Opinions Michael Giordano
Sandstorm Gold Ltd.SSL.TOCOMMENTApr 08, 2013
Stock price when the opinion was issued
As of Oct 21, 2025. Market Open.
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Mistakes in capital deployment were made about 3 years ago. Believes Turkiye mine will go into production, and cashflow will really change this company. Now using FCF to pay down debt rapidly. Either share price goes up, or company is taken over.
Rick RuleOwns shares in company. Would recommend holding. Free cash flow is expanding. Debt a small concern, but not worth noting.
Rick RuleHe recently upgraded to Buy. He'd been concerned about capital allocation strategy, mainly doing equity financing to buy back shares at high prices. These concerns have largely passed. Cashflow from Turkish operations will begin to come through and have a potentially transforming effect. Malaise has passed, it's back in business.
Disappointed in capital allocation recently.
Recent issuance of stock below price of latest buybacks.
Nevertheless, has been buying shares.
Will continue to own.
Expecting cash flow from Turkish assets soon.
Rick RuleRick RuleRick Rule
Jaime CarrascoJaime CarrascoThe analysts are very slow to raising their earnings forecasts with the price of gold. The rebound in earnings in some of these companies will be really something. He likes the producers as opposed to the commodity. Producers give you leverage due to the fast rising earnings. He likes the Juniors as well as ABX-T.
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Jaime CarrascoRick Rule
Joe Mazumdar
Sandstorm Gold (SSL-T) or Silver Wheaton (SLW-T)? Depends on your risk profile. This one is a smaller cap royalty play and with Silver Wheaton, you are really going with a larger cap that plays with the bigger companies.. Sandstorm is a lot riskier as their royalty deals are more with the junior mining companies.