SSL International Share Discussion Threads

[jimbowen30] 17/6/2014 13:42

Another good article...



Share price has jumped from around $5.50 to $6.75 in the last week.

[jimbowen30] 05/5/2014 12:48

Good article on Sandstorm's takeover of sister company - Sandstorm metals and energy. Makes sense IMO

[rrr] 22/4/2014 21:29

Thanks Jim. I like that his philanthropy has started already.

[terry toons] 15/3/2014 10:03

above average buying
above average increase

maybe we are getting noticed

[jimbowen30] 13/3/2014 09:29

Big move up yesterday after the results.

I guess the next stream will be close to production and probably in Canada....

[terry toons] 03/3/2014 09:40

so which companies is he looking at?

I'm still in...but this share seems somewhat volatile...

[jimbowen30] 26/2/2014 12:40

Interview with Nolan Watson...a good listen and only 4 minutes



Sandstorm have $350m to invest and are currently looking at potential projects. The sentiment towards the sector is definitely improving....

[terry toons] 25/2/2014 10:06

yes, many thanks Jim

[rrr] 24/2/2014 20:56

Thanks Jim.

[jimbowen30] 24/2/2014 16:43

Big upgrade today...

50% Increase in Price Target
by RBC. Up from $6.00 to $9.00. GLTA

Company Profile

Sandstorm Gold is a streaming/royalty company with a portfolio of precious metal streams and royalties. The company has built its existing portfolio through the acquisition of streams on smaller scale projects, opportunities which tend to be overlooked by its larger streaming/royalty peers. Sandstorm Gold's shares are listed on the Toronto Stock Exchange and NYSE MKT under the symbols "SSL" and "SAND," respectively.

Investment Rationale

Niche player in the streaming space: By focusing on smaller opportunities typically overlooked by its larger peers, Sandstorm has been able to create long-term value for investors through accretive acquisitions.In the midst of a key growth phase: With a number of new streams/royalties expected to come into production over the next few years as well as likely expansions at existing streams, Sandstorm offers strong growth potential with a three-year CAGR of 13% between 2013E and 2016E.Protected from inflationary pressures: Unlike its producing peers, the streaming/royalty model provides Sandstorm with a greater certainty on operating and capital costs. This in turn provides greater dollar-for-dollar leverage than the company's producing peers.Well positioned to pursue accretive growth: With a well funded balance sheet and an un-drawn credit facility of $100 million, we believe Sandstorm is well positioned to pursue accretive growth opportunities within the current market place, albeit at a measured pace.Potential Catalysts and Share Price Drivers Arizona expansion: Although Luna Gold is currently expanding its Arizona mine, we believe ongoing exploration success could warrant a further expansion.Accretive acquisitions: If Sandstorm can make accretive acquisitions,we believe the company's share price should benefit from underlying value creation and a potential rerating toward its larger peers.Exploration: Exploration success at the assets underlying the company's streams could lead to mine-life extensions or expanded operations at no additional cost to Sandstorm.Risks to Valuation Gold price weakness: In our view, the greatest threat to Sandstorm's
hare price performance would be a decline in the gold price, considering its high trading leverage and risk to operations underlying its streams.Operational risk: Despite having a diversified portfolio, any challenges at the operations/projects underlying its streams could adversely impact the company's
earnings, cash flow, and share price.Financial back-stop to Sandstorm Metals & Energy: We believe further use of Sandstorm to back-stop streaming deals for Sandstorm Metals & Energy could weigh on investor sentiment.

Valuation

We value Sandstorm on a hybrid (50/50) P/NAV and P/CF methodology. Applying a 1.5x multiple to our NAVPS and a 25x multiple to the company's 12-month CFPS, we derive our C$9 price target. The multiples used to value Sandstorm are at significant premium to its Tier II and III producing peers but at a discount to its larger royalty/streaming peers. The discount relative to its royalty/streaming peers represents a higher degree of operational risk at the mines which underlie the company's streams as well as higher all-in sustaining costs. The premium relative to its producing peers represents the company's fixed and low cost structure, lack of ongoing capital requirements, strong balance sheet and underlying free cash flow potential.

Price Target Impediments

Impediments to our price target include fluctuations in the price of gold, as well as operational and/or geopolitical challenges at the operations underlying the company's precious metal streams.

[jimbowen30] 05/2/2014 14:50

Good commentary on Sandstorm

hxxp://seekingalpha.com/article/1989971-will-sandstorm-gold-rebound-in-2014?source=email_rt_article_readmore

[jimbowen30] 23/1/2014 20:55

New presentation:

hxxp://www.sandstormgold.com/_resources/SSL-Presentation.pdf

Forecast gold production +25% in next two years and 35% fall in expenses in 2014

[jimbowen30] 16/1/2014 14:49

Nice rise today. Looks like Sandstorm might have seen the bottom

[jimbowen30] 13/11/2013 23:26

The real state of global gold demand

hxxp://commodityshares.net/world-gold-supply-and-demand/

[jimbowen30] 11/11/2013 14:01

Another good article

hxxp://seekingalpha.com/article/1827772-sandstorm-gold-expect-a-70-production-growth-in-3-years?source=email_rt_article_readmore

[jimbowen30] 04/11/2013 21:46

hxxp://seekingalpha.com/article/1801112-why-im-expecting-a-record-quarter-from-sandstorm-gold?source=email_rt_article_readmore

[jimbowen30] 03/11/2013 20:35

Another interview with Nolan Watson

[terry toons] 03/11/2013 15:14

I used to hold AUE but decided to get out because they were based in Africa.

At the moment I'm waiting for the turnaround in gold.

At the end of the day I still think TPTB will have to inflate. It is the easy option...go tell the electorate that stealing anything they have in the bank over £85k will have to be supplemented by a wealth tax of 10% on the rest, means death to any UK Govt that proposes such actions.

Really hitting the middle classes with such unwarranted tax hikes, to save the banks is political suicide. The UK can just print the money.

[jimbowen30] 01/11/2013 11:40

Terry - SSL is my largest gold holding by far but also hold CEY and MML.

I would have a look at AUE (developer with high grade deposit in Liberia) and STI (multiple projects, cash rich and partners funding good chunk of exploration). I hold both

[terry toons] 01/11/2013 10:42

JB

Good interview...plus good plug for the Outsiders, which is a good read, although not as good as Jesse Livermore.

I can't think of many better companies at the moment apart from FR, MML and CEY.

I thought a lot of us got badly caught out by not taking into account the criminality of the FED...

[jimbowen30] 31/10/2013 22:06

No problem rrr. I sound like a broken record, but it's the best gold investment around....especially at this price!

Here's a good article on streamers/royalty companies...

hxxp://seekingalpha.com/article/1725372-battle-of-the-gold-royalty-companies-part-ii?source=feed_f

[rrr] 31/10/2013 21:56

I just watched them both, thanks very much Jim. I thought they were very interesting. He comes over well, gives one great confidence! Maybe I should buy some more Sandstorm.

May I suggest would be worth posting on Chip's gold comparison thread

rrr

[jimbowen30] 31/10/2013 21:22

New videos starring Nolan



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