Stratex Share Discussion Threads

[bastiat79] 07/9/2017 15:35

Got to laugh at the chippy comments from Stratex shareholders re: Borborema and Juruena. You now have two good resources to develop. Should be happy to aquire them so cheaply. Did you think they would be sold for nothing?

[charles clore] 07/9/2017 14:45

Borborema - makes me laugh when I hear that name.

Definition - borborygmus

noun: borborygmus; plural noun: borborygmi

a rumbling or gurgling noise made by the movement of fluid and gas in the intestines

[romeike] 07/9/2017 11:12

An interesting read. Pretty exciting stuff.

I was concerned with how the path to production keeps getting pushed back in the documents and in what Marcus says vs. what Crusader guys say. First it was an operational mine in under a year, now its 2-3 years or 3-5 years to a high level of production depending on what you want to read into the various communications.

Reading this investor report I believe this is mainly because the Crusader team had targeted part of the Juruena prospect for fast track exploitation, but Stratex is now pushing this to the back burner in favour of focusing on Borborema. I guess this is less risk and it makes sense to focus on the larger, low cost, open pit mine which has the advantages of straight forward supply for all mining requirements.

At the same time it's a shame to think of all that high grade resource sitting in the ground with little prospect of a mine there for at least 3-5 years and it gives the geologists on the team free reign to spend a fortune wandering around the Juruena site with a toffee hammer for years on end. Still, if they do get Borborema up and running to their "aspirational" level they will be able to afford it.

[tadtech] 07/9/2017 09:13

Worth noting that the 3.18p price target is based on a gold price of $1275oz


From the presentation.........

The merger with Crusader Resources is an example of a transaction which fits the
above mentioned criteria.

In our view Borborema and Juruena are of significant promise, which has not been recognised by the market. We feel, the merger provides an opportunity to inject a new lease of life into the assets and realise significant value for the shareholders of both companies.

[goldenshare888] 07/9/2017 09:13

LOL :))

I will hold for 3p+ but not add further.

[shortarm] 07/9/2017 08:38

You're funny...But then we already knew that :-)

[goldenshare888] 07/9/2017 08:27

Boroborema:

I am struggling with the old Portugese translation - local dialect c 1400:

I think it means either:

Borrow forever or large hole in the ground with a liar stood at the top!

Neither is great!!!

LOL

[exbiz] 06/9/2017 17:13

Thanks Tad

[tadtech] 06/9/2017 16:28

Just released, new broker coverage offers 12 month target price of 3.18p

[romeike] 06/9/2017 09:27

Hence the zzzzz here :D

Wouldn't be surprised to see this drop under a penny simply on investor apathy before then.

[exbiz] 05/9/2017 09:40

Anyone know when the t/o will be completed and the new company will be re-listed after the share shake down ? I'm sure the information is out there easily accessible but I have completely lost interest in looking at this company. I will hold as the Brazilian assets look very good and STI is trading well below cash with zero attributed to assets ie. TS stake but for now until newco. are organised nobody is going to invest here knowing share dilution is on its way.

[filfinger] 04/9/2017 17:00

I am more attached to my "former" than the "later" to be honest

[romeike] 04/9/2017 15:07

Only the big guys and the big funds gaining so far today, despite 12 month high for POG. Has the bitcoin ponzi already stolen all the action?

[tadtech] 04/9/2017 13:31

Can only be a matter of time before the junior gold stocks start attracting the markets attention.

Twitter post from Stratex today

[charles clore] 01/9/2017 15:24

I can understand why someone would be excited over the rising Tembo price. But it hasn't affected this.

[tadtech] 31/8/2017 21:44

Stratex now active on Twitter, this is a new company once the merger completes.

[goldenshare888] 31/8/2017 21:05

$1323 & Tembo UP 33.3% currently.

Expecting improvement here tomorrow..........

[novicetrade68] 31/8/2017 18:13

Interesting this went up today despite seemingly a stale bull selling at the bottom.

[goldenshare888] 31/8/2017 18:11

With the low grades & low resource at Homase don't get too excited about a profitable mine:

More like a pipe dream me thinks......the financiers/brokers/directors may make some money though!! Cough!

Safer bet is owning Stratex me thinks.......and they own a chunk of GRL just in case they actually get going....yawn

[romeike] 30/8/2017 14:09

GRL could realistically build a mine within a year. So could the new Stratex but I suspect it will take them longer as they may try to raise additional finance.

[shortarm] 30/8/2017 11:30

Anyone else think GRL will be the first to dig some gold up?

[juju44] 29/8/2017 10:30

What do these clowns do all day for their inflated salaries. Talk about never never land