Stratex Share Discussion Threads

[greedfear] 02/9/2016 16:55

So what? No pay rise? The resources sector has done terribly. A lot of people lost their jobs or had to accept lower payments.

[charles clore] 02/9/2016 16:54

By the way steve, the managers will have to dip into their own pockets in order to exercise their options. It will also add a little money to Stratex's bank balance.

[greedfear] 02/9/2016 16:52

Motivating management? I'm all for it but I'm not for awarding them with low priced options because they've failed and brought the share price down to this level. Why not out of the money options? That would show the market that this management does not agree with the current share price (meanwhile their interest would still be aligned with ours).

[charles clore] 02/9/2016 16:51

Steve - no pay rise for 2 years is not keeping up with a rising cost of living. Share options encourage and motivate managers to increase their company's share price and in doing so, this benefits everyone including themselves. Would you rather have seen pay rises awarded all round instead of options?

[greedfear] 02/9/2016 16:47

I disagree, it's a stupid move. Shareholders have suffered for a long time. You simply do not start with enriching each and everyone before building the trust that the company is in good hands now (clarity, direction, leadership). These options are not deserved in any way, it's greedy.

[steve1905] 02/9/2016 16:44

I'd have been more impressed if they dipped their hands in their own pokckets - showed a little faith.

[steve1905] 02/9/2016 16:41

They are literally something for nothing, in more ways than one

[charles clore] 02/9/2016 16:40

Greedfear perhaps it is better to start off by motivating management in a way that more accurately aligns with shareholder value?

[greedfear] 02/9/2016 16:37

Guess the best way to show a turn of direction is to start with awarding each and everyone with free long term options while shareholders have done nothing but suffering. :(

A false start, a bad move. Could they not have waited a little longer? Greedy ....

[romeike] 02/9/2016 16:28

And unless they exercise the shares following something resembling a decent share price performance (we should be so lucky) - diddly squat is exactly what all these share options are worth - hence why there are so many of them left unused. I assume these options have an expiry too?

[steve1905] 02/9/2016 16:22

Nice options for the team. Any ideas what ms Priestly, Chris Worcester (old mate of the board) have actually done? I know priestly has taken on GRL and we know they have achieved diddly squat? Not to worry, Altintepe in production, that's as a good an excuse as they need

[blobby] 02/9/2016 15:25

Does anyone know what the remuneration for directors at Goldstone is?

[romeike] 02/9/2016 14:53

The implication was intended. :D

[romeike] 02/9/2016 14:48

I couldn't help adding my thoughts on the most recent RNS. It is good news that pay restraint is being shown again this year. On the other side I found the number of unexercised options by Christopher Hall and Perry Ashwood something of an eye-opener.

[charles clore] 02/9/2016 14:43

Romeike - like goldminers?

[romeike] 02/9/2016 14:40

All the while this stupid-strong USD is great news for UK PLC with its high proportion of companies that earn much of their revenue in USD whilst paying costs in cheap GBP/local currencies.

[romeike] 02/9/2016 14:37

I would not say choppy. I would say resilient. The banks in the US are foaming at the mouth for an interest rate rise to give them easy profits but we all know that the fed is unlikely to break precedent and increase rates just weeks before a presidential election. If there is a rate rise at all it will be in December, personally I doubt there will be another rise this year. I think a rate cut isn't a possibility purely on the basis they wouldn't want to lose what little credibility they think they still have.

[luminoso] 02/9/2016 14:20

POG is a bit choppy. At least Yellen & Co have not managed to force it under 1300.

[luminoso] 02/9/2016 14:18

I hope you are right, Blobby. I just feel that CH's comments suggested a problem does exist between them and Bahar. I would feel happier if CH followed Bob into retirement pretty quickly. Then I really would feel that we had a new unencumbered broom. He should look to develop his own strategy and outline it to us, rather than accepting that of the Bus Pass holders.

[romeike] 02/9/2016 14:06

One cannot predict... But surely you can, the man had a record you can judge him on.

[charles clore] 02/9/2016 13:47

People of Marcus's calibre can pick and choose who they work for. They are career achievers and will not take on jobs that are going to make them look stupid and damage their reputation. So I think he probably already has a clear vision of where he wants to take Stratex. In the words of Donald Trump "he wants to make Us great again". I believe he can do it.

[steve1905] 02/9/2016 13:12

In my experience, management of these Companies rarely want to rationalise when their own lucrative jobs may be at stake

[danieldruff2] 02/9/2016 12:43

Chris Hall said that in the short term nothing would change. That's not quite true as there is now one more mouth to feed, with the new CEO and Bob remaining as a consultant.

One thing that characterised Bob's reign was that the company always seemed to be very nervous about going to the city and asking the money men for cash. In interviews they sounded more delighted that someone had given them money to drill holes, rather than the contents of the holes.

One cannot predict whether the new guy will prove similarly reticent or a confetti merchant.

What really needs to be done in this sector is consolidation of smaller players because these tiny cap companies will rarely get to a point where they can give anything to shareholders. For the sake of argument, a combo of Stratex, Ariana, Goldplat, plus near term oxide resource coming on stream is about the size you need.

[romeike] 02/9/2016 12:32

It will be extremely interesting to see what Marcus' first moves will be. I suspect a few more retirement announcements, possibly another high calibre hire of someone with large cap experience and the contacts to match, and possibly the streamlining of certain projects. What would be very nice indeed would be an announcement of a collaboration of some sort that would get us excited and be a worthwhile channel for the funds coming in from Altintepe as and when that happens.

[charles clore] 02/9/2016 11:25

Some good constructive posts thanks please keep them coming