Stratex Share Discussion Threads

[goldenshare888] 29/7/2016 16:20

:)))

I foresee an interesting couple of weeks ahead here! (about time we heard news on production, LONG OVERDUE)!!

GOLD could attack $1400 any day now..........

BIG NUMBERS AHEAD FOR GOLD



:)))

NB. INVERSE H & S here?
Last time I saw this recently on a chart I made STACK!

:)))

[observer007] 29/7/2016 14:17

Gold moving up nicely now $1345, could be the start of another upswing possibly breaking $1400oz

STI must be one of the lowest valued low cost producers on AIM with a market cap under £10m + £2m cash + more coming from Q1&Q2 production.

Cheap as chips

[shavian] 29/7/2016 07:53

Throwing good money after bad IMO. I was bored with GRL two years ago, and I'm still bored

[corguv] 29/7/2016 06:30

Would guess they are looking at a small area to test if they can find enough near surface oxide ore to cart off and take away by truck. The area GRL found dominated by over 85 percent sulphides. Yawn. Jolly Geologists.

Meantime nothing, rien, nada, Altintepe news

[shoggoth] 28/7/2016 22:42

RC is cheaper. It depends what they're targetting. Sounds like they are focussing one a small area.

[danieldruff2] 28/7/2016 18:15

And there's the old AIM resource tiddler favourite
"assess other strategic opportunities"
which I presume means flick trough Geologists Monthly

[exbiz] 28/7/2016 16:51

What the chuff do they expect to find with 2,000 meters of rc drilling. May as well just head out with a bucket and spade for a couple of days for what good it'll do.
2,000 meters will cover almost no ground and they are utilising the least precise form of drilling which means as far as i am aware results gained by rc can not be JORC compliant.So what is the point ??

[corguv] 28/7/2016 16:00

Another Yawn. Where is the Oxide and how long will £1m run GRL for ?

[steve1905] 28/7/2016 12:55

Perhaps Hall has resigned because there might be some work to do.

[charles clore] 28/7/2016 12:06

Now back to business - where the hell is that production update? Why the silence? BOB if you are reading this please grow a pair, sod the Bahar news embargo and let us know whether or not we are making any dosh AT ALL from Altintepe.

[blobby] 28/7/2016 11:22

goldenshare888, according to my calculations the average price that Stratex have paid per share is now 4.63p per share (previously 6p). So their average price is reduced, but overall they have a paper loss of £600k (using a Goldstone share price of 2.85p) plus the cost of the time from 3 directors who are working on this.

[tadtech] 28/7/2016 11:19

Good to see the funding from Goldstone today with all major shareholders participating.

Now drilling can commence and prove up, what I think will be, a very significant resource upgrade for Goldstone, Stratex hold 33.45%.

Pleased to see funding support coming from Metal Tiger and in particular Red Rock (who are by no means cash rich) Lots of chat around that Goldstone will generate significant shareholder value from current levels.

Also expect to see, driven by Metal Tiger, significantly improved PR and IR from Goldstone which, in turn, will benefit Stratex.

[goldenshare888] 28/7/2016 10:48

Swapped for shares in GRL at 2.5p is my take on it.

Already a paper profit for Stratex and could appreciate quite dramatically with resource upgrade and mining decision.

:))

[steve1905] 28/7/2016 10:38

Has the loan been written off?

[charles clore] 28/7/2016 10:32

Chris Hall comment: I am very pleased that due to investor demand, Goldstone's planned £850,000 financing was increased to £1.0 million.

Blobby - it was probably felt that as there are so many partners involved in GRL there was a slight imbalance with 2 Stratex directors on the board. So a fair decision to bring in an independent imho

[blobby] 28/7/2016 10:32

Positives:

* Funding achieved and Stratex get the loan plus a paltry 5% interest converted into shares as other large investors stump up some hard cash.
* A plan to do some project development is achieved, which might come good for Stratex.

Negatives:

* Some control lost with Stratex having one less director on the board.
* Some more Stratex cash sent off to Goldstone.

[goldenshare888] 28/7/2016 10:24

I am also VERY pleased to see STRATEX diversify their asset base.

In this game it is certainly VERY wise to not have all eggs in one basket!

:)))

Hopefully we will see further news/deals/upgrades on STI asset base.

[shortarm] 28/7/2016 10:20

I think everyone is very confident the GRL will dig up some gold.... It's just how far away that time is....

[sylvia plat] 28/7/2016 10:19

Mostly positives..

[goldenshare888] 28/7/2016 10:19

EXCELLENT NEWS.

Looking forward to resource upgrade and mining decision.

I guess they are hoping to define c 1M OZ before pressing the button.

I see no reason why they will not get there.

Right next door to GIANT OBUASI 40M OZ SUPERPIT!!

:))

COULD BE MASSIVE RETURN FOR STRATEX

NB. I hold both.

[blobby] 28/7/2016 10:15

Latest news on Goldstone:

hxxp://www.stratexinternational.com/public/site/uploads/newsPDF-422.pdf

Some positives and some negatives in this I think.

[romeike] 28/7/2016 10:01

This is getting like a bad TV soap that drags out the main story line so long that everyone stops caring.

[charles clore] 28/7/2016 08:42

Punters can see everything else rising and want some of the action so they sell. But hold on - they are going to buy something else ... that has ... already risen?

[juju44] 28/7/2016 08:21

DOWN AGAIN - MUST BE BECAUSE GOLD IS GOING TO THE MOON