Member Info for kulabkhan

PK since start up this BOD has burned through around £45 million. In the past 30 months alone the BOD have burned through over £15 million. Now the BOD are running out of cash they have flogged off Oksut $20 million capped NSR for £3 million. Why ? Because the BOD need even more spending money. The problem with the Bulls here and on Advfn is that they ignore expenditure, excessive admin costs, multiple directors on multiple boards costs, fat bonuses and deeply discounted share options. It's Christmas time again, Stratex Year End and the figures and fundamentals continuing the spiral nose dive but wait suddenly we have all the hype and all will be well, we now have relatively speaking pocket money for the BOD to spend on themselves, their friends at Silvrex GRL Tembo and Bob talking about raising cash for yet another 'venture'. My friend PFL have a good Christmas but don't count on anything from Stratex imo

Yellow Jersey flogging the old nag to the bitter year End finishing line. Well will the punters ever learn ?

Long term Stratex 'analyst' Northland Capital Partners should be downgrading 'their' over exuberant valuation of Stratex following the sale of Oksut surely !?

Centerra a good company their sp up 37 pct this year not bad for a miner Che ! Bought out Stratex NSR for £3.5m with a pay back for Centerra £14m over 3 to 8 years. Just imagine if Stratex had done the same with their massive 2013 cash pile ! Dream on. The £3.5 million will keep the BOD in the manner to which they are well accustomed for now.

Because the spread is much narrower than shown the 1.50 ask translates into buys at 1.395 ?

Ha ha too soon Troajan at least there is comfort from s near 12 pct dividend in the meantime !

HO no answer to a fair question when will the cash run out ? Revenues perhaps too little too late ? Admin expenses excessive imv

Please Read Corrected :- Off Topic Opinion: No Opinion Price: 1.425 RE: Cash ?Today 15:22How long before Stratex cash runs out ? Per Stratex Published Accounts :- Net decrease in cash and cash equivalents per each 6 month period :- 30 Jun 2014 ( £ 5,868,008 ) 31 Dec 2014 ( £3,176,483 ) 30 Jun 2015 ( £2,173,680 ) Cash balance remaining at 30 Jun 2015 £2,533,278

How long before Stratex cash runs out ? Per Stratex Published Accounts :- Net decrease in cash and cash equivalents per each 6 month period :- 31 Dec 2013 ( £ 3,176,483 ) 30 Jun 2014 ( £ 5,868,008 ) 31 Dec 2014 ( £3,176,483 ) 30 Jun 2015 ( £2,173,680 ) Cash balance remaining at 30 Jun 2015 £2,533,278

Thanks for the news which good for shareholders.

hTTps://translate.google.co.uk/translate?hl=en&sl=tr&u=http://yarinhaber.net/news/26705&prev=search hTTp://gebzekulturhaber.com/haber_4027_siyanur-istemeyen-koyluler-danistaya-gidiyor.html It has been clear since November that the experts appointed by the Court were on side. So no surprises. Altintepe case now to moves to the Supreme Court

Ouch really well bombed out. High dividend may (or may not) be cut, in meantime gives comfort so starting to buy BRCI as must be approaching the bottom of the trough.

Troajan We can only guess ? but added BRCI and CYN today. As for STI admin/directors costs excessive and give the BOD/Bob any scent of cash and it will be spent imv

Also true interestingly Argentines stashed away billions of dollars through perennial hyper inflation.. world wide inflation rate is overall falling which is one of the factors weighing on gold.

Troajan Sure there are always the reprobates look at Argentina once had a meal at the best restaurant in B.A. for one whole dollar and in 1990 inflation passed 20k percent ! However in 2015 worldwide overall inflation is falling as China exports deflation amongst others.

Trioajan fair point and the U.K. has good zero or negative inflation currently. But thinking of the likes of China, parts of Europe and elsewhere the dangers of deflation are there, not to forget Greece, if perchance it got out of hand, it could be catching ?

In the past US annual inflation has been as high as 17pct and annual deflation as much as minus -10pct. Practically there is no maximum or minimum. China may export deflation at the same time as the Fed talks tightening or tightens ? The risks of deflation are still there even after all the QE and extended low interest rates. However one hopes the great and the good will find the right policies to avoid dangerous deflation. Gold 2016 $1000 to $1100 entirely possible but so Is under $1000 imv

Gold doesn't thrive when the dollar strengthens, Inflation falls, interest rates go up, or one of the main drivers of the world economy slows in this case China. $1900 gold was the ultimate spike. The trend has been down since. Weighed down by all these factors, which are likely to stay in place in the near term. In the short term only a severe geopolitical problem of major proportion might strengthen gold, otherwise the pundits predicting gold under $1000 may see the trend as their friend ?

PFL you have a problem mate, you believe everything in Presentations. How many presentations have utterly failed and miserably failed to deliver the starry eyed forward projections often designed to suck in the gullible. On the AIM ? They do after all always end with a warning to investors, have you read it !? The most recent Report and Accounts on the other hand should be by Law accurate. That is why we have expensive Accountants and Lawyers. Anyway it is not worth continuing this discussion you dear chap just blindly believe in propaganda. Good luck and be happy.

Sure you will PFL but try your internet connection log onto Stratex Interims 30 June 2015 and it is all there in black and white mate. Whilst you are finding your notes have a look at Centerra Oksut feasibility study on your internet connection to get the maximum $20m NSR starting 2017/18 to the end of the mine life you should be able to work out that either the gold price or Centerra's predicted production has to more than double ! Oh and PS re Altintepe Coutt Case which imv should have been favourable just ask your notes where the heck is the Court Ruling now overdue