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Sandspring Res./ SSP.v - 18% owned by GCM.t

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Sandspring Res./ SSP.v - 18% owned by GCM.t

SSP,v -vs-GCM.t .... update / Last: $0.16, UNCH., vs. $3.72 + 0.36

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RATIOS : SSP is just 4.34% pf GCM's price

DATE=C$: GCM.t Wt.B : Vol.  : Ratio: ITM-$: TimeV: %IV :  %442/ SSP.v : %Gcm
09/06/18: $2.16: 0.710, 00.0k : 32.9%: 0.000: 0.710 : 0.00%, 48.9/ $0.240, 11.1%
09/28/18: $2.25: 0.970, 00.0k : 43.1%: 0.040: 0.930 : 4.12%,  50.9/ $0.240, 10.7%
10/31/18: $2.32: 0.910, 66.8k : 39.2%: 0.110: 0.820 : 12.1%, 52.2/ $0.215, 9.27%
11/30/18: $2.53: 1.280, 22.1k : 50.6%: 0.320: 0.960 : 25.0%, 57.2/ $0.180, 7.11%
12/31/18: $2.82: 1.400, 00.8k : 49.6%: 0.610: 0.790 : 43.5%, 63.8/ $0.245, 8.69%
01/28/19: $3.36: 1.630, 26.7k : 48.5% : 1.150: 0.480 : 70.6%, 76.1/ $0.290, 8.63%
02/19/19: $4.42: $2.42, 69.4k : 56.8% : 2.210: 0.210 : 91.3%, 100./ $0.295, 6.67%: wt.High Close !
02/28/19: $4.40: $2.41, 15.9k : 54.7% : 2.200: 0.210 : 91.3%, 99.6/ $0.265, 6.02%
03/29/19: $3.67: $1.80, 30.5k : 49.0% : 1.440: 0.360 : 80.0%, 83.0/ $0.230, 6.27%
04/30/19: $3.34: $1.70, 12.3k : 50.9% : 1.130: 0.570 : 66.5%, 75.6/ $0.170, 5.09%
05/13/19: $3.31: $1.67, 08.5k : 50.5% : 1.100: 0.570 : 65.8%, 74.9/ $0.160, 4.83%
05/16/19: $3.69: $1.95, 08.1k : 52.8% : 1.480: 0.470 : 75.9%, 83.5/ $0.160, 4.34%
===================

SSP.v : All: 10yr : fr.1/2014 : 1/2015 : 5yr : Last: $0.16

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: fr.1/2014 :

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: 1/2015 : 2015-nonLog : 

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Balance Sheet

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Here's what GCM said in its Q1- Press Release yesterday

In February 2019, the Company increased its equity investment in Sandspring Resources Ltd. to approximately 18% and continues to assist Sandspring as it moves toward a feasibility study for its Toroparu Project in the western Guyana gold district and prepares for the eventual commencement of mining operations at the Chicharron Project located within the Company's mining title at Segovia which it acquired in 2018.

> source: https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aGCM-2760199&symbol=GCM&region=C

GCM paid $0.28 for the last shares it bought back in Feb.

No doubt, they think they can help zero in on the Deposit, very near to GCM's own "within the Company's mining title at Segovia"

The market would not have paid GCM for a small deposit - Maybe investors in SSP will value that asset more fully.

So far, they are not

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SSP may be set for a rally (& get pulled up by GCM's strength)

SSP / Sandspring Resources ... since Jan.2015 / Last: $0.16

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Moving UP In Sympathy?

SSP: $0.195 +0.035, +21.9%, on 240,100 shares, so far

GCM had +10% day yesterday. Down 1% at C$3.65 now

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NEWS

 
Date ET Symbol Price Type Headline
2019-06-03 17:20 C:SSP 0.165 News Release Sandspring increases private placement to $4-million
2019-05-30 10:39 C:SSP 0.155 News Release Sandspring arranges $3-million private placement
2019-05-28 17:02 C:SSP 0.165 SEDAR Interim Financial Statements SEDAR Interim Financial Statements
2019-05-28 17:02 C:SSP 0.165 SEDAR MD & A SEDAR MD & A

SANDSPRING RESOURCES INCREASES FULLY-SUBSCRIBED PRIVATE PLACEMENT TO $4 MILLION

Due to strong investor interest, the board of directors of Sandspring Resources Ltd. has approved an increase in the amount of its non-brokered private placement.

The placement has been fully-subscribed and the Company now intends to issue 32,000,000 units (each, a "Unit") at a price Cdn$0.125 per Unit. Each "Unit" consists of one common share and one share purchase warrant entitling the holder to purchase one additional share at Cdn$0.165 for a period of sixty (60) months.

