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
  +0.10p +7.41% 1.45p 1.30p 1.60p 1.45p 1.35p 1.35p 2,844 14:55:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.6 -0.5 - 6.78

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Stratex (STI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-06-27 08:49:361.342,84438.04O
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Stratex (STI) Top Chat Posts

DateSubject
27/6/2017
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 1.35p.
Stratex has a 4 week average price of 1.25p and a 12 week average price of 1.25p.
The 1 year high share price is 2.60p while the 1 year low share price is currently 1.25p.
There are currently 467,311,276 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Stratex is £6,776,013.50.
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.
18/5/2017
10:28
romeike: @bandflex and others - no this isn't quite dilution - we are using equity to purchase 100% ownership of 2.7moz JORC-compliant assets and an operating iron ore mine that has at least another 2-4 years mine life left in it. This means existing stratex shareholders will from day one of "new stratex" be in receipt of a revenue stream from a mine. A big change from our experience in Turkey. The combination of these assets and stratex funds has potential to really shift the share price a lot more than any dilution. hxxp://www.crusaderresources.com/wp-content/uploads/2017/05/Brazilian-Gold-Presentation-Final-9-May-2017.pdf It is worth noting that Crusader itself seems undervalued (as a lot of the sector is) at its current share price.
23/4/2017
21:12
charles clore: Steve - bearing in mind what happened after the Oksut sale (see below) I doubt if the major shareholders would put up with a second round of bonuses to directors without something going to shareholders. A special divi at least and if there is a fundraising it would be nice to see long term holders getting first bite of the cherry in the form of a rights issue. Biggles - a joint venture at Salinbas could possibly be on the cards but I doubt it. Apart from cash (when they get it) I don't see what Stratex could add to AAU's already very capable geo team. Besides, I think Stratex is more likely to be shifting more into Africa. In February 2012 the share price was 10p. By later that year it had halved. Directors with no skin in the game were criticised by shareholders for taking bonuses after the sale of Oksut. Since 2013 there have been no fundraisings, no dilution but the price has continued to drop. I light of the above I see no reason why the share price should not recover to a level that reflects the earnings potential from Altintepe (indeed, there is already cash in the jv account owed to STI) and the very promising results from TSR. My target for this year is 4p
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.
09/7/2016
08:28
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
Stratex share price data is direct from the London Stock Exchange
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