Starcore International Mines Ltd T.SAM

Q3 Results - Stay rational

[tovitekovich]

Stay rational... Loss of 400k for the quarter, doesnt change the fact that we have 5.5 million in cash, and we have big exploration upside in the San Martin, what happens if we find big block of 10 / 15 grams per ton than we have earning of 3 or 4  million a quarter at current gold and silver prices apart from the major strategic molybdenum deposits. Keep in mind we have big landpackages with all permits  and equipment in place.

[gpwild]

Even you have to admit that Starcore needing gold to be at or near all time highs just to turn a profit is not a healthy  situation. Just a couple years ago we were LITERALLY trading at pennies because the company was facing iinsolvency and possibly bankruptcy. Gold price turned upwards just in the nick of time, Now we are just treading water and just "surviving" in a market in

[tovitekovich]

Gpwild i can understand your feeling of some sort of frustration, but it is very important to know that stocks can trade a very long time below fair value. Even IF Starcore would be insolvent and they would declare bankruptcy, our bookvalue is much much higher than our current marketcap. And you need to acknowledge that our current marketcap is a joke right? what are we trading today? 11 million

[gpwild]

"... and most of the time they have zero cash so they need to print shares like water,Starcore doesnt have to do that we have a very strong share structure. " Strong share structure? You do reallize that that the current share structure is after a 4 to 1 reverse split that was done a few years back! The small float is a result of the reverse split and not prudent management. 

[tovitekovich]

Do we have a strong share structure right now or not, do we have money right now or not, are we debt free or not? I don't know what kind of point you want to make, but it is no secret that there was a share consolidation, december 14 2015 to be precise. Everybody can look it up in the news feed year after year. Management did everything they could with a shareholder focus in my opinion