Stratex Share Discussion Threads

[soulsauce] 24/4/2017 11:33

romeike agree.

At the end of the day we are an $11m mkt cap company with $8m in cash and some decent assets, including Pandora.

[juju44] 24/4/2017 11:33

After management bonuses for another great deal there will be nothing left . What a bunch of clowns

[romeike] 24/4/2017 11:31

The only success here is that Marcus managed to tread water instead of sinking, and this farce could definitely have sunk the company. Stratex now at lest has the funds to pursue proper business opportunities, hopefully this time without partnering with thieves.

Expect an RNS re Goldstone shortly I would think

[luminoso] 24/4/2017 11:30

agree, Shortarm.

[shortarm] 24/4/2017 11:29

Eight million dollars isn't going to buy much of a producing asset so it's TSR to the rescue!!

[luminoso] 24/4/2017 11:28

I imagine Marcus will want to get rid of muratdere as well and get the hell out of Turkey and concentrate on TS and Pandora. Pretty much as I predicted before. This Turkish situation is the reason I sold out of AAU as well. This could be a much more interesting investment now, but depends where it settles. I guess there will be some investors who were only here for the income from altintepe, who will probably sell.

[soulsauce] 24/4/2017 11:26

On a lighter note hopefully there will not be a raising which some have alluded to and hopefully we can move on now and put the whole sorry history behind us.

Obvious to me the previous management did such a poor deal with Bahar that we have probably been lucky to get anything out of it.

[novicetrade68] 24/4/2017 11:22

Bob must be spinning in his provisional grave reading his baby has just been sold for a pittance.

[luminoso] 24/4/2017 11:21

Blobby. How could Marcus be expected to say that we have been shafted by an unprincipled Turkish company, who used their position of strength in their own country to starve us of funds and force us to sell for next to nothing ? He did the right thing. Cut his losses and quite skilfully IMO. Its the previous board who are responsible for this mess.

[shortarm] 24/4/2017 11:18

TSR is the future, I think they didn't want to be diluted out of there....Pandora results soon?

[bigglesbingham] 24/4/2017 11:18

We they won't be buying aau out with that amount !! Either sell at sub 1.6p or play the long long game.

[novicetrade68] 24/4/2017 11:17

Goldstone will be pleased today no doubt.

[blobby] 24/4/2017 11:17

That seems like a terrible deal. Why have shareholders not been given a proper explanation about what has been going on and why Altintepe has to be sold for so little?

[luminoso] 24/4/2017 11:16

Agree, exbiz, in the circs, with STI running out of cash and bahar holding all the strings, this was not a bad price as a way out of an awful position. I'll see where this settles and reconsider - after all there is TS still !

[shoggoth] 24/4/2017 11:12

Once again a failure to hold on to any producing assets, resulting in a sale, none of the proceeds of which I guarantee you will ever make it back to shareholderz.

[luminoso] 24/4/2017 11:11

yep, Bahar had STI over a barrel. Skilfully played by them. In the circs, not too bad a deal IMO. Thinking about buying back in but a little tender and sensitive from previous experience ! A bit like STI are over Altintepe. Relieved its over but sore !

[goldenshare888] 24/4/2017 11:11

LOL

Hopefully Marcus will not get bent over the desk when he buys something for Stratex.

Bahar buyer deserves a bonus for sure!

[juju44] 24/4/2017 11:10

Like I always said the Turkish crooks would rape the mugs running this company . What a disgrace once again.

[shortarm] 24/4/2017 11:08

Somebody pass Marcus the Vaseline!That must've made him a little sore lol

[goldenshare888] 24/4/2017 11:08

Lets hope/pray that their buying skills are better than their selling skills!!

LOL

[tadtech] 24/4/2017 11:02

My guess is they accessed the country/political risk mixed with the 'issues' with Bahar and decided to move on. I would also suggest they have some near term producing asset in mind where they can have control which was what was suggested by a director when I met them last year.

More to this than meets the eye in my view.

I thought a sale was on the cards.

[romeike] 24/4/2017 10:58

What a disgusting farce. So much for exercising contractual rights, more like cut our losses and run away.