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Win us with honest trifles

Mining PRs and the Ottotrans™, Part 112

It’s back again! Our occasional series steps forward in the hope that Ottotrans can help us understand the NR out of Sandstorm Gold (SAND) (SSL.to) this afternoon.

THIS IS WHAT THEY WROTE:

“At Sandstorm, we’ve built a globally diversified royalty and streaming portfolio comprised of low-cost assets generating significant cash flow,” stated Nolan Watson, President & CEO. “We are very pleased that Sandstorm is able to sustainably support a dividend program while maintaining a competitive industry position that enables the continued growth of our asset base—both for the benefit of shareholders.”

AND THIS IS WHAT IT MEANS:

“At Sandstorm, we’ve been resting on the laurels of our streaming portfolio comprised of low-cost assets generating significant cash flow for too long,” stated Nolan Watson, President & CEO. “We haven’t closed a decent deal in years, there’s nothing better to do with the money and the current buyback program isn’t moving the stock, so we are very pleased that Sandstorm is able to sustainably support a dividend program and make you shareholders pay more to the taxman. But that’s your problem, we’re maintaining a lazy industry position that enables the continued inertia of our asset base. For the benefit of shareholders.”

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