Stratex Share Discussion Threads

[juju44] 07/4/2017 13:43

Look at gold for this gold miner and not a buyer in sight

[romeike] 07/4/2017 12:19

Someone spent £17,000 grand picking up 1 mil shares, either out of market or late reported trade at close. Someone still has some faith.

[romeike] 07/4/2017 11:57

If they intend to raise cash they need to do it soon, or like GRL their only option will be to try and organise a loan on reasonable terms, something that fortunately tends to be a core skill for gold explorers.

The absence of information over a month on from being told that "steps were being taken" must be excruciating for everyone here.

[charles clore] 07/4/2017 11:07

Dilution is not a Stratex thing. Having said that I do wonder how, given the current circumstances, the company can continue for much longer without raising cash. They say they have reduced spending but by how much? We can only wait and see.

[exbiz] 07/4/2017 11:06

I've given up worrying about the payment from Bahar and taken the attitude that it will come, it's just a case of when but some investors are clearly concerned that payment may not be forthcoming, however if Stratex believed this to be the case themselves we could surely have a Force majeure initiated and the mine at Altintepe would be brought to a grinding halt and no further production or work of any kind could be undertaken until the issue was resolved by both parties. There has been talk on this board about litigation taking years and years but if a serious contractual obligation has been broken i.e. Non-payment of cash distributions then we could enact a force majeure which would mean the mine would be forced to shut, no production, no maintenance and no removal of assets or plant from the site. This would surely force a swift resolution and not take many years as mooted, of course it would not bode well for future relations with Bahar but if it got to that stage we could clearly no longer have a trusting working relationship with them going forward anyway.

[danieldruff2] 07/4/2017 11:02

I think it's more likely to be a single punter regarding it as a one way bet. Remember that guy who bought about 10% of RRR the other year and was quickly diluted to peanuts?

[exbiz] 07/4/2017 10:39

I'm really interested to know who it is that are clearly stake building here. I wouldn't be surprised to find that it has been Thani, I'm no expert on percentage holding disclosure but think it may be something along the lines of being notifiable when their holding passes 3% but possibly they don't have to disclose straight away if they are still adding to their holding over a period of time. I could be way off as their could be numerous entities looking to build a stake from Metal Tiger to Bahar to Anglo, interesting though.

[charles clore] 07/4/2017 10:11

Glibgibon - very true!Steve - it must be a very difficult situation for management but even so, they should bite the bullet and be a bit more up front imho.

[exbiz] 07/4/2017 10:02

Drill results from this should be with us perhaps next week with the early drill core observations looking very promising.
hxxp://www.thanistratex.com/news/index.php?&content_id=62

[steve1905] 07/4/2017 09:06

Stratex knew back at the time of the November presentation that the 20/80% split was a non starter. In amongst the words was something like "payments to Stratex would follow once mine was in profit". Of course, Stratex never elaborated on that major change - which has been typical of their lack of transparency. Now we have a situation where investors don't have a clue on the details of the 'impasse', in fact we don't even know if Stratex/Baha are on speaking terms. We do know that it has been on going for months and that no quarterly figures are likely to be forthcoming

[glibgibon] 06/4/2017 22:56

If the 20:80 'free cash flow' split was a gentleman's agreement it would never have gone into an RNS. Initially we were told that it was future capital expenditure and mine-closure costs that had to be agreed, but it looks like that will not be decided until phase 2 is underway. And then pray there isn't a phase 3 identified.

I will need to research other agreements with Bahar that had these same terms to get any idea of what their perspective may be. That may be our best clue to understanding any further delays.

[novicetrade68] 06/4/2017 18:33

It sure is, 1.70p paid.

[exbiz] 06/4/2017 18:13

Is that a 1 million share trade after the bell

[juju44] 06/4/2017 17:19

Yes Charlie , you are optimistic

[romeike] 06/4/2017 09:46

Tad - it seems likely that Marcus has possibly initially underestimated how serious the impasse was, as whatever confidence he had in November has come to naught and whatever time and energy he may have had for improving corporate communications is taking a back seat to, I imagine, trips to turkey, meetings with contract lawyers and a search for funding for when the cash reserves dry up.

Vosene - I have no doubt the Turkish photographer was very well paid out of JV funds, keeping it in the family is honourable, paying up to scum foreigners clearly isn't.

[danieldruff2] 05/4/2017 22:20

Let's hope the photographer got paid

[tadtech] 05/4/2017 21:55

I was given a contact card by Marcus back in November but he does not reply to emails. I find this exceptionally disappointing and will make that point to him directly in the future.

I know Claire and Perry will return mails but I feel the CEO should answer long standing shareholders questions directly. Some CEO's operate on Twitter for example.

When I met Stratex at Proactive in November Marcus had just arrived and did a presentation, during the networking session I provided him with a list of investor questions and issues raised on this BB historically. I was hoping we would get much improved PR and IR but so far nothing.

At that presentation there was optimism about the future, in particular concerning potential new corporate actions, one was hopeful that the change in CEO would bring about a change in sentiment.

Quite frankly I am very very surprised Marcus has not come forward with a clear mission statement by now.

The AGM has been put back this year, nothing has been planned by way of investor presentations so there is no way of meeting the company currently.

The good news is photos from the mine show good weather, tree cutting, smiling faces, new plant and large areas of land being mined. All seems fine, the cash must be rolling in!

[juju44] 05/4/2017 18:11

Yawn zzzzzzzzzzzzzzzzzz

[goldenshare888] 05/4/2017 18:01

Always and Stratex may surprise with a resolution to the impasse!

TS could be BIG!

:)))

[romeike] 05/4/2017 17:03

Sell is lows, but the spread is wide, with a 250K BUY at 1.7p late in the day, there is hope yet folks.

[steve1905] 05/4/2017 16:32

The 200k buyer has taken a breather. Maybe 2p was too rich for their blood. We're now back down to yearly lows, but no one is mug enough to hollow 'buying opportunity', so what is Mr Englebrect and the rest up to we ask? Other than withholding any info they can, that is.