Member Info for HawaiifiveO

Kulabkhan I cannot recall coming across such an intransigent individual for a very long time. Quite why are you here? You fail to answer continually. You strike me as a stale bull who will not accept YOUR decision to buy Stratex shares probably at the height of the last bull market, you probably paid 5p-6p-7p People are not interested in your stale and bitter views, fact is Stratex has £4m in cash, what other junior with a market cap of £6.75m has that level of funds in the current environment?? Fact is Stratex DO OWN 45% of a low cost operational gold mine and WILL receive 20% revenues from output of 35,000 per annum production. Fact is the mine cost £40m to build but it has cost Stratex nothing. You also stretch the truth (I could say lie ) to suit your agenda (which is??) Estimates by brokers suggest Stratex could move to 45% revenues within 30 months, possibly sooner depending on gold prices. Buy low sell high is the idea, you obviously prefer the opposite! Any purchase around current levels could bag or multi - bag on a short or even mid term basis in my view.

Stratex could easily warrant a share price of 3p right now plain and simple. Even then the market cap would would still be under £15m with £4m cash and a 45% stake in a low cost gold mine that cost $40m to build. Buy low sell high is the idea, ignore the trolls their time is over, sector recover is now on after a 4 year bear market.

Looking good here, producers are in demand, gold moving in the right direction, sentiment towards the sector turning. Cash £4m v market cap of £6.5m, one of the cheapest producers in the sector. Target 3p is not unrealistic

Despite the official share price recently showing the bid at 1.1p the offer has remained pretty firm and generally speaking, over a longer period of time, it has been hard to buy many shares under 1.5p. The point I make is that there cannot be many sellers under 1.5p, the real bid at the close on Friday was 1.35p. The current market value of this company just exceeds £6m, they have £4m cash and 45% of a Turkish low operating cost which has been independently valued by brokers at £15m. The board have cut G&A costs aggressively, all exploration spend in Africa has been put on hold or farmed out to JV partners + the other Turkish assets remain of value, Muratdere in particular. Their stake in AIM listed Goldstone is worth about £700k. Even in the current climate I noticed that non producing Mariana Resources, with assets in Turkey and other jurisdictions has a market value of double that of Stratex. It is a good comparison. Stratex is very undervalued currently but the market makers are historically very fast to move the shares up on any modest buying demand. If gold continues it's run, or value investors start to buy in then the share price will move accordingly.

Excellent news that gold has broken through a key resistance level. Just wait when a few traders find Stratex, it only takes tiny volume to move the share price significantly. Buy low sell high is the idea, some seem to have worked the other way round and now blame everyone else for their mistakes!

Gold has been a strong performer this year and approaches $1100oz. A number of juniors have already started to re-rate, some by large % moves. It is only a matter of time before Stratex re-rates. The £7m market cap v cash of over £4m and production revenues of £2m makes an investment at current levels a no brainer if gold continues to rally. Back in November the share price was 2.5p

Nothing will hold the Stratex share price back if gold continues to gain ground, not even ongoing posts from the ultra bitter burnt long kulabkhan. We can shortly look forward to operational progress and gold revenues from the low cost Turkish mine. Over £4m in the bank and annual revenues could top £2m this year once full production kicks in. I expect to see a plethora of news releases from Stratex in Q1

Go bust, you are joking! They hold over $9.5m cash verses the current market cap of £2.7m. From the recent update............ 'The Company, with its current cash resources, and with no debt and no decommissioning obligations, is in a strong financial position. Estimated unrestricted cash on hand, less trade payables is US$9.7 million' What is more is that interest in the recent Irish licensing round was very high so there is a possibility to secure a JV partner, if that happens the shares will sky rocket. Both EOG and AEY are cheap in my view. Many are looking for 4p+ here

How much money have you lost on STI, come on own up. Did Mr Foster and Co force you to press the buy button pre cycle crash when the shares were 5p+ Must be galling to see others buying in at 1.3p 1.4p 1.5p etc Accept you made a bad decision buying in at the top of the last mining bull market. In the meantime some very shrewd folk buying in around current levels will make lots of money when the sector recovers, many think gold will bounce in 2016, if so Stratex will be north of 3p+ once again and todays buyers will be well rewarded.

Either you are short (unlikely) or you are a stale bull who has bought in above 6p towards the end of the last mining bull cycle and are sitting on heavy losses. Of course you will never admit what you are will you? Right now a few historic critics of Stratex are starting to buy back in, or adding, on the basis they consider the company to be materially undervalued at current levels. That may be a surprise no! I have been a buyer sub 2p and will continue to add, the idea is to buy at the bottom of the cycle not the top. I suppose that is something that has not dawned on you. Anyone who has recently researched Stratex may consider the shares to be materially undervalued. I bet you wish you had not bought in at 6p+ but could buy in at 1.5p don't you !! When the sector turns Stratex will be a major beneficiary.

I read somewhere that Stratex management said at Mines/Money event that Muratdere sale is still possible, lots of hints across the year they would be prepared to monetise this. Could fetch decent wonga! Interesting the move in Goldstone today where Stratex own 33% STI looks super cheap at this level

At the moment the market in mining juniors is woeful but Stratex are now a gold producer and a significant one at that. If gold bounces buyers will return. There is also a chance of a bid for the company due to its low value. They have cut costs and streamlined operations. One issue with Stratex bulletin board sentiment, both here and on AD@FN, is the constant de-ramping from EXTREMELY bitter stale bulls who have presumably lost large sums of money on their investment due to the 4 year mining bear market. These folk seem to have no recognition for the FACT that we are in one of the worst mining bear markets of all time. They constantly blame the board of Stratex for their decisions to buy in at the height of the last mining bull market where STI shares were trading north of 9p. When the tide turns buyers at current levels will see their shares multiply numerous times, it has happened before and it will happen again.

Short term chartist target by Zak Mir today

http://www.stratexinternational.com/public/site/uploads/analystFile-41.PDF

I have been thinking as to why there have been so many large roll-overs in OBT for the last 6 months or so. I can only conclude that a number of people, possibly close to the company, or market insiders, are aware that at some point OBT will receive a firm bid approach at a significant premium to market. There has been press chat of a 23p approach in the recent past. These large positions would have taken a significant amount of time to build up. I find the continued roll-overs to be a bull sign, potential corporate action may only be a few months away, or it could come tomorrow of course!!

Kestral added a further 1.75m shares, they now have 15.3% The free float, which was already low, is slowly being taken out. MBO or private equity takeover coming ?? Worth a punt at 10p

Observer007 19 Dec'14 - 11:53 - 1462 of 1462 0 0 There was huge momentum here only one month ago based on some very upbeat news releases and a much improved trading position but the warrant issue stopped the share price exceeding 10p bid, the warrant conversion price. The warrants are now history!!! For the last month the shares have been in limbo but there is money to be made here, the shares will re-rate quickly due to their illiquid nature. Remember this... · November launch of the new portable hotel model · Successful 2014 events season · Positive trading outlook · Strong cash position http://www.investegate.co.uk/snoozebox-hldgs-plc--zzz-/rns/trading-statement/201411060700172890W/ The shares are primed for a major move up, the trading performance has exceeded expectations in a very short while. Last March the stock moved quickly from 8p to 19p, it can happen again.

SP Angel, new coverage with link here........... http://www.shareprophets.advfn.com/views/4373/goldplat-at-5p-worth-12p-says-broker-sp-angel