Stratex Share Discussion Threads

[exbiz] 02/5/2017 10:43

YH dilution has been by sales yes but the fact is we had those assets to sell to give us that option unlike the vast majority of junior exploration companies. Previous management were greedy and self-serving and the behaviour demonstrated post Oksut and Inlice still sticks in the throats of every investor that was robbed of their share of that success but at some stage you have to draw a line under that and say the trash has gone and new management is here now with cash in the bank and a very promising and valuable stake in TS (other projects and investments are discounted in my view) so we either give him a modicum of support and trust for now or just sell up and invest elsewhere NAI

[tadtech] 02/5/2017 10:16

Probably about £7m in the bank with the likelihood of a Thani Stratex IPO in Q4, could be worth £6m to Stratex.

Stratex do not do discounted placings.

[youngharry2] 02/5/2017 09:42

exbiz, dilution here to date has been via sales and then spending the money on overheads, bonuses and failed projects...that's how STI has transformed over £20m of shareholders' cash into the current share price ..

Can't see how $8m is going to buy a majority interest in a near producing asset and fund that interest to production...

[charles clore] 01/5/2017 11:02

Exbiz - hats off to those who sold earlier at 3 or 4p like lucky punter but selling at this point seems to me like a bad move. The reasons I say this are firstly the share price is at the bottom and that is the wrong time to sell and secondly the company has a very well funded new beginning with some valuable assets and new management at the helm. I expect the share price to do well over the coming months.

[exbiz] 01/5/2017 10:06

YH if you're going to mention "heavily discounted placing" why not go the whole hog and consider WW III and Armageddon or perhaps comet strike taking out all our EA assets held with TS ? Fact is we are well funded. The company talks of seeking other near term or producing assets, as do almost every other junior mining exploration company on AIM and TSX and the vast majority of them have no money and only track records of raising money through placings, and not raising funds from self-generated asset sale thereby negating the need for share dilution.

[exbiz] 01/5/2017 09:55

Seems like an awful lot of pi's have now bailed out so good luck to all of those that have sold, I wish you well with your future investments. Looks like it's just you and I at the agm Charles.

[charles clore] 01/5/2017 09:31

Thanks Ian. It may seem to many like make or break time but I think we are about to see what a seasoned CEO can do with $8m cash and couple of very desirable exploration projects.

[shavian] 01/5/2017 08:16

Mayday, mayday, mayday. Already on my parachute, but sticking around to see what happens. Good luck all those still aboard, especially you Charles.

[youngharry2] 30/4/2017 18:14

A few months ago Turkey was being touted by Brexiters as a country the UK would do more business with...

Agree with those saying STI is in effect a new co with a new CEO who has the opportunity to make something for shareholders with cash, a valuable stake in TN and a mixed bag of other assets.

The biggest risk to upside for existing shareholders is a heavily discounted placing

[corguv] 30/4/2017 16:09

These are risk on areas.

Russia has sanctions against Turkey.

The EU and Uk targeted sanctions against Egypt.

Too argue that Djibouti and Egypt is lower risk
Somehow than Turkey is incorrect.

I'm gone

[romeike] 30/4/2017 14:58

We are very possibly looking at economic sanctions against Turkey in the not too distant future, can't say the same about Egypt & Djibouti. This is why investors are abandoning the country.

[corguv] 29/4/2017 16:50

Turkey v TS projects Egypt & Djibouti are risk on areas.

Codes of Law, Compliance, Freedom and Human Rights rate Turkey ahead of trailing Egypt and Djibouti

Out of the Frying Pan into the Fire ?

You lost a good'un in Blobby who admirably analysed questions.

Anyway not my problem, will button up.

Good luck to all.

[charles clore] 29/4/2017 10:54

Tad - it seems Marcus got us out just in time

[tadtech] 29/4/2017 10:24

More signs that the exit from Turkey may be a good move. The State is becoming more authoritarian............

Turkish authorities block Wikipedia

[charles clore] 29/4/2017 09:19

Good luck to everyone whatever you do. I will see you on the other side.

[shavian] 29/4/2017 08:03

If ThaniStratex floats I may buy back in there to access Pandora without being bogged down by Dalafin and Goldstone.

[romeike] 29/4/2017 01:01

For anyone interested in Thani Stratex (and that should probably be everyone holding shares here) you can sign up for news by email on their website.

h##p://thanistratex.com/contact/details/

[5huu] 28/4/2017 23:49

All the very best Blobby. Always enjoyed reading your posts on here.

[luminoso] 28/4/2017 23:44

For me, its all about TS now.
There may be some wonderful near producing/newly producing asset out there that I am unaware of, and Marcus may be about to snap it up for next to nothing, but I feel its unlikely. Not sure STI can afford something that special anyway.
GLR and Dalafin should be dumped or shelved IMO and Muratdere sold off.
Eldorado should be given bargepole treatment cos its in Turkey.
30% of something special is a lot better than 50-100% of something dodgy.
I will await the announcement of their intentions, before considering buying back in.

[luminoso] 28/4/2017 23:32

Blobby. Hope your re-investment of the STI cash is a successful one. I have always enjoyed your balanced, well researched, measured and thoughtful contributions on here.
All the best.

[blobby] 28/4/2017 21:40

Charles, I saw your $20m but have no idea where that came from or why. It is no good companies not telling all shareholders what is going on for years. Clearly Marcus is no change at all, possibly worse communications.

juju, good luck. I think you need it.

corguv, many thanks.

[corguv] 28/4/2017 20:23

Good luck Blobby.
Hope your future investments live up to management's reports and perform very well indeed.

[juju44] 28/4/2017 17:50

Blobby , I am still here hoping for some lift to let me out . Its been a dog for years now and I see little upside drama with Englebrecht and co.

[charles clore] 28/4/2017 17:26

blobby - the sale price was much less than I expected. You may have missed one of my earlier posts when I estimated a starting point for negotiations to be $20m. Now we know the actual figure it makes it clear that there were real problems with the agreement. I don't even know if there was a formal contract! Everything was kept hush-hush by Bob and Chris Hall leaving shareholders with no clue what was going on. People had to guess values, guess production rates, and arrive at valuations that turned out to be a long way out. Had Marcus gone down the litigation route I expect we would have ended up with perhaps a little more than $8m. BUT after 5 years with a legal battle hovering over our heads during that period what do you think the share price would have been then? Look at OXUS for example. Sure, I would agree with you the price achieved was not what anyone would have expected as far as fair value goes, but at least now we have a clean break with a decent wedge of cash and a great opportunity to make something worthwhile of the company. It is now up to Marcus to deliver.

[blobby] 28/4/2017 16:49

Charles, if I had a pound for every time you have said "I will be topping up again" I'd be a lot better off.

The Altintepe sale was a massive disappointment for me. My attempts at valuation by several means produced a much higher value and I was not alone. Here is a quote from Northland Capital in 2012 for example:

"The minimum production target for the project is approximately 30,000oz Au per annum. We currently have a 50% exploration stage discount applied to our valuation of Altintepe but once production begins the valuation discount should reduce and our valuation of Stratex’s share of the project could potentially double from its current level of £18m (3.9p per share)."

So this looks like a value of £36 million. Other valuations may vary slightly but the amount realised was a complete shock and I think ordinary shareholders like myself would have been completely in the dark about this. If you had a more accurate valuation based on some public information before the sale then please share it, I'm keen to learn where I went wrong.