SVY - Stavely Minerals

[Dona Ferentes]

maybe it is time to have another look at SVY. There is action a-plenty:
- sold some non-core tenements in Tasmania and around Fosterville
- used state of the art seismic techniques to identify two strong porphyry targets at depth around Thursday's Gossan
- Further Outstanding High-Grade Copper-Gold hits show Consistency and Continuity of the Cayley Lode

They keep looking for 'the big one'

 

[rederob]

maybe it is time to have another look at SVY. There is action a-plenty:
- sold some non-core tenements in Tasmania and around Fosterville
- used state of the art seismic techniques to identify two strong porphyry targets at depth around Thursday's Gossan
- Further Outstanding High-Grade Copper-Gold hits show Consistency and Continuity of the Cayley Lode

They keep looking for 'the big one'

Evel Knievel would have loved that you could build him a ramp, back in the day .
I hold some SVY and am also very optimistic.
Here's today's announcement. It's a bit like fortune telling.
Their find remains open in most directions, so has heaps of upside potential.
They should get a JORC compliant report out later this half and with luck their ongoing drilling will yield even better results.
I am in the "let's wait and see" camp, wish just a bit of cash to splash.

 

[Dona Ferentes]

trading Halt; capital raise

 

[Dona Ferentes]

Stavely Announces Oversubscribed $28M Capital Raising .

Key Points:
• $25M institutional and sophisticated share placement at $0.60.
• SPP launched to raise up to $3M to allow existing shareholders to participate.
• Funds to be used to:
o ... Complete the shallow (0-200m) Mineral Resource drill-out at the Cayley Lode;
o ... Identify additional lodes;
o ... Drill test the deeper porphyry targets;
o ... Progress a Phase 1 Open Pit Scoping Study.

"We have a huge amount of drilling, logging and sampling ahead of us in order to achieve our aspirations, but we are very excited that we have secured the financial backing of some of the most sophisticated institutional investors in the resources sector globally. Importantly, our Company has always been structured in such a way that the vast majority of the funds we raise goes directly into the ground in drilling, and also towards completing our work to a very high standard.

“This underlying commitment will not change despite the significant elevation of our balance sheet through this capital raising, and investors can be assured that we will maintain a prudent and cost-conscious approach to our work that will see the dollars consistently going into the ground! We are very excited to have discovered a lode-style of high-grade copper-gold that has not previously been recognised in Australia, and that recognition opens some significant opportunities for additional discoveries both within the Thursday’s Gossan prospect area and regionally within the Company’s dominant tenure position.”

(a couple of weeks old; evidently, keeping a track of developments is ramping)

 

[finicky]

Tony Locantro interview touches on SVY and EX1
He says he's been 'aggressively buying' SVY and reckons the placement participants are probably panicking as the stock dips below the issue price of 60c. Lots of supply so that's good in his book as he's a fan of Chris Cairns.
To me the monthly chart is a wait for a more auspicious candle to appear - but then again I probably won't dip the wick anyway, I am devoted to a cash lately.



Monthly all data

 

[Telamelo]

SVY doing really well now @ 0.75c +10.29%! already

Excellent (cashed up $$) Copper/Gold play with potential upcoming 'positive news flow'

market depth seems very bullish imo

190 buyers for 2,076,532 units vs 49 sellers for 1,110,874 units

Stavely Minerals Ltd (ASX:SVY) Share Price - Market Index

Today’s SVY share price, stock chart and announcements. View dividend history, insider trades and ASX analyst consensus.

www.marketindex.com.au

DYOR .. Cheers tela

 

[Telamelo]

SVY doing really well now @ 0.75c +10.29%! already

Excellent (cashed up $$) Copper/Gold play with potential upcoming 'positive news flow'

market depth seems very bullish imo

190 buyers for 2,076,532 units vs 49 sellers for 1,110,874 units

Stavely Minerals Ltd (ASX:SVY) Share Price - Market Index

Today’s SVY share price, stock chart and announcements. View dividend history, insider trades and ASX analyst consensus.

www.marketindex.com.au

DYOR .. Cheers tela

Wow what an amazing strong close on SVY @ 0.76c +11.76% on terrific volume today!

Bullish chart breakout gives me a short term (back of the envelope calc.) target of around 0.88c or thereabouts imo (not trading advice as simply in my own opinion) DYOR

Happy Day's ahead

 

[finicky]

@Telamelo I missed the turn but this is looking quite good.
Excuse the primitive chart but this was the weekly action before today's +3m volume and price rise is computed in. Narrowing of bands and breakout if todays advance holds for the week.

1 Year weekly

 

[Dona Ferentes]

there are a few (intertwined) Vic goldies, looking for the elusive paydirt. Catalyst edged into Navarre's (somewhat underwhelming Tanderra) Bendigo lode searches, and NML then went west, a bit, and took the search to the Stawell gold arc and where Stavely was looking for Copper- Gold porphyry systems.

But to date for SVY, culling from the May 20 announcement
✓ First-mover position in a potential new world-class copper province
✓ Outstanding potential for additional discoveries from regional targets
✓ Likely to be driven by a late-stage porphyry that is yet to be identified – it's still out there

It's still out there .... too true. So it would be fair to say that as explorers they remain that, drilling holes, getting a bigger picture, but not bringing home the bacon. Apart from the rather spectacular news from Aug 2019, it is likely the performances of these three are more driven by buoyancy in Gold and, more recently, Copper prices that has helped sustain the share prices, rather than solid or company transforming news. Makes it easier to raise capital along the way.

Three year chart: CVY in purple/ blue, NML light blue and SVY in red

 

[Telamelo]

@Telamelo I missed the turn but this is looking quite good.
Excuse the primitive chart but this was the weekly action before today's +3m volume and price rise is computed in. Narrowing of bands and breakout if todays advance holds for the week.

