Starcore International Mines Ltd T.SAM

Debt Free !

[moorage]

The first time in many years.

Now SAM is one of the cheapest active gold mines, with one of the world's lowest market cap of only $ 4.96 million ( even today ? ).

Starcore International Mines rids itself of all debt

2020-06-10 15:50 ET - News Release

Mr. Robert Eadie reports

STARCORE IS DEBT FREE

Starcore International Mines Ltd. has paid out $3-million of secured bonds, plus accrued interest of $235,410, ahead of the bonds' June 18, 2020, maturity date. In addition to this debt repayment, the company had also repaid a $1-million (U.S.) loan due April 25, 2020. The payments were made from the company's cash flow generated from mine operations and prior asset sales. "We are pleased to be debt-free again and can now direct our positive cash flow to improving production at the San Martin mine," stated Robert Eadie, chief executive officer and president.

https://stockhouse.com/news/press-releases/2020/06/10/starcore-is-debt-free

[moorage]

Today - until now - already 50% price gains to $ 0.15 And we continue towards to $1.00

[moorage]

Up 70%.....today !

[Diamondsforwife]

This post has been removed in accordance with Community Policy

[moorage]

A P/E ratio of 10 will bring us to $1.00 Look to the newest Q - numbers ( in the next days)  and always look naturally to the POG. You can then calculate everything else yourself ;-) quote=Diamondsforwife]Can u please tell us, how u come up with a dollar?[/quote]

[Diamondsforwife]

This post has been removed in accordance with Community Policy

[gpwild]

Production was down signifanctly in the last quarter and the spot silver price was hit hard (only recovering in the last few weeks) Maybe Starcore hedge their silver production and numbers will be better but I doubt they broke even. The next quarter will also have to reflect 4-6 weeks of COVID related mine closures. Starcore has never traded at a 10 P/E. Even at the height of the last bull market

[moorage]

I don't know who you're talking to. Below is a "Quote" button, please use it. Otherwise, I just have to consider that Starcore has paid back the following days ( What do you mean with what revenue ? ): $ 3-million  +  $ 235,410 +  $ 1,360,000   ( $1-million U.S.) Starcore International Mines Ltd. has paid out $3-million of secured bonds, plus accrued

[moorage]

( Supplement: $1,6 million was from Altiplano (asset) sale.)

[gpwild]

I never once mentioned the word "revenue" in my post. They've managed to pay back their outstanding debt but little more. The company has declining gold and silver production due to falling grades at the mine and recent corporate layoffs. They've been unprofitable and have returned no shareholder equity in years. Robert Eadie is CEO of half a dozen other companies in addition to

[Ajnabi]

"The company has declining gold and silver production due to falling grades at the mine and recent corporate layoffs. They've been unprofitable and have returned no shareholder equity in years." -- Quite wrong. The falling production is deliberate and part of an effort to process less but higher grade ore, and grades have indeed been increasing on average over the last year or so

[moorage]

Upwards so far 130% since our last conversation here in June 2020. Today up 25 % I hope you are here with us on the way to 1.00

[gpwild]

Many gold miners have tripled this year while Starcore lagged. The debt-free press release seems to have inspired market confidence and Starcore is rocketing higher finally catching up to it's peers I was almost shocked today to see my position in the black..

[moorage]

Starcore is still rated far too low. SAM is currently earning around US $ 400 at the troy ounce. (According to the last quarter reported AISC $ 1,380 per ounce) At 12,000 ounces a year (currently rather discounted), there remains a profit of US $ 4,800,000. Market capitalization currently US $ 6,900,000 !

[moorage]

Today a little review of my post below from the beginning of June 2020. Meanwhile plus 200% and well on the way towards $ 1.00