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Sandspring Resources Ltd V.SSP

Sector: Metals & Mining | Sub-Sector: Gold
Alternate Symbol(s):  SSPXF

Sandspring Resources Ltd is a mineral exploration company. The Company is engaged in the exploration for, and resource expansion of, gold and related minerals of in Guyana, South America.
Price: $0.125 | Change: $-0.005 | %Change: -3.85%
Volume: 45,900 | Day High/Low: 0.13/0.12 | 52 Week High/Low: 0.315/0.065
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0 stars

To: Pandora

Great.  I guess what I am wondering, once they issue 1 new share for 3 existing shares, reverse split, hopefully it will increase the price per share.  And what timeframe are they looking at this...read more
0 stars

RE:RE:RE:RE:Frank Giustra

2015 t0-date there has been virtually no trading in PNO shares. A few here and a few there but nothing to equate to anything. No insider buys or sells in the last 6 months. Some options were handed...read more
0 stars

RE:RE:RE:RE:RE:Re : Giustra

The easy way to understand this is the statement (in the NR) that Sandpsring shareholders will own 61% of the post-consolidation shares. It follows that 39% will be held by PNO shareholders (including...read more
0 stars

RE:RE:RE:RE:Re : Giustra

I am failing to see how PNO picks up 39%?  How are you coming up with this number?  From the NR, I am reading they will pick up around 15.7%.  rate and reply
0 stars

To Winter & Pandora if you are out there.

I agree.  I sent an email to investor relations questioning just that, what did they bring to the table along with why Silver Wheaton has all of Sandsprings assests as collateral if they get a % of...read more
0 stars

RE:RE:RE:Re : Giustra

PNO brings $3.5 million plus $1.8 million on balance sheet amd picks up 39% of SSP. That's less than 10 cents pre-consoldiation. Does PNO have any other assets to bring to the table besides Giustra's...read more
1 star

RE:RE:Re : Giustra

well dude hes not a rainmaker if gold prices crashed and stayed depressed we'd be screwed too  rate and reply
0 stars

RE:Re : Giustra

lemooseman1 wrote: Giustra has made a billion from the mining industry . G didn't make it by being a nice guy. When G gets in charge he will get rid of the yo yo s with SSp who are spending all the...read more
0 stars

RE:Re : Giustra

Just remember (from F.G.): “I like to focus on something and make sure it’s worth my while. Wheaton River was the same idea; a great management team with nothing when we started.” Wheaton River...read more
0 stars

Re : Giustra

Giustra has made a billion from the mining industry . G didn't make it by being a nice guy. When G gets in charge he will get rid of the yo yo s with SSp who are spending all the money on admin and...read more
0 stars

RE:RE:RE:Frank Giustra

IMO, $0.06 per share less the benefit they will derive from the attractively priced warrants (which stands to negate the investment and much more) is way too cheap. Is the market so bad that they...read more
0 stars

RE:RE:RE:Frank Giustra

Also, all should also consider that the insiders are taking the same dilution... I am sure they have pondered this option very carefully before doing it...  orepass  rate and reply
0 stars

RE:RE:Frank Giustra

The amount of cash raised is $5.3 million because PNO already has $1.8 million on hand.... They are basically issuing 90,000,000 shares (pre-consolidation) shares for that which translates into about ...read more
0 stars

RE: shafted

Agree.  rate and reply
0 stars

RE:Frank Giustra

It's difficult to believe that there wasn't a cheaper and more straightforward option available to raise a measly $3.5 million. Right from the get go Sandpring is giving up 39% of the existing company...read more
0 stars

shafted

As a long time shareholder I feel like I have been shafted by the big and the covetous. The exchanges don't check on these things and have a tendency to turn a blind eye to some people . Where is...read more
1 star

RE:Sandspring

I own both. hoping the tme new oban deal goes through. should be good times ahead for ssp and tme shareholders!  rate and reply
0 stars

The phoenix will rise...

Smart money coming in at the bottom... Don't be left behind... This is transformational and a great deal for those who buy now... orepass  rate and reply
0 stars

Frank Giustra

I was initially pissed at the consolidation of shares but having billionaire Frank Giustra backing this deal and project (and likely sitting on the board!) gives this this project a new lease on life...read more
1 star

first close over the 200dma is a year!

breakout!  rate and reply