Stratex Share Discussion Threads

[shortarm] 25/4/2017 11:36

Juju, hopefully you're not in a tall building or anywhere near knives or guns!

[juju44] 25/4/2017 11:27

Seen too many of their "winners" cost us money

[kingivor] 25/4/2017 11:05

They must use some cash to support their share of T-S juju, which looks like a winner. Let's hope T-S list on the TSX where the market attributes a fair valuation of
assets and enterprise value, rather than this cesspit.

[shortarm] 25/4/2017 11:03

The Pandora vein set is unmatched in the country.....

[juju44] 25/4/2017 11:02

They should pack it in now and give the cash to shareholders while there is still something to give

[juju44] 25/4/2017 10:59

Collapse because we have seen it all before . Nothing on offer here now but hope . Cash will be wasted again

[tightfist] 25/4/2017 10:53

I agree Steve, it doesn't make sense to me either. The POTENTIAL cash flow from Altintepe was very cheap. A Third Party is going to have to be desperate for STI to secure a replacement deal like that (with acceptable risk).Cheers, tightfist

[romeike] 25/4/2017 10:48

No that's what Bahar said it cost. That was probably a lie too.

[steve1905] 25/4/2017 10:24

How on earth can Stratex buy into a near term producing asset with the funds available? Altintepe cost best part of $40m to build

[tightfist] 25/4/2017 10:06

Charles,I agree about Anbat, however the corporate emphasis (19th April) is on acquiring near-production mining projects. I hadn't seen production phase as STI core competence but we do need some replacement cash flow to mitigate potential dilution; 5% dilution over the last four years is impressive.Cheers, tightfist

[soulsauce] 25/4/2017 09:59

Agree CC

Good points tightfist.

[tightfist] 25/4/2017 09:57

Continued........ Is

[charles clore] 25/4/2017 09:56

Soul - I think folks first have do deal with Altintepe withdrawal. This will be painful for some and there will be much anger, ranting and selling. After that they can begin to promote Anbat in southern Egypt which has many of the hallmarks of Sukari. Jointly owned by Thani and Stratex I believe this is the way forward for us now.

[tightfist] 25/4/2017 09:55

Personally I am glad to see the back of Altintepe (although $8m seems paltry) and would welcome moving out of Muratdere and the other projects too, saying goodbye to Turkey.The valuation once again becomes a matter of trust in Marcus and the BoD to spend OUR money wisely. There seems to be plenty of scope in the African exploration projects (but not convinced about Homase) but the latest corporate emphasis is on near-production projects; is

[soulsauce] 25/4/2017 09:41

tailor give it time, with the cash and Thani alone the mkt cap should be much higher IMO.

[tailor1] 25/4/2017 09:32

If we then have over £6 million in cash and other assets why have we gone down and not up.
I was hoping up, big hope I would say.

[bigglesbingham] 25/4/2017 09:29

Tadtech if you look at recent YouTube video of MDV at AAU he stated that eldorado did not drill where aau advised!! This spoke volumes to me. AAU may have their faults regarding method and price of fund raises but what they are excellent at is finding gold be it with their acquired database or exploration expertise. I think it was a large company saying we know best and screwing up , I see it often.

[luminoso] 25/4/2017 09:10

RNS said Stratex 'has received' the funds. It was dollars.

[tailor1] 25/4/2017 08:54

When will the funds of the sales be in STI accounts, will they announce it to the market.
Would it not mean when the funds are in our value should go up considering we are valued at present £8.18 Million at present.

[juju44] 25/4/2017 08:36

STI cant seem to be successful anywhere . Dont blame the country , blame the management

[romeike] 24/4/2017 23:08

Probably had everything to do with Turkey becoming one of the worst places in the world to do business.

[soulsauce] 24/4/2017 22:40

Tadtech I doubt ELD giving up salinbas had anything to do with the political situation in Turkey. They have some big assets there and established in the country.

[tadtech] 24/4/2017 21:58

I will be attending the Ariana presentation on Wednesday and will ask Kerim what he thinks of the Altintepe sale.

My personal take is that the value of Turkish assets owned by foreign companies are diminishing significantly due to the ever changing political situation and security issues in Turkey. I believe foreign companies will be reviewing their investing policies accordingly.

One very typical example of this, from Ariana themselves, was a presentation they put out in June 2015 at Proactive Investors which I attended.

I recall a very upbeat Kerim Senar suggesting that Ariana's 49% stake in the Eldorado project could fetch upwards of $15m, they provided a chart of historic project sales to back this up.

They added in their end summary, a reason to buy Ariana shares..........

Shareholder value crystallisation through proposed sale of Eldorado project

There was no sale, on the contrary, their partner was happy to get shot of their 51% stake recently for a tiny royalty interest. That to me is a massive example of value destruction due to the current climate in Turkey.

I think we need to take account of recent political/security events in Turkey + the difficulty in dealing with a private Turkish company in such circumstances against the $8m project sale.

[charles clore] 24/4/2017 21:20

Exbiz - your 14798 I agree with 100%. I would not want to throw any more Stratex money at the GRL sulphide deposit and there's not really enough oxide to make the project viable for a mine. The thing that could make a difference is a significant increase in the price of gold. Then it would be a different ball game. Meanwhile, it's watch, wait and follow TSR.