Stratex Share Discussion Threads

[steve1905] 16/3/2017 17:38

I will blobby. Like you, I think we'll not get a quarterly update

[blobby] 16/3/2017 17:33

steve1905,

That is a very good question, but as we were not given 3rd quarter production figures I would say it is unlikely that we are getting quarterly updates from now on.

It's your turn to ask...

[steve1905] 16/3/2017 17:19

Are we to expect 1st quarter production figures before then?

[blobby] 16/3/2017 16:59

Charles, I think a loan might be very costly to arrange. Perhaps, if necessary, it would be better to arrange a small placing with some or our large shareholders, who may well understand the finance situation better that us and then ask them to put pressure on Bahar.

I conclude that the AGM will have to be later than usual in 2017 as well.

[charles clore] 16/3/2017 16:15

I don't think a placing will be needed but in such an event it could be in the form of a bridging loan pending payment from the jv which could easily be facilitated by the bank.

[kingivor] 16/3/2017 16:03

Thanks for sharing blobby,

The way I see it , Marcus has given Bahar the 'hurry up" by going public - a decision he would not have taken lightly. Bahar do not seem to have relented so Legals looks a certainty from here.

A modest placing of equity looks almost certain to me or a sale of Muratdere to tide us over.

[blobby] 16/3/2017 15:27

Just to clarify, Stratex said "issues" and I translated this to "cash" in my post above. I'm not expecting Stratex to struggle to find the funds (if it needs them).

[danieldruff2] 16/3/2017 15:14

Sounds to me like there will be a placing with the results unless a cheque from Bahar is imminent, the bank account would be under a million by May one would think, and ideally they want money to support Thani and maybe GRL.

[blobby] 16/3/2017 15:07

I've received a reply from Stratex about the final results. I'd say that our problems with communication earlier in the year are probably resolved now and I'm sticking to my earlier theory on that one.

My understanding is that the final results will not be published until mid-May this year. I asked why it was 2 months later than previous years and it seems they want time to sort out the cash situation with Bahar as mentioned in the recent announcement.

Hope this helps and please don't shoot the messenger :‑O

[juju44] 16/3/2017 14:05

Gold goes up 30$ and not a share traded in this dog

[romeike] 16/3/2017 13:26

Perhaps I should have said that I doubt there will be anything in the year end update worse than what we already know. I also hope that by the end of this month we have a clearer picture of the situation with Bahar, or at least an update of what "steps" if any are being taken and what they look like.

[romeike] 16/3/2017 13:16

It was published on the 9th March last year and I seem to recall they pretty much left publication to the last minute, so I'd think it must be due soon.

[steve1905] 16/3/2017 12:31

Roneike, you "doubt there will be anything in the year end update we don't already know"
Last years chairman's statement had this gem, amongst others. (Altintepe)"we remain confident we will see a recurrent cashflow in the current year" - so much for that.
In my mind, to brush over cashflow problems will signal a lack of confidence in a quick resolution.

[blobby] 16/3/2017 11:57

romeike,

"Annual report expected 14th MARCH" is that just because that was the date last year or because Stratex said that?

[romeike] 16/3/2017 11:53

Come on now, we know very well that Stratex share price only ever responds to gold price movements when it is in the downwards direction. However, this doesn't take away from the fact that revenues will still be greater as a result. As and when we benefit from that is anyone's guess right now.

[romeike] 16/3/2017 11:53

Annual report expected 14th MARCH

[blobby] 16/3/2017 11:02

Has anyone asked when to expect the annual report? I can't see it being a problem for Stratex to give a date or a best estimate for this. (I'll ask if no one has done this already).

[juju44] 16/3/2017 11:01

Really flying here now with this gold surge

[romeike] 16/3/2017 10:58

The good news is in the gold price, I doubt there will be anything in the year end update we don't already know

[steve1905] 16/3/2017 10:23

Best we don't speculate on all the good news they are holding back.

[ryanandbethanjones] 16/3/2017 07:44

This annual report is taking an age. Hope it's good reading when it arrives

[goldenshare888] 16/3/2017 07:33

$1226 and on it's way to $1260 short term I reckon.

The cash must be stacking up!

[romeike] 15/3/2017 23:34

There's the rate rise, and gold climbs, let's see if it keeps climbing though.

[juju44] 15/3/2017 11:44

Ex - yeah , you are probably right