Sandstorm Gold* (SSL : TSX : $12.15), Net Change: 0.25, % Change: 2.10%, Volume: 228,169

 

Premier Royalty* (NSR : TSX : $1.99), Net Change: 0.03, % Change: 1.53%, Volume: 357,834

 

Why wouldn't you?

 

 

 

Sandstorm announced that it has acquired an additional 11 million common shares of Premier Royalty for

 

cash at an average price of $1.98 per share. SSL now owns 46,678,221 shares, or approximately 59.9% of the currently issued

 

and outstanding shares of NSR. From discussions with management, we understand these share acquisitions have more to do

 

with improving the company's strategic position in the royalty space and should allow Sandstorm to focus on larger potential

 

transactions with the goal of participating in smaller royalty deals through NSR. Canaccord Genuity Mining Analyst Nicholas

 

Campbell does not like the implied valuation that SSL is paying to acquire the shares of NSR. That said, he is inclined to give

 

Nolan Watson, President and CEO of SSL, the benefit of the doubt given the track record of his team at SSL. Whether or not

 

these acquisitions work in best interest of SSL shareholders should be demonstrated over the next 12-24 months.