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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 lilswedeon Apr 08, 2014 9:12am
723 Views
Post# 22423805

RE:RE:P.O.S.

RE:RE:P.O.S.I believe the dagger was the change in dividend plans, although the drill results coming up with zero I am sure did not help. (who decided to drill into rock with no gold anyways? what a waste of money.) I believe the reason this stock is where it is at is because of the change of dividend plan. How many people bought shares believing that they were going to get a dividend of 50% of cash profit once there was 5 million in the bank??? Last quarter sam made 1.6 million, 50%=$800,000.00/roughly 150 million o/s= 1/2ct dividend per share, or maybe 2cts per year. At a share price of 20cts that's 10% return per year, 30cts, .067pct etc. Some of the people who bought this believed they were getting a dividend, now that they are not getting one they are selling, and who can blame them? Not me. More KoolAid anyone? This is all jmho. GLTA.. we need it.
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