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Stelmine Canada Ltd V.STH

Alternate Symbol(s):  STHFF

Stelmine Canada Ltd. is a junior mining exploration company pioneering a new gold district (Caniapiscau) east of James Bay in the under-explored eastern regions of the Opinaca metasedimentary basin and the Ashuanipi Complex. It has 100% ownership of approximately 1,815 claims or 933 square kilometers (km2) in this part of northern Quebec, highlighted by the Courcy and Mercator Projects. Its properties include Courcy, Mercator, Joubert, Trieste, Ilnu, Minuapan, Mishtik, Nikan, Atanau, Massek, and Anite. The Courcy property is composed of over 165 claims resulting in a surface area of 86 km2. The Mercator property consists of a group of over 1,075 claims and covering an area of 551 km2. The Minuapan property consists of over 133 claims and covers an area of 69 km2. The Joubert property consists of over 103 claims and covering an area 53 km2. The Trieste property consists of over 14 claims having an area of seven km2. The Ilnu property consists of over 82 claims having an area of 42 km2.


TSXV:STH - Post by User

Comment by NickelOneon May 16, 2020 9:01pm
115 Views
Post# 31038774

RE:How is change possible

RE:How is change possible
ple1968 wrote:

Change is needed obviously now...bull market in gold and this company can not participate?

Any ideas from our shareholders on how to invoke change in this company?

ple1968


Change is not possible, not in this company. Look at the insider buying over the last couple of years, they have  been buying every single cheap share available on the open market. They have a lot of skin in the game...

This company is mostly unknown to retail investors, and some people had to get out of it at a steep loss.... With the low share count, it is not very liquid and not changing hands frequently. 

Patience will be rewarded! More than likely they need to raise more cash for a driling program, but the targets are drill ready and decent results will put some fire under the stock price. An easy double from here before October.

Good luck!

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