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

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Post by OilBetaProon Apr 20, 2015 6:19pm

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Post# 23648076

Debt Restructuring

Great to see the bank debt getting restructured. This stock has lagged significantly over insolvency concerns. As ridiculous as that was, it is now a non-issue. The stock is trading below consensus on every metric, and is still being treated as headed for bankruptcy. It isn't. Its business lines are solid outside of its legacy shallow drilling fleet, and it MUST be getting close to announcing a new CEO. Assuming he/she is a known quantity, this stock will finally start trading in line with its peers. The Company has been painfully slow in moving on just about everything, and has become a poor communicator to the market, but it is not broken.

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