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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

Post by linus4on Jun 14, 2014 10:36am
235 Views
Post# 22660336

Options are dilutive

Options are dilutiveThere are about 6,600,000 options at .15 cents that management can exercise up to Nov. of this yr. which will dilute your investment & allow them to collect a nice bonus if the shs. tade above this level.Robert Eadie has proclaimed they have continued to operate without issuing additional equity but fails to mention that they continue to issue cheap options to himself & insiders ..Options should be a reward for a job well done , not a free gift..Eadie has failing marks on executing on his objectives for the past yr..Namely 1) failure to sell the property 2) failure to increase shareholder value 3) failure to deliver a promised dividend once the Co. was debt free..A quick glance at his salary would suggest that he has been highly rewarded ( some might say overly rewarded).
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