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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Stratex | LSE:STI | London | Ordinary Share | GB00B0T29327 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.425 | 0.40 | 0.45 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
21/4/2017 15:03 | 5huu, yes absolutely. I can't recall any indication from Stratex that they are intending to sell Altintepe (please correct me if I'm wrong), if they are then they should indicate this to shareholders. | blobby | |
21/4/2017 14:40 | 5huu - I agree the regular cash flow is something I'd like to see kept even if it means scaling back the speed of growth. | gamesplayer | |
21/4/2017 14:33 | I for one would be very dissapointed to sell off Altintepe. It's the cash flow from mining that most explorers are missing. The original strategy which I invested in was to move from explorer to producer. | 5huu | |
21/4/2017 13:50 | I was very pleased with both the RNS and the media update, it is obvious the CEO cannot discuss production numbers in a Proactive interview. I am sure he has an exact idea of production but I know there are reasons as to why these cannot be banded about loosely without the permission of Bahar. For example at Mines & Money in early December I was told the mine was doing 'very well' when the detail came out late February it proved true. Worth remembering what Marcus said back in February.... "The Altıntepe gold mine represents a highly attractive project and has demonstrated over 2016 that it is a robust, low-cost gold operation and we are confident that it will generate significant cash flow over its operating life" | tadtech | |
21/4/2017 10:42 | It's going to be difficult for a company on a tiny market cap to buy into something worthwhile that everyone else has missed. Central Asia Metals have been searching for years, looked at over 100 opportunities and have only done one DFS on a copper project which didn't pass muster at current copper prices. And that's a company with a market cap in the hundreds of millions with circa 40 million cash sitting on the books. | danieldruff2 | |
21/4/2017 10:41 | Come on then as a spot of fun, where do we see the sale price - bearing in mind Baha (on 20/80 split) owe us in the region of $5m. Surely a lot depends on the extended mining life being viable | steve1905 | |
21/4/2017 10:32 | A good set of measured comments from which I draw the following: i) Bahar have Stratex over a barrel and the only way out is to conclude a negotiated sale at an honourable price for both parties ii) Marcus is looking to restructure the company by lining up an investment (with or without a placing) to - control and take forward a near producing asset for certain and measurable cash flow and ideally - provide cash to maintain Stratex's share of its best remaining assets, viz TS All of this would clear up the car crash left behind by Bob but in the short term leaves investors pondering whether to buy in advance of a sale announcement or to sell in advance of a highly discounted placing No doubt the history of wholesale destruction of shareholder value and lining of management's pockets will weigh on investor's minds | youngharry2 | |
21/4/2017 09:55 | Last night I read all the comments regarding the interview on proactive investors , this morning I listened to the interview expecting to be very disappointed by the comments and performance. Well far from it , the only question was why don't they have production figures? However he backed up verbatim the comments made in rns regarding positive discussions and I on this news I topped up. As to the way he speaks dower they all speak like that and comes across as boring. I'm happy with that. | bigglesbingham | |
21/4/2017 00:43 | Steve - It didn't really surprise me. It simply reminds us of the fact that Stratex is a minority partner with limited access to information needed to appease the stock market. Bahar is at the wheel doing things their way and, for now, we just have to graciously accept what we are given. Not good enough for shareholders by any means but it is what Marcus's predecessors negotiated and he has inherited the invidious task of sorting it out. If he manages it the stock price should do very well. It appears he is making some headway. | charles clore | |
20/4/2017 23:50 | Charles, jam tomorrow is a phrase alluding to the fact it never really happens. Sort of like Oksut, having said that though, some did get the jam. No need to explain either, I purely stated I was surprised he informed us that they had no production figures. That in itself is surely quite illuminating | steve1905 | |
20/4/2017 23:40 | No what I meant CC is that as things stand as long as it remains in dispute with no payment it is worth very little as is witnessed by the market cap. How long Bahar can maintain that is unknown but may be we are best leaving now with a decent pot of cash than going through the courts for years with all the associated costs. | soulsauce | |
