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.

OTCPK:STVMF - Post by User

Stavely Minerals Ord Shs

Bullboard Posts

Comment by GeorgeSecondon Jul 18, 2012 2:11pm

213 Views

Post# 20127135

RE: RE: RE: insider selling

I think options are more complicated than that. They have strike prices, expiry dates, etc. Plus there's tax implications. May be easier to take the money, pay the tax, (& get more options). I remember the JDS people having to pay gains on money they never got, because the optioned shares were considered income at the execution date & some people kept them, then they went down, and could only claim a capital loss.

If it was me, I'd take the tax hit & use borrowed money to buy shares so you write off carrying costs. Not that the so-called "sellers" here still own a lot of shares.

Bullboard Posts

Two Venture-listed mining stocks file NI 43-101 reports