Starcore International Mines Ltd (SAM)

[KaiserSoze]

Troy,

I understand shareholders could get frustrated by missed timelines, but the truth of the matter is:
- company generates $10mm of operating cash flow annually and is debt free
- company just paid a 10% dividend (not sure if they will keep paying it...it maybe a wise move to pay it quarterly going forward)
- company plans to buy back $1mm worth of shares in 2015

On the surface, and fundamentally, this is a no brainer! Should have a market cap of at least $50mm - $75mm.

My personal opinion is that the market believes that the current mine is on the verge of being extinct, even though management keeps announcing new reserves.

I'm also holding (got in at 22 cents), but it's very frustrating seeing this go down a penney at a time.