After a lot of deliberation I've decided to close down Sandstorm.

This was done by:

1) Liquidating all assets
2) buying back my own 40,000 shares for 0 BTC
3) Buying back 60,000 public shares for .0008963 each

.0008963 correlates with last weeks NAV of 89.63. The value of the liquidated assets was considerably lower than last weeks NAV(before btct.co announcement) hence why I bought back my own shares for nothing.


After the btct.co announcement, Sandstorms NAV took a significant hit. It would be very difficult to recover the fund to anything close to IPO value whilst maintaining 1% dividends. The fund was turning into a value destroying operation. It is fair to say at this stage that the fund was a failure.

Overall the fund still came out positive due to ending on a pre btct.co announcement value.

From a 100BTC IPO. Shares were bought back for 89.63BTC(theoretical) +25.845BTC dividends =115.475

I'm aware that still is no consolation for those who bought above the IPO price. If its any consolation please be aware that I've personally taken a big loss from this.
 
Other personal reasons have also contributed to this closure.

No one was informed of the Sandstorm share buyback before it occurred.