1 Year weekly
View attachment 113554

Thanks for sharing SVY weekly chart appreciate it (as exactly what caught my attention yesterday). I'm usually on smartphone so reason don't get around to posting charts but as soon as I saw big uptick in price/volume momentum coming in I mentioned it here (to give other's the chance to catch early wave as such). SVY rocketed up almost 12% yesterday as this stock can move quickly.

SVY MorningstarTM Quantitative

Undervalued

SVY Fair value $0.96c

*forecast price target of $1.20 estimate for the year ahead (noting if a commodities bull market takes off as some analysts are suggesting is likely then SVY may well so even do better on the back of a Copper bull market imo)

market depth looks great imo

164 buyers for 1,478,251 units vs 35 sellers for 678,999 units

Cheers tela

 

[Dona Ferentes]

and a T/H awaiting announcement of drilling assay results from shallow drilling at the Thursday’s Gossan Copper Gold Project.

SVY was drilling deep, looking for the core to the porphyry system. Then turned to shallow tight 40x40m spacings

● The intention is to have a large proportion of the initial resource in the Indicated Resources category
● If we achieve the aim of a large majority of the resource as Indicated Resources (as opposed to lower-confidence Inferred Resources), we will be able to launch into a Scoping Study for a Phase-1 open pit based on higher-confidence resources
● This, in conjunction with ancillary studies on metallurgical recoveries and geotechnical test work, could provide the base information for a Scoping Study that has robust and publicly reportable outcomes

 

[Trav.]

Down -10% on the release of the following. Interesting response from the market.

SP has been climbing back since

 

[Telamelo]

Down -10% on the release of the following. Interesting response from the market.

SP has been climbing back since

View attachment 117535

View attachment 117533

View attachment 117534

SVY @0.63c +7.69% announced outstanding assay results comprising high grade copper, gold & silver. Seems at a glance to be undervalued with huge potential imo

DYOR .. Cheers tela

 

[Telamelo]

• 
  Stavely Minerals SVY has extended mineralisation to 900 metres northwest of the Cayley Lode discovery in Victoria
• The company is undertaking a resource drilling program to extend this discovery zone to the northwest before moving to the southeast
• Not only has the latest results extended mineralisation, but they also returned grades of up to 21.2% copper, 25.2g/t gold and 2540g/t silver
• Drilling is ongoing but will shift towards the south-eastern strike extension of the Cayley Lode

https://themarketherald.com.au/stav...nds-mineralisation-at-cayley-lode-2021-05-04/

 

[Telamelo]

• 
  Stavely Minerals SVY has extended mineralisation to 900 metres northwest of the Cayley Lode discovery in Victoria
• The company is undertaking a resource drilling program to extend this discovery zone to the northwest before moving to the southeast
• Not only has the latest results extended mineralisation, but they also returned grades of up to 21.2% copper, 25.2g/t gold and 2540g/t silver
• Drilling is ongoing but will shift towards the south-eastern strike extension of the Cayley Lode

https://themarketherald.com.au/stav...nds-mineralisation-at-cayley-lode-2021-05-04/

Copper, Gold & Silver well up again tonight

just need SVY to come to the party lol

 

[finicky]

I havent tried to follow this yesterday's hero but the chart has got a bit interesting - gone sideways and not revisited the downtrend support line for some time, potential for a 'W' low or a small H&S forming perhaps? Has given up most of the gain it clawed back - see a bigger chart. I checked it out only for comparison to another porphyry gold and copper prospect chaser - Lefroy (LEX) which has been dumped also.

Not Held
Not Buying

Daily

 

[finicky]

Haven't been following Stavely at all but from the share price it appears the dangling bauble has lost its glitter. Not enough to stop a successful SPP raising $5m in August though and I see the latest notice is about management awarding some options and performance shares to insulate themselves against the dilution. Share price looks stuck at the SPP raising price of 15c.
I normal times I would have found the first 10 minutes that I watched of this podcast alluring.

Not Held

 

[frugal.rock]

Chart update.

 

[Dona Ferentes]

Chart update.

And now

SVY is acquiring what it describes as a “walk up” exploration opportunity with the $1.4 million purchase of the Hawkstone Nickel-Copper-Cobalt Project in the West Kimberley region of Western Australia.

The promising 1,800 square kilometre “battery minerals” target is being acquired from Chalice Mining (ASX: CHN) and it thought to also contain lithium exploration potential.

Hawkstone is held both 100% and with earn-in and/or exploration rights in six separate tenements through Chalice Mining’s 100%-owned subsidiary, North West Nickel Pty Ltd (NWN).


NWN also owns 100% of the hard-rock mineral rights on E04/1169, E04/2563 and E04/2405, which are subject to future milestone payments to the tenement owners, Waterford Bay Pty Ltd and Kimberley Alluvial Pty Ltd. Stavely’s agreement with Chalice will see it acquire NWN.

Stavely Minerals executive chair and managing director, Chris Cairns, said that prior to the finalisation of the deal, NWN will acquire 100% of tenements E04/2299 and E04/2325 which are currently held by Strategic Metals Pty Ltd and 100% of tenement E04/2784 currently held by CGM (WA) Pty Ltd.

“The Hawkstone Project is an exceptional walk-up exploration opportunity in a geological setting that has demonstrated prospectivity and fertility,” Mr Cairns said.

He said the new project will provide the company with year round exploration options as it can now undertake a winter field exploration season in the West Kimberley to complement its the planed summer exploration season at the flagship Stavely Copper-Gold Project in Western Victoria.

 

[Dona Ferentes]

"Notoriously inconsistent " doesn't sound that promising (= a lot of work needed)?



... just under $4 million at end of last Q.