SANDSTORM GOLD -- ehemals --Sandstorm Resources - Älteste Beiträge zuerst (Seite 89)

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Antwort auf Beitrag Nr.: 54.847.975 von Global-Player83 am 02.05.17 17:20:14

Zitat von Global-Player83: 01. Mai 2017 3,44

18. Apr. 2017 4,56

= -25%

Bleib lieber in dem AFD Thread, da bist du besser aufgehoben. Oder bei deinen Explorer-Klitschen Tinca Resources (nie gehört), Rye Patch, Red Eagle Mining (in Kolumbien).

Deshalb hast du bei Tinka ja auch keine 200% gemacht....

PS. Du weißt schon wohin....

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Für Interessierte ist dieser Artikel ein "Muss"! Er fasst sehr schön Pro und und auch sehr viele Contra Argumente zusammen! Daher am besten den Artikel komplett lesen!

Er zeigt sehr schön die verschiedenen Risiken auf, weist aber auch auf die in diesem Deal vorhandenen Chancen zur Transformation der Company hin, Stichwort ist hier Game Changer!

Der Artikel lässt natürlich auch schmerzliche Erinnerungen an fehlgeschlagene Invests nicht aus. Ich denke, dass keiner von uns, der hier schon länger investiert ist, nicht auch "kolossale" Erinnerungen hat. Wenn ich mir aber anschaue, was unsere Freunde von Franco für einen 60T OZ Stream bezahlen, haben wir hier MÖGLICHERWEISE die Chance eine ganz neue Stufe zu erklimmen! Hier muss nun Jeder für sich entscheiden, ob er hier Chancen, oder ZURECHT auch das Risiko sieht!

Der Abverkauf am Freitag beruhte auf 3 Faktoren:

a) Marktumfeld
b) Rebalancing (Vielleicht schafft es Jemand herauszufinden, wieviel Van Kack schon rausgekotzt hat)

UND c) vor allem auf der Verkaufsempfehlung eines sehr verbreiteten Börsendbriefes!

Solange also, van Kack nicht fertig ist und wir leider nicht wissen wo der Goldpreis hinläuft muss man eventuell weiter mit Schwäche rechnen.

Auszüge aus dem Artikel:

Much like many of our subscribers, our first instinct was to oppose the deal and sell. But as we studied the data in front of us, the proposed deal started to grow on us putting us into a position of devil's advocate to the currently prevailing market sentiment... .

So What's Mariana Worth?...

The company assumed a gold price of $1,250/oz and a copper price of $2,75/lb for its base case, and comparatively conservative discount rate of 8% to arrive at an NPV of $1.37B for the project, with Mariana's 30% share amounting to $411M. Total capital for the project amounts to just $261M, and that's total capital as in already including sustaining capital for the life of mine. With metrics like this an IRR of 153% comes with little surprise.

As always, there is plenty of upside with this project as well, and just like the project itself, this upside is quite extraordinary. Only a small portion of Mariana's landholding have been drilled, and many highly promising targets await exploration. Discovery of another deposit is certainly a possibility, and extension of the existing (geologically open) deposit is likely. In our view, the 9-year mine life outlined in the PEA is a highly promising start to an operation that may well outlive many of its current investors... .

... we submit that Hot Maden is one of the most attractive near-term development projects currently on the market, and owning a stream on the future Hot Maden mine will be a major achievement for any streaming company. Sandstorm has found an ingenious way of doing just that... .

Takeaway and Investment Thesis

While other streaming companies are bidding on conventional streams where rates of return have been tumbling of late, Sandstorm is shooting for the stars (again). The company has pushed the limits of the streaming business model (again), and if the Mariana takeover closes, it has a shot at creating a metal stream with the potential to propel Sandstorm to the next level. On the other hand, there are substantial costs associated with this move, and it adds substantial risks to the company's profile.

This is a classic case of high risks weighing against high rewards, where individual assumptions especially on the risk-side of the equation will tip the scale one way or another for individual investors.

...

We have concluded that the potential rewards justify the costs, plus the substantial dose of risks. Hot Maden is a uniquely profitable asset, and it deserves the shot Sandstorm is giving it. We believe that Sandstorm's management has what it takes to manage the risks, and we feel that the costs are justified while not putting too much strain on the balance sheet.

