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
  +0.00p +0.00% 1.875p 1.75p 2.00p 1.875p 1.875p 1.875p 142,592 07:39:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.8 -0.1 - 8.76

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Stratex (STI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
29/09/2016 12:40:371.8110,000181.00O
29/09/2016 11:28:131.95127,5922,488.04O
29/09/2016 09:29:361.955,00097.50O
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Stratex (STI) Top Chat Posts

DateSubject
29/9/2016
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 1.88p.
Stratex has a 4 week average price of 1.86p and a 12 week average price of 2.03p.
The 1 year high share price is 2.63p while the 1 year low share price is currently 1.05p.
There are currently 467,311,276 shares in issue and the average daily traded volume is 274,112 shares. The market capitalisation of Stratex is £8,762,086.43.
05/9/2016
22:53
sicilian_kan: 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.
02/9/2016
17:50
charles clore: Steve - wouldn't you agree that options are actually a pay cut? Who puts their hand into their pocket to buy the shares at the option price? That option price is approximately the same as today's offer so if exercised today the directors would actually be paying the market price. The only way they can benefit from this arrangement is if the share price rises and they sell their shares. And if the share price rises then we all benefit.
02/9/2016
16:52
greedfear: 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).
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
11/6/2016
00:11
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
13:52
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
10:11
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.
29/2/2016
22:48
tadtech: Golden cross for gold, it will take more than one de-ramper to stop the STI share price driving through 2p shortly. https://twitter.com/USFunds/status/704373128454152192 More news expected!
27/1/2016
19:50
luminoso: Agree on POG and on the Sprott shares still being drip fed into market, longshanks. I remember saying that they were probably still around in someone's hands, with a view to being offloaded, months ago. It could also explain the way the STI share price has never held a rally for long in months. On POG, I think we could be in for a perfect storm whereby ECB does QE, Fed puts a halt to tightening plans, Markets rally and Gold rises with Gold stocks. Its a perfect moment for the Hedgies to start buying Gold again - they probably already are. Whether STI will get the attention of investors as much as other small/medium producers is less certain. Some positive news would be good to entice them in.
27/1/2016
14:32
charles clore: A stroke of genius in the timing could be on the cards here. The gold price makes an upturn, Altintepe production comes on line, the STI share price begins to rise - and GRL needs cash. And at the same time STI has a cash surplus. In isolation these events are much less significant than in combination. I believe they represent a great opportunity for STI shareholders because if STI was to bid for GRL I believe it would be a majority paper transaction leaving STI with a great asset and enough cash to fast track it to production.Things are starting to look good here with plenty of news in the pipeline. I would like to hear officially about the court case and I think when this happens it will open the floodgates on new investors and broker upgrades. I look back on my top-ups around 1.4p and am happy with that.
Stratex share price data is direct from the London Stock Exchange
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