Stratex Share Discussion Threads

[luminoso] 27/2/2017 09:19

I agree with you, Steve, that he needs to shed more light on things as its not fully explained. Uncertainty kills a share price

[romeike] 27/2/2017 09:15

Refusal to participate it arbitration looks really bad on you if you then have to go to court.

[steve1905] 27/2/2017 09:15

Luminoso, I think the silence has now been fully explained

[gamesplayer] 27/2/2017 09:14

He needs to emphasise TSR results.

[luminoso] 27/2/2017 09:13

He needs to explain the months of silence, more like.

[steve1905] 27/2/2017 09:12

I wonder if Marcus will do a BRR interview to throw some more light on things. He needs to avoid the months o silence

[gamesplayer] 27/2/2017 09:11

Arbitration does not require consent. It either is or is not part of the agreement they have already signed.

[soulsauce] 27/2/2017 09:10

Heyup bigglesbingham ;-)

[greedfear] 27/2/2017 09:10

For arbitration both parties consent is needed. I'm not sure about Bahar looking at past behaviour.

[bigglesbingham] 27/2/2017 09:08

Ex biz I agree with your comments re the Turkish authorities having an interest in this getting resolved. On another note the 3.5m cashburn, against Dec 2015 cash balance says a dilution is inevitable. But my gut says this situation will be resolved and drop overdone. Just dipped my toe in to increase increase the fun. At £8m market cap the price now reflects the situation imho. I love uncertainty as it gives buying opportunities. If I lose so be it, but I've gone in with my eyes open.

[luminoso] 27/2/2017 09:07

I think an apology is due from all the bulls on here, who poured scorn on posters who ever dared to suggest that there was a problem with the JV. Tad tech you have been peddling the rosy picture of This JV for some time and you have the gall to blame other posters for the fall in share price. The company and Bahar are to blame. No-one else. You really must live in an alternative universe.

[steve1905] 27/2/2017 09:06

A good post ex. The concern could be the time it takes, especially if the previous legal issues are anything to go by.

[romeike] 27/2/2017 09:06

Agreed this will be sorted out. Marcus doesn't mention legal action specifically so perhaps there is a chance it can be resolved on arbitration. I am surprised they let bilateral discussions go on so long if they weren't getting anywhere. This really is a stain on Turkey as a place to do business.

[greedfear] 27/2/2017 09:05

Well, there you have it. Undertaking steps to enforce rights. Turkish jurisdiction. Good luck with that.
Second positive (not): equity funding in the cards.

Going to 1p. Sorry.

[goldenshare888] 27/2/2017 09:04

BOUGHT MORE.

[exbiz] 27/2/2017 08:57

So it would seem there is widespread panic amongst some investors as money is delayed and that could bring the prospect of a placing. Wow that really is the end of the world isn't it, I mean no other miner or exploration company has ever had to do that have they, let alone another one in Turkey. No other mining company operating in Turkey has Turkish partners either does it !! Monies will undoubtedly be paid and if a small placing has to be made to cover us until that time then so be it. Fact is there are other non-Turkish operators in Turkey with Turkish partners and the Turkish govt will not allow one company to besmirch all joint ventures by failing to comply to a joint venture contract. Otherwise who's to say that other miners working in Turkey will not also be ripped off, i.e. Ariana. This will be sorted out no doubt and yes it may take a little time but one way or another it will be sorted and we will receive our monies due even if it has to go to a diplomatic level.

[tadtech] 27/2/2017 08:53

It appears they are still in negotiations with the JV partner according to my last email reply from the company which was around 3 weeks ago.

The mine has clearly exceeded production forecasts which was the theme at Mines & Money in November re 'performing very well' comments. So truth in their words.

I would also assume that the other partner (Bahar) has not received any cash either so the matter is not, as some try to suggest, an Anglo/Turk 'conflict'

Neither does this news today stop Stratex selling their stake if they so wish. Many options available.

I think the market has over-reacted here, not helped by one or two alarmist posts from the usual suspects on this thread, I think seasoned investors will see the drop as an opportunity, we may even get a BRR or Proactive interview to 'reassure'

The rest of the update was rather good in my view.

[shortarm] 27/2/2017 08:47

Half a million buy and the MM's shut up shop with a ridiculous spread!

[shavian] 27/2/2017 08:38

Ever the drama queen, juju. The lawyers will sort this out, but it will cost us a bit. Then watch STI fly.

[shavian] 27/2/2017 08:26

Seen off by the Turks - never did trust them. However, promising news out of Thani Stratex in Egypt and back into our old friend Pandora. At some stage (not yet) STI could be the bargain of the century.

[shoggoth] 27/2/2017 08:24

What we already knew. Bahar have control of the mine and seem to be screwing us, and with no revenue we are faced with either a costly and possibly lengthy legal fight in a foreign country against a local compang, or to capitulate. Bob and co had avoided any mention of this. I have been saying this for the last two years, now you all know.