We expect closure of the deal to act as a catalyst to the upside, however. Not only will Sandstorm start releasing new information to the market, it will presumably also use the share price weakness to ramp up buy-backs thus adding support to the share price.

We therefore see the current share price weakness as a developing buying opportunity, although we are in no hurry to buy as the share price might just drift lower during the current blackout period up until closure. We are well aware that it might take a little while for the value of this deal to crystallize, and we are well aware of the risks we are taking, but at a low $3 handle on the share price, we are convinced buyers, and believe that rewards outweigh risks by a comfortable margin.

https://seekingalpha.com/article/4067715-sandstorm-gold-ramp…

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Brent Cook wird wohl Sandstorm Aktionär

Joe Mazumdar, Fergus Hodgson und Brien Lundin im Gespräch:



Hot Maden:

Fergus: Some of the best drill intercepts that I have ever seen..in some cases ultra-high grade resources...

Joe:

- Opportunity for a streamer which doesn´t have a lot of opportunities for streaming because the financing risk has abated...

- so this is one of the only opportunities at the moment so they can get a quality asset...

- we get a win-win....it accrues to Sandstorm and Mariana gets a premium...

- I like the Argentine assets and the land package in Cote d´Ivoire

- I´m gonna book all my profits, Brent gonna do half and half

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Mariana Resources Ltd: Updated Cooperation Agreement and Indicative Timetable for the Implementation of the Combination

...

It is presently anticipated that Mariana will send its Scheme Document to Mariana Shareholders and (for information only) to principles in the Mariana Employee Equity Plans and holders of Mariana Warrants around mid-May, that both of the Guernsey Court Meeting and General Meeting of Mariana shareholders required to approve the Combination will be held around mid-June and that, provided the Combination is approved by Mariana Shareholders, the Guernsey Court should sanction the Combination in late June, subject to Court availability... .

http://www.minenportal.de/artikel.php?sid=200264&lang=en#Mar…

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Sandstorm Gold Announces 2017 First Quarter Results http://www.newswire.ca/news-releases/sandstorm-gold-announce…

— First Quarter Highlights

Record attributable gold equivalent ounces sold1 of 15,558 ounces (Q1 2016 – 11,381 ounces);

Revenue of $18.8 million (Q1 2016 - $13.4 million);

Average cash cost per attributable gold equivalent ounce of $258 resulting in cash operating margins1 of $952 per ounce (Q1 2016 - $267 per ounce and $909 per ounce respectively);

Operating cash flow of $11.9 million (Q1 2016 – $9.7 million); and

Net income of $7.0 million (Q1 2016 – $13.2 million)... .

— Financial Results ...

Cash flow from operations was higher and net income was lower when compared to Q1 2016. The change in net income was primarily due to a decrease in gains recognized on the revaluation of the Company's investments. Specifically, a gain on revaluation of investments of $2.7 million was recognized during the first quarter of 2017 which was $10.7 million less than Q1 2016. This was offset by other factors including a $2.2 million gain resulting from the settlement of Luna debt, the 20% premium associated with Orezone exercising the repurchase option on the Bomboré royalty, as well as a $1.0 million decrease in finance expense, as the Company's revolving line of credit was fully repaid during 2016.

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Sandstorm Gold: A Record-Breaking Quarter

Summary

Sandstorm Gold just reported one of its strongest quarters in its history.

The company benefitted from record gold equivalent ounces sold, low cash costs and higher gold prices... .

Sandstorm ended the quarter with $32 million in cash and cash equivalents, compared to $21.4 million last quarter, and zero debt; the company also owns $96.56 million worth of investments in various companies, including equity in Trek Mining, which was formed upon the merger of JDL Gold and Luna Gold.

Positive Developments

Sandstorm's strong production is mainly due to an increase in production coming from the Diavik royalty (62% increase compared to last year), new production from the Yamana Gold (NYSE:AUY) silver and copper streams, and production from the Karma gold stream. Primero Mining's (NYSE:PPP) Black Fox mine, the Bracemac McLeod mine and the Ming mine were also strong performers in Q1.

Other positive news came from Orezone Gold Corp., which decided to buy back its royalty on the Bombore project for $3.6 million, netting Sandstorm a 20% return on its original upfront payment. Sandstorm still owns a right of first refusal on any future stream or royalty financing related to the Bomboré gold project.

