has agreed to restructure and cancel the company's previously disclosed coal streaming agreements and credit facility, and to transfer its interest in 0955615 U.S. Inc. to the company on the following basis:



Sandstorm will immediately be issued 20 million preconsolidation common shares (400,000 postconsolidation common shares) of the company at a price of five cents per common share ($2.50 postconsolidation) in settlement of $1-million in outstanding debt;
The company will pay Sandstorm $1-million in cash on completion of the restructuring;
Sandstorm will be issued 500 million common shares (10 million postconsolidation common shares) of the company at a price of one cent per common share (50 cents postconsolidation) on completion of the restructuring;
Sandstorm and the company will enter into a royalty agreement, pursuant to which the company will pay $3 (U.S.) per-ton royalty on all clean tons sold from existing reserves and resources with minimum aggregate recoupable annual royalty payments of $500,000 (U.S.) to Sandstorm;
The royalty agreement shall be deemed fully paid and cease to exist upon payment of $9-million (U.S.) in royalties to Sandstorm, provided that, if at any time while any portion of the secured loan remains due and owing to the lender or any other party that is controlled by or related to ABACI, the closing price at which the common shares of the company trade on the Exchange falls below 20 cents on a postconsolidated basis for a period of three consecutive months, then the Sandstorm cap shall cease to apply until the closing price at which the common shares of the company trade on the Exchange is above 20 cents on a postconsolidated basis for a period of three consecutive months. In addition, Novadx will have the right to repurchase the royalty from Sandstorm for a cash purchase price of $6-million (U.S.) at any time until the date that is two years from the date of closing of the restructuring, provided that the closing price at which the common shares of the company trade on the Exchange is not below 50 cents (on a consolidated basis);
Sandstorm will assign all of the issued and outstanding share capital of 0955615 U.S. Inc. to the company and 0955615 U.S. Inc. will become a wholly-owned subsidiary of the company.



It is currently anticipated that ITA Global Opportunities Fund will subscribe for an aggregate number of units under the private placement that will result in ITA holding, in excess of 20 per cent of the aggregate issued and outstanding common shares of the company on closing of the restructuring. In addition, it is anticipated that the issuance of common shares to Sandstorm under the Sandstorm restructuring will result in Sandstorm holding, in excess of 20 per cent of the aggregate outstanding common shares of the company on closing. As a result, both ITA and Sandstorm will become new control persons of the company pursuant to the policies of the TSX Venture Exchange requiring the approval of shareholders of the company under the policies of the Exchange.

The company intends to seek shareholder approval for the change of control at the company's annual and special meeting of shareholders scheduled to be held on Sept. 24, 2013. The company also intends to appoint additional directors to its current board of directors. At the AGM, management intends to nominate the following individuals to serve as directors of the company for the ensuing year:



Daniel Roling, president, chief executive officer and director: Previously, Mr. Roling was the president, CEO, and served on the board of directors of National Coal Corp., a publicly-traded southern Appalachian coal producer. Prior thereto, he was first vice-president and global senior metals and mining analyst at Merrill Lynch, where he was employed for 25 years. Mr. Roling is both a certified public accountant and a chartered financial analyst;
Sam Wong, chief financial officer, corporate secretary and director: Mr. Wong holds the position of CFO of Chesapeake Gold Corp. and Lowell Copper Ltd. Previously, Mr. Wong was the corporate controller for Luna Gold Corp. and Pathway Capital Ltd. While employed with Deloitte & Touche LLP, he obtained the chartered accountant designation; he is a graduate of the University of British Columbia where he received a bachelor of commerce degree;
Marc Solochek, director: Mr. Solochek currently is the CFO for Medical Information Systems Technology LLC, and is a financial and business consultant. Previously, he has been the CFO for both private and public companies, as well as having served on the board of directors of other public companies;
Dr. Jeff O'Leary, proposed director: Dr. O'Leary, after retiring from HSBC Group, where he was a director of the mining and metals team, was a non-executive director of Moto Goldmines Ltd. and European Goldfields. Currently, he is involved with the development of two large iron ore projects in South America and gold and base metal projects in Europe. In addition, Dr. O'Leary held a number of executive and non-executive positions with mining companies in North and South America and Africa, and was the senior lecturer in geostatistics at the Royal School of Mines, Imperial College London. Dr. O'Leary has a BSc in mining geology and a PhD in geostatistics from the Royal School of Mines, and is a fellow of the Institute of Materials, Minerals and Mining, and a chartered engineer.



