Member Info for garygazgas

I must admit to being surprised by the drop in SP. Stratex are now a producer and have been successful with their first gold pour. However, since this news the SP has fallen back, with no market positivity about the gold pour. The broker target price has been reiterated at 7.8p and yet here we are at 1.6p! IMHO this is a great level to buy in at, I'm just uncertain as to whether the market would concur! GLA

Mirror mirror on the wall who's the biggest dic##ead of them all?

I was surprised to see the SP drop here, as it did on Friday. The RNS was what both investors and the market had been waiting for, with Stratex now establishing themselves as a producer. I know a lot of investors like to sell on news, but actually there wasn't a great deal of sells and in actual fact it looks as though as many bought in. This share should no longer be deemed a speculative buy, owing to the company's new found status. The broker gas reiterated it's buy recommendation and target price of 7.8p and the future looks bright. It will remain a while before full production is achieved and income streams broaden, but with other projects in the pipeline, I believe the SP will tick up quite steadily in the near future. DYOR as always and just my opinion, but I believe that there is good reward to be had by investing here.

With all due respect the broker target is about as useful as an Elastoplast on a burst dam. As it happens I'm fairly heavily invested here and wish to share your optimism! In all honesty, I thought with the RNS on first gold pour, that we would enjoy a decent increase today, not a drop!

Romeike! Not sure I grasp what you're saying re market reacting in a normal way. What is normal? I'm not sure that a re-rate is inevitable, as the market cap is well in advance of where Stratex sit at present. We p're only at first pour and we don't know for definite what extraction problems may be ahead. Even with first pour achieved, mining is never an exact science. Also, why when there has been little activity here for weeks, would a relative flood of sells suddenly take place on the arrival of what should be good news? Maybe the RNS has failed to satisfy the market? I've been invested a while here and am surprised at the way this has tumbled. Just reached the lowest point for quite some time on what should be good news!

So first gold pour and not the reaction from the market that folks were predicting. A few have spoken of a re-rate, could it be that the market believes that the SP already reflects the value of the gold pour, until much further along the line? Not an opinion of mine, but more of an invite to other investors to share their thoughts! GLA

You've not read my post correctly. I did not say the company were likely to be bankrupt in April. I was asking for a hypothetical meaning if April cam and the company were delisted. I was inviting debate. I didn't say they would be bankrupt and I didn't say they would be looking to go private at that juncture by buying back shares. Just was interested to glean people's views should nothing happen ahead of April 22!

I agree with your last statement, other than I haven't seen anyone doing that in recent posts

Cheers guys! By way I was neither ramping or de ramping as I've not suggested for one moment that this is heading in any particular direction. I just wanted to invite opinions as to the likely scenario in the event this was delisted post April 22. I'm not suggesting that this will delist either! GLA

Thank you for response to me at 0855. I guess I didn't phrase my question very well. I realise the company would be delisted, but I guess I was trying to gain folk's views as to whether the shares I would still hold would be worthless, as Ceb are likely to be bankrupt at that juncture or is it felt that Ceb might look to buy back shares as it would be looking to perhaps go private? Just wondered what the consensus was should delisting take place? Is anyone interested in buying my shares at 2p a time, because they so fervently believe this is a multi bagger? Lol

Thank you for your comments. Albeit you can only be suspended on Aim for 6 months, if the 22 April arrived and the suspension hadn't been lifted, does the trading of its shares being cancelled mean the shares held are without value? In all my years investing, I've not come across this situation before!

Is anyone able to clarify the last sentence of the RNS please? "If the Company does not publish an admission document before 22 April 2016, trading of it's shares on Aim will be cancelled pursuant to Rule 41 of the Aim rules."

I can't speak for Halifax's accounting procedures, but I have to confess to being surprised not showing anywhere. Though I don't believe this is anything in itself to be concerned about!

Take comfort from the fact that nobody's should be showing other than an accounting statement showing the number of shares owned against av100% loss until suspension lifted!

A few buys and a couple of sells, though why would anyone wan to be selling? The SP here isn't reflecting the value of what's undoubtedly soon to follow. We should really be testing 3p here imho. I can't see anything negative here, other than the potential for further delay, but that shouldn't impact on the SP in my eyes. Onwards and Upwards, time for the brakes to be released!

No worries for you Hothead if you've been here 5 years! A few more months for this to hit the stratosphere won't hurt! My holding similar to yours at just under 500k. Let's hope thus is a case of good things coming to those that wait! I remain convinced that this is a great investment opportunity at the current level!

Bugger all volume and quiet for months from Stratex's brokers. I'm still convinced this will fly, unfortunately just not as quickly as I originally thought!

Good start to the week. I fully expect this to break through 3 this week!

Don't worry about 3p. I stand by my earlier post that this will be 4p by the end of the month! My opinion based on my research! I also believe that that will be just the start. Longer term!

I'm pretty sure that the MmS are holding back the price at present, but I could be wrong. I think this is still a great entry point!