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Gold/Mining/Energy : Sandstorm Gold
SAND 12.120.0%Oct 24 9:44 AM EST
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To: TheSlowLane who wrote (307)10/5/2010 4:55:09 PM
From: Amark$p  Read Replies (1) of 1133
 
Something along the lines of how stupid are you... What in the heck do they need the cash for above $15M for Rambler...?

$.73 with a 1/4 warrant for 5 years...? not exactly shareholder friendly.

SSL getting the royal screw by Bay Street. At most, SSL needed $15M and that assumes SSL not cash flow positive:

"Sandstorm will now remit the second deposit of $2,000,000 to Rambler. The third deposit of $13,000,000 is due upon award
of all key permits to construct the Ming Mine, which is anticipated by year-end."
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