Stratex Share Discussion Threads

[romeike] 06/7/2016 14:37

Just updating after reading Tadtech's comment earlier re: Ariana in case anyone is interested. I see this stock is now up 12%, STI also up 12% as I write.

[tadtech] 06/7/2016 14:20

There is rarely anything online when gold moves higher or on STI news-flow.

Fact is, what people forget, is that STI has a major shareholder list unlike many juniors, very few shares in free float therefore.

Market cap still under £10m !

[greedfear] 06/7/2016 14:17

Anyone else having trouble buying online?

[greedfear] 06/7/2016 14:14

It's a great time to buy/add. Gold in $ up, GBP to $ down (so income in GBP up), and GBP to Euro down, meanwhile STI being undervalued.
Perfect time to buy/add.

[greedfear] 06/7/2016 14:10

Probably. But it all just has gotten a little cheaper for me measured in euro's. Wonder why? :)

[charles clore] 06/7/2016 14:05

greed - aren't you fully loaded by now?

[greedfear] 06/7/2016 14:02

Come on MM's, let it fly, you know you want (have (?)) to!

[greedfear] 06/7/2016 14:00

Trying to buy online at full offer. No such luck.

(Funny thing is, immediatly after a buy at full offer the bid was lowered (?). MM's must have a shortage in shares).

[longshanks] 06/7/2016 12:23

y a w w w w w w w n n n n n n

Stop hanging around those witches and come out into the daylight more shoggy: you will live longer - honestly you will.

[shoggoth] 06/7/2016 12:06

Exbiz yes to paraphrase..
To-morrow, and to-morrow, and to-morrow,
Creeps in this petty pace from day to day,
To the last syllable of recorded time;
And all our yesterdays have lighted fools
The way to dusty death. Out, out, brief candle!
Life's but a walking shadow, a poor player
That struts and frets his hour upon the stage
And then is heard no more. It is a tale
Told by an idiot, full of sound and fury
Signifying nothing.

[tadtech] 06/7/2016 12:00

Sit back and enjoy the ride back to 7p-8p, yes it will happen.

Current £9m market cap = anomaly

[juju44] 06/7/2016 11:56

Maybe its being massaged into Bobs Cayman Islands account , away from shareholders

[exbiz] 06/7/2016 11:52

Mañana, mañana always mañana

[goldendigger] 06/7/2016 11:46

Hopefully we will have a clearer picture in around a weeks time.

[juju44] 06/7/2016 11:45

Maybe they will refuse to hand over any money

[steve1905] 06/7/2016 11:37

Bob "recognises an update is long overdue"

Suggests he doesn't know important details or they are withholding them

[exbiz] 06/7/2016 11:31

CC that's the point the market doesn't believe we have received so much as a penny yet. I find this utter state of inertia with respect to clear and concise mining figures and returns utterly contemptible and there really is no good reason for it. We should be flying on solid production figures and incremental cash returns but the market has no concise figures to work with just an initial Q1 processing figure; which could just be an anomaly; and the suprise omission of a mine closing figure yet to be calculated which was absent from the fs and subsequently not factored in to any IRR figures. No news is bad news unless proved otherwise in this fragile market and the sooner that Bob clears up this ambiguity the better for all concerned.

[cliveas] 06/7/2016 11:17

Buys stacking up now!

Tick up but bid still stuck!

[charles clore] 06/7/2016 10:27

exbiz - mining costs $550/oz, estimated annual production 40,000 oz, gold $1375, split 1:4.

1375-550 = $825/oz surplus.

825 x 40,000 x 20% = $6.6m

No I don't believe they have made a large payment yet or we would have known about it.

[exbiz] 06/7/2016 10:16

CC without being too mischievous how did you get to that figure when the great man Bob doesn't have a firckin clue on figures after 8 months of production to date ? Two thirds of the way through the year do you really believe that Bahar have already transferred more than $4 million into our account ?

[charles clore] 06/7/2016 10:07

@$1375 gold $6.6m to Stratex first year

[tadtech] 06/7/2016 10:03

I notice the share price of Ariana is also not moving up despite being right next door to Hot Maden plus they are drawing closer to production.

I think, at the moment, there is a limited pot of cash circulating the sector from traders. When that pot arrives on a company you get a strong bounce but in the cases of certain stocks these entities move on and take profits.

One issue with Stratex is the market makers are very reluctant to make a market when either news is due or gold is moving up strongly. Investors are reluctant to go 'at best' so they move on to something that appears more liquid.

News is due here we all know that and so do the market makers.

[shortarm] 06/7/2016 09:36

Keep it up lads, someone just dropped 50,000 :-)

[shortarm] 06/7/2016 09:35

Hehe, the naysayers out in force again....12,000 ounces in the first quarter with some stoppage time due to mud...Way over enthusiastically I calculate 48,000 ounces is nearly 30 million a year profit, 45 percent of which will very shortly belong to Stratex....