Member Info for kulabkhan

Yep Bob had a quick waffle nothing happening waiting to hear news. So is everyone else ! Then a beer in the sunshine with his mates.

Glad to hear it Punk guess we are just seeing opposite sides of the same coin but they are very different perspectives ! On gold depends if fear in the market continues to build or not. Stratex is high risk, higher risk than others in the sector imo

True if you maximise all the pluses, assume no problems with the Court Case or production. Forget that the cash is the product if of the recent sale of Oksut NSR, forget admin and directors costs running at $250,000 a month ! forget that the directors have burned through $30,000,000 in the last three years and $60,000,000 since start up, forget that all the projects and GRL have run out of cash.

There is talk that oil is bottoming and may be higher by the end of the year particularly if the producers can stitch together an agreement. This may help the sustainability of a high dividend. particularly important as there is a perception that UK interest rates are now unlikely to be increased and may even be cut. As to entry point there may be a better day than today but we are today looking at a nominal annual dividend rate of over 11 percent.

Another day another BOD with Directors and Admin costs draining cash, past, present and future.

Into profit and just received1.5pence quarterly dividend. Patience could be rewarded further. Interest rates look benign or weak.

Punk but it might effect the post 20% income or extent and length of the 45% share ? Thanks hardtofigure thought I was always a grumpy old s*d. Guess there was a time before the Dalafin debacle before Chris Hall showed he couldn't give a s*d about shareholders and further back when Oksut sparkled. Wasted opportunities plus fatigue with a BOD that blew it and has been looking after themselves rather than you, me and all the other shareholders. Sorry So I ttry and tell it just the way it is imo.

Oksut NSR under the excellent management was a far better proposition than uncertainty in West Africa baling out mates of the BOD. Altintepe is not certain yet until the Supreme Court rules.

Altintepe should cover Directors salaries and admin for a while jolly good ho

What other activities ? They are suspended There has been no drilling all year It's all on their mates in West Africa. Oksut $20million NSR flogged for £3m To bail out whom ?

Just what Stratex need another director plus admin staff. If grass roots exploration is no longer the main activity of the company surely there should be staff cuts. None announced, Will be interesting to see the Annual Report and Accounts after all the talk of cuts in admin costs on this BB

HO Quote: "Fact is the mine has cost '£40m' to build but it has cost Stratex nothing" On the contrary there is an obvious cost which in your state of blinkered denial you refuse to see. It has cost Stratex there share of the cost of the Mine by a loss of income over three and half years. But you are so right of course - once the Mine is worked out Stratex will own 45% of a hole in the ground. Yep 45% ownership of nothing. BlackRock Stratex owned 100% spent £5million on drilling dust. Result Zero. Capitalised £5million as an "asset" and shovelled a slice off into Thani Stratex. Etc etc . You either don't get it or are just pumping your and the BOD's book mate.

The 45 pct stake ? Stratex receives just 20% of net income until the $39 million it cost to build is recovered by partner Bahar in full, So that's about 42 months at 20 % 42 months when Stratex is short of cash no more Oksut to flog off. And we still have to learn the outcome of the Supreme Court hearing on Altintepe. As for the share price it warrants nothing other than what the market values and trusts the company and BOD.

Yes Idipw it is all rubbish: Stratex has burned through about £45million since start up. £17million burned through since Spring 2013. Just flogged off the $20 million Oksut NSR for about £3million in desperate need of cash to pay recorded excessive admin and directors costs. BOD left with little Altintepe but hasn't said how Appeal to Supreme Court is going yet and if any conditions to be applied. Got no money to drill anything. Thani Stratex moribund GRL virtually cashless. What have you got to say - anything near the truth is in your opinion rubbish. Heard it all before mate.

Usual stuff being posted You wouldn't know reading the posts that this company incinerates cash and shareholders funds.

First half Interims to 30 June admin alone for 6 months £1,143,000 or £44,000 a week should buy a few lunches ! .

The problem is the admin bleed, Bob had no choice. The bleed goes on, leaving scant money to spend either on existing prospects or on further adventures with mates in West Africa which desired by BOD, cash spend goes on and on.

Was n't it Bob Foster who talked about dilution to fund further West African adventure with his mates. Meantime with excessive admin costs chewing up cash there will be scant else for funding anything else.

Zia To arrive at a balanced view of anything including Stratex it is surely best to consider the balance between the Pluses and the Minuses No ? On Stratex BB there are those who simply add up the Pluses claiming it is undervalued and thus Punters should buy or miss the boat , which in fact has been sinking deeper in the water for the past three years. Why do they do this? They are playing their own or even the BOD's book imv, Expenditure is out of control at Stratex, the cash balance has crashed even after flogging off Oksut. Only a sustained and massive rise in gold and copper would make Stratex viable imv and you can find better run companies to take advantage of that should it perchance happen in coming years.

The market is saying it doesn't trust a BOD that after rewarding themselves lavishly blew away more than £17million of shareholders funds over the past three years. So after flogging off Oksut NSR and listening to Bob talking about spending in West Africa and may be going to the market to raise more, why should the market or shareholders trust a profligate bunch of directors ? Or posters who year after year preach one side of their and the BOD's book and Ignore horrendous expenditure and cash burn ?