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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Comment by valuedude1on Jun 19, 2015 4:40pm

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Post# 23850450

RE:???

It seems like this company tanks everyday lol. There must be something up because I don't understand why it keeps dropping. There debt is not due until 2018 and their debt covenants were relaxed back in May. Unless their ebitda is going to drop massively and break the new covenants I don't understand why it's trading at less than 20% of book. The market obviously is telling u that they are in serious trouble. I want to average down but what's the point when it keeps falling. This might be under $1by the end of June. Glta

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