Sandstorm Gold Royalty Update - Jimmy Connor and David Awram

Jimmy Connor and David Awram discuss the latest at Sandstorm Gold and why the underperformance.
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[@BloorStreetCapital]

Thanks for joining our KZbin Premier for Sandstorm Gold Royalties. Don't forget to Subscribe to our channel and leave a Comment below. Thanks for your support!

[@reggieduquesnoy]

The most enticing royalty co in the sector, whether or its own or as a take over!

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Reggie and the ongoing support! It SAND keeps trading at this valuation, it will get acquired.

[@artrahman169]

​@@BloorStreetCapitalnot if we have any say in the matter.. some of us have been invested for over a decade and are aiming to reap rewards for more decades.

[@patricklafontaine137]

I would like to see Victoria Gold. Management has been very elusive. I understand they have a lot going on but when shareholders loose 80% in a day they owe us an update, so far zero communication.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Patrick! The Vic Gold is a very unfortunate incident. The company has been very quiet since the initial press release on June the 24th. I'm assuming it is for legal reasons.

[@JamieDupont-tj5lx]

Bring on Franco. No comments from mgt since Cobre Panama disaster

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Jamie! I have reached out to Franco a few times but timing didn't work.

[@goldismoney5899]

END THE FED. Gold IS money.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Nothing better than gold in your hand!

[@bullishforgold8790]

Sandstorm has been a perennial underperformer for a multitude of reasons but primary one is Hod Maden, nothing short of a disaster. Just sell it already. Another point, why waste capital on buybacks and dividends? Priority should be eliminating debt.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! I agree, priority should always be toward debt reduction.

[@WallStForMainSt]

Which is why they bought Nomad Royalty. Last time I checked past performance doesn't predict future performance. A lot of quality royalties and streams are coming online each year through 2029 that are already paid for other than Mara

[@Gio-ue8ps]

@@WallStForMainStI agree. Sandstorm took a disciplined approach. Sacrifice the present for the future. They made a lot of good investments at already very cheap metal prices. Once all of these streams come online I think this company can go up 10x over the coming decade especially if metals prices cooperate. They’re paying off debt while doing buybacks at the same time.

[@artrahman169]

Half the reward for watching sandstorm vids is getting to see Jason wading in.. thanks man!

[@artrahman169]

Apparently after buying back a lot of shares they then issued a lot at a lower price to facilitate buying nomad for growth...naturally this p1$$ed off many, BUT remember management are far more heavily invested in SAND than most complainers, and for far longer. So, short term pain but long term gain would be the only reason Nolan would have gone ahead with it. And now gold has finally broken it's chains and come out of the massive cup and handle. #Hodl

[@Gio-ue8ps]

I’m balls deep in sand.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment! I'm with you, though it hasn't worked out too well.

[@jimallen833]

Equities trade at a discount for a reason.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Jim and yes you are right on that!

[@slickwillie4535]

Well sandstorm will report tomorrow that the debt is down to 380 million which is 14% lower than their last quarter. That’s a lot. Keep paying the debt, pay me a little bit on the way and buy back those shares. The triumvirate!

[@BloorStreetCapital]

So much to like about Sandstorm. If it continues to trade down here, it will get acquired.

[@steveg4334]

Just sold my shares couple of weeks ago. That money has jumped since I bought something else.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Steve and for taking the time to view our content!