Stavely Minerals Ord Shs T.SVY

Primary Symbol: STVMF

Metals & Mining Industrial Metals & Minerals

Stavely Minerals Limited is an Australia-based mineral exploration company. The Company is focused on the exploring for copper, gold and silver at the Stavely and Ararat Projects in western Victoria, and nickel, copper and cobalt at the Hawkstone Project in west Kimberley, in northern Western Australia. The Stavely Project, covering an area of approximately 1,000 square kilometers (km2) over the prospective Stavely Volcanic Belt in western Victoria, includes a 100% owned retention license RL2017, 100% owned exploration licenses EL6870, EL7347, EL7921, EL7922, EL7923 and EL7924 and the Black Range Joint Venture license EL5425. The Ararat Project comprises a retention license, RL2020, covering an area of approximately 26km2. The Ararat Project is located on part of the western margin of the Stawell-Bendigo Zone, which is part of the western Lachlan Fold Belt. Hawkstone Project covers an area of 1,100km2 over prospective stratigraphy in the west Kimberley, in northern Western Australia.

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Stavely Minerals Ord Shs

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Post by Ticker28on Feb 04, 2007 9:43am

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Post# 12157391

Ultraline services

Do you think Ultraline was costing Savanna more many then they were bringing in from its sevices. They did make mention that they were having trouble finding experienced drivers and personal. Green drivers and new trucks to pay for, pherhaps they viewed as best since it may not have been profitable enough. Haliburton is quite experienced in the wireline business. I did like the diversity that ultraline offered though. One wonders if in time it could have become very profitable. Also it seems lately we havnt got much direction from this company, what is their plan? They say they are focusing, but on what exactly? Are they just parting this company out or are they planning to grow? Been nice though to see this one trying for $19.00 at least, always gets limp though.

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