Completion of the private placement remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month-and-one-day statutory hold period.

About Sandspring Resources Ltd.

Sandspring Resources Ltd. is a Canadian junior mining company currently moving toward a feasibility study for the Toroparu Project in Guyana, South America with 7.4 million ounces of gold in the Measured and Indicated categories. A prefeasibility study completed in May 2013 (NI 43-101 Technical Report, Prefeasibility Study, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated May 24, 2013 completed by SRK Consulting (U.S.), Inc., available on SEDAR (www.sedar.com)) outlined the design of an open-pit mine producing more than 200,000 ounces of gold annually over an initial 16-year mine life. Sandspring and Wheaton Precious Metals (formerly known as Silver Wheaton) entered into a precious metals purchase agreement for the Toroparu Project in November of 2013. Sandspring also holds a 100% interest in the Chicharron Gold Project located in the Segovia-Remedios mining district, Antioquia, Colombia. Additional information is available at www.sandspringresources.com or by email at info@sandspringresources.com.

=

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SSP.v / Sand Spring Resources

Some Of The Biggest Resource Opportunities Are HIDDEN In South America - Munson About Gold Breakout

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Sandspring Announces Filing of Preliminary Economic Assessme

Sandspring Announces Filing of Preliminary Economic Assessment Report for Toroparu Project V.SSP |
16 hours ago DENVER and VANCOUVER, British Columbia, July 23

Sandspring Resources Ltd. (TSX Venture: SSP, OTCQX: SSPXF) (“Sandspring”, or the “Company”) is pleased to announce its filing of the Preliminary Economic Assessment Report (the “PEA” or “PEA Report”) for its Toroparu Gold Project in the Mazaruni-Cuyuni District of Guyana (the "Toroparu Project" or “Project”). The PEA Report was prepared in accordance with National Instrument NI43-101 by SRK Consulting (US) Inc. ("SRK") and has been filed on SEDAR and the Company’s website.

The results of the PEA were announced by the Company in its press release (the “June 4 Press Release”) dated June 4, 20191.  SRK concludes in the PEA Report that “Given the positive results of the PEA, SRK recommends that the Toroparu Project be advanced to a feasibility study.  Given the previous studies already conducted on the Project this could be completed within a 6 to 9-month duration.”

The Toroparu Project has been re-scoped to include the Sona Hill satellite deposit, modification of the Project’s processing strategy to start with gold-only production from a Carbon-in-Leach circuit (“CIL”) for the initial ten years, followed by an expansion of the Project in year 11 to add flotation processing capacity and the streaming agreement with Wheaton Precious Metals International.2  The PEA Report summarizes the results of the re-scoping at base case metal prices of US3 $1,300 gold (Au), $16.00 silver (Ag), $3.00 copper (Cu).

The PEA documentation of mining production quantities supercedes and replaces the 2013 Prefeasibility Study (the “2013 PFS”) Statement of Mineral Reserves4.  The PEA is based on exploitation of measured, indicated and inferred mineral resources while the 2013 PFS is based on the exploitation of proven and probable mineral reserves.  Inferred resources from the Mineral Resource Estimate identified in the Company’s September 26, 2018 press release5 comprise 5% of the resources used in the production schedule reported in the PEA.

Rich Munson, CEO, stated, “As we noted in the June 4 Press Release, the re-scoping study supports  the significant changes to the profile of the Toroparu Project that have occurred since the 2013 PFS was issued. As recommended by SRK, we are now working on final feasibility.”

...read more

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I’d not really commented here but that private placement looks like GCM.t just keep getting a cheaper and cheaper stake.

Made me think why bother here, as GCM.t will likely get a boost from anything they do anyway.

Edit: should say I bought a tin6 holding and made  a little profit, just didn’t see why hold at 26c when GCM.t can get in at 20c; nice work if you can get it 😉

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On 8/12/2019 at 11:54 PM, jerpy said:

I’d not really commented here but that private placement looks like GCM.t just keep getting a cheaper and cheaper stake.

Made me think why bother here, as GCM.t will likely get a boost from anything they do anyway.

Edit: should say I bought a tin6 holding and made  a little profit, just didn’t see why hold at 26c when GCM.t can get in at 20c; nice work if you can get it 😉

Well that wasn’t so smart either in hindsight!

What a few days for SSP!! Closed on 32c(18% up on the day Friday).

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Yes. It was a good day for SSP

SSP.v / Sandspring ... fr.2014 : fr.2016 : 6mo / Last: $0.32 + 0.05, +18.32%, vol. 1.52 Million - hi.vol!

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: fr.2016 :

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: 6mo : 12mo /

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My order to SELL at 0.295 got triggered in the recent run up

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