Stratex Share Discussion Threads

[juju44] 08/9/2016 15:21

Dummy buy - no problem buying

[harry vederci] 08/9/2016 15:20

I dont like illiquidity in dealing, will wait!

[charles clore] 08/9/2016 15:16

Harry - someone might be hoovering up. I would be if I didn't have so many.

[shortarm] 08/9/2016 15:11

Marcus must have some followers who will start to weigh in here once he starts to sort things out.....?

[harry vederci] 08/9/2016 15:08

cant get online quote or deal even at 150,000 lot size?

going by the share price action would have thought easy to buy

[longshanks] 08/9/2016 09:24

It has a better header IMO - but yes, the banter is better here.

[shoggoth] 08/9/2016 07:41

Keep posting here, it seems the only reason a new thread was created anyway was to quarantine against any dissenting posts.

[steve1905] 07/9/2016 20:45

Welcome back clan

[corguv] 07/9/2016 17:53

Thanks to Longshanks SK and JuJu I am now free to post in the Club.
Will do my best to be open and honest.

[corguv] 07/9/2016 17:50

Thank you all.

[juju44] 07/9/2016 17:19

No criticism is dangerous for everyone . No one has all the answers and opposite reasoned views should be welcomed

[longshanks] 07/9/2016 17:04

Tadtech - may I suggest that you unblock guv/clan from posting.Perhaps you can put some notes in the header saying what kind of BB behaviour will result in a ban so as you can justifiable close the door when required.But from what I can tell, guv is playing fair nowadays so perhaps should be allowed back into polite society.

[charles clore] 07/9/2016 14:57

Hi Tad thanks for your reply it is good to hear from you. I personally have more than enough shares in the company at a fairly low average so won't be buying any more. But I can see a case for new investors here. With great fundamentals and a change of ethos the city will warm to STI in a way that it never could with the previous incumbents. This SHOULD now really start to go places.

[tadtech] 07/9/2016 14:28

Charles

I totally agree and I think it is a nigh certainty that they will leave, in fact Chris Hall implied as much on the podcast when he mentioned board succession.



Their only claim to fame over recent times is they have kept the company going over the worst sector bear market in living history without diluting the shareholders, even now there is a healthy cash balance (circa £2m+)

These guys a do not have it in them to leed the company forward and drive shareholder value, they have no incentive. It has all been too cosy.

I am delighted we now have a CEO in place who is high class working for companies circa £100m+ market caps, he starts from a very low base at Stratex, sub £9m market cap but with a 45% stake in a operational 35,000oz pa gold mine.

I want to see a new emphasis on communications to market, a new PR push, and in particular attendance at events where the company can meet and greet the private investor.

I think there is now a massive new incentive to buy Stratex shares.

[charles clore] 07/9/2016 14:05

Hall and Ashwood should pack their bags and leave as soon as the new CEO has evaluated the company and sourced their replacements. The old brigade had little motivation to achieve shareholder value, preferring to award themselves large bonuses and draw down generous salaries in preference to exercising their share options. Imho, with a little more effort the shares ould have been at least twice the current price but why bother when you have a peach of a job with no pressure to perform? I think things will be markedly different with the new CEO.

[observer007] 07/9/2016 09:41

At some point in time the disconnect in value compared to other gold producing companies will draw in new investors, £8m market cap with a 45% interest in a annual 35k oz low cost mine does not equate to such a low market value.

Interesting to read that at Goldstone, where Priestly is now CEO, there was a buyer happy to pay $40oz in the ground for a gold resource close to Goldstone's license. According to Tadtech that would equate to 18p per Goldstone share + the buyer seemed very happy to pay that.

Stratex has 34% of Goldstone so perhaps that was not such a poor investment after all. BTW in my view Goldstone seems dam cheap with a market cap of only £2.5m having just raised £1m, the recent buyer paid $18m for a lower resource than GRL has.

[shortarm] 07/9/2016 09:07

I'm hoping the potential here is realised and Marcus makes massive success of this!

[exbiz] 07/9/2016 09:06

I think that Priestly has been the driving force behind change at Stratex over the last 18 months or so and has probably been behind both the ousting of Bob and the recruitment of Engelbrecht, there's no way the other duffers would have instigated change. Disappointing that she hasn't trusted in the company enough to invest her own money yet but I wouldn't be surprised if that were to change in the up and coming months now that there is a more professional business orientated slant to the management structure. Good to see optimism in the air but I'm not expecting any news now until the next quarterly production update which is many weeks away, so how long it will last will be interesting to see.

[danieldruff2] 07/9/2016 08:51

Yeah this company has a chance with new management. It was never going anywhere with the old management, as some long termers here have been trying to point out for some time. It's a pity there was not a change after the Oksut sale, now all that's left is Altintepe income, and I agree that the new guy would not have taken this on if he felt there was uncertainty over the income stream. Let's hope he wants to build something, rather than collect a late career cheque!

[observer007] 07/9/2016 07:54

Price of gold and Turkish sentiment will drive this share price, both AAU and MARL have been on the rise, as has gold. STI will catch up and optimism seems to be in the air following the appointment of a new CEO.

I totally agree with others, Hall has to go, a Chairman who has offered nothing to Stratex, refuses to buy shares in the company and is a PR disaster. Looks like he was pushed out at Goldstone also.

Same can be said for Emma Priestly.

The board needs to be thinned out commiserate to the level of projects, all of which are being run by third parties involving very little Stratex management time.

I would like to se a clear statement of intent from the new CEO, combined with a full PR push.

[shortarm] 07/9/2016 07:27

This Marcus chap has been at the head of this company for day and days now and he still hasn't turned it around!!?!Disaster....P.S. What's with all the positive stuff from Corguv, SK etc???

[corguv] 06/9/2016 19:39

Fair comment George it would make sense that Marcus an experienced and successful CFO and CEO would have done his research before accepting the post of CEO of tiny Stratex particularly Altintepe's likely cash flow, without which the future foundation for growth would be undermined and along with it his own unblemished reputation ?
The market of course needs to hear that news.