Share Name Share Symbol Market Type Share ISIN Share Description
Stratex LSE:STI London Ordinary Share GB00B0T29327 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.025p +2.08% 1.225p 1.20p 1.25p 1.225p 1.075p 1.20p 1,615,794 14:51:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.6 -0.5 - 5.72

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11:56:571.16398,7064,624.99O
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08:17:391.12200,0002,240.00O
07:45:151.11100,0001,110.00O
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Stratex (STI) Top Chat Posts

DateSubject
21/9/2017
09:20
Stratex Daily Update: Stratex is listed in the Mining sector of the London Stock Exchange with ticker STI. The last closing price for Stratex was 1.20p.
Stratex has a 4 week average price of 1.08p and a 12 week average price of 1.08p.
The 1 year high share price is 2.38p while the 1 year low share price is currently 1.08p.
There are currently 467,311,276 shares in issue and the average daily traded volume is 738,737 shares. The market capitalisation of Stratex is £5,724,563.13.
20/9/2017
09:14
5huu: Very true Tad, they re-rate and multi-bag whilst the herd move in, but then most tend to slip down again as people realise just how much cash & subsequent dilution is required to move from Exploration to Production. Hence why some may here were disappointed with the long awaited Altintepe outcome. I believe this share will trade around cash value for the foreseeable. Any upside form the Crusader deal should by now be priced in, but it's not, so that's what the market thinks of the deal. The Crusader share price tells you all you need to know too. My fear is if the requisition fails, that Teck & AA will dump their holding, which could be catastrophic for the share price given the liquidity.
19/9/2017
18:46
tadtech: What the current Stratex directors seem to ignore is the share price and the plight of EXISTING shareholders who may have paid 3p+ Shareholders are only interested in the value of their investment. Since the tenure of Marcus Englebrecht the share price has collapsed to historic lows with no real signs of recovery. It is clear the market does not like the deal. For the share price to return to 2p, based on the current issued capital, the market cap would only need to reach £9.35m, a modest increase from current levels. If the Crusader deal completes the market cap would need to reach £50m to return to 2p, a massive uplift of £25m needed, based on the current value of CAS & STI in the market right now Not one director of Stratex has bought shares in the last 3 years, the newly appointed CEO has a NIL holding. It is ironic that the current BOD are now ridiculing the implied proposal of David Hall to merge Stratex with Thani-Stratex but this is what was said by Marcus in May. "I am delighted to be able to announce Stratex's participation in the successful US$1 million fundraising that will enable further drilling at Anbat. Results to date have been highly encouraging, delivering a number of high-grade gold intercepts. Consequently we are excited by the future value that we believe the Prospect can deliver to our shareholders, and look forward to updating the market on the results of the drilling programme in due course."
11/9/2017
20:57
bastiat79: A lot of share bashing on this thread but very little facts. I am not a fake poster here to try to influence this share price other than as a crusader shareholder who thinks that the positives of this deal for both sets of shareholders should be put forward. It would be interesting if the posters here were traced and investigated. I would welcome it. My last post as I have said my piece.
20/6/2017
15:43
tadtech: This company needs acquiring by an entity that knows how to work the AIM market, look at what Gevaise Heddle has done at Greatland Gold with very little money, a 400% share price increase + getting a blue chip major involved in their main project. Stratex has £6m+ in the bank. I sent an email to Stratex suggesting I would be amazed if the larger shareholders accept the deal, it is truly awful. I said I will be voting against it unless the terms were reviewed. It is clear Crusader were desperate for cash so why did Englebrecht agree to pay a 65% premium? It would have been more palatable if the deal had properly valued STI's cash and stake in Thani + other assets, possibly by getting a larger slice of Crusader (35%) and at a share price more reflective of the 12 month average performance (1.85p) I am at a total loss as to why Englebrecht pitched it like he did. It seems a number of Crusader's private shareholders are also bemused pointing to the drop in STI's share price.
20/6/2017
13:22
charles clore: I reckon there will be a no confidence vote in Marcus, Emma will take over as caretaker CEO and work with Thani to develop it as an IPO later this year. The STI share price would rise strongly on such news imho.
15/6/2017
12:33
tadtech: Market value of CAS is currently circa A$36m (£21.6m) + you have to add the value of Stratex market cap (£7m) to the equation, they are issuing circa 2b new shares + 476m existing Stratex shares. I make a current market value of nearly £29m. The drop in the Stratex share price reduces the value of the offer to Crusader shareholders right now, for every .10p it falls they loose £2m, it was pitched at 1.55p. Also, whilst I think the offer is a poor one for Stratex shareholders, something I have made very clear to the company in two emails which received replies, it should be noted that Crusader hit a market cap of £75m back in 2011 when their projects were significantly less advanced. A great deal will depend after the event, will institutional investors buy into the new company, will the new company be popular with retail investors, they say they will promote it aggressively, for once the new board will have significant skin in the game, over 20%, there will clearly be significant operational news-flow to excite the market + the potential of near term production. In conclusion I am viewing this as pain before gain, clearly something had to happen, the old board of Stratex had no idea how to deliver shareholder value but now we have a new board incentivized to deliver. Had they just carried on regardless the cash would have dwindled as would the share price.
