Stratex Share Discussion Threads

[juju44] 28/10/2016 11:30

DOWN 12% !!!!!!!!!!!!!!

[juju44] 28/10/2016 11:28

Flavio , nothing wrong with Bahar but are they going to pay any money to STI. Its the relationship that is a shambles from STI point of view

[danieldruff2] 28/10/2016 11:18

Spotted by an eagle eye on LSE... Thani Stratex have hired a rig for drilling this month... like it only took 5 years or so since the initial work... sigh

[romeike] 28/10/2016 10:55

The inevitable sell down to 2p.

[greedfear] 27/10/2016 14:32

I don't care, all I care about is the share price and that's been a torture.

[romeike] 27/10/2016 14:07

I for one propose a photo shoot of Marcus looking at the Stratex current account to check that we have indeed finally taken receipt of a big wad of much-awaited cash.

[flavio_monteiro] 27/10/2016 13:58

Bahar are not in shamble...far from it! Their operations, organisation, and gold output on the JV mine in Turkey mine (with Stratex) over the last the last year since first pour have been sensation. Target 300000 Ounces of Gold for the first year, they have surpassed that and will be nearer to 45000 ounces.

[blobby] 27/10/2016 13:55

Charles,

"The photo shoot comment was tongue in cheek btw!" :-) sorry I didn't pick that up, but I see it now.

[juju44] 27/10/2016 13:48

Bahar sound like a shambles - at our expense as usual

[flavio_monteiro] 27/10/2016 13:34

With our new Dynamic CEO, all the issues with Bahar and the board will be sorted.
I am confident in the future of STI :-)

[tadtech] 27/10/2016 13:32

If you read my post last week, following a discussion I had with a experienced mining Project Manager, you would have seen that it is not unusual, especially for a new mine, that it takes time to establish first dividend payment.

Once the mine has delivered production, over a period of time, firm costs (as opposed to studies) can be established and then forward costs agreed. Once agreed a dividend is usually paid annually or sometimes 2 times a year.

One company has pulled out of the Proactive event next Thursday which will leave more time for Stratex. I hope by then we may have news.

Just a little more patience folks!

[shoggoth] 27/10/2016 13:28

Cbarlez
The whole Altintepe thing has been a story of obfuscation. Why the BoD would be complicit doesn't make any sense, we have always been told it is Bahar not disclosing. Hence I think nothing is likely to be imminent. But what do I know? About as much as the rest of us. We are all just guessing as has been the case for the last 5 yrs

[flavio_monteiro] 27/10/2016 13:22

Estimate full year revenues of $55m....

[charles clore] 27/10/2016 13:22

shoggoth - Bahar seem quite good at responsibly executing a quality job of mining and financial planning imho.

[juju44] 27/10/2016 13:17

With 33m in revenue how tf have they not paid anything to Stratex

[shoggoth] 27/10/2016 13:09

Just because you can't think of one it doesn't mean that Bahar can't. They seem quite good at it.

[tadtech] 27/10/2016 12:58

Marcus already met Bahar soon into his tenure and is meeting (or has met) them again following. I expect news in November.

I cannot think of any reason why a significant cash deposit should not shortly find it's way to Stratex. To H2 the mine delivered $33m in revenues!

[shoggoth] 27/10/2016 12:43

In my view any company that is using people such as yellow jersey is trying to find a hiding place. Results speak for themselves. If you cant deliver then a different public face isnt going to help much.

[charles clore] 27/10/2016 12:29

For what it's worth I think the unimpressive Yellow Jersey could/should be replaced as part of the Marcus reshuffle.

[romeike] 27/10/2016 12:24

I imagine the investor relations company is distributing the RNS on Stratex' behalf and doing so under its own license (about 5K annually) with the Stock Exchange. The cost to Stratex will be part of or included in its monthly bill to the agency which I imagine runs at something like 2K/month.

[danieldruff2] 27/10/2016 12:18

It'll be an improvement over Bob if he avoids playing karate with the microphone

[charles clore] 27/10/2016 12:15

blobby - I have always found Proactive to be factual and quite a good source of information. There is no reason to doubt that bigger fish would not be interested in their functions and reports. Surely, any and all information we can gather at this stage must be of interest, both to existing shareholders and potential new ones?

The photo shoot comment was tongue in cheek btw!

[shoggoth] 27/10/2016 11:56

If it is true that bob was pushed and larger shareholders instigated it, this proactive is probably also at the behest of these guys, and intended for the punters. Seems strange.

[blobby] 27/10/2016 11:52

Charles,

If Marcus thinks this requires a photo shoot then we have the wrong man for the job.

Proactive Investors probably isn't the place for market professionals (I stand open to correction on this).

If it is private investors Stratex are appealing to then an RNS is probably too expensive (how much does one cost?)

[charles clore] 27/10/2016 11:39

blobby - I would imagine photo shoots are quite a way down the CEO's priority list at the moment. As to whether or not today's informative RNS was necessary, that is a good question. First of all you may have noticed that this announcement is marked 'non-regulatory' meaning it isn't obligatory. An RNS is issued for different reasons but in this case I would go for the simple answer - market awareness. Regulatory News Service announcements are visible on over 2 million market professional terminals, databases and financial websites across the world. Stratex needs exposure to as many of these as possible as part of its strategy to be taken seriously by the market and get the share price up. So it's an invitation to come along, watch the new CEO present and ask questions. Then, if you like what you hear, invest in the company.