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Gold/Mining/Energy : Sandstorm Gold

SAND 12.12

0.0%

Oct 24 9:44 AM EST

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To: onepath who wrote (519)	8/30/2011 2:13:53 PM
From: kidl	of 1133

I'll stay with the SND shares. On another note ... Royal Coal, one of the SND streams, just came out with their Q2. They better hope that coal prices stay high. http://www.marketwire.com/press-release/royal-coal-announces-financial-and-operating-q2-2011-results-tsx-venture-rda-1554841.htm One interesting point ... SND has now turned into a loan shark LOL: “On August 15, 2011, the Company acquired the Charlene rail load-out facility (the "Charlene Load Out"), which was previously leased by the Company since October 2009. The total purchase price for the Charlene Load Out was US$5.5 million. Sandstorm Metals & Energy (US) Inc. provided a $3 million bridge loan to partially fund the purchase of the Charlene rail load-out facility. This $3 million bridge loan bears interest at 15% per annum, and matures 120 days from the date of the loan agreement, or December 12, 2011. Sandstorm Metals & Energy (US) Inc. holds a senior, secured first priority charge on the Charlene Load-Out Facility.”

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