Win us with honest trifles

Sandstorm (SAND) and the magic of capital markets

At the end of 2014, Sandstorm (SSL.to) (SAND) had a market cap of U$400m

At the end of 2021, it had a market cap of U$1.2Bn.


    SSL returns are quite consistently at the bottom of their gold royalty peer group. Any explanations?


      No explanations, only guesses:

      Management cares more about pumping Angel Investor side deals to retail than the well being of SAND (eg TORO.v)?
      C-suite too busy cashing out options to care?
      They bet the farm on Turkey?
      Nolan’s obsession with Entree?

      To paraphrase Bentsen, “Senator, I served with Randy Smallwood. I knew Randy Smallwood. Randy Smallwood was a friend of mine. Senator, you’re no Randy Smallwood.”


    Any thoughts on the Horizon Copper deal? Nolan Watson is Chairman of that company, which raises red flags for me. I don’t believe it was mentioned in the press releases.


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