Stratex Share Discussion Threads

[kingivor] 03/3/2017 16:29

Best they get on with it cos if Marcus procrastinates Stratex could face raising at a penny.

[luminoso] 03/3/2017 15:56

Yes probably true , Charles.

[juju44] 03/3/2017 14:56

This is down . The mms have opened the spread. Also those other miners have done well over the past year not like this.

Like when Bob was wrecking things here and was hero worshipped by a lot of punters , marcus is now attracting the same belief . Peeps seem to think we got a star who will ride in on his white horse and save the day . He was mediocre , at best , at Archipelago and didnt deliver much wealth for investors there. If he is a star what is he doing at a £ 8mill. cap mickey mouse outfit like this

[romeike] 03/3/2017 14:29

Juju, most gold associated stocks seem to be down sharply this week, in fact STI is the only one on my list that is up this afternoon(4%)

The impasse with Bahar does need to be resolved as soon as possible but I think this short term movement is more general

The urgency of the impasse will no doubt be revealed with the YE update

[danieldruff2] 03/3/2017 13:47

Sure Bahar will pay up but the timing has become critical.

I reckon STI have between 1 - 1.5m left in the bank. In the past they have raised when funds dropped below 2m. They can't leave it beyond mid year IMO.

[juju44] 03/3/2017 13:42

Shortarm - nice one . You are a fast learner

[steve1905] 03/3/2017 13:37

All that matters around here is the micro issue of whether Baha pay up and when

[charles clore] 03/3/2017 13:16

Lum - they may not raise them for a long time but the Fed will hold the world to ransom each and every month with threats to do so in order to suppress precious metals

[shortarm] 03/3/2017 12:33

Juju - no volume so means nothing :-P

[charles clore] 03/3/2017 12:03

I cant see them raising rates by any significant amount this year without causing countries to collapse. Time to wheel in the new silver and gold backed currencies imho.

[juju44] 03/3/2017 11:49

Share price says it all . Market confidence in satisfactory early resolution is zero

[romeike] 03/3/2017 10:24

Gold down inversely on spiking USD caused in part by the Trump trade and also now by some chatter from talking heads at the Fed pushing for a big bank friendly rate rise in March.

[exbiz] 02/3/2017 22:00

Good posts luminoso and dd.

[charles clore] 02/3/2017 21:28

Good luck clan whatever you choose to invest in.

[corguv] 02/3/2017 19:44

Just for the record.
YH there was a Stratex placing on 28 March 2012.

Stage 1 is not affected by the still "unknown" outcome of the Kayatepe Zone Legal challenges. Beyond Stage 1 there could remain production and other questions perhaps ?

Anyway I no longer hold and have resolved not to post further

[danieldruff2] 02/3/2017 19:04

It's not Bahar's fault that Bob blew 17 million leaving the cupboard a little bare.

You can kind of understand their position. They must have put the thick end of 50 million dollars into the JV, and I doubt they would break even with their share if the mine never went past stage 1, that's before you factor in closure costs. In that situation I would like to see Stage 2 costed and guaranteed to know I'd actually be making an overall profit!

As was said in the summer RNS:
"distribution of net cash awaits agreement by Stratex and Bahar on the post-Phase I mine-development plan and the evaluation of the Project's future requirements for capital expenditure and working capital."

Has this step been completed, not seen any sign that it has

[ryanandbethanjones] 02/3/2017 19:01

FWIW I was impressed with the interview Marcus gave on the 28th and have picked up a few more this week.

The reasons I have to be optimistic? none other that i agree totally with 5Huu's post number 14169

[charles clore] 02/3/2017 17:49

Seriously short poor Harry desperately needs a lower price or he is fu ck ed.

[youngharry2] 02/3/2017 15:20

This company is nothing without Altintepe and now we are told the partner has all the cash under lock and key, isn't agreeing to a cash distribution. Worse still we are not told why this is the case. We are given a hint this may need to be resolved by legal action which is characterised by certainties of costs and long timescales and uncertain outcomes.

If, has been suggested, there is as little as £2m in cash then STI is no position to fund continuing costs, legal action and standing its corner in costs arising from its other prospects. The other assets are millions and years away from production and profit.

Marcus has left shareholders hanging in respect of a strategic response to this precarious position so all shareholders can do us crayon in some ideas for him from the Bob colouring book: dilute assets, sell assets and place shares.

[steve1905] 02/3/2017 14:59

I believe, as holders, we've been pretty well duped by Stratex. Months without news or response to emails should have been warning enough and now we're left wondering how parlous relations are with Baha. It's not difficult to imagine things being quite frosty to put it mildly.

[exbiz] 02/3/2017 13:29

Juju the announcement this week pretty much disclosed the real issues that they are having getting paid and I can't really see what else there is that can be worse than that.

[exbiz] 02/3/2017 12:56

Anyone on here invested in Eurasian Minerals who have agreed to sell their Sistora project to Bahar ??

I've just had a look back over it and seen an interesting point in the agreement:-

Commercial Terms.
The Agreement provides for Bahar's staged payments to EMX as summarized below (all amounts in USD):
$250,000 cash payment to EMX upon closing of the sale (completed).
Annual cash payments of $125,000 (“Advance Cash Payments”) payable on each anniversary of the closing date until commencement of commercial production from the Property.
3.5% of production returns after certain deductions (“NSR Payment") for ore mined from the Property that is processed on-site (increased to 5% if the ore is processed off-site).
The Advance Cash Payments will be credited at a rate of 80% against the NSR Payment payable after commercial production commences.
The NSR Payment is uncapped and cannot be bought out or reduced.

They've inserted their "certain deductions" caveat...suprise surprise !!!

Good luck to them getting paid.