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Stratex Share Discussion Threads
Showing 32076 to 32099 of 32100 messages
|It's just a big word he read on a different BB.Unfortunately BB's are full of the like.....|
|Greedfear - explain your 14436 please.
tell me what is in contradiction.|
|I said I thought that good news would be ignored until payments were forthcoming from Bahar, but I didn't expect to see us actually get punished for it.|
|From surface and open in all directions = always useful to know...|
|exbix, that page looks really good and gives a much better description of this prospect. I'm much more enthusiastic about Anbat now.|
|There is a more expansive report on the latest drill results on ThaniStratex website today.
|Contradictio in terminis.|
|imv and it has said before that by playing this dangerous game of trying to frustrate the contract Bahar will expose themselves to the wider STI shareholder base and we know there are powerful companies listed there.
They will also realise that they will not be involved in any future opportunities with STI/TS if they keep this behaviour up.
And if the Altintepe JV does to to arbitration/court the Turkish government will want a fair result as it could sway any future mining investment if the local partners can't be trusted.|
|King - are you still a holder? If so and you believe your 431 you should sell imho.|
|Tadtech, what about the capex?|
|Add on weakness CC?
Complete madness to add at this point in time. Every chance you will do your money here.
I hope I'm wrong.|
|I am not convinced funding is a pressing issue at this point in time. If it was, a rights issue would be the 'right' thing to do to give long suffering lth's the opportunity to average down. There is a great deal of stored value in the Altintepe jv mining project that should by now be chucking off cash and changing the financial fortune of this company. I personally believe that the cash blockage will be resolved quite soon. Meanwhile, much as I understand some peoples' reluctance to invest, the money the company is legally entitled to is in the jv bank account awaiting the decisive day. Consequently my perception of risk is such that I am prepared to not only hold, but add on weakness.|
|The longer the holding company continues to not pay Stratex the weaker their case, it stands to reason.
Already Bahar Madencilik have taken $45m in gold sales to end December, by now that has probably increased to $55m.
The contract mining cash cost based on the stated $450 per oz equals about $15m, add extras of $5m. That leaves a annual profit of $25m to end December, probably in excess of $30m by now.
There is NO WAY they can claim the mine is not 'profitable' even allowing for a new drill programme and future planning it would only come a small fraction of the already established profit of circa $30m.
Recent cash raises by the likes of Thor, Goldstone, Ariana, etc proves a pretty extensive drill programme only costs $1m-$2m, closure costs (years away) for a small open pit mine like Altintepe would only be $2m-$3m
One can clearly see why Stratex are so frustrated and rightly so, my estimation is Stratex are owed something like $5m to $6m right now.
I will be adding to my position shortly.|
|It's a real shame that it has come to this.
No one in their right mind is going to buy this until fresh equity is placed.|
|Understandable many are miserable, have held this shower now for over two years and it has all been very disappointing to say the least.|
|I think they're going to issue just over a Billion shares at a 97% discount to the price over the preceding 5 days.So many stale long term holders here beating themselves up over buying at too high prices...Possible the board with the highest number of miserable souls around!|
|But what makes you think they need this relatively high sum of money ? To chase new rainbows ?|
|Sorry to say but a lot of lth's are going to get turned over at the upcoming placing.
I would think they will look to raise 50% of MC or about £3.5 m.|
|No value if STI cant get their share .|
|£7.24m market cap is almost begging for a buyout now. Estimated locked in value at Altintepe anyone?|
|R - a jv financial update yes, and a good one at that.|
|I expect it would require some involvement from a partner. I am not particularly surprised by the quiet from there as they had a good run of news recently and it will take time for them to move forward. It is entirely possible that they are as eager for an update from Stratex as we are.|
|I find it strange that Goldstone have gone quiet. I really do wonder what is going on there and why their assets seem so appealing to Stratex and a couple of other AIM companies that include Metal Tiger.
The only repetitive statement that keeps coming from all and sundry is that the land is close to the world class Obuasi mine which is currently closed. There has, however, been a purge on the illegal miners recently and I am wondering if it will open again but by whom?|
|More like people just using their capital gains tax allowance ahead of end if tax year|