It is also anticipated that a fifth and independent director will be nominated by the board of directors at a later date.

In connection with the completion of the restructuring, the company intends to complete filings pursuant to the policies of the Exchange to reclassify from its current classification of investment issuer to mining issuer and to change its name to Blackpaw Coal Corp. The Company's Rex no. 1 mine located in Campbell County, Tenn., will be the company's qualifying property in accordance with Exchange policies. A copy of the company's independent technical report on the Rex no. 1 property entitled "Technical Report on the Rex Coal Mine Property - MCoal Corporation - Campbell County, Tennessee, USA", prepared John Feddock, PE, senior vice-president and qualified person on behalf of Marshall Miller & Associates Inc. is available under the company's SEDAR profile.

Pursuant to the terms of the LOI, completion of the restructuring is conditioned upon, among other customary closing conditions: (1) all components of the restructuring being completed; (2) holders of debentures having an aggregate principal amount of $1.32-million agreeing to convert the debentures at the amended conversion price of one cent (50 cents postconsolidation) into 132 million common shares (2.64 million common shares postconsolidation) at or before closing of the restructuring; (3) the company having no other material indebtedness, other than the $3.5 million (U.S.) U.S. Inc. loan, the secured loan and any remaining unconverted debentures; (4) completion by ABACI of satisfactory due diligence with respect to the company; (5) successful negotiation of definitive agreements with regard to the restructuring; and (6) receipt of all necessary shareholder and regulatory approvals.

The company also announced that it will redeem 480,000 common shares (9,600 postconsolidation common shares) from a former officer of the company in satisfaction of $50,000 in debt owed by the former officer to the company and will issue 15 million (300,000 postconsolidation common shares) common shares at a price of one cent per share (50 cents postconsolidation) on closing of the restructuring in settlement of amounts owing to certain officers, directors and employees of the company.

Upon completion of the restructuring and related transactions, assuming completion of the maximum private placement and conversion of debentures having an aggregate principal amount of $1.32-million, it is anticipated that the company will have 45,261,909, postconsolidated common shares issued and outstanding, or 48,560,409, postconsolidated common shares issued and outstanding on a diluted basis.

Certain of the securities issued pursuant to the restructuring and related transactions will have a hold period expiring four months and one day from the date of issuance.

Completion of the transaction is subject to a number of conditions, including Exchange acceptance and appropriate shareholder approvals. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

[KMST]

statement von denver harris zum thema donner default...habs aber ebenfalls nur aus einem board aufgeschnappt. klingt aber alles sehr plausibel.


"Donner does not have enough money to pay the cash call. Previous cash calls have exhausted their available funds. The credit facility from Sandstorm is no longer available to Donner because they are in default of the loan agreement.

There is nothing odd going on with the situation. It is unfortunate that Donner is not able to meet its cash calls and may default on the joint venture but in that scenario, Sandstorm does have the option to cure the default and assume the entire 35% interest in Bracemac-McLeod. The challenge for us is that we would have to raise capital in order to assume the joint venture."

I asked DH how much capital would that be: "It will likely take another $10 million to $12 million (including the $4.3 outstanding currently) before the 35% joint venture is generating positive cash flow ."

