STTYF dropped 25% on 7/15/13 on no published STTYF news. I received the Sandstorm press release at 6.44 am on 7/16/13- the day after the selling that was 6+ times normal volume.
Worst case: insider trading
Best case: Sandstorm too sloppy to publish release same day as selling on news by COLUF.
First, we get the dumb reverse split decision. I said at the time the danger was falling price after the split and that is what we got. It was definitely not the time for an RS.
Watson and team just cannot get their act together.
Colossus (COLUF) in Brazil reported water problems in their mine and a delay in production. The mine lost 50% of its value on viability concerns and Sandstorm has a streaming agreement there that they were depending on to create cash flow this year. This was a strong project, so the new uncertainty probably makes the market concerned for what else might be going on under the hood given the weakness in mining generally. Always the question of whether to double down or just wait and hope.