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Stratex Share Discussion Threads
Showing 32476 to 32499 of 32500 messages
|Thani-Stratex could be onto another Oksut type deposit, which was sold for $20m, they have Middle East investors with deep pockets as shareholders. A premium rating is likely when they IPO.
I am convinced Marcus will be exceptionally prudent with Stratex cash, he was boxed in concerning Altintepe, the situation was untenable for Bob Foster & Co, they had to go.
The market value is an anomaly given the company are probably sitting on around £7m in cash, it looks like Stratex share of Thani could be worth at least that again.
I expect more news, would also like to see some media concerning the sale.|
|Juju, hopefully you're not in a tall building or anywhere near knives or guns!|
|Seen too many of their "winners" cost us money|
|They must use some cash to support their share of T-S juju, which looks like a winner. Let's hope T-S list on the TSX where the market attributes a fair valuation of
assets and enterprise value, rather than this cesspit.|
|The Pandora vein set is unmatched in the country.....|
|They should pack it in now and give the cash to shareholders while there is still something to give|
|Collapse because we have seen it all before . Nothing on offer here now but hope . Cash will be wasted again|
|I agree Steve, it doesn't make sense to me either. The POTENTIAL cash flow from Altintepe was very cheap. A Third Party is going to have to be desperate for STI to secure a replacement deal like that (with acceptable risk).Cheers, tightfist|
|No that's what Bahar said it cost. That was probably a lie too.|
|How on earth can Stratex buy into a near term producing asset with the funds available? Altintepe cost best part of $40m to build|
|Charles,I agree about Anbat, however the corporate emphasis (19th April) is on acquiring near-production mining projects. I hadn't seen production phase as STI core competence but we do need some replacement cash flow to mitigate potential dilution; 5% dilution over the last four years is impressive.Cheers, tightfist|
Good points tightfist.|
|Soul - I think folks first have do deal with Altintepe withdrawal. This will be painful for some and there will be much anger, ranting and selling. After that they can begin to promote Anbat in southern Egypt which has many of the hallmarks of Sukari. Jointly owned by Thani and Stratex I believe this is the way forward for us now.|
|Personally I am glad to see the back of Altintepe (although $8m seems paltry) and would welcome moving out of Muratdere and the other projects too, saying goodbye to Turkey.The valuation once again becomes a matter of trust in Marcus and the BoD to spend OUR money wisely. There seems to be plenty of scope in the African exploration projects (but not convinced about Homase) but the latest corporate emphasis is on near-production projects; is|
|tailor give it time, with the cash and Thani alone the mkt cap should be much higher IMO.|
|If we then have over £6 million in cash and other assets why have we gone down and not up.
I was hoping up, big hope I would say.|
|Tadtech if you look at recent YouTube video of MDV at AAU he stated that eldorado did not drill where aau advised!! This spoke volumes to me. AAU may have their faults regarding method and price of fund raises but what they are excellent at is finding gold be it with their acquired database or exploration expertise. I think it was a large company saying we know best and screwing up , I see it often.|
|RNS said Stratex 'has received' the funds. It was dollars.|
|When will the funds of the sales be in STI accounts, will they announce it to the market.
Would it not mean when the funds are in our value should go up considering we are valued at present £8.18 Million at present.|
|STI cant seem to be successful anywhere . Dont blame the country , blame the management|
|Probably had everything to do with Turkey becoming one of the worst places in the world to do business.|
|Tadtech I doubt ELD giving up salinbas had anything to do with the political situation in Turkey. They have some big assets there and established in the country.|
|I will be attending the Ariana presentation on Wednesday and will ask Kerim what he thinks of the Altintepe sale.
My personal take is that the value of Turkish assets owned by foreign companies are diminishing significantly due to the ever changing political situation and security issues in Turkey. I believe foreign companies will be reviewing their investing policies accordingly.
One very typical example of this, from Ariana themselves, was a presentation they put out in June 2015 at Proactive Investors which I attended.
I recall a very upbeat Kerim Senar suggesting that Ariana's 49% stake in the Eldorado project could fetch upwards of $15m, they provided a chart of historic project sales to back this up.
They added in their end summary, a reason to buy Ariana shares..........
Shareholder value crystallisation through proposed sale of Eldorado project
There was no sale, on the contrary, their partner was happy to get shot of their 51% stake recently for a tiny royalty interest. That to me is a massive example of value destruction due to the current climate in Turkey.
I think we need to take account of recent political/security events in Turkey + the difficulty in dealing with a private Turkish company in such circumstances against the $8m project sale.|