Stratex Share Discussion Threads

[steve1905] 06/11/2016 10:01

Seeing Clinton's reaction to the vicious murder of Gadaffi was enough to let you know she a physcopath

[juju44] 06/11/2016 09:13

Thanks Tadtech. I hope you have judged right

[jimbowen30] 05/11/2016 21:57

Luminoso - you are wrong imo. Juju is right, she is a corrupt gangster. Plenty of stuff out there on the clinton foundation....

[shoggoth] 05/11/2016 21:55

Tadtech, thanks for posting these notes and for taking the time to question the BoD. I had written this investment off so any improvement would for me be a bonus. I guess another 5 years wont hurt.

[shoggoth] 05/11/2016 21:55

(repeat post deleted)

[charles clore] 05/11/2016 19:01

Tadtech - thank you for a most encouraging summary. Did Marcus by any chance happen to mention regular market updates?

[shavian] 05/11/2016 18:12

Either way there is likely to be chaos on the markets this week. POG should be OK, but don't forget that everything fell in 2008, good and bad alike. There may be some bargains to be had.

[juju44] 05/11/2016 16:24

She is a total corrupt gangster

[luminoso] 05/11/2016 16:21

Don't agree, Jim. She may be very flawed, but he is the monster, IMO. I won't celebrate POG going through the roof, if he wins, that's for sure.

[tadtech] 05/11/2016 15:12

Have collected my thoughts on the presentation Thursday and conclude that we are fortunate, very fortunate, that change has been implemented at the top.

I noted that Christopher Hall was telling all and sundry he was behind the appointment but I have good grounds to believe that change was forced on Stratex by a major shareholder, the sudden departure of Bob Foster was not explained on the night. Talk about recruiting a experienced executive management team implies more change is coming.

From my conversation with Marcus Englebrecht it seems, even after only 2 months in charge, he is already holding discussions within the industry to either sell, acquire new, or JV Stratex's suite of projects/investments.

He also aims to make Stratex more visible to the investment community, he is aware of the company's current under-radar status and fully understands it is the retail investor who can drive a stock re-rate.

Reading the presentation it is very clear that Stratex are failing miserably to inform the market of its on-going operations. Four Turkish projects have been JV'ed or transferred to Turkish companies to operate, in return Stratex are getting a NSR or some other performance reward on success. I cannot recall any of these deals being reported. Same non reporting issues apply at Thani-Stratex, Dalafin etc etc.

The main issue on the night was the revenue situation at Altentepe. Marcus met the JV partner last week, his emphasis was on delivery of cash distribution. This is the No 1 aim of both parties. One thing that did come out, which is most encouraging, is new confidence mine life will extend to 9 years is high. I think this is a material event.

There is no animosity, as some have implied, between Stratex and the Turkish partner, it was stated that the partner, a major conglomerate, want to introduce Stratex to new opportunities in Turkey.

I spoke with Emma Priestly concerning Goldstone, it seems the drilling results are imminent and they are defending the claim made by a former director vigorously. She seemed pretty upbeat on the night.

It seems they are reviewing options at Dalafin, Bob Foster did mention at Mines & Money last year that there was interest in Dalafin from third parties.

Marcus did suggest during the presentation that Stratex would continue to be diluted should partners raise more cash via equity in the likes of Thani-Stratex Tembo etc. I cannot see any more Stratex cash being injected into the old suite of projects.

Marcus is already cutting costs to suit the current cloth, the cash position is still relatively strong, stated at £2.7m in late June.

It is clear there is significant value beyond the current £10m market cap and I believe Marcus will deliver that increased value in due course. I will be meeting Stratex again at Mines & Money at the end of this month.

[jimbowen30] 04/11/2016 19:51

Luminoso - there are two monsters who could win the US election.

[tadtech] 04/11/2016 16:28

All, I will report in detail over the weekend, I had two lengthy private conversations with Marcus immediately after the presentation and at clearing out time.

I stated I held more shares in the company than the BOD and said that was unacceptable, he agreed.

Everything, and I mean everything, was discussed, make no mistake every-ones views here were passed on in no uncertain terms. I wanted him to hear shareholders views early in his tenure.

This fellow seems a class act, I heard things from him I have never heard from Stratex directors in the past, he clearly has high profile contacts and is intent on increasing shareholder value.

[charles clore] 04/11/2016 16:12

tailor1 - so you learned nothing from the presentation? Did you actually read all of it?

[exbiz] 04/11/2016 15:06

I would agree with you and that sentiment Charles. I just wish they'd lay there cards on the table and let us know exactly what's going on instead of this hazy fudge which leaves us in the dark as per usual. Leaving us to disseminate that costs are rising and profit share is moving further away which may or may not be true.
I don't ask for much, just clarity.

[sicilian_kan] 04/11/2016 14:50

I didn't hear him imply that at all.

[steve1905] 04/11/2016 14:44

Tadtech said Marcus had "implied" BOD not holding shares is unacceptable. I wasn't aware of him buying any shares since his arrival

[juju44] 04/11/2016 13:14

looks like new CEO worship was short lived. They are trying to keep shareholders in the dark because things are a management shambles with Bahar

[charles clore] 04/11/2016 13:13

Good man vosene, a profit in these times is wonderful. I am sticking with it because for the first time in years we are close to making regular income. Good luck with your next investment.

[danieldruff2] 04/11/2016 13:10

Indeed exbiz, sorry to say I sold out this morning as I think there's now a 30% chance of a placing early next year plus uncertainty over Altintepe has grown and they are telling us less and less about drilling which we have partially funded. Will keep watching but I'm off, at least with a profit this time!

[exbiz] 04/11/2016 12:58

Presentation was ok and not much learnt from it other than we won't be getting double the 30,000 oz Au as Flávio suggested we would. A couple of worrying points though the first being on page 7 where with respect of Altintepe it states :-•Once the mine achieves profitability, capital repayment and cash distribution will occur • So what does that mean ?? Suggests to me that Bahar are going to get back all their investment and sundry costs ie. Clay processor plant and new leach pad before we will get paid out. What happened to our 20% until Bahar had recouped construction costs. If this is incorrect then how is the mine Not profitable now ?? All very confusing. Also on Cost • H1 Operating costs of US$560/oz, excluding additional capital, working capital, closure costs and royalties. Seems to me that list is getting bigger all the time. So what is the current guidance on AIC Also states that Challenges include Water Management and Ground Control ! First I've heard about this.

[tailor1] 04/11/2016 12:39

Nothing new leant from the presentation, another few months wait.

[dogwalker] 04/11/2016 10:57

Thank you kingivor. That was quite interesting & brings us nicely up to date on the 'presentation' front.

[charles clore] 04/11/2016 10:51

romeike - true, but I expect Marcus has a very long agenda to go through! It seems Bob etc. didn't make an awful lot of progress on the crucial Altintepe mine development and closure cost forecasting. But I expect he will be there now working under Marcus's direction... as a consultant. I can imagine what I would be saying to Bob if I was his boss. 'Come on Foster get your ruddy finger out - this is shareholders money we are paying you!'