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Starcore International Mines Ltd T.SAM

Alternate Symbol(s):  SHVLF

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

Comment by linus4on Feb 06, 2014 1:31pm
241 Views
Post# 22180262

RE:RE:RE:Options Info

RE:RE:RE:Options InfoThe options in fact are free & absolutely risk less , Usually insiders grant themselves options at a discount to the mkt ( which is setting the bar very low). If the mkt happens to move up , they just exercise & sell to make a profit...This game is played time & time again & dilution does add up..But the real problem is the perceived ethics of this latest 2.4 million option grant(still have heard the price of these but a bold guess is the price is lower than what investors are buying at today, yest, or the day before)..For a Junior gold co.,that has little or no gains in past 5 yrs(except the run up when the CEO promised they would pay a dividend), these three individuals are extremely well compensated..(see the latest published salaries on sedar).?Wouldn't also make sense to set the bar a tad higher so that they are rewarded along with shareholders 'if' their actions caused the stock to move up & price the options above not below current mkt price...The fact that they aren't buying in the open mkt & do not own much of their own company(1.8% roughly) isn't a show of confidence..Based on this,I have cut my position by 2/3 & the other 1/3 may go out on any uptick..
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