i have been wondering about sandstorm too.
it woudl be too easy to assume that sandstorm's rise and decline ties into the spinoff of spin off of sandstorm metals and energy. if that were the case, the stock peaked way too soon on april 9 at 91 cents. (more below).
The decline can't be tied to the POG, which is holding up brilliantly.
i would hope the decline has nothing to do with execution of their game plan. First cash flow should not be accruing for SSL from luna gold's aurizona project in brazil.
here is the latest on that, dated may 21. note that luna was running on diesel generators as it commissioned the plant, supposedly in the last few days. they were expecting a hookup to the major power line during june.
lunagold.com
May 21, 2010
Luna Gold Announces Full Process Commissioning And Commencement Of Gold Production At Its Aurizona Gold Project
Vancouver, May 21, 2010 - Luna Gold Corp. (TSXV-LGC) ("Luna" or the "Company") is pleased to announce that commissioning of the Aurizona gravity circuit, as described in our press release of March 1 2010, has been completed and gold for refining is being produced from that part of the plant. The carbon-in-leach ("CIL") plant and ancillary facilities are also substantially completed, including duty performance testing. The complete plant is expected to pass to operations, for full process commissioning, early next week. Work continues on the 69kV power line with expected completion in June. Meanwhile, the plant will continue to operate with the Company's diesel generators.
Luna's CEO, Jim Bahan, comments, "The significant milestone of gold production has been achieved at Aurizona. We are very pleased at the quick evolution of Luna Gold from an exploration company to producer status. Site preparation of Aurizona began in August 2009 and 9 months later we were pouring gold. We look forward to full commercial production in the near future. The milling plant is already working close to feasibility study expectations despite having only two of the three ball mills in operation. The prospects are good for a significant increase in the plant throughput rate once the plant has been fully commissioned and optimized. As of today, over 600 ounces of gold have been produced."
my thought on Luna progress maybe somebody needs to call SSL and ask if brazil is on time?
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Sandstorm did not make it abundantly clear what the date of record was for the spinoff of SND. Shareholders meeting approved it on april 30. then they said they got B.C. court approval May 4 and that it would start trading as a separate stock on May 13. So if you take april 30, the stock fell apart 20 days too soon.
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And here is the price data on SSL. It peaked April 9 and really fell apart before it should have if the spinoff was the only reason.
Historical Prices for SSL
Date Open High Low Close Volume Adj Close*
Jun 4, 2010 0.66 0.69 0.66 0.68 100,700 0.68
