Stratex Share Discussion Threads

[blobby] 18/10/2016 14:14

It was Stratex's promise to give quarterly updates. The last update was on August 11 so the next one is due around November 11. As Q3 ends on 30 September most of the data should be available by now and it would be nice to think that things might be becoming more efficient now.

If a decision has been made to change from quarterly updates (which would be a mistake from my point of view) then this should have been announced by now.

[juju44] 18/10/2016 14:02

But that was Bobs promise before they locked him up

[romeike] 18/10/2016 13:53

On the contrary, we were promised significant news on a quarterly basis...

[juju44] 18/10/2016 13:51

Yep , 6 weeks should be more than enough . If he reads this thread he will get all the leads he needs

[greedfear] 18/10/2016 13:48

Six months?????? It's not like he's been asked to run GE.

[exbiz] 18/10/2016 12:35

Id be surprised if we get any significant news this year now juju as I'd imagine Marcus will spend the first six months of his tenure sorting out the huge mess left for him when he took over. Good to see that during this dearth of price sensative information disclosure that the board have been hoarding away loads of shares at the ever falling offer price.

[juju44] 18/10/2016 12:25

This is one sad place . Someone wake up Marcus . Maybe he has joined the director circle around the TV in the day room

[romeike] 18/10/2016 10:29

I really hope the goings-on at GLR are not a distracting Marcus from the important issues re: Altintepe, strategy and administrative costs at Stratex. Would be interesting to see if the claimed 6 director rule holds up or turns out to just be an excuse after all.

[romeike] 18/10/2016 10:26

Pigs don't like their noses being forced from the trough.

[blobby] 18/10/2016 09:02

Thanks exbiz. I had missed that.

I think Emma should be more guarded in speaking to the press it is just to risky and you don't know what they are going to report.

[soulsauce] 18/10/2016 08:59

Is anyone else having any problems with ADVFN this morning. Mine is taking an age to load up as though a script is running? No problems with any other site :-/

[exbiz] 18/10/2016 08:55

For those that missed it. I hope Emma is right for all our sakes.

[charles clore] 18/10/2016 08:54

Exbiz - sorry but I was only answering Clan's last question.

[exbiz] 18/10/2016 08:42

CC might not think so clan but the market certainly thinks you have with the so now down from a fairly recent high of 5p to its present basket case of 1.91p Still looks like another carbon copy Bob deal to me.

[charles clore] 14/10/2016 23:05

Clan - no I don't think so

[corguv] 14/10/2016 20:50

We should have some news from Altintepe
when Marcus gives his assessment.

I have been scornful of GRL in the past and looked on it as a wasteful old pals act. Now my curiousity has been raised by the emergence of a former director taking legal action as the former exploration director is it more than just belated bitterness or is there mileage in Goldstone's projects ? And surprisingly is this the target for Altintepe cash ? And Marcus's interest.
Or have I finally gone nuts ?

[charles clore] 14/10/2016 19:22

Clan - I think the game has changed for the better. In the past I wasn't always happy but kept up my confidence in the hope that there would be some kind of deal that released cash to shareholders or perhaps even a takeover bid, upping the share price, after which I would have sold. I realised what Bob and Co. were doing but they were good at their geology and could have hit the big one again like Oksut, which would have been nice for us shareholders as it would have given the stock a good boost and a doubling of the price would have been enough to see me on my way. but what has happened is, in a way, better than that. Now we have a businessman with a reputation for shareholder value and an asset that is crying for value to be released. I now feel that this could become a very good long term hold. Barring a disaster shareholders just have to sit and wait as the Altintepe Madencelik bank account grows. STI is entitled to 20% of that money (less reasonable joint venture deductions) and 45% (again less deductions) when Bahar's initial costs are recovered. We can't lose imho.

As for JCB - again I wouldn't be surprised if the larger shareholders blocked that payment too. Hall might cause a bit of a problem but I believe he will be next to go.

All imho of course!

[corguv] 14/10/2016 17:42

The curious case of Goldstone deepens further than the very strange 22nd December 2014 bombshell from Christopher
Hall and the flattery of John Cole-Baker.
What do you think Holmes sorry Charles/Dan ?

[danieldruff2] 14/10/2016 17:41

It does look undervalued if the money arrives and is used properly. I hope Marcus junks Dalafin and Goldstone etc. If he wants to repeat his previous successes I think he will need mergers to create a bigger entity, I can't see Stratex getting past a 20-30m market cap with its current portfolio.

[charles clore] 14/10/2016 17:28

Bob loved geological challenges. To him it was perfectly reasonable to set up a company using other peoples' money and reward himself with the spoils. The thing is, he and his mates were good at it but they made one mistake. They thought Bahar would pay up much sooner to allow them to pump the Altintepe profits into another sink hole. Unfortunately Bahar is a quality outfit that likes to do things properly. They wouldn't allow distribution of profits until Altintepe Madencelik had agreed the cash needed for a sustainable mining plan right through to closure, including intermediate development. Very sensible but not on Bob's agenda. My bet is the large shareholders got together, ousted Bob and replaced him with a businessman who understands mining and with a great track record for shareholders. Now that new man, Marcus, will be working for the large shareholders to bring home some return on their investment. With his reputation at stake failure is not an option and he will have done his homework thoroughly. And I don't think it will be long before we see the share price moving up. I am surprised nobody else has figured out the potential upside here but to me it seems like a reasonable bet with a couple of million in the bank and probably $40m+ in the Altintepe Madencelik bank account waiting for agreement on the next move. So next week I will be adding a few more.

[greedfear] 14/10/2016 17:14

Did not know something happened at Goldstone. Now I know and I don't care. That money is gone and the market did not value it as an asset anyway.

[juju44] 14/10/2016 16:43

Another one of Bobs wonder strokes with our money

[charles clore] 14/10/2016 16:27

I'm sure Emma has it well under control!

[danieldruff2] 14/10/2016 16:22

Well something happened over at Goldstone this week though nobody seems to want to mention it here! Hopefully Marcus will junk that disaster.