Member Info for ChazBigspuds

Positive all round and finally some news on Altintepe at last. Still can't understand how they've gone this long not getting appropriate cash distribution from Bahar, but one can only hope that they finally pull their collective fingers out and finalise the detail soon. If they do and with all these other projects progressing, value will finally start to be reflected here in the SP. As I've said before, this has good multibag potential on Altintepe monies alone never mind everything else and it remains a strong hold for me.

Well whoever is behind all these buys of late seems perfectly happy picking up lumps of 200k to 1 million for anything up to 1.9p a share, but once it touches there, they stand off and wait for the price to drop off again. Good tactics really if you want to acquire a stake on the quiet and they'll need to buy plenty more before it triggers any kind of RNS, so why not repeat it, as its clearly working! It wouldn't surprise me if it was someone like Metal Tiger buying in here though. Of course, Metal Tiger and Stratex are already both big shareholders in Goldstone Resources Ltd., so there's some history and you can't deny that Stratex are massively undervalued here once the overdue Altintepe monies start rolling in.

I know little happens here usually, but after BCNs news today and owning 19.2% of it, you'd think a few here would comment?!

Lol, maybe Bahar are buidling up a stake on the quiet, but someone appears to be, which is never a bad sign?!

Mind you, it wouldn't be a bad idea if Stratex ever did get their side of the agreement sorted and got the monies due. Bahar could buy out Stratex for a song right now given its current MCAP and keep all the gold for themselves. Stranger things have happened!

Nope. I think Bahar are perfectly happy just reneging on the agreement until someone at Stratex gets a half decent brief on the case. After all, they're coining it right now from all the gold pour/sales and getting all their monies back and not even telling Stratex how much they've got out or sold.

2.0/1.50 - the spreads immense here - why?!

Well someone is certainly piling in here with regular 200k purchases of late. Nothing too major at this stage of course, but all done in quickly purchased batches (a couple of minutes apart) to ensure it doesn't trigger too much interest I suppose. Not sure how much free float there is here, but if we do finally get what's due from Altintepe, then this should really begin to fly upwards. Not sure about others here, but I bought in here some time ago at 1.8p and have been a tad disappointed with the news flow and even more so with the Board here, who I think have been slow with announcements and somewhat naive to date, but they can still turn this around. The SP has been slightly up and down at different points, but I've always held firm and remain convinced that this is another of those sleeping, wildly undervalued companies that I like. Thankfully my hit rate for these undervalued gems is improving of late, so I'm rather hoping that this will be my next multi bagging flyer. Value always prevails as I often say, but this one needs news soon and maybe, just maybe, it'll be sooner rather than later. We shall see.

A few 200k blocks being picked up of late - are we finally going to hear some news here soon?!!

Are you invested here Hothead1?! I certainly don't want to see STI go bust, but would like to think a month on, that there's been some progress at Altintepe with Bahar by now to report on. And when are the final results for last year due for release, as they're a few weeks late too? Is this board doing anything at all - they're not just naive, but managing this business and communications with its shareholders poorly too by the looks of things.

On the matter of the directors and management, Stratex International apparently comprises a highly experienced management team, supported by top-level financial and commercial colleagues at Board level. Great words, but I'd suggest that if this is the case, then they need to start pooling their collective experience together soon to prove they're worth their money and get this mess of their making sorted asap.

All my shares in profit except this sleeping potential multi bagger and the poorly run ACP. With all that money from Altintepe due, I always saw the MCAP here as being incredibly low. Clearly there's a major legal row brewing here, but you'd like to think sense would prevail. Bahar have clearly done the dirty here on the original agreement and it was apparent from initial RNS's that monies hadn't come over as expected. Worse, the fact that Stratex can only estimate gold production now is proof they have no clue about how much gold has been extracted and sold - there's clearly no lines of communication between the two companies. Stratex have always been poor communicators to their investors sadly and their board deserve nil respect for their whole part in all this fiasco. They need to pull their finger out here and stop being so naive, so that the true value of this company can finally be realised. I'm still confident we'll see a doubling or trebling of the SP from here, but wouldn't like to guess when.

I suspect there are few shares left in the free float here after recent activity and it might explain the wide spread we're seeing at the moment, which is clearly designed to suppress buying. I can see this bouncing strongly at some point soon, but we need some positive news soon, particularly on all this money we have due from gold sales at Altintepe ... or was the agreement there written on the back of a fag packet?!! You have to wonder at times why some of these board members of AIM companies are paid the big bucks at times. They must employ solicitors who are barely able to get them off a bus, never mind draw up a binding agreement, LOL!

Like you, I was rather hoping to hear the next update on production and sales derived from Altintepe by now, but given that the 18th April update took over a month to confirm production and sales to 16th March, I suppose it depends from what point the next quarterly update runs to? An update to 16th June would using the same timescale be due now, but equally, an update to the end of June might take until early August! Irrespective, I'm a happy holder here, as I have every confidence that the next update will only prove how undervalued STI is and must assume that the delays in reporting are due to the sheer enormity of ounces produced and counting all the cash its sale derives!

A few bits of news due here, but main interest on the immediate horizon must be the next update on production and income from Altintepe. Given initial reports of gold pour/sales that largely went under the radar, I firmly believe that the next update will only prove just how undervalued STI is and it should fly from there. As ever though, the MM's have played it well and done their best to get some cheap shares. The spread is ridiculous yet again and this has ultimately done its job of putting off buyers for now, but just a few sustained buys will push this northwards. Its only a matter of time now.

Maybe its just my cynicism of the markets and the way larger orders get filled on the quiet, but whenever mini-accumulation in a little share like this occurs with 100, 150 and 300k lumps and mention is made of it on BB's like this, the buys often seem to immediately change to 100,648 or 96,315 as though that masks it? Maybe I'm getting too cynical about the games played?! Anyway, interesting times ahead here.

The market has yet to fully realise the value here since the 14th April RNS and I'm surprised the SP has been suppressed for this long, but then it remains off most peoples radar for now. Whenever the price dips a tad, someone seems to take the opportunity to accumulate in small blocks for a few hours and that's happened again today. Wouldn't be surprised to start seeing some delayed trades appearing too, as more news approaches on continued gold production (ahead of projections) and the all important cash from its sale. The next couple of RNS's should ensure these levels are not seen again, so a strong hold for me with my holding here and I've no doubt that the herd will eventually arrive at some point soon to propel this yet further.

At last ... people awaken to how undervalued this is!

You can buy these for less than 1.4p per share even though the spread shows as 1.5/1.3. A crazy bargain at the moment and so undervalued, but the movements of late have clearly put off investors here for now. Anyway, I'm happy to sit on my small investment in OSU and wait for the value to be recognised, which can only be a matter of time.

Well on TD, I can't get a firm price even for a tiny numbers of shares, so I suspect that just a little buying pressure here could really see this fly, as it remains massively undervalued.