Jun 3, 2010 0.69 0.69 0.65 0.68 43,500 0.68
Jun 2, 2010 0.70 0.70 0.63 0.70 224,400 0.70
Jun 1, 2010 0.68 0.71 0.68 0.68 165,500 0.68
May 31, 2010 0.70 0.70 0.70 0.70 1,000 0.70
May 28, 2010 0.72 0.75 0.68 0.68 142,700 0.68
May 27, 2010 0.77 0.80 0.69 0.77 312,400 0.77
May 26, 2010 0.74 0.77 0.72 0.75 240,200 0.75
May 25, 2010 0.65 0.71 0.63 0.70 337,300 0.70
May 21, 2010 0.60 0.67 0.60 0.65 437,100 0.65
May 20, 2010 0.67 0.67 0.59 0.63 804,500 0.63
May 19, 2010 0.78 0.78 0.66 0.67 573,100 0.67
May 18, 2010 0.79 0.79 0.76 0.76 66,900 0.76
May 17, 2010 0.80 0.80 0.75 0.79 173,300 0.79
May 14, 2010 0.79 0.79 0.76 0.79 209,300 0.79
May 13, 2010 0.80 0.81 0.75 0.79 165,100 0.79
May 12, 2010 0.80 0.83 0.80 0.81 356,800 0.81
May 11, 2010 0.78 0.79 0.76 0.78 733,700 0.78
May 10, 2010 0.72 0.77 0.72 0.77 197,500 0.77
May 7, 2010 0.71 0.76 0.71 0.72 95,600 0.72
May 6, 2010 0.77 0.77 0.70 0.70 1,422,700 0.70
May 5, 2010 0.77 0.78 0.71 0.74 3,728,600 0.74
May 4, 2010 0.79 0.79 0.77 0.77 2,547,700 0.77
May 3, 2010 0.80 0.80 0.78 0.79 793,500 0.79
Apr 30, 2010 0.79 0.79 0.78 0.79 266,500 0.79
Apr 29, 2010 0.78 0.79 0.78 0.79 139,600 0.79
Apr 28, 2010 0.75 0.79 0.75 0.78 501,300 0.78
Apr 27, 2010 0.81 0.81 0.75 0.77 19,417,300 0.77
Apr 26, 2010 0.83 0.83 0.79 0.81 587,500 0.81
Apr 23, 2010 0.86 0.86 0.83 0.84 643,100 0.84
Apr 22, 2010 0.85 0.88 0.84 0.87 270,900 0.87
Apr 21, 2010 0.89 0.90 0.86 0.88 454,300 0.88
Apr 20, 2010 0.87 0.90 0.87 0.90 238,300 0.90
Apr 19, 2010 0.87 0.89 0.85 0.87 1,796,200 0.87
Apr 16, 2010 0.90 0.90 0.85 0.89 284,600 0.89
Apr 15, 2010 0.90 0.90 0.88 0.90 144,900 0.90
Apr 14, 2010 0.89 0.90 0.85 0.89 189,100 0.89
Apr 13, 2010 0.92 0.92 0.85 0.90 436,100 0.90
Apr 12, 2010 0.95 0.95 0.90 0.91 334,700 0.91
Apr 9, 2010 0.90 0.95 0.89 0.94 1,360,800 0.94
Apr 8, 2010 0.90 0.91 0.88 0.90 199,300 0.90
Apr 7, 2010 0.90 0.94 0.89 0.90 455,900 0.90
Apr 6, 2010 0.90 0.91 0.89 0.90 350,200 0.90
Apr 5, 2010 0.90 0.92 0.88 0.90 1,108,400 0.90
Apr 1, 2010 0.83 0.88 0.83 0.86 550,000 0.86
Mar 31, 2010 0.80 0.83 0.80 0.83 211,400 0.83
Mar 30, 2010 0.83 0.83 0.80 0.80 491,400 0.80
Mar 29, 2010 0.84 0.86 0.81 0.81 532,100 0.81
Mar 26, 2010 0.80 0.97 0.78 0.79 831,900 0.79
Mar 25, 2010 0.77 0.80 0.76 0.78 229,100 0.78
Mar 24, 2010 0.74 0.75 0.74 0.75 88,700 0.75
Mar 23, 2010 0.75 0.75 0.73 0.75 83,200 0.75
Mar 22, 2010 0.75 0.75 0.73 0.73 150,100 0.73
Mar 19, 2010 0.77 0.77 0.74 0.75 136,700 0.75
Mar 18, 2010 0.77 0.80 0.76 0.77 279,900 0.77
Mar 17, 2010 0.73 0.77 0.73 0.77 522,400 0.77
Mar 16, 2010 0.69 0.73 0.68 0.72 643,900 0.72
Mar 15, 2010 0.64 0.69 0.64 0.69 563,600 0.69
Mar 12, 2010 0.64 0.64 0.62 0.63 57,300 0.63
Mar 11, 2010 0.63 0.64 0.63 0.63 187,700 0.63
Mar 10, 2010 0.64 0.65 0.63 0.64 127,400 0.64
Mar 9, 2010 0.64 0.65 0.62 0.64 114,200 0.64
Mar 8, 2010 0.63 0.65 0.63 0.64 210,900 0.64
Mar 5, 2010 0.64 0.65 0.63 0.64 678,000 0.64
Mar 4, 2010 0.63 0.63 0.62 0.63 330,900 0.63
Mar 3, 2010 0.64 0.64 0.61 0.63 88,000 0.63
* Close price adjusted for dividends and splits. |