Another positive development: Metanor Resources announced the closing of two private placements totaling C$20 million, which included an investment Kirkland Lake Gold (OTCQX:KLGDF), a $1.4 billion Canadian gold miner. This is outstanding news for Sandstorm in my opinion; Sandstorm owns a 20% gold stream on the Bachelor Lake mine, as a well-capitalized Metanor has more funds for exploration and development. Kirkland Lake could very well be interested in taking over Metanor at some point in the future.

At Karma, Endeavour Mining (OTCQX:EDVMF) has announced an indicated resource of 314,000 ounces at the North Kao deposit, extending the mine life at Karma to beyond 10 years. The company is planning a $4 million exploration program in 2017... .

https://seekingalpha.com/article/4071003-sandstorm-gold-reco…

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OTTO ist zurück!!

5/9/17
Sandstorm (SAND) (SSL.to)

It's amazingly cheap right now. I actually read some dumbass sell side anal yst report this morning saying Osisko was comparatively better value than SAND. That author is either on drugs, dropping his underpants to Sean, or plain stupid.

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5/11/17
Two days ago...

...on May 9th, your humble scribe wrote short'n'sweet positives on the price of gold...

"...if the drop stops around here, it could be a whole
lot of upside fun and frolics in the near future."

...and on Sandstorm...

"It's amazingly cheap right now."

...Gold (SSL.to) (SAND).

Two days later, gold did indeed bounce on that red line, is $10/oz higher and suddenly moving like a champ. Meanwhile SAND is up nearly 10% and making Doody look like the tool that he is. And let's be clear, SAND has only just started on its rebound move, there's a ton of upside left to come on this move. It may take a few weeks, the info lockdown at the company while its purchase of the AIM-listed MARL will make sure of that so you're not going to get much market pumperation in the meantime. But the savvier among you should love that, not hate it. Further questions?

@Otto

[Popeye82]

www.streetwisereports.com/pub/na/17436?utm_source=delivra&ut…

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The Undisclosed Potential Should Drive Sandstorm Gold's Value Up

Summary

Sandstorm Gold is not a typical streaming/royalty company; apart from a portfolio of streaming/royalty assets, the company holds three interesting equity stakes.

In this article, I am trying to value Sandstorm shares; however, the fair price disclosed in the final section should be perceived as the absolute minimum.

In my opinion, the non-operating assets may present the significant upside potential, which should drive up the company's value in the future... .

Mariana Resources

At the end of April 2017, Sandstorm announced a merger with Mariana Resources. Here are the main parameters of this transaction:

- Before the transaction, Sandstorm held 9.0M Mariana shares and Mariana warrants over 4.5M
Mariana shares
- After the transaction, Sandstorm will hold 100% of Mariana Resources
- To pay for Mariana shares, Sandstorm will issue 30.2M new shares and pay 43.3M in cash so the
deal is worth $153.2M (currently Sandstorm shares are trading at $3.64 a share)
- As a result, Sandstorm will control the Hot Maden gold project located in Turkey

In my opinion, Hot Maden is an excellent project. It is shared between Mariana (now Sandstorm) holding a 30% stake in the project and Lidya Madencilik, a Turkish company, holding 70%. Over eight years, Hot Maden should deliver 2.7M ounces of gold and 142.1 thousand tons of copper. To construct the mine, the consortium plans to spend $169.1M, of which 30% ($50.7M) is attributable to Sandstorm. I think the company should easily find this cash through public offering or through bank financing (which would be a better option)... .

Conclusion

Using a very conservative measures (large discount rates, valuing only operating streams and royalties, taking into account mineral reserves only, etc.), one share of Sandstorm is worth $4.20, at least.

Apart from operating and close to production assets, the company holds a large portfolio of assets that today are valued at zero (using my valuation model). These undisclosed assets surely have some upside potential. In my opinion, this potential may be huge, but today it would be too speculative to assign specific values to these assets.

However, if I am correct, this additional, hidden value should be disclosed over time. That is why Sandstorm shares will be included into my portfolio of up to 10 mining picks offered through my Marketplace service ("Unorthodox Mining Investing").

https://seekingalpha.com/article/4073867-undisclosed-potenti…