Sandstorm Gold Ltd (SAND)

[investor15]

SND – 34 Year Old Sandstorm Metals & Energy CEO Nolan Watson Buys $50K Worth Of His Own Shares

POSTED ON SEPTEMBER 18, 2013
BY TOMMY HUMPHREYS


This week 34 year old Sandstorm Gold (NYSE:SAND) CEO Nolan Watson bought approximately $50,000 worth of his Sandstorm Metals and Energy stock in the open market, according to INK Research, bringing his total ownership of the Sandstorm Gold spinoff to 159,399 shares, or approximately half of one percent of the company.

Last September, Nolan and I spoke on the subject of insider ownership in mining deals. He told me, “Where we’ve found we’ve had the most success is with mining companies where the management owns a lot of the actual stock. If management owns a lot of stock they feel the pain of diluting themselves through an equity issuance.”

Investors in SND believe in Nolan and wish he owned more of the stock.

SND Chart

Sandstorm Gold has still been a strong performer:


Here’s our interview from last September:

http://ceo.ca/snd-34-year-old-sandstorm-metals-energy-ceo-nolan-watson-buys-50k-worth-of-his-own-shares/