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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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