Stratex Share Discussion Threads

[romeike] 21/11/2016 13:30

And Greece is still bubbling even though you don't hear about it much in the news.

[romeike] 21/11/2016 13:29

The US budget ceiling decision should be interesting.

[tadtech] 21/11/2016 12:17

So how many are going to Mines & Money to meet the company. I know for a fact the new CEO will be there.

I viewed a promotional presentation by Casey Research over the weekend, they reckon that there are 2 key catalysts that will occur at year end that will send a flood of money into gold and propel the price way past $2000oz and potentially on-to $5000oz

I would not usually take much notice of such bumph but their reasons were very credible. Interesting indeed.

[greedfear] 21/11/2016 12:09

Not a swing trader but I wouldn't be to sure about that, if 1.75-1.8p doesn't hold it's going to 1.5p fast.

[soulsauce] 21/11/2016 12:03

'dry bummed' lol.

[observer007] 21/11/2016 12:02

I see the swing traders are out in force this morning trying to secure a lower entry point for their next trade.

Smell the coffee, 1.8p is about the lowest you will get.

[goldenshare888] 21/11/2016 11:59

Looks to me like this TURKEY is being dry bummed by Mr Mkt if all the above positives are true!

Only time will tell if we are going to get a nice well roasted bird or an old dry bummed crow!

LOL

:)

[juju44] 21/11/2016 11:58

This is proving to have been a totally mis managed dog with an incompetent board taking a promising enterprise to ruin. New CEO has had long enough to start recovering the situation . Where is the action ??

[observer007] 21/11/2016 11:56

The plums dumping 100k lots at the bottom of the current share price range will look stupid in due course, despite the 'apparent' drop it is nigh impossible to buy in size most of the time. What does that tell you.

The new CEO needs some time to get a grip and, make no mistake, he will do just that.

In the meantime the company still has a healthy cash balance and the cash distribution to Stratex from a mine that has generated $33m to June 30th will come, make no mistake.

The current share price is simply too low.

[exbiz] 21/11/2016 11:54

Whilest scanning back over the interims I took note that the company stated that in H1 we had produced 19,467 ozs Au with projected revenues of $32.7 million for the first half of 2016.We have since learned that the full year production is expected to hit 30,000 ozs Au production. Which would thereby, using the share of profit stated in the interims and posted below make our share of profits for the year somewhere in the region of a paltry £2,400,000 from the years revenue of $49.1 million, however this sum will seemingly be further eroded by closing costs. This is of course when the mine 'becomes profitable'. That also would seem to be a maximum amount as it is not clear if the sum below includes the $190,000 received from the mine distributions already (which would take the figure down to c£1,450,00), plus the sum below will also include some other minor income and interest received.


4. Share of profits/(losses) of investments accounted for using the equity method.
This includes the Company’s share of profits from the mining operations in Altıntepe Madencilik Sanayi ve Ticaret AS amounting to £1,636,073

[shortarm] 21/11/2016 11:51

What a pretty pattern....

[shortarm] 21/11/2016 11:49

Boing said Zebedee

[goldenshare888] 21/11/2016 11:42

I am worried about what this TURKEY is being basted with!

It looks like it is being held down and rodgered senseless at the moment!

:-( (squawk)! :-(

[exbiz] 21/11/2016 11:36

The new CEO set out his mission statement in the latest presentation declaring :-

Seek acquisition opportunities of near- or in-production gold assets.
Focus on acquiring or developing later stage exploration projects with path to production.
Continue to develop exploration partnerships.

Bob's mission statement over the previous years of his stewardship was exactly the same resulting in the following taken not from the full year results but just the interims of 30th June 2016.

a) The Company’s shareholding interest in Muratdere Madencilk Sanayi ve Ticaret AS was reduced from 30% to 14.87% as a result of not participating in the share placing of 22 February 2016. The Company’s investment no longer meets the requirements for equity accounting. A fair market value of £429,826 equal to the original cost of the investment has been attributed to the remaining investment. The resulting net loss is £319,414.
b) DrBobFoster,theCEOofStratex,resignedfromtheboardoftheTemboGoldCorporation on 5 May 2016 and Stratex is no longer involved in the management of the company. As the investment no longer meets the requirements for equity accounting a fair market value of £381,492 has been attributed to its 12.8% investment based on the market price of the Tembo shares at the time of the change in accounting treatment. The resulting net loss is £1,069,267.
c) During the period Thani Stratex Resources Limited has undertaken share placings in which the Company has not participated, and has issued shares to employees. As a result the Company’s shareholding interest has reduced from 40% to 30.4%. This has given rise to a net loss of £832,472. The Group's investment in Thani Stratex Resources Limited continues to meet the requirements for equity accounting as an associate company.

Results of our investments in so called acquisition opportunities speak for themselves and let's not forget there have already been numerous previous write downs on investments.

Seems we are specialists in net loss !

[shortarm] 21/11/2016 11:33

Can actually still sell 100k at 1.73..Sneaky stop loss raid?

[shortarm] 21/11/2016 11:31

3 tenths of a penny on a few hundred K sales lol

[luminoso] 21/11/2016 11:21

It still needs a damn good basting, imo, golden !

[goldenshare888] 21/11/2016 11:07

or will there be a late ruffling of feathers, squawk and then maiden flight straight into the oven?

LOL :)))

[shortarm] 21/11/2016 10:04

Christmas is cancelled? :-(

[romeike] 21/11/2016 09:47

And after months spent carefully watching the goose, all were agreed a big gold egg was due just in time for Christmas. Unfortunately it turned out the Goose just had a touch of the squits.

[dogwalker] 21/11/2016 09:01

It's twizzled up by all of 5p today - hurrah ! The new CEO (wow, gosh etc)must read this bb as well.

[tailor1] 19/11/2016 10:42

For anyone going to this presentation if you can give them a bit of a drilling and maybe asked why share holders are ignored, no response on emails etc.
It is important they know there letting us down and we are not happy.

[charles clore] 19/11/2016 00:50

Its a GOOSE

[saturdaygirl] 18/11/2016 21:14

LOL Golden

You sound like DT180 ...