Stratex Share Discussion Threads

[shavian] 15/7/2016 22:19

Ooops....coup in Turkey...what next???

[dogwalker] 15/7/2016 21:41

Well, of course it should in a positive way if we follow the POG....

[dogwalker] 15/7/2016 21:40

Hope the story now coming out of Turkey doesn't impinge on us.

[charles clore] 15/7/2016 15:48

Juju - I have to let off steam occasionally and I recently reiterated my thoughts to Bob as well. He understands the current lack of clarity does not help anybody. He says they are liaising closely with Bahar to resolve the uncertainties and will update the market as soon as possible.

[tadtech] 15/7/2016 15:39

I would like to think we will get a production update next week as they announced Q1 on the 18th April. Bob also suggested at Mining Capital on the 10th May they hoped all 'financials' with Bahar would be completed in 4-6 weeks.

Hopefully the update will confirm that Stratex have received their first cash from the mine, which by my calculation, should exceed £2m for the 6 month period if Q1 production is replicated..

Adding $100 per oz to the already stated cash cost is fair guesstimate in my view, that would make the AISC of $660, if-so that leaves a very healthy margin with gold over $1300oz.

I would hope once the market starts to see real cash coming into the bank the shares should respond accordingly, the company is still very much below radar & remains seriously undervalued to peers.

[juju44] 15/7/2016 15:30

Charlie , I think even you have got frustrated here now

[charles clore] 15/7/2016 15:26

Goldendigger - if Stratex had emulated the returns we have seen on other similar stocks the price would be 3p WITHOUT the update! danieldruff is right, the market has completely ignored STI because it cannot provide large investors with the information they need for an investment decision to be made. It's a real shame the ordinary shareholder has suffered so much and I hope when everything is resolved the company recognises that (BOB, ARE YOU READING THIS?) we deserve a long overdue reward (A DIVI) for our patience!

[goldendigger] 15/7/2016 15:19

The graph would look nice if this spiked to 3p Monday morning if we get the update and all is fine and dandy!

[danieldruff2] 15/7/2016 15:13

The production profile of the mine is pretty straightforward. It's the dealings with Bahar which really matter - what arrangements have been made on costs and when is the first meaningful payment.

[charles clore] 15/7/2016 14:49

If a production update is coming its timing surely must be as stated previously by the company. The reason I say that is - we have no reason to expect any production problems at Altintepe as that kind of information should have been made known to shareholders already.

[goldendigger] 15/7/2016 14:27

Tempted now. Would have expected a bounce today. Got a funny feeling the update will be Monday.

[charles clore] 15/7/2016 14:17

juju, shavian - timing could be just about perfect if we get a good update in the next week or so.

[juju44] 15/7/2016 14:12

Charlie , you could be right about the IHS - potentially a good spot

[shavian] 15/7/2016 14:12

Maybe Charles, it needs to go below 2p to be sure

[charles clore] 15/7/2016 14:06

Would you Adam and Eve it juju.

By the way, is that an IHS I see forming on the chart?

[juju44] 15/7/2016 14:00

Just no belief here. Gold announcement imminent and not a buyer in sight

[luminoso] 15/7/2016 12:09

Nice looking thread this. I would have been sorely tempted at yesterdays lows if I had been paying attention, but as Charles said, the prices were rigged. That production update must be due....

[charles clore] 15/7/2016 09:32

clan - did you buy some of these for the grand price launch, coming soon imho!

[longshanks] 15/7/2016 07:33

....51....52.....53....54.....55.....56....57.....58.....59....60...

[shavian] 14/7/2016 22:23

Charles - of course. Welsh hospitality requires us to provide wellies with sockets in front for the hind legs.

[longshanks] 14/7/2016 21:04

....21....22.....23.....24......25....26......27....28....29.....30....31......32.....33....34....35....36.....37......38....39....40....41....42.....43.....44.....45....46....47.....48....49.....50....

[charles clore] 14/7/2016 20:42

Shavian - do you supply wellies as well?

[shavian] 14/7/2016 18:24

Speaking from Welsh Wales I can definitely confirm that they say baa baa, and very pretty some of them are too.

[exbiz] 14/7/2016 17:51

CC I was just guessing that it was ba ba but if you have such a close relationship with sheep that you can convey that they are actually saying baa baa I'm happy to bow to your greater knowledge :-)

[exbiz] 14/7/2016 17:48

Shortarm I desperately want this company to do well and the share price to rise. With the assets that the company have and a gold mine in full production the share price should be soaring but there is an elephant in the room which is handicapping the share price and that's lack of information and the fact that the share price has risen by much less than many of its non production peer group should be a cause for concern for any serious investor. But if you perceive a rise from 1.2p a share to 2.2p a share to be a qualified success then perhaps you set your horizons lower than mine.