Friday, November 21, 2014 12:15:28 PM
Some recent analysis from Daniel Earle shows negative impact from SSL.
Sandstorm's quarterly results were a slight positive from Daniel Earle's perspective, with the company reporting higher attributable ounces sold from its royalties and the financial results were roughly in line with both his estimates and consensus.
More important than the Q3/14 financial results, in Daniel Earle's view, was the 2017 guidance cut to 45 koz (down from 60 koz previously), due to the concern at Aurizona; Sandstorm is now assuming no attributable production from Aurizona in 2017.
Additionally, Luna Gold reported its Q3/14 financial results after-market yesterday; the company tightened 2014 guidance again and mining activity will be reduced from February 2015 onwards, according to the company.
Luna also announced all non-essential capital programs have been halted, includes the tailings dam raise, completion of Work Packages 1 and 2 of the Phase 1 expansion and refurbishment of mining equipment.
Daniel Earle has lowered his 12-month target price to C$4.25 from C$6.00 and he maintains his HOLD recommendation.
Recent SSL News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/16/2024 10:04:58 AM
- APPOINTMENT OF THE CHAIRMAN OF THE SASOL LIMITED BOARD, THE LEAD INDEPENDENT DIRECTOR AND CHANGES TO THE SASOL LIMITED BOARD COMMITTEES • PR Newswire (US) • 09/16/2024 07:40:00 AM
- Sandstorm Gold Royalties Reports Portfolio Drilling and Exploration Activity • PR Newswire (US) • 09/12/2024 08:20:00 PM
- Sandstorm Gold Royalties Reports Portfolio Drilling and Exploration Activity • PR Newswire (Canada) • 09/12/2024 08:20:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/06/2024 02:20:13 PM
- PUBLICATION OF SASOL'S ANNUAL REPORT ON FORM 20-F FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024 • PR Newswire (US) • 09/06/2024 02:19:00 PM
- Form 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/06/2024 10:31:07 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/06/2024 10:09:59 AM
- APPOINTMENT OF A COMPANY SECRETARY • PR Newswire (US) • 09/05/2024 12:13:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/04/2024 05:19:25 PM
- SASOL CLARIFIES GREENHOUSE GAS (GHG) REDUCTION TARGET RANGE • PR Newswire (US) • 09/03/2024 06:53:00 AM
- PUBLICATION OF SASOL'S ANNUAL REPORTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024 • PR Newswire (US) • 08/29/2024 07:48:00 AM
- AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2024 • PR Newswire (US) • 08/20/2024 06:08:00 AM
- APPOINTMENT OF CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR • PR Newswire (US) • 08/13/2024 05:32:00 AM
- Starbucks Rises 3%; Disney Unveils New Films and Expansions; Uber CEO Questions Tesla Robotaxi Viability, and More • IH Market News • 08/12/2024 09:46:16 AM
- TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024 AND RETIREMENT OF NON-EXECUTIVE DIRECTOR • PR Newswire (US) • 08/12/2024 06:21:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/30/2024 11:13:21 AM
- SUCCESSFUL CONCLUSION OF THE DECISION OF THE MINISTER OF FORESTRY, FISHERIES AND THE ENVIRONMENT ON SASOL'S APPEAL RELATED TO ITS CLAUSE 12A APPLICATION • PR Newswire (US) • 07/29/2024 05:46:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/24/2024 10:55:25 AM
- PRODUCTION AND SALES METRICS FOR THE YEAR ENDED 30 JUNE 2024 • PR Newswire (US) • 07/22/2024 05:50:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/12/2024 10:36:33 AM
- HIGH COURT AWARDS DAMAGES TO SASOL AGAINST TRANSNET • PR Newswire (US) • 06/20/2024 10:32:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/22/2024 04:09:30 PM
- CHANGES TO SASOL LIMITED BOARD OF DIRECTORS • PR Newswire (US) • 05/21/2024 04:40:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/13/2024 10:08:48 AM
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