Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Starcore International Mines Ltd SHVLF


Primary Symbol: T.SAM

Starcore International Mines Ltd. is engaged in precious metals production with focus on Mexico. The Company is engaged in extracting and processing gold and silver in Mexico through the San Martin mine in Queretaro, Mexico. The San Martin mine is located about 47 about kilometers (km) in straight line, northeast of Queretaro City, Queretaro State, on local road No.100 and about 250 km... see more

TSX:SAM - Post Discussion

Starcore International Mines Ltd > STARCORE IS TRADING ALMOST AT CASH POSITION
View:
Post by tovitekovich on Sep 01, 2022 4:51pm

STARCORE IS TRADING ALMOST AT CASH POSITION

Starcore is currently trading almost at cash position, even if a market downturn is coming Starcore is well prepared in my opinion we had 8.8 million cash on hand at april, i think we currently have 8.5 million cash on hand and keep in mind with zero debt, i will scoop up alot of shares at the right time, these stock price levels at current company status are already undervalued, but let the panic seller come my buy orders are ready at multiple key levels.

Resource companies with zero production, zero money, and zero permits are trading higher than Starcore, while we have money, we have production, we have big multiple resources and we have all the permits, do the math.....

Comment by gpwild on Sep 03, 2022 2:05pm
Starcore is losing money at current metal prices so the cash on hand will decline in the next few quarterly reports. It will continue to decline (maybe significantly) unless metal prices have a major rally.
Comment by moorage on Sep 05, 2022 11:17am
@gpwild....The one who can read ..... is in advantage "Decline"  ?  With All-in sustaining costs of US$1,601/EqOz......  ?? Production Highlights for the year ended April 30, 2022: Equivalent gold production of 11,165 ounces; Mine operating cash cost of US$1,239/EqOz; All-in sustaining costs of US$1,601/EqOz. https://starcore.com/en/investors/news ...more  
Comment by gpwild on Sep 15, 2022 6:24pm
Yet they just annouced a loss of $660,000 for the latest quarter. 
Comment by moorage on Sep 16, 2022 12:50pm
Today 16 Sep 2022 the SAM market cap is close to cash. So we buy SAM ( hostile ), pay with the cash and we get everything else for free ! ? ( Post taken from the CEA.CA forum )
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities