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Gold/Mining/Energy : Sandstorm Gold

SAND 12.12

0.0%

Oct 24 9:30 AM EST

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To: TheSlowLane who wrote (344)	10/23/2010 1:10:34 PM
From: onepath	Read Replies (2) of 1133

The only material change for SSL was the 57.5 million bought deal......73c for 1 share pus 1/4 of a new WT..the "A.WT" At Friday,s close of .66(SSL) and 1/4 of .27(SSL.WT.A).0675 = .72 3/4c which puts everyone who got in on the bought deal dead even and also anyone who never got in can buy market and now have it. So the arbitrage play from the financing is gone,,,,,the only part still out of whack is the reg. WT which is still over valued in relation to SSL & SSL.WT.A. My take is SSL & SSL.WT.A. are buys at this level and we have seen the low for SSL.....and i agree with PP that holders of SSL.WT might consider selling some and buying the new "A" or just SSL. Coming catalyst could be does mgmt. have a deal in the works for the 57.5 mil.? I would like to think so.....any market weakness right now works in favor of any deal SSL is contemplating which should also mean SSL with its cash should hold up better in any short term market correction.

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