Stratex Share Discussion Threads

[novicetrade68] 24/4/2017 12:37

Steve, all very true and it's certainly the case the old 'BoD' shamefully peed the Oksut windfall against the wall - after rewarding themselves first of course.
I guess not much more can be said for now, apart that the jury will be out for a while and see what Marcus does.

[5huu] 24/4/2017 12:31

Dead right Juju. The white knight industry heavyweight that was to be the saviour of the company just gave away our prize asset. No wonder he never replied to any bloody emails. As you say Steve, the contract with Bahar must have been totally worthless. Let's just hope his purchasing skills are better than the last lot. He should look to bring on board the Bahar procurement team for his next acquisition.

[steve1905] 24/4/2017 12:31

Novice, hear what you saying but buying into 'near term producing assets' has been their mission statement since they netted the $20m(?)from the Oksut deal, years ago. They have failed miserably.

[novicetrade68] 24/4/2017 12:23

steve, I think it will now simply depend on how 'wisely' this $8m will be spend. If the money is used in a (near-term) producing asset with clearer terms, then perhaps not all is lost.

[tadtech] 24/4/2017 12:23

It depends what Marcus has in store for us, no doubt all will be revealed, fact is they have £6m+ cash in the bank verses the current £7.5m market cap.

The aim is to turn Stratex into a 100,000oz per annum gold producer.

There are still a great deal of stranded assets out there.

[juju44] 24/4/2017 12:10

Tadtech - you had it wrong all along

[5huu] 24/4/2017 12:07

He talked a lot Tadtech, all dreams & jam tomorrow. Just like he said news on a couple of months - 6 months ago. Shame he didn't mention anything about the dire situation with his sole producing asset. The market should have been informed long ago.

[juju44] 24/4/2017 12:03

Not sell - give away . Our money

[5huu] 24/4/2017 11:59

As for his "advanced discussions" What can they possibly buy for $8m that had the near term value of Altintepe. They must have had him over a barrel (further capex, closure costs, etc)7 years on, the cycle goes on - pretend to be interested in being a producer, only to sell every decent near term producing asset they've ever owned / co-owned.

[tadtech] 24/4/2017 11:49

Marcus did talk about gold producing assets in Asia at Proactive as well as Africa. I suspect he has a plan aready and we await the next part of the jigsaw puzzle to be put in place.

Thani Stratex has also become interesting over recent times with some outstanding drill results.

£6.5m in the bank with a £7.5m market cap !

[soulsauce] 24/4/2017 11:45

goldenshares I agree.

The deal is poor but may be the company can move forward now and hopefully get out of Turkey for good.

[shortarm] 24/4/2017 11:45

Yes, it's likely a small mine will get built with GRL....

[luminoso] 24/4/2017 11:45

Blobby. You are right in principle, of course. however, I have long given up the notion that any company on AIM will behave with principles. Yet I still invest. What Marcus did was skilfully avoid a huge public argument with a Turkish company in Turkey, and extract his company from an awful situation by striking a deal that was the best anyone could have got in the circumstances. If he had not played it that way, STI would be facing a long court case and crippling dilutions.

[goldenshare888] 24/4/2017 11:43

I continue to hold for TS alone, anything else is a bonus in my view.

I expect GRL to get some action/funds now for development of 600,000+ OZ deposit in Ghana.

COULD make Altitepe look small fry.

Stratex could be great turnaround opp!

GRL could be even better - I hold both....

:))

[novicetrade68] 24/4/2017 11:41

I can't imagine a bonus being paid out either, for some reason I like to believe Marcus & Emma have a bit more integrity than Bob & his buddy Christopher.

[juju44] 24/4/2017 11:41

Marcus not the great white knight some here had him painted . Not much difference with the last idiot

[shortarm] 24/4/2017 11:38

The price soon shot back up from 1.7.There'll be no bonus handing out this time - that's for sure!

[romeike] 24/4/2017 11:37

I guess they won't be winning the "Small Cap Deal of the Year Award" for this one then.

By the way, any sign of "bonuses" for management and I think perhaps they better just call off the AGM altogether. For health and safety reasons.

[shortarm] 24/4/2017 11:37

If you see recent presentations they already farmed out a lot of the Turkish exploration assets for NSR and small payments etx...Flog Muratdere and get the hell outta there!

[luminoso] 24/4/2017 11:34

Don't think they will try the bonus trick this time, juju. But I may hold off buying until I am sure about that !

[blobby] 24/4/2017 11:34

Marcus should have made it quite clear to the market what was going on (I see that as a responsibility to the market). Altintepe was on the books for a lot more than he sold it and they claimed a profit for the last half of 2016.

Marcus needed to publish full production figures and get all the information out in the open including all the negotiations, he needed to be as much as a pain for Bahar as it now seems they were for Stratex.