Wednesday, February 27, 2013
On Sandstorm and Mongolia
Sandstorm Gold is one of the companies that took a massive dive last week on news that the Mongolian government is screwing over Entree Gold.
I'm not particularly worried. From my knowledge of how Nolan Watson operates (via the Sandstorm Metals and Energy resurrection last year), SSL's money has not vanished down a black hole. Their contracts are wicked nasty: essentially, you're putting your whole company up as collateral.
Nolan Watson always wins.
What I'm wondering is if maybe this dive is a result of their August financing - did it have a 6-month hold? Where can I find this info?