Stratex Share Discussion Threads

[goldenshare888] 24/4/2017 15:34

"The Imminent Production FREE CARRY" heading may need to be changed now!

[kingivor] 24/4/2017 15:16

P1ss poor deal which ever way you look at it.

Presumably they will use the funds to support their share of Thani Stratex,(no brainer) Hopefully not Dalafin but Goldstone probably have an easy 1m oz jorc gold in the ground and is an easy win to a medium scale mine - perhaps 70,000 ozs for 10 year reserve. Can't believe Marcus will dilute 33% of an existing 600k jorc.

they could spend another $1m drilling Dalafin and still not pull together 500,000 ozs - let it go.

[charles clore] 24/4/2017 15:07

Seems to have taken everyone by surprise. Wily old Marcus is a smooth operator indeed!

[42col] 24/4/2017 14:55

Charles - be honest with yourself and others. A good contract and dilution would have been better than this. You are like the British weather - changeable and not reliable

[shortarm] 24/4/2017 14:47

Looks now like an eight million dollar sale was priced in lol

[shortarm] 24/4/2017 14:41

Pandora results will spark some buying.....

[charles clore] 24/4/2017 14:30

Not the best of news but at least it keeps STI solvent without the need for a forced fundraising.

Strangely enough I was thinking of selling some before the news this morning - was quoted 1.625p. I came in just now, saw the news and the price drop so thought I would get another quote - 1.725p. Now I have 1.5m shares left which I am happy to hold, plus just over £7k for trading.

If you ask me the elimination of Altintepe uncertainty is probably going to spark some buying interest. We shall see.

[goldenshare888] 24/4/2017 13:55

1.2M BUY @ 1.8p.....

All to play for now......

:))

[novicetrade68] 24/4/2017 13:52

If Bahar has a sense of humour they'll now post a picture on their site with their CEO broadly smiling and holding hands with some failed BBC comedian.

[novicetrade68] 24/4/2017 13:46

Well, there is no question that this years' 'deal of the year' award will go to Bahar!

[goldenshare888] 24/4/2017 13:38

h) Bob & Co forgot/neglected to even draw up the contract?

i) Bob & Co left/trusted Blahar to draw up the contract?

This whole fiasco could qualify for weakest partner/muppet of the year award I suppose!

Blahar must be laughing out loud at their choice of partner.

[steve1905] 24/4/2017 13:34

At least we can smile as gold dips. Hang on, my sovs!

[steve1905] 24/4/2017 13:33

Charles will be along shortly, but not sure he'll be able to polish this one

[romeike] 24/4/2017 13:32

Was there even a contract? As pointed out there was a memorandum and then nothing else was reported. At this stage nothing would surprise me.

[steve1905] 24/4/2017 13:25

Luminoso, let's forget about the previous economy of truth, the cat is now out of the bag. We are not now beholden to Baha, so a more truthful summary would have excused what appears an awful settlement

[luminoso] 24/4/2017 13:17

If you expect that level of honesty, you should not be investing in AIM companies, Steve. Of course you are right, but what state would the share price be in, if he had spilled the beans earlier ?

[soulsauce] 24/4/2017 13:12

Totally agree steve something along those lines very much needed.

[steve1905] 24/4/2017 13:08

Soul, obviously so, I agree. Maybe a little modicum of truthfulness wouldn't go amiss - such as
"We were in a very unenviable position, running short of cash, dealing with a partner who refused to recognise the terms of the contract. Without a long, costly and protracted legal battle, with no guarantee of favourable outcome, we were forced to accept a derisory sum of 8m, but under these circumstances it is the best deal possible

[goldenshare888] 24/4/2017 13:00

Goldstone could be the anorexic sparrow that turns into a plump TURKEY!

[5huu] 24/4/2017 12:57

The problem is Soul is that they no longer have a cash generator to fund the future exploration programmes. Marcus might have an acquisition in mind, but it isn't going to be producing to the tune of Altintepe (not for $8m). To think some were mentioning potentially acquiring Ariana!!History & recent comment suggests Goldstone will see some or all of it.

[goldenshare888] 24/4/2017 12:56

Easter TURKEY has turned into an anorexic sparrow!

:-(

[goldenshare888] 24/4/2017 12:54

Unless of course the money is used wisely by not overpaying for another producing asset.

I personally do not see them buying another producing asset for the same cost per oz as Altintepe, which was virtually free for a 45% share!

Obviously there were some problems with the contract:

You choose the more likely:

a) Bob & Co forgot to check the contract terms?

b) Bob & Co lost the contract?

c) Bob & Co did not get a proper translation of the Turkish?

d) Bob spilt Turkish coffee on the important page of the contract making it un-readable?

e) Bob & Co forgot to get the contract signed/executed/registered properly?

f) Bob & Co forgot to get the right people to sign the contract?

g) All was fine with the contract (very unlikely in my view) and the new board did not have the balls to enforce it's terms?

This sale will not be deal of the year - that is for sure!

[soulsauce] 24/4/2017 12:50

steve it's putting lipstick on a pig but hopefully the company can concentrate on improvement going forward.

[goldenshare888] 24/4/2017 12:47

Agreed - TOTAL BS