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Starcore International Mines Ltd SHVLF


Primary Symbol: T.SAM

Starcore International Mines Ltd. is a Canada-based company, which is engaged in exploring, extracting, and processing gold and silver. The Company through its wholly owned subsidiary, Compania Minera Pena de Bernal, S.A. de C.V. (Bernal), which owns the San Martin mine in Queretaro, Mexico. It is also engaged in acquiring mining related operating assets and exploration assets in North America. Its San Martin mine is located approximately 50 kilometers (km) east of the City of Queretaro, Mexico, and consists of mining concessions covering approximately 13,077 hectares (ha), which includes seven underground mining units and four units under exploration. Its Ajax Molybdenum property, approximately 1,718 hectares in size, hosts the Ajax Porphyry Molybdenum Deposit. Its Opodepe project consists of the Teocuitla and El Creston properties. Its El Creston molybdenum property is located in the State of Sonora, Mexico. Its Toiyabe Gold Project is located in Lander County, Nevada, United States.


TSX:SAM - Post by User

Comment by gpwildon Sep 24, 2022 5:09pm
79 Views
Post# 34984463

RE: We don't need to brood and mope here.

RE: We don't need to brood and mope here.Please explain how these tactics are being employed.

If Sempur were actually manipulating the stock downard either the short Interest would be increasing exponentially or Sempur would be selling from their existing stockpile of shares. In either situation, you would see the signs of this in the volume traded.

Short interest remains near zero and the stock continues to trade with non existent  daily volumes. (In fact it's not unusual for Starcore to have days with no trades at all)

I actually think part of the decline in the stock price is because market makers signifcantly increased margin requirements to hold Starcore stock at the end of August. Not a sign of faith in the company. :

https://www.tdcanadatrust.com/document/PDF/planning/investing-basics/how-to-place-a-trade/e-external-securitieswithincreasedmarginrequirements-en.pdf

There's also no evidence that Sempur ever participated in a private placement or ever acquired any signicant shares in Starcore. (again the volume is so low to non-existent that any entity acquiring in size on the public market would stick out immediately)


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