Stratex Share Discussion Threads

[romeike] 04/11/2016 10:32

Meanwhile the FTSE is getting trashed today.

[romeike] 04/11/2016 10:29

"2-3 months to report on Altintepe cash flow" - sorry is this quoting Marus? Not sure how they can need another 2-3 months to discuss the cost of a leach pad.

[juju44] 04/11/2016 08:05

Another damp squib. When tf are we going to be told how this company is performing and where is our share of the gold sales so far. Its pathetic

[flavio_monteiro] 04/11/2016 07:55

They are not allowed to reveal any price sensitive information at the presentation! Daniel!

[danieldruff2] 04/11/2016 07:48

I am struggling to see a crumb of comfort from yesterday. Did they really have nothing to say about the Djibouti drilling, which should be all wrapped up. Or the intention of the Egypt drilling? Or timelines for the Altintepe extension drilling?

Cash is always the bottom line and they will have to place around end Q1 2017 unless Altintepe cash comes in, although flogging a few bits of the portfolio might buy them another quarter.

Sadly this deserves its market cap of 10m with the current state of play.

[shoggoth] 04/11/2016 03:58

Tadtech:
"Implied the BOD not holding shares in the company unacceptable."

Was Chris Hall there, did you see his face when this was mentioned?
The new CEO seems like a decent chap, if he can nail the main issue of non-alignment of BoD interests with shareholders.

[punkfeelinglucky] 04/11/2016 00:06

Doubt it greed, or should I say fear.Happy to hold.Thanks for the snippets Sicilian and tad

[greedfear] 03/11/2016 23:44

The CEO has spoken, tomorrow the market will. If history repeats itself it's bye bye 2p tomorrow (as in <2p).

[tadtech] 03/11/2016 23:20

I think the possible corporate moves may outweigh the delay in receiving cash from Alentepe.No partner has received a dividend from the mine yet both are anxious to do so.Stratex had £2.7m in June so still plenty of cash in the bank.

[greedfear] 03/11/2016 23:20

"To grow into <100,000 ozpa gold producer ..". Not much of an ambition as we're already there. Vague.
No cash position in presentation. Why not? Unusual not to mention cash.

Hm.

[greedfear] 03/11/2016 23:06

So no cash received from the jv?

[tadtech] 03/11/2016 22:58

Implied the BOD not holding shares in the company unacceptable

[tadtech] 03/11/2016 22:53

He said he will improve PR and IR, has extensive contacts in the City aims to introduce new signficant investors to the company.

[sicilian_kan] 03/11/2016 22:46

I think he is the right man for the job. I think he has high aspirations and realism in the meantime. I don't think there will be a re rate immediately but there will be medium (2-12 months) term shareholder value.

[punkfeelinglucky] 03/11/2016 22:45

Production update?

[sicilian_kan] 03/11/2016 22:41

Thinks he can get real value out of Dalafin. Not got resources to drill it at mo. More holes / partner are options.

Will look at SE Asia

[sicilian_kan] 03/11/2016 22:40

Bahar may wish to jv on other potential projects

[sicilian_kan] 03/11/2016 22:39

Bahar went into production too quickly. Some matters like waste pad work and water management needed dealing with. Need fund additional leach pad. Discussions how to fund.

[sicilian_kan] 03/11/2016 22:37

2-3 months to report on Altintepe cash flow.

[punkfeelinglucky] 03/11/2016 22:33

Anything about altintepe, anything?

[tadtech] 03/11/2016 22:23

Under new CEO main emphasis is on delivering shareholder value

[steve1905] 03/11/2016 22:14

Those presentations normally have an update on the cash position, I see no mention. Same old stuff about investing in producing or near production assets. Didn't Bob say that?
Hopefully Marcus had something more uplifting to say at this evenings offering. Without clarity on the funds from Altintepe this is heading lower

[charles clore] 03/11/2016 21:58

vosene - agreed re. 40k