Starcore International Mines Ltd T.SAM

Alternate Symbol(s): SHVLF

Metals & Mining Gold

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

Starcore International Mines Ltd

Bullboard Posts

Comment by nickgeoon Jan 26, 2012 11:47am

327 Views

Post# 19452445

RE: RE: RE: RE: Cambridge Show

Hi,

Although, of course, I abhor dilution, my take is that the transaction is an insurance policy to be sure the company lands safely into 2013. Their current cash flow appears to be a tight fit to expenses. So what if the price of gold drops? What if the mill breaks down. What if, what if..... They would be stranded trying to borrow in a tight-money environment, or doing a secondary when their share price has dropped in response to their problems.

Don't like it, but so be it.

Take care,

Nick

Bullboard Posts

BMO evolves InvestorLine with enhanced tools for options trading