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.

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Stavely Minerals Ord Shs > Talisman pop

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Comment by paperbullon Dec 19, 2014 9:13am

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RE:RE:RE:RE:RE:RE:RE:Talisman pop

I haven't contacted SVY or the board.   My $6 comment was based on current SP levels since it's rare to see a takeover bid that satisfies the needs of the longterm holders and their entry points. Ask any holder of TLM who bought and held since 2012 as recent example. Repsol's buyout was only 75% of what 2012-14 investors paid - and it's only making money for investors who bought from Nov 2014 to this past week - pretty narrow band which I think is pretty typical.

I sold my SVY holdings earlier this year and it's been on my value tracking screens since August.   Couldnt resist getting back in at these levels this month.

P/B ~ .3, manageable loans, some statements about managing 2015 capex but still proceeding with business.   The current dividend level concerns me a bit too (anything over 5% does).   But I didn't think about DRIP until you mentioned it.

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Two micro-cap stocks with strong fundamentals