Member Info for kulabkhan

Fact less from now on

Fact Stratex burned away £17 million in cash not on acquisitions but on Drilling Blackrock dust £5million dubiously capitalised as an 'asset' Drilling Dalifin without the predicted results and a further £5million dubiously capitalised and High Admin excessive BOD size bonuses and costs What do they call people who make up facts HO ?

Stratex is basically now a two horse trick Altintepe and we have yet to see how much of a producer Altintepe really is ? Oksut NSR down the line but may be flogged off we know the Company has a top heavy Board and Administration that has a voracious appetite to spend shareholders' money their record is crystal clear and ignored by the 'Bulls'. Then we are going through a metals meltdown etc etc..

Very true Researchit. Perhaps a 'Whiteout' caused by a blizzard in the metal markets ?. ThaniStratex was after all a 'marriage of convenience' following the withdrawal of AGA. The assets included part of BlackRock ? which in all events was rather dubiously capitalised at £5m by Stratex as an 'asset' ummm a 'dust asset' perhaps.?.

Quite so Toxi Goldman Sachs play their own book and agenda. Some of the European Banks' reports are worth a look. Goldman. Muratdere copper project is paralysed imv by the current copper market, over production, falling demand and prices with no way currently forward for the project

For what it is worth " Gold, which is down more than 40% since it peaked in 2011, is forecast to average roughly $1,114 an ounce in 2016, according to 10 banks polled by The Wall Street Journal.The average price for this year is seen at $1,156 an ounce." Deutsche Bank, BNP Paribas and Societe Generale see gold under $1000 in 2016. Gold "ploughs it's own furrow" in this bearish commodity background imv. Making predictions is thwart with difficulty, if the US dollar remains strong this would not good for gold.

The cost of shipping commodities fell to a record low. The Baltic Dry Index, which quantifies shipping rates for all commodities iron ore, coal, grains - everything fell to 504 points today, the lowest recorded since 1985. Slowing economic growth in China and weakening demand for commodities is the cause. The Index was over 4000 in 2010.

Consistent year on year broker over valuations. They have dropped them lower but are always behind the curve. Don't know why anybody bothers to read them except for amusement.

Copper continues to slump Below $4700 per tonne now. Excess production and falling Chinese demand, Stratex Muratdere project a non-starter on this market imv,

Since the experts appointed by the Court are on side a favourable decision is reasonably certain and 'in the price' already. The only question is will the Court appease Locals with some restrictions. The rate hike is neither positive for gold or Stratex the cost of holding gold would rise. If they don't increase in December as they may not in spite of all the hype, it will still be there in the background over hanging the gold market imv

Keep Calm and Carry On.

Could be a difficult Monday on the stock and commodity markets, we shall see ?

Sorry about that. Some repetitive double posts from phone. Copper price plunge below $4850 this morning.

Back above $1080 a key level. Keeps testing on the low side. Will lay off the running commentary. But if gold finally breaks below then not good for value of Oksut NSR etc.

Gold breaking below $1080 support level

Gold breaking through $1080 support level.

Muratdere copper - if it has value it is based on the actual copper market and price currently which is near a six year low. The market will change for better or worse, China is buying less on the other hand producers are cutting back supply. However if the BOD of Stratex 'next news' is flogging off Muratdere 30% for peanuts given your view that prices will go up and value, that would reek of panic to find cash at any cost to support excessive admin and costs.

With copper prices falling yet again to a six year low below $5k think any deal most unlikely.

Price of gold a pure guess ! With low inflation/deflation trend doubt we shall see any excitement.

The facts speak for themselves. Expenditure grossly exceeds Income. £17million in the Bank Spring 2013 blown away. Altintepe cash flow bye bye.