[KMST]

Antwort auf Beitrag Nr.: 45.253.175 von KMST am 14.08.13 22:54:07

"You’re right that for Sandstorm to be able to assume the joint venture, we would have to raise capital. It is not an ideal situation to be in and if Donner does default we will look for ways to maximize shareholder value and minimize dilution. Having said that, the 35% joint venture interest is worth significantly more than 24.5% of the copper which Sandstorm currently has exposure to. Shareholders would receive some value in return if that scenario unfolded."

[KMST]

Sandstorm Metals & Energy Converts Bracemac-McLeod Stream Into 3% NSR Royalty
Vancouver, British Columbia | September 3, 2013

Sandstorm Metals & Energy Ltd. (“Sandstorm Metals” or the “Company”) (TSX-V: SND) is pleased to announce that it has converted its copper stream (the “Copper Stream”) along with Sandstorm Gold Ltd.’s (“Sandstorm Gold”) gold stream (the “Gold Stream”) on the Bracemac-McLeod Mine (“Bracemac-McLeod”) into a 3% net smelter returns royalty (“NSR”) based on 100% of production from Bracemac-McLeod. Bracemac-McLeod is located in Matagami, Quebec and is owned and operated by a subsidiary of Glencore Xstrata plc (“Glencore”). The 3% NSR will be split between Sandstorm Metals and Sandstorm Gold (together “Sandstorm”) based on the respective funds contributed to Donner Metals Ltd. (“Donner”) in relation to the Copper Stream and Gold Stream, resulting in Sandstorm Metals receiving 80% of the proceeds from the 3% NSR (equivalent to a 2.4% NSR) and Sandstorm Gold receiving 20% of the proceeds from the 3% NSR (equivalent to a 0.6% NSR).

Sandstorm Metal’s Copper Stream agreement with Donner entitled the Company to purchase 24.5% of the copper produced from Bracemac-McLeod at US$0.80 per lb. Donner held a 35% participating interest in Bracemac-McLeod (the “Joint Venture”) but recently announced its inability to meet the cash calls under their Development and Operating Agreement with Glencore (see Donner press release dated August 13, 2013). Sandstorm Metals had the option to remedy the default by making the cash call payments to Glencore however this would have required Sandstorm Metals to raise a significant amount of equity. In order to avoid diluting shareholders, Sandstorm Metals and Sandstorm Gold have agreed the following with Donner and Glencore:

Glencore has issued a 3% NSR to Sandstorm Metals on 100% of production from Bracemac-McLeod, which will be split 80% Sandstorm Metals and 20% Sandstorm Gold, in exchange for Donner’s 35% participating interest in the Joint Venture and an option to acquire the Donner shares held by Sandstorm Metals.
Sandstorm Metals and Sandstorm Gold have relinquished the Copper Stream and the Gold Stream respectively.
Sandstorm Metals will issue 1,333,334 shares of Sandstorm Metals (at a deemed price of $1.50 per share) to Donner and Donner has provided each of Glencore and Sandstorm Metals with an irrevocable and unconditional release and discharge of any claim by Donner against Glencore or Sandstorm Metals and Donner agreed to an orderly completion of the transactions.
After the proceeds from the 3% NSR exceed $49 million, from that point forward, Sandstorm will pay a 1% NSR to Donner out of the proceeds of the 3% NSR.

Sandstorm’s President and CEO Nolan Watson commented, “Although Sandstorm had the ability to assume and maintain ownership of the 35% joint venture in the event of a Donner default, the ongoing capital requirements would have required raising a considerable amount of capital resulting in significant dilution for shareholders. This transaction allows us to avoid dilution and the 3% NSR will begin generating cash flow in the fourth quarter of this year, transitioning Sandstorm Metals into a cash flowing company.”

[tntxrxwelle]

Antwort auf Beitrag Nr.: 45.378.811 von KMST am 03.09.13 19:57:11

Habe einen Thread zu der re-split Aktie aufgemacht. Kann dort weitergehen.