Sandstorm Gold May Be Preparing For An Acquisition [Seeking Alpha]
Maverix Metals Inc. Common Shares (MMX)
Company Research
Source: Seeking Alpha
Summary Sandstorm recently amended its revolving credit facility to include an accordion feature to increase it $75 million to $300 million. Sandstorm has been somewhat quiet since buying a gold stream from Americas Silver back in April, and its rival Maverix Metals just bought a large royalty portfolio. I break down this recent news and give my thoughts on the stock. Sandstorm December Update Sandstorm ( SAND $225 million I believe this could mean that Sandstorm is gearing up for a new royalty/stream acquisition (or two), especially following the news that Maverix Metals ( MMX KGC Sandstorm also recently provided a positive update Here's a breakdown of this recent news at Sandstorm . Sandstorm's Firepower Is Growing (Sandstorm's available capital is impressive. Credit: Sandstorm presentation). Sandstorm can now technically borrow up to $300 million from its revolver, minus any debt outstanding. Any draws on the line of credit are subject to interest at LIBOR plus 1.875% to 3.0% p
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