Stratex Share Discussion Threads

[flavio_monteiro] 03/11/2016 11:50

exbiz - You are correct (So what is the figure for Closure???) We cannot say because we don't know YET! Hopefully our new CEO will address this shortly...

These Provisions for expansion + Closure should have been carried out at the bankable feasibility stage not now!

[exbiz] 03/11/2016 11:36

You say20% Stratex $4.365696Minus = Provisions for expansion + Closure (to to decided)So what is the figure ??? You can't say because we don't have any other figures apart from half year revenue which we know will have associated reductions, everything then becomes guesswork.

[shoggoth] 03/11/2016 11:27

So why the silence? Surely not related to our ceo leaving the building.

[charles clore] 03/11/2016 11:23

exbiz - I feel sure they will be making good progress towards a figure which encompasses all future costs. The amount required, even for the entire caboodle, is not infinite and there must come a point where the amount in the jv bank balance, growing at the rate of $2-3m a month outweighs any rationality in not commencing a shareout.

[flavio_monteiro] 03/11/2016 11:13

EXBIZ - You need to read all the RNS from this year

My figures are VERY ACCURATE!

See below...

18 April 2016

Stratex International Plc

Altıntepe Production Update

Contract mining is being undertaken by Stratex’s partner Bahar Madencilik (“Bahar”), with Altıntepe Madencilik responsible for all other elements including mine planning, grade control, processing, and sale of the doré to a refinery in Turkey. Total operating costs (less closure and working capital costs) currently stand at approximately US$560/oz, with the contract-mining cost fixed at US$450/oz until 30(th) June 2016.

[exbiz] 03/11/2016 11:02

Flávio other than the stated revenues all the other figures you state are based on nothing but guesswork

[flavio_monteiro] 03/11/2016 10:58

Our Views are aligned! Charles

[flavio_monteiro] 03/11/2016 10:57

Shoggoth! The Greater the revenues (and price of Gold) the greater the Net profit!

Revenues = $32.73 million
Cost per Ounce $560 = $10.901520 million

Net = $21.828480 million
Minus = Provisions for expansion + Closure (to to decided)

So for the First half of the Year(H1)
80% Bahar $17.462784
and
20% Stratex $4.365696
Minus = Provisions for expansion + Closure (to to decided)

Full year Revenues....possibly double!

[punkfeelinglucky] 03/11/2016 10:49

Tailor, I was half expecting a total collapse with no rns so glad it has held.

[charles clore] 03/11/2016 10:44

The point surely has to be this. The sooner the jv partners can agree on the amount of cash required to support the mining project throughout its life, the sooner profits can start to be distributed between the partners, then Bahar will be repaid their mine startup costs and Stratex gets to the 45% profit position. That means keeping the mine running at optimum output for 2 years at the current gold price. After that we hit the sweet spot and it's bingo!

[shoggoth] 03/11/2016 10:29

You are missing the point. It was always about net, not revenue.

[flavio_monteiro] 03/11/2016 10:19

We are delighted to report that H1 gold and silver sales have generated total revenues of US$32.73 million. In addition, our partner Bahar Madencilik ("Bahar") has advised us that production remains on track to meet the minimum annual production target of 30,000 oz gold, with 19,467 oz gold produced to 30 June 2016.

Considering they had problems to start with, we could be looking for revenues for the JV of $64 - $66 million for the year....

[charles clore] 03/11/2016 10:07

steve - would the $33m generated by Altintepe jv qualify as glossing over?

[exbiz] 03/11/2016 09:27

I do hope he can inform us all as to what the thug is going on at ThaniStratex ?? Bob and Claire's stock answer was always ' it's a separate company and its down to them to release news' which is quite frankly ridiculous when we are a major shareholder and contributor to the company. The ThaniStratex website has been nothing more than a holding page for the last two years or so and any questions directed to them are completely ignored. I'm hoping Marcus can divulge more information as we have all invested heavily into ThaniStratex with both resource and monies. It's about time we started seeing both results and progress there.

[steve1905] 03/11/2016 09:27

There is not too much he can say this evening about Altintepe cash flow. We can only assume that nothing material has changed or it would have been notifiable. Hopefully, his two month tenure will allow him to set out his vision.

[exbiz] 03/11/2016 09:20

I'm hoping that they will publish the presentation on the Stratex website after this evenings presentation so that we all get a good idea of where Marcus will be taking us. Vital that we get update on Altintepe with clear guidance as to when we will receive income, rather than the usual wooly answers from the past of 'oh well we're meeting up with Bahar in the next fortnight and seeking a resolution' that has never come. Also need clarity as to what exactly is occurring at GRL which just seems like a complete lottery at the present time.

[tailor1] 03/11/2016 08:56

Sti down this morning, lets hope we get positive and clarity today.

[corguv] 03/11/2016 08:16

Well Marcus if I have read the man right will vey shortly be giving us a road map
to the future of Stratex under his leadership.

[shoggoth] 03/11/2016 08:15

Charles thanks for a reasoned response. I think stratex now has a chance to become a real company rather than a geo club. But that is different from the 79c predictions. We still do not knowuch about Bahar. I would not trust Bob's view of it and unfortunately we have to see the relationship through his lens. I hope the new ceo has met with them and can clarify things. Clarity is what we need at this point. And revenue.

[shoggoth] 03/11/2016 08:00

Goldenshare
You say same old. Yet you do not know the facts and suppose to the world that you do, and that it is contrary to everything that the company has so far managed. I would like to think that our management is better now, but the relationship with Bahar has so far been "same old" since 2011, i.e. delays and unexpected costs. Yes I do hope this comes hood but I think you are naive.

[charles clore] 03/11/2016 08:00

shoggoth - fair point and had the upgraded clay circuit been installed at the construction phase I would totally agree with you. Then it would have been added to the construction costs. As the need for it was identified later it became an operational cost borne by the jv partners. But the clay circuit was essential to keep the mine producing to target. It could not be dithered over and I applaud Bob for agreeing to the expenditure and keeping production on track. The difference it makes to the amount of revenue coming to Stratex in the overall scheme of things is minimal. I don't doubt there are similar occurrences happening as the nature of mining is never clear. Constant adjustments have to be made and some of them are expensive. I'm afraid a jv is a partnership not a free ride.

[goldenshare888] 03/11/2016 07:17

I think the mine life will be extended well beyond 34 months!

We are just getting started in mine terms.

All will no doubt be revealed soon and those who are insecure will hopefully be relieved and wish they had bought more at the lows.

Same old,same old.

Keep the faith.