Stratex Share Discussion Threads

[goldenshare888] 09/8/2016 16:24

right shoulder complete?

:))

[georgesorrow] 09/8/2016 14:10

Did I miss STI's report on Q1 then?

[tadtech] 09/8/2016 13:30

I noticed another AIM producer only just reported Q2 production today.Seems STI are not necessarily late after all.

[greedfear] 09/8/2016 12:46

Just got back from the future, news is getting close.

[charles clore] 09/8/2016 10:28

Wednesday could be a day to watch if the team has collated information from Altintepe. We could see some lighting of blue touchpaper if the outcome is good.

I'm not saying anything WILL happen tomorrow. Just that IMHO news must be getting close.

[romeike] 09/8/2016 10:04

Another day, another information blackout

[exbiz] 05/8/2016 17:47

I've seen on the rampers board figures of £20-30 million aired as a value for us selling out our share to Bahar. But this is absolute fantasy, how on earth can you attribute any value to our share when we have no meaningful production figures, no court case resolution, no idea on phase 2 and 3 mining at Altintepe, no idea on mine life and zero idea on monies already received from Alt, if any. Complete garbage ramping with no foundation or logic to it, they may as well say our share is worth £10 billion and have done with it. But I suppose with a comatose board of directors entirely averse to disclosure what else is there to dream of.

[juju44] 05/8/2016 17:30

Correct Corguv . Thats why we need a buy out

[corguv] 05/8/2016 17:17

Agree with Steve, after the sale of Oksut there was £17 million cash in the bank,
all now gone, plus the Oksut NSR was flogged off at the end of 2015.
Nothing came the shareholders way.
It was all frittered away on directors, admin and blown on fun projects with mates.
Will ye never learn ? If any money comes Stratex way, it will fritter away.

[romeike] 05/8/2016 15:37

Agreed. A takeover is interesting. Just selling Altintepe would have to be done at a substantive premium and combined with a special dividend to investors otherwise it would be simply unacceptable as a total about face on the bods stated strategy of continued, reliable cashflow providing sustainable investment to fund active development of a quality late-stage project.

[charles clore] 05/8/2016 15:04

If the Stratex board sold our 45% share of Altintepe to Bahar the chances are we would not see a penny of it so that being the case it might be better off sold. I would like to see a little bit of a return for my years of patience and an average investment of 4.7p a share. I'm not in this for the pleasure of sending Bob on geo trips to chip away at limestone and granite with his toffee hammer.

[ryanandbethanjones] 05/8/2016 14:48

The boards silence speaks volumes. If the only way shareholders can see any value from stratex is by selling chunks off then I'm all for it.....

[charles clore] 05/8/2016 14:33

There is obviously some value in the assets well above the market cap. An asset stripper would be talking to Bahar and major shareholders before acquiring 30% of the stock and making a lowball bid for the rest which most dissatisfied shareholders starved of any kind of return for 10 years would grab with both hands. The other projects would be sold off to highest bidders. Then there's the cash in the bank so plenty of room for a profit for the predator even if they offered us 5p a share.

[luminoso] 05/8/2016 11:29

I agree most likely is a purchase of Altintepe only by Bahar. I would prefer a total takeover from elsewhere, but would anyone want to deal with Bahar ? It does not seem exactly easy getting info from them, as we are led to believe.
Hopefully Bahar will buy altintepe and the rest will go to someone else soon after.

[sicilian_kan] 05/8/2016 11:05

Company structure mitigates against a takeover. Why would Bahar want Tembo, Blackrock and Dalafin? They are a Turkish entity.

[goldendigger] 05/8/2016 10:59

I also hope we are not bought out but I have always had a feeling that Bahar wouldnt want to give us nearly half of their profits from the mine and would make sence to pay us off.

[luminoso] 05/8/2016 10:23

In theory, yes, Charles. Assuming no excessive bonuses, unwise investments, etc.
Hence the quicker this is all over the better, IMO, if the price is right.
Preferably they or someone else will take the whole of Stratex and break it up at their leisure. I expect something will come out of left field and handsomely reward those who have been buying low down. That is why i believe there has been a long silence re altintepe. Only IMO.

[romeike] 05/8/2016 10:20

Another $400 / ounce rise and I will agree!

[juju44] 05/8/2016 10:16

Or in 2016 , no ?

[romeike] 05/8/2016 10:02

The BOD are surely in it for the fun not the £££;. Surely anyone worth their salt in the gold business built up a significant fortune between 2000 and 2011, no?

[georgesorrow] 05/8/2016 09:57

The BOD are not major shareholders and have never shown much interest in increasing their meagre holdings. If selling up or takeover were plans I would have expected to see director share purchases along the way. The BOD has nothing to gain from selling out but P45s. I think they will stick with their salaries.

[romeike] 05/8/2016 09:49

I tend to agree that a takeover at a decent share price is the preferred option

[charles clore] 05/8/2016 09:41

That's what I am hoping juju