Opinions Jon Case
Sandstorm Gold Ltd.SSL.TOBUYMay 30, 2014
Jon CaseStock 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
A gold streaming company where they buy gold from the producers at a prefixed price. Good management team. Low risk asset base. Tripped up when one investment went bankrupt. This company ended up owning the mine. Good asset if the mine actually works. Caused some investors to exit. Doubts they will plan to operate this mine, and will hopefully sell it to someone who will put it back into production. They need to do a very strong low risk deal, and restore some of the confidence in the marketplace. Trading at close to 1X what it is worth, and the free cash flow is 6%-7%.