From a couple weeks ago. SMF

Roulston says why to buy Sandstorm Gold

2014-05-05 20:38 ET - In the News

Lawrence Roulston, in the April 28, 2014, edition of Resource Opportunities, tells readers why to buy Sandstorm Gold Ltd., recently $5.95. Mr. Roulston said buy on Dec. 9, 2009, at 46.5 cents. A $1,000 investment then is now worth $12,792. Sandstorm Gold has agreed to buy its sister company, Sandstorm Metals and Energy. The latter was spun out of the former four years ago to focus on royalties and streaming deals unrelated to precious metals. Management split its time between the two companies. Now that they are coming together again, the sole focus will be precious metals. Sandstorm Gold will still benefit from Sandstorm Metal's existing portfolio, which currently provides about $4-million a year in royalty revenue and also includes royalties on three advanced-stage projects that should start generating income soon. Another benefit of Sandstorm Gold, says Mr. Roulston, is that it has plenty of money. It has no debt and $110-million in cash, with the cash balance including $30-million raised through a recent warrant exercise. Some investors sold their shares shortly after exercising their warrants, pushing the share price down. Mr. Roulston recommends taking advantage of this "attractive buying opportunity."