The interesting aspect about the new presentation is that it shows the new company will list having an in ground gold resource priced at only $13oz compared to a peer average of $53oz. That suggests there are significant grounds for upside moving forward.
It does seem that the new company will be promoting itself heavily post merger, Stratex has finally set up a Twitter account, looking at the followers section they have added just about every financial media outlet in the UK including some main stream press.
A few souls are starting to buy Stratex in the market, there are still some unknowns but I feel the presentation clearly shows how undervalued both companies are. In my view the best and cheapest way in is to buy Stratex shares as there appears to be some liquidity currently, I have added.
"Stratex trading at less than cash with no value attributed to assets" Never seen a statement like this in a presentation before.
CAS Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
