02:53:32 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Starcore International Mines Ltd
Symbol SAM
Shares Issued 142,213,946
Close 2013-05-03 C$ 0.19
Market Cap C$ 27,020,650
Recent Sedar Documents

Taylor says buy Starcore International Mines

2013-05-06 16:07 ET - In the News

Jay Taylor, in the April 17, 2013, edition of Gold, Energy & Tech Stocks, says buy Starcore International Mines Ltd., recently 18 cents. Mr. Taylor first said buy on Sept. 16, 2008, at 15 cents. He said sell on Dec. 15, 2009, at 17.5 cents. A $1,000 investment at 15 cents, sold at 17.5 cents, yielded a $146 profit. Mr. Taylor said buy again on Feb. 17, 2012, at 30.5 cents and on Sept. 17, 2012, at 38 cents. Assuming a $1,000 investment for each buy, the $2,000 position is now worth $1,063. In the quarter ended Oct. 31, 2012, Starcore lost $346,000 on operating earnings of $1.25-million. In the prior-year comparative quarter, it earned $3.2-million on operating earnings of $7.32-million. The company blamed the income drop on metallurgical recovery problems. On this news, the stock fell. Mr. Taylor says fortunately Starcore has not rallied despite recent good news, making now a good time to buy. In the quarter ended Jan. 31, 2013, Starcore earned $2.31-million on operating earnings of $2.36-million. It has solved its metallurgical problems. The editor says the company's San Martin mine in Queretaro, Mexico, has much exploration potential. He notes Starcore expects to begin paying dividends soon.

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