Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Teatimenowon Aug 22, 2014 8:05am
248 Views
Post# 22868071

AJC aquisition

AJC aquisitionThese talk " its bad...will not happen...balblabla" i have heard many times on other BBs.
Of course it is possible, that the deal falls apart, its just VERY unlikely.

The management& board backs this + you can be certain they talked to their major shareholders before to make certain they would also back this aquisition.
The simple fact is that you cannot easily take someone over. A hostile bid can be VERY expensive. 
So it does make a lot of sense to do a friendly aquisition where you know the assets and the team.

SAM is paying 6,5$/oz indicated (NI-43 101 compl) in one of the best mining jur. in the world.
As far as i am concerned i think at least the Toiyabe has good upside and is certainly worth the price.
Especially as its only 4% in stock.


Generally its is typical in such all-share-deals, that the aquisition target trades at a discount to the exchange ratio. it happened recently with Manadley - Elgin or SND - SAND...

...just that in AJC s case the discount is very high relative to a resonable risk adjustment of the deal not happening. 

chrs 
teatime
Bullboard Posts