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 > Mullen resigns

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Comment by paperbullon Feb 05, 2015 11:04am

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Post# 23399147

RE:RE:Mullen resigns

<snip>Even in the good times Savanna lagged peers. That is Mullen's legacy <end snip>

In a note to investors, research analyst Dan MacDonald of RBC Dominion Securities said he expects a smooth transition because LaMontagne is a veteran of the company.

“We do expect the stock may underperform the broader group tomorrow (Thursday) on the news; however, with Savanna being the worst performing land drilling stock year-to-date within our North American land drilling coverage group, the reaction may be muted,” he wrote

Average volume today - $2.55 - $2.60 range. 'Nuff said

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