Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Stellar AfricaGold Inc V.SPX

Alternate Symbol(s):  STLXF

Stellar AfricaGold Inc. is a Canada-based precious metal exploration company. The Company is focused on exploring for gold in Canada, Republic of Mali, and the Kingdom of Morocco. The Company's projects include Tichka Est Project and Namarama Project. The Tichka Est gold project, comprising seven permits aggregating 82 square kilometers, is accessible year-round by road through a national and regional road to the village of Analghi located near the mineralized gold zone. The Company, through its 100% subsidiary, Stellar Pacific Mali SARL, owns a gold permit for 50.2 square kilometers in southwest Mali. The Namarana Authorization is located near the village of Namarana, Circle of Kangaba, region of Koulikoro, near the border with Guinea approximately 100 kilometers west-southwest (W-SW) west of Bamako, the capital.


TSXV:SPX - Post by User

Bullboard Posts
Comment by drilltip1on Apr 12, 2012 11:12am
136 Views
Post# 19785660

RE: STELMINE

RE: STELMINE

I don't know the details of that transaction but I do know that we are directly tied to the price of LOT. How many people want the free shares of LOT via SPX that's the question. We know the split so we are about valued right today. For every 7-10 pennies LOT goes we'll do a penny or so. Yes the buyers of SPX get the african play as well but even though drills are in the ground it's years away with some news along the way on drill results, they will never duplicate what LOT got mind you, that just doesn't happen lots. The African play means nothing to me, it's long term but the share price of LOT is here and now. Good market today with bullion up as well but the absolute guarantee of LOT pulling back has commenced, we need more drill results form that play very soon or we'll be in the 50 to 60ies for sure and that will drive down SPX to 9 or 8, I know they are drilling in Africa but those results are what 3 months away, maybe 2. The hype is fading so I'll get out today or tomorrow at a loss, wanted to jump the hype ride and we all know those do not last long.

Bullboard Posts