15/6/2017
10:41
georgesorrow: Some entertaining arithmetic, please feel free to point out any errors on my part. Deal values CAS at A$54.2m or £31.1m, conversion factor 0.574 GBP to the A$. Market value of CAS is A$34.62 or £19.87. Assuming current market value of CAS is maintained at the point of deal for the sake of calculation, Newco market value would increase to £24.53m (STI holding 19% of enlarged share base; CAS holding of 81% of £24.53m being worth current vale of £19.87m). CAS is diluted by 23.46%. STI's 19% share of Newco at this valuation would be worth £4.66m, two thirds of STI's cash in the bank. A valuation of £4.66m for STI gives a share price of 1.00p. With joint AIM + ASX listing now assured, this looks like a very nice deal for CAS shareholders. STI's cash alone, without any assets, is worth one third of CAS current market cap.
13/6/2017
17:32
tadtech: Post from a Crusader shareholder........... This post of mine isn't meant to give you an answer but more my personal hunches from a CAS shareholder's point of view. I'll firstly give to a quick over view on why Crusader needs a financial partner and then why I believe Stratex wants to partner Crusader. 1st ~ Crusader has two world class deposits but no money for capex. 2nd ~Crusader was/ is being day/range traded to oblivion. Okay, back when Iron Ore was worth a lot more than what it is today Crusader (CAS) was using the profits from it's Posse IO deposit to fund exploration, a scoping study and a feasibility study for it's Borborema gold project. Why Borborema was eventually put on the back burner after the feasibility study was unclear, you'd have to say it was because of Bororema's marginal profits (at that time) when compared to the risks investors were taking meant that CAS couldn't quite get the project over the line at that time. The World Bank wanted to fund Bororema to give the local districts employment opportunities. What is actually truth and fiction regarding Borborema is sometimes hard to say. The reality is however, CAS's aim was to develop a Gold deposit through to production, if Bororema wasn't viable, CAS was on the look out for a Gold deposit that it could develop quickly -- step forward Juruena. This was when things started to go bad for CAS. Firstly, it coincided with the dramatic fall in the IO price -- There goes the profits from Posse to develop Juruena. Secondly, the development of Juruena has been going at a snail's pace. This has mainly been for two reasons. CAS management have under-estimated how long things take in Brazil, and secondly, the lack of funds has meant things have been done consecutively. What I mean is, any savvy operator will conduct development of any project on a concurrent basis. CAS just didn't have the funds to do that so have had to things one by one to try and extend the periods between capital raisings. As another poster said in a previous post however, the the last couple of years as been a slow death by a thousand cuts for CAS. The share price which was over 40 cents around the time when Posse was still paying for things is now stuck between 10 to 12 cents. The irony however, since CAS brought Juruena, the Brazilian Real has slowly collapsed. That fact as well as a reworking of Borborema's BFS where the focus is now on hitting the high-grade deposits first has meant that Borborema is now very profitable. Too late but, CAS brought Juruena to develop. So it finds it has two profitable deposits but no money. Okay okay, why is Stratex so excited? Simple, the numbers! Let's look at Juruena first. Capex should be low with management's aim to contract most things out. First year of production before ramp up is said to be 40,000 ounces. My own personal opinion on margins per ounces going by grade, type of deposit and local costs (A truck operator is one/tenth the cost in Brazil compared to Australia) is $500 an ounce. And a think it will be shown that that figure turns out to be conservative. That equals AUD$20M in the first year of production, but more importantly, both managements think that Juruena can be brought into production rapidly with a injection of funds. That's the catalyst on why they believe Borborema will be successful. Juruena will be a short project at this stage. without further drilling, there's enough reserves to produce around AUD$110M in profits over five years at current prices considering ramp up as well. Borborema is a much much longer project and is the companies main aim. A high ounce producing Gold mine that can sustain a long term operation. Mineralization is still open at Borborema. What is CAS's goal? Become a long term Gold producer where eventually profits go back to shareholders in the form of a dividend -- Isn't that what they all want? I'm guessing Stratex's management want the same for their shareholders. Why is CAS going to London? Because the share price won't go up in Australia. The combined entity will have a much much better chance of obtaining the funds needed from savvy London investors with a long term view. Australian investors only have a short term view ... generally!
18/5/2017
10:30
blobby: dd, I agree if the deal goes through this is all about Crusader. If you hold shares then you have to think about what will happen to Crusader on ASX tonight. If you think their share price will go up by the premium (56%) then the Stratex equivalent is 1.56p. I'd say that is quite a big call considering Crusader has a much bigger market cap. If you think the deal will go through and Crusader's value is only slightly changed by this, then I'd say the Stratex share price must drop to the equivalent Crusader amount. 1 Crusader share = 6.60 Stratex shares. One Crusader share = A$0.115 (6.55p) The equivalent Stratex share price is just 1p (give or take). I'll look more at Crusader myself which may be a bargain and consider buying back at much closer to the ASX price. (No advice intended by any of this, please do your own research as I may be totally wrong). If I am wrong will someone else please post a correction.
28/2/2017
16:05
charles clore: Shorty - I can see real value emerging from development of those two assets. And it will mean something tangible that will lift the STI share price right out of the water imho.
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