Stratex Share Discussion Threads

[redtrend] 27/2/2017 13:12

Taking step back, STI's market cap is now just over £7m for 45% of a 35K Oz/ yr mine along with all the added extras and positives in the RNS

If, big "if" this gets sorted out in a timely manner, may end up being good time to be greedy when others are fearful...

However with such limited info from STI, the risk of protracted dispute is pretty high. Tough one to call

[redtrend] 27/2/2017 13:07

Charles - you can not have written the following with a straight face surely?!

"I am sure Bahar would be happy to tide their partner over with a short term loan pending settlement of cash distribution"

[shortarm] 27/2/2017 13:01

Wonder if Bahar are paying Teck? Or did Teck sell that on to someone else a little while ago?

[shortarm] 27/2/2017 12:56

Court intervention is expensive and if Bahar are pushing their luck they will pay expenses/damages.Not to mention the damage to their reputation.

[charles clore] 27/2/2017 12:54

Oh shoggy you so transparent little deramper you!

[exbiz] 27/2/2017 12:53

End of year due 9 March so maybe a little more disclosure then or an update.

[shoggoth] 27/2/2017 12:51

Bahar don't need us. Their best strategy now us let this drag on through the courts until there is no stratex left.

[soulsauce] 27/2/2017 12:49

steve1905 27 Feb '17 - 12:27 - 14072 of 14076 0 0

I'm with Dan, no further comment from Stratex is a very bad sign.

I agree to a certain extent steve, but may be with some sort of litigation going on or pending then may be there is little they can say, as frustrating as it is :-/

[romeike] 27/2/2017 12:48

Below is what I imagine is the form of recent negotiations:

Marcus (on phone to Turkey):
"So guys, you promised to pay us last month but nothing arrived, what's wrong?"

Forklift Truck Operator:
"huh, monies?, us excuse, Engish no so goods, just drives trucks, no monies".

Marcus: "wtf?!"

[charles clore] 27/2/2017 12:45

Well it had to happen, didn't it - greedy detractors are now appearing talking about a placing to try and sink the price further so that they can buy even lower! I am sure Bahar would be happy to tide their partner over with a short term loan pending settlement of cash distribution.

[steve1905] 27/2/2017 12:44

Having watched midnight express, think I'll go for good old British justice

[greedfear] 27/2/2017 12:36

BTW share price holding up much better than I expected.

[greedfear] 27/2/2017 12:33

Business ethics might be different.
If fighting out a legal battle with a Turkish company what would you prefer: a British or a Turkish court?

[steve1905] 27/2/2017 12:27

I'm with Dan, no further comment from Stratex is a very bad sign. Maybe Marcus doesn't really go for these Shareholder infomercials but battening down the hatches ain't gonna work

[danieldruff2] 27/2/2017 12:19

Been away this morning, which included walking past Bob's office in Eastleigh - it's still standing - surprised that the share price has held up relatively well.

It's not unreasonable for Bahar to be cautious and hold off distribution before Stage 2 is green lighted (I don't think it has been), but also not unreasonable for Stratex to expect ongoing payment through the project. My guess is that the nuance between those two views is the sticking point.

But until they actually tell us for sure what is wrong, less optimistic views prevail. The way European Nickel were forced out of their Caldag project in Turkey springs to mind (though they did receive a sale payment before exiting).

No BRR interview = time to bail

[soulsauce] 27/2/2017 12:16

Yes shoggoth and the BoD need to give us a reason.

[shoggoth] 27/2/2017 12:13

You guys are once again trying to put a positive spin on it. Read the announcement. Stratex believe Bahar have broken the contract, it's not about wanting to recoup all the costs before paying out - THEY ARE AVOIDING PAYING OUT AT ALL.

[5huu] 27/2/2017 12:03

For what it's worth, my take on this is I t's just a case of WHEN funds will be payable to Stratex, rather than IF funds will be payable. So Bahar wish to recoup all their costs before any funds are paid to Stratex.This is where needs to clarify things IMHO.

[shoggoth] 27/2/2017 12:02

Bahar are playing Stratex for fools. And they know they are short of cash, and not domiciled in Turkey, so what chance is there of a quick resolution. We have ZERO leverage here. Do you think that getting a forensic accountant into the JV company is going to be productive? I think there's very little chance of a positive outcome now the gloves are off.

[luminoso] 27/2/2017 12:01

No. We need more detail.

[russman] 27/2/2017 11:50

Does anyone know Bahars side of the arguement.