20/4/2017 23:14 | Can't see it to be honest Tadtech but I suppose anything is possible. I would suggest Bahar will take full control or may be a turkish company. May be Kerim at AAU is doing the due diligence for Proccea. Of course Anti might be worth a lot more than $20m but at the moment it is worth very little. If we were offered that sort of money to walk away and start again I know where my vote would fall. | soulsauce | |
20/4/2017 22:52 | I am going for a sale, when I spoke with Stratex management in November and December it was implied they want operational control of producing assets and were frustrated they did not have it at Altintepe. How about a sale of their 45% stake to Ariana, who have no issues dealing with Turkish partners and have demonstrated they can raise money via Turkish banks. I did suggest AAU knew a great deal about Altintepe at UKIS, have they been doing due diligence? | tadtech | |
20/4/2017 22:49 | Blobs - that was the starting price, lol. Steve - allow me to explain. If Bahar won't give Marcus the figures he can't possibly give them to us can he? And let me also remind you that the people who bought into Tembo, Dalafin and GRL were replaced by Marcus and yes, a sale would be a great way of producing jam today - if that's ok by you of course! Have a little faith please and give the man a chance. For Marcus to come out with news that discussions are back on track is no small thing. He would never say that unless he is pretty damn certain a deal is in the bag. So I would guess we will hear something further about that probably within a month. I also think he is giving shareholders the nod for a top up if they want to take advantage before the announcement. But I suspect not many will for historical resons, A MISTAKE IMHO. | charles clore | |
20/4/2017 22:29 | dd, Marcus clearly can not make a statement in an interview about production figures, it would be breaking stock market rules and requires an RNS. Charles, Stratex's share of Altintepe is worth loads more than $20 million. That would be ridiculous. Good grief. | blobby | |
20/4/2017 19:53 | When we think of Stratex buying an asset we should be filled with dread. Let's just mention, GRL, dalaphin, Tembo Gold to remind our selves. It was odd that the interviewer was able to get Mr Englebrect to confirm we have no idea of production figures, It seems to contradict the statement that talks have been so positive. Unless of course, as suggested, the talks concern a sale. As for a sale, oh dear - more jam tomorrow | steve1905 | |
20/4/2017 19:26 | Vosene - I concur with your theory of a possible sale of Altintepe. It has to be an option that would give a mutually agreeable outcome to both parties and allow investment in other ventures that allow more control to be exercised by the company. No need to panic. Would be a great result imho. Now for the settlement price gentlemen shall we start the bidding at $20m? | charles clore | |
20/4/2017 19:06 | He said almost the same waffle about the Bahar rip off six months ago . Nothing new | juju44 | |
20/4/2017 18:05 | You can read into that interview whatever you want (whether bear or bull). | gamesplayer | |
20/4/2017 17:52 | He was certainly being highly cagey on Altintepe. My take is almost the same as the other day. He's confirmed they are talking to institutions (=placing), it sounded like something is about to be bought or merged in with the proceeds. On Altintepe I think now it will be sold to get both the placing arranged and an asset purchase away. It's clearly ridiculous to say things are going well with Bahar when they have to take a total guess on the production rate, and really have no idea any more how much they are owed. IMO they have raached a sale agreement which will green light a raising and purchase... let's see... | danieldruff2 | |
20/4/2017 17:38 | OK bulls let's have your valuation of parts. A tricky job in my view. Lack of visibility in respect of income and costs at Altintepe phase 1, a lot guesswork required. No evidence of a business plan, investment arrangements and programme for the next phases. Without cash from Altintepe, Stratex are looking at: - a long costly legal case with Bahar - a placing at a discount to the current share price just to keep going - sale of assets in a market with little appetite for STI's secondary assets - dilution of the next best asset, TS Would love to be able make a bull case but the evidence for one simply isn't in front of investors or international man of mystery come to that | youngharry2 | |
20/4/2017 16:41 | TS is worth this mkt cap on its own. For those who haven't seen it I suggest you look at the Feb 2017 presentation and in particular the 2017 milestones A listing of TS is mentioned for Q4 2017 | ryanandbethanjones | |
20/4/2017 16:22 | Bit harsh I think YH2 & kingivor, for £8m mkt cap there is an awful lot going on. Thani could be worth that on it's own before long even without Bahar monies. | soulsauce |
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