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Starcore International Mines Ltd T.SAM

Alternate Symbol(s):  SHVLF

Starcore International Mines Ltd. is engaged in precious metals production with focus on Mexico. The Company is engaged in extracting and processing gold and silver in Mexico through the San Martin mine in Queretaro, Mexico. The San Martin mine is located about 47 about kilometers (km) in straight line, northeast of Queretaro City, Queretaro State, on local road No.100 and about 250 km northwest of Mexico City, near the towns of Bernal, Tequisquiapan and Ezequiel Montes. The San Martin mine complex consists of eight mining claims that cover 12,991.7805 hectares (ha). Its Kimourko Gold Project is located in the Lac region of central Ivory Coast, about 40 km south of the capital, Yamoussoukro. Its other projects include the El Creston Project, the Opodepe Project, and the Ajax Project. The El Creston molybdenum property is located in the State of Sonora, Mexico. The Ajax Molybdenum Property consists of about 11,718 ha and is located 13 km north of Alice Arm, British Columbia.


TSX:SAM - Post by User

Comment by BamBamBanditoon Mar 25, 2009 12:31am
339 Views
Post# 15868157

RE: gold hedges - baystock1

RE: gold hedges - baystock1

The thing to consider about CMM is whether or not the financing they announced will actually close? I have owned CMM for years and they are notorious for saying things that never transpire. Recently two financings fell through, Fortis and Octagon. What are the odds that the Union Securities financings will actually close?

I hope it does because I own a very large position of CMM. At 1-3 cents last summer I averaged WAY DOWN by buying a huge amount in the HOPES that the management team would be ousted and their properties developed. At today's price I'm a lot more gun shy to buy CMM.

If you're new to CMM it's really going to be worth your while to research the company because that management team has done some pretty bizarre things in the past..............

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