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
  -0.15p -8.11% 1.70p 1.65p 1.75p 1.75p 1.60p 1.75p 919,707 13:51:43
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.8 -0.1 - 7.94

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Trade Time Trade Price Trade Size Trade