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
  +0.125p +6.49% 2.05p 1.85p 2.25p 2.125p 1.90p 1.925p 1,720,626.00 12:30:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.8 -0.1 - 9.58

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DateSubject
22/1/2017
08:20
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 1.93p.
Stratex has a 4 week average price of 1.87p and a 12 week average price of 1.93p.
The 1 year high share price is 2.63p while the 1 year low share price is currently 1.33p.
There are currently 467,311,276 shares in issue and the average daily traded volume is 391,552 shares. The market capitalisation of Stratex is £9,579,881.16.
12/1/2017
09:15
blobby: Tadtech, You've given some more nods and winks in your post above. Perhaps you could be a little more specific about your statement "I believe annual production will exceed most peoples expectations" and give your best estimates. What do you think peoples expectations are? What do you think the annual production will be? For my part I think peoples expectations are production of comfortably over 30,000 oz, let's say 32,000 oz as an average expectation. This is based on the RNS announcements and some 2nd hand feedback here from presentations. Again based on RNS announcements I think production is capable of being 40,000 oz but suspect that in the first full year it will be less at say 35,000 oz. If I'm right there might be an uplift in share price on news, but I suspect that the investors who are capable of causing a share price re-rating will have other channels of information and will not react on an announcement (unless selling into strength or buying on weakness). Your turn.
03/1/2017
18:48
charles clore: novice - I remember that forestry permit rather well and to my surprise it didn't make that much difference to the price. What has also surprised me is the arrival of Marcus has not done a lot for the share price either. I thought it may have changed the City boys hard line but they are apparently unimpressed. Mind you, I hold a few other PM stocks at the moment that are not moving so maybe it's a sign of the current state of the market. I also understand why Marcus would choose to say less publicly and do more behind the scenes as he finds out everything he can about the company before making any big moves. A friend in the know once told me that the City didn't like the board because they were too overweight with geologists which didn't bode well for company profitability. Now that we have 2 less geos at the helm and a new successful businessman successor I guess the key question now is, can Marcus unlock the Altintepe Madencelik bank vault and share out some of the cash (or rather more appropriately, get some of it transferred to the Stratex bank account). If the man in charge can be seen to do that, then I think the share price will multibag like a coiled spring.
07/12/2016
15:10
tadtech: It is worth remembering that only 55% of the issued share capital is in free float and that will be a key share price driver with a uptick in volume. Also bear in mind STI has the same number of shares in issue now as it did in 2012 when the share price hit 10p. I think once news comes out concerning the gold mine more than a few will be pleasantly surprised! Add to the mix a new and hard nosed CEO and we have a perfect combination for a significant re-rate.
21/11/2016
11:56
observer007: The plums dumping 100k lots at the bottom of the current share price range will look stupid in due course, despite the 'apparent' drop it is nigh impossible to buy in size most of the time. What does that tell you. The new CEO needs some time to get a grip and, make no mistake, he will do just that. In the meantime the company still has a healthy cash balance and the cash distribution to Stratex from a mine that has generated $33m to June 30th will come, make no mistake. The current share price is simply too low.
25/10/2016
19:12
tadtech: At the Mining Capital conference in May there was absolutely no hint of management change at Stratex but following the investor meetings I attended last week, a number of folks, close to the market, suggested that changes were forced on the company by major shareholders. The fact Stratex has acquired such a high profile candidate in Marcus Englebrecht would imply those suggestions may be true. I remain convinced that there will be more changes. I think it is time for Christopher Hall to bow out, after all he hinted as much in a recent podcast. We need a clean slate. The market is starting to re-rate the 'new' company from a very low base of £10m market cap. If one looks at other gold producers their share prices have multiplied many times this year, look at AAZ from 3p to 30p achieved today. In the same time Stratex has barely moved. I believe new buyers of stock in Stratex, at current levels, can look forward to gains of many multiples in due course. The current share price is simply too low. DYOR etc
20/10/2016
21:20
sicilian_kan: Have posted this on the other board before but worth a refresh: Marcus Engelbrecht was CFO at Oceana Gold between 2009 and 2011. Their production figures were 250,000oz/yr to 300,000oz/yr. He got a promotion to CEO at Archipelago Resources between 2013 and 2015. Their production figures were over 140,000oz/yr. Also at Archipelago, he introduced a dividend scheme (which were to be at least 10% of operating cash flows for a given period, however the company got bought out later that year, shortly after he left). Now he is CEO at Stratex, who have a minuscule 8,000oz/yr (20% of 40k, rising to 45%), and a pile of poor exploration targets. Do we really think Marcus Engelbrecht came to Stratex for that? Not at all. We are told by Chris Hall there will be a portfolio review (about time!) and 1 or 2 near production acquisitions to achieve Altinepe v2 on improved terms and with greater control for Stratex. This is the right strategy - one that should have been implemented years ago. I had no faith that Bob could do this. I do think that Engelbrecht has the right talents though. Clearly they need cash for acquisitions. If I were Marcus Engelbrecht, I would think of Stratex as a startup with around £2.5m of cash, a valuable asset that can be sold [Altintepe] for decent money £10m+ and further assets that can be sold or licensed out for some small change [Dalafin, Pandora, GRL etc]. Convert those into cash and the £8m market cap appears tiny, They could easily convert Stratex into something with c£15m in cash and double the share price; and that is without the future speculation based upon what he could achieve by reinvesting in a project with real potential. Maybe a pipe dream from me, but what I do know is that Engelbrecht has not come here to indulge more shareholders money in unproven speculative geo-fantasy drilling or just to wait for Altintepe monies to come in. Under Bob, the company was a clear steer clear. I believe that the current share price under clearly very talented new management is a very attractive entry point and have started accumulating more than punt money under 2p.
09/7/2016
07:28
tadtech: I believe Stratex is an outstanding investment opportunity with a current enterprise value of only £7m. The company was valued at £40m in 2012. There is the real prospect of serious monetary gains ahead in my view. The company is now a low cost gold producer in Turkey with maiden Q1 production of 12,000oz in March 2016, cash costs have been stated at $560oz Stratex is run by ultra conservative and wily management, you will not hear ramping and media is limited to significant milestones, the company usually attends shows/exhibitions for industry professionals. The management have cut costs significantly and have gone through a 4 year sector related bear market without diluting the shareholders, there is still a healthy cash balance. The share price hit 8p back in March 2012, interestingly the same number of shares are in issue now. The last broker note offers a share price target of 7.8p when gold was $1100oz Whilst we await exact details on revenue share from the mine, a number of folk believe Stratex could receive >£3.0m cash in Y2016 from the project. Now consider that against the current £9.75m market value. Better still that is from an initial 20% share, it moves to 45% in about 18-24 months! The new thread reflects a new optimistic tone in the sector, most mining bull markets last 3+ years so hopefully there are many days ahead where the share price re-rates to reflect true value. Now is the time to be a bull of the sector, bears and bitter detractors are not welcome! DYOR etc - No advice intended
10/6/2016
23:11
glibgibon: If it was a long-term loan, then I would not be happy. 6 months I don't have a problem with - especially as I cannot see the loan getting converted to shares as we already hold over 33.45% I don't believe our share price takes much of Goldstone into account. There may be potential there (I too would like to know what RRR & MTR see in the company) but there are alot of unknowns and very little news. I don't know if its still worth the £1.25M but hopefully the Ghana resource (93% of 602,000oz) is going to see a drilling campaign begin. 11 April 2016, they had £113,000 cash resources 7 June 2016, they had $20,000 cash available But STI are willing to give a short-term loan and 2 other companies are prepared to invest knowing this... There must be a reason, even if we humble PI's are being kept in the dark about it. The share price there has more than doubled in the last month, so perhaps a placing is forthcoming? Or maybe an asset sale? That said, I could connect to the Goldstone Homepage and Share Price page, but could not view them!¿ Error 403 rather than 404 so the page may be locked on their server. More questions...
16/5/2016
12:52
charles clore: juju - I think it's because the bod doesn't play the brokers' game. It's a low profile, low news, traditional exploration outfit with some of the best people in the business. But - they are in it because they are passionate about finding and developing deposits. They are NOT there to run a PR exercise or become accountable to the masses. Rewarding shareholders is one of their aims but it doesn't matter to them how long it takes or how much it costs. As far as they are concerned it will happen when it happens, one way or the other. We will have to be patient. As an investor I have been around mineral exploration outfits for almost 20 years and have seen a few good ones that strike it lucky and make their shareholders a lot of money. I have seen some that can talk convincingly all day and shovel news down their shareholders throats like there is no tomorrow. They never get within a decade of producing an ounce of gold BUT their share price gets astonishingly high - great for fundraising! What we have is a plodder that has assets worth a great deal of money. But the board doesn't promote itself very well and the share price stays low. Now when you ask yourself the question 'why isn't the share price much higher than it is?' What you should really be asking is 'why doesn't the company WANT the price higher?' Because there is nothing wrong with what Stratex has. I could name a handful of minex companies whose share price would be 20p+ if they had what this company has. It's all about self promotion and having the will to promote itself, which Stratex does not. But - wait until gold starts rising and the analysts start looking harder at who has what. I would be willing to bet this will outperform most of its peers for one simple reason. It has what it says on the tin!
20/4/2016
09:11
ricky777: Until STI can demonstrate that income will flow to shareholders, why would anyone invest here? Clearly the BoD do not see holding shares as an income vehicle. History shows that any income derived from the excellent work done by the BoD, that it all goes on admin expenses. History of Admin Expenses in £m v Share Price Admin Expense in £m Share Price in Pence 2015 2.1 1.45 2014 2.7 2.00 2013 3.2 4.17 2012 2.9 5.00 2011 2.0 7.00 2010 1.7 9.20 2009 1.3 4.32 Last share purchase by a Director was Bob on 22/05/14 351k @ 2.85p Co-founder Director resigns 24/10/14 then a shareholder with 12.5m shares. Does he still have these shares? Why did he resign? I cannot see an RNS on his resignation only his replacement. If STI is a steal at these prices then one would have thought a series of even small purchases by Directors would be helpful, only if the BoD felt that one of their motivations is the share price standing! Ha ah Chance would be a fine thing.
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