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.

OTCPK:STVMF - Post by User

Stavely Minerals Ord Shs > $1.51 punch

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Comment by OilBetaProon Mar 21, 2015 2:21pm

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Post# 23547138

RE:$1.51 punch

Dont think it would be Mullen. Quick look at SEDI shows he has no options at this level. He won't be getting any value out of his options as far as I can tell. I will bet Board will load itself up with options soon however. Only way they get a return as they hold almost no stock

Likely someone saw a large move, and a weekend, and sold into strength (such as it was). Given the complete lack of market information from the Company, hard to see why the market will move meaningfully in the near term.

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