Member Info for kulabkhan

A factual response to Goldman's Thani Stratex query results in an hysterical HO post ! Oksut NSR flogged off to raise cash for admin charges and mates in West Africa ? Q1 will finish with 2015 annual Report and Accounts. Cash burn since Spring 2013 has been horrendous over £17 million.

Goldman, Think Thani-Stratex is basically a convenient 'Holding operation' after the withdrawal of Anglo Gold Ashanti from the MENA region and the joint venture. Each have contributed a modest $1m only enough to keep floating the company rather than progress any of the East African/Egyptian prospects. Pity that Oklila/Pandora remains an unknown.

2016 could be a volatile year, so have cleared out of Bonds and individual stocks in favour of cash to re-invest in any further routs. Meantime continue to hold and add to higher income investment Trusts with a portfolio of 18 separate ITs currently, the last added BRCI. The Saudi/Iran Sunny/Shia situation could push oil in 2016 ?

Since the directors 'awarded themselves' a million pounds at the 31 December 2012 year end, they have continued to pay themselves very well, bulled prospects and the company, whilst the sp went down with pathetic share purchases up to 17 months ago and none since. Actions speak louder than words. Happy New Year.

Tell the directors ! They don't seem to know that as it is May 2014 since they bought a single share in the company. Happy New Year Troajan

driftking27 2016 is very much 'on watch' having cashed in most Equity and Bond investments leaving the long term IT portfolio for income in place. The weightings are distorted by date of purchase and performance, with a high proportion held in our two ISAs. BRCI was our most recent joint purchases getting in just under 55p in a year where we have mainly been reluctant buyers except for trading in dips. We have an unusually high cash position.

Punk Spring 2013 Cash £17 million now hardly enough to buy the directors' tea bags and jollies, Oksut flogged off for £3million. You are generous to them as they are with your money Good luck mate

driftking 27. Warren applauds sound dividends and the ITs you are looking a,t have currently : AAIF 5.443% CTY 4.4358% BRCI 12.12% MYI 6.1766% Bonds are at the top of a bull run perhaps, Commodities nearing the bottom perhaps ? BRCI may or may not sustain a full 12 percent dividend either because the big oils/miners cut theirs, in which case the current oversold price of 55p may be justified or because the share price strengthens as commodity prices bottom out as we move forward ? Yes I was born when "White Christmas" was the Christmas song of the year, so my view is cautious overall ! A very happy New Year

driftking27 We are both fans of Warren Buffet I think. With regards to Bonds, they have been in a long term Bull market. Look at the pathetic yields take US Treasuries : 2 year 1.1% 5 year 1.8% 10 year 2.3% 30 year 3.0% What did Warren say earlier this year : "If I had an easy way, and a non-risk way, of shorting a whole lot of 20- or 30-year bonds, I'd do it," Of course he is right, these eye wateringly low rates cannot be long term sustained. They are grossly overvalued imo

Yes I Am quite capable of working it out. Shame you haven't an original thought in your head. Centerra on the other hand have and no doubt are satisfied with their purchase of a capped $20 million NSR for $4.5 million. A successful company making profits and paying dividends very capable gold miners. Capable of increasing the resource somewhat ? Capable of working out that the commodity slump will turn around. By the way IJIT $10 million is half of $20 million and $20 million is double $10 million postings are entirely consistent. If you can work it out. Meantime the BOD of Stratex will also be consistent squandering £3million on Admin and mates in west Africa. Good money after bad quite simple.

Cheers Punk more likely your gang talking it up, or even more likely at the moment bored MMs playing games. All the best for 2016 Punk.

driftking27 Not easy at the moment, with low interest rates and bond yields, neither appeal. At my age criteria are safety Ah Ah ! some growth and good dividends. Ah Ah Ah ! These days selection and timing seem ever more crucial, bought into CYN and BRCI on basis of commodity rout will be overdone and agree your view BRCI dividend. Do like Investment Trusts myself and have an IT income portfolio CYN BRCI AAIF CTY EAT ECWO EDIN HFEL JEMI JFJ PEW PHP PLI SDV SHRS SLET TMP UKCM primary purpose regular dividend flow and lower risk. Have cashed up the majority of ordinary shares and bonds awaiting better investment opportunity. Newton Asian Income under new manager following resignation Jason Pidcock but no doubt you have considered that already. Hope you have excellent New Year

Oksut NSR had a high degree of certainty of delivering at least $10mlion and a fair degree of certainty of delivering a return of $20 million. Commencing 2017/18. Centerra has a strong record. Selling this for $4.5mollion to cover admin costs and buy into long term uncertainty in something or other in West Africa is not a good investment imo and the sp reflects the BOD's lousy record of squandering massive amounts of cash since Spring 2013 £17 million or $25 million smell the coffee Happy Christmas Punk PS been buying BRCI for 12 pct div and perhaps signs of commodities bottoming ?

Happy Christmas to you Toxi, see you are full of Christmas Spirits.

BlackRock the BOD drooled over their 'new gold province" in the Afar, spent £5million in double quick time of shareholders funds,hyping away. Then quietly capitalised Blackrock dust as a £5 million asset. Just one example of many on how to burn £40 million. Directors and admin costs excessively high grind away month on month. The hype is not for shareholders' benefit it is to keep the BOD in the comfortable manner to which they have become accustomed and will remain so with the help of disingenuous Bulls

HO Your mates at Stratex are looking forward to wasting yet more shareholders funds having flogged off Oksut NSR. All the hype before Stratex Year End is to ensure the BOD remain comfortably in place along with their mates at associated BODs supported by excessive admin. You are playing your book trying to suck in more unsuspecting PIs' cash. Feel proud mate.

The commodity markets have been routed to basement levels and BRCI sp reflects this. There is considerable upside potential the question is when. Meantime BRCI dividend is now at around 12 percent per annum and is likely to remain at healthy levels.so happy Christmas JM and GLA in 2016

Drivel If you care to read the Northland Capital Partners' 'valuation' you would see their current value for Oksut NSR was £5 million whilst Stratex BOD sold at £2 million LESS Which you consider a 'very good price indeed' Stratex BOD will go through £3 million in quick time.

Please read £5million valuation not £3 million! Blah a "very good price indeed!"

Cliveas Tripe Northland Capital Partners the Bulls Bible in their last Stratex valuation put £5million on Oksut not £5million awaiting the downward valuation Tripe it will be perhaps 3 years before Stratex earn 45% of Altintepe income. Bull's bo**ocks