Stratex Share Discussion Threads

[blobby] 02/9/2016 11:08

romeike,

I do agree with you particularly on "quality of updates". However in this particular case there is another side to the argument...

Stratex have said that they are very happy with the progress of their partner Bahar. I think they have also said that they are happy with the agreement, or at least they keep repeating terms which seems positive to me and Stratex may regard that as being sufficient effort at reassurance.

I suspect that in the mining industry where there is often local opposition to operations then management are probably reluctant to give away any more operational details than they have to, as these will be used to mobilise local opposition. In Stratex's case they have spent many millions of dollars on exploration projects most of which fail. When a project comes off in the case of Altintepe they have to make a big profit to pay for all the failures. However as a local resident you are probably going to see miners making big profits on their back door as the unacceptable face of capitalisation and demand a bigger and bigger share.

[romeike] 02/9/2016 10:33

The suspicions are likely due to the low frequency and quality of updates. If these things improve private investors will have a better understanding of the issues and taking away the smoke and mirrors approach of the incumbents will help prevent private investors making up their own issues to worry about.

[blobby] 02/9/2016 10:04

luminoso, I don't really accept that there is a problem with the agreement. I'm not saying there there is not, just that I can't seen any conclusive evidence that there is. I appreciate that there is always a risk with this, but I don't see it as higher than would be usual.

In the past Stratex have done deals with Inlice and Oksut which didn't have any problems on the interpretation side and partners seemed to work together nicely.

[luminoso] 02/9/2016 09:45

Lets hope Marcus does not regret taking this job as he picks his way through the Altintepe agreement with Bahar ! I say 'pick his way through', but he could just hop on the bus that Bahar seem to think they can drive through it.

[romeike] 02/9/2016 09:13

I agree. No way was this planned,someone's taken Bob aside and given him the chat, letting him keep his nose in the trough a while longer as a consultant. The chips are done for Chris though, like the Stratex turkey he'll be gone by Xmas. Thank you to whichever big shareholders instigated this.

[juju44] 02/9/2016 09:09

Yeah , I noted Hall's words on Altitepe 2 with same interpretation Another nice piece of confusion and concern being injected. If Hall had another brain he would have one . Senility perhaps ??

[corguv] 02/9/2016 09:02

Christopher Hall is a shambles always was and should use his bus pass and leave the Board.
Give the new and more financially astute CEO room to sweep Stratex clean and build a successful company for shareholders imo

[youngharry2] 02/9/2016 08:48

For one Chris 'Silvrex' Hall has said something sensible: that as all of the directors bar Emma are old enough to collect bus passes, 'something had to be done.'

Given that he hasn't reached the same conclusion that Bob has, hopefully Marcus (who has apparently got his previous management teams firing on all cylinders) won't take too long to work out that firing, not firing up is the order of the day...

Still we are accustomed to Chris Silvrex making shareholder value destroying remarks, his assertion STI are looking for Altintepe 2 where they could be more in charge of our destiny and ultimately make the company profitable and dividend paying suggests a) STI are in difficulty with their JV partner and b) Altintepe is not going to make the company profitable and dividend paying. Further he doesn't say how on earth STI's bus pass wielding veterans are going to fund the acquisition and development of a producing asset whilst retaining control.

It's a shambles

[juju44] 01/9/2016 19:40

Yep , Bob didnt jump , he was pushed . Now it should be Hall next

[corguv] 01/9/2016 19:28

Hope so Charles at least it is a start in the right direction.

[charles clore] 01/9/2016 19:09

Clan - if they wanted more of the same they would have wheeled in another geo. I think major shareholders may well have had an input with this latest appointment.

[shavian] 01/9/2016 18:28

Claire tells me that Bob is well and is looking forward to his retirement

[juju44] 01/9/2016 18:23

He is an idiot who has contributed nothing here but filled his own pocket - off with their heads

[blobby] 01/9/2016 18:03

Christopher Hall interview,



He says he is old enough for a bus pass :-) and repeats his claim that Stratex is looking for a new acquisition :-(

[tadtech] 01/9/2016 17:29

A very high caliber appointment made by Stratex today, Marcus Engelbrecht seems hands on and Chris Hall states is good at PR and communications (something desperately needed) will evaluate all of the company's assets imminently.

The Chairman also talks about the age of the board, seems to imply retirement as well, perhaps the new CEO will bring in more new blood.

Marcus has been involved with companies with market values in the $100m+ range, starts from a very low base at STI, the market cap being under £10m.

[luminoso] 01/9/2016 16:57

Also peace has broken out on this thread, which can't be bad !

[gamesplayer] 01/9/2016 14:44

Hopefully this will bring about a change in momentum - sellers holding off for a bit, plus anyone on the sidelines who was dithering becoming a little more positive. All it will take is for the sellers to dry up for a while, I think.

In addition, I expect that Marcus will want to make an impact, so perhaps we can look forward to better PR and more detailed, clearer RNSs.

[charles clore] 01/9/2016 14:17

There seems to be an air of elation here today. Lets hope the new CEO can achieve the value for shareholders that Bob struggled so hard for but was unable to achieve.

[romeike] 01/9/2016 13:34

Is the transfer of the reins immediate?

[charles clore] 01/9/2016 13:31

Its a pity Bob didnt go out in a blaze of glory. I hope the new CEO will be able to make progress in ways that Bob couldnt. More specifically with more clarity for shareholders regarding Altintepe.

[kingivor] 01/9/2016 12:12

David Hall cashed in his chips and now Bob can to.

I will not be investing here again whilst Chris Hall is chairman.

[juju44] 01/9/2016 11:43

dIDNT TAKE HIM LONG TO GET THE SHARE PRICE UP

[blobby] 01/9/2016 11:24

I'm hoping the new business strategy will not involve investing more in any other companies.

[youngharry2] 01/9/2016 11:00

On a personal level, I wish Bob well but it has been clear for a long time that both Bob and Chris have been out of their depth.
Let's see if Marcus can formulate a new business strategy that works for shareholders