Well, did I told you AboveAverageOdds had a great analysis on Sandstorm? Of course I did. If you do not remember, you may get the link here. AAO followers post great comments and Ryan even posted this pearl in the comments following an answer from the Investor Relation department of Sandstorm:
“ALL of the deals that SND has completed are FULLY SECURED LOANS with full legal recourse upon default/bankruptcy on ALL assets of the recipient companies AND we have complete upside on the revenue streams of the specific assets covered by the agreements once the initial loans are repaid.”
Get to AAO to read the complete comment.
Disclosure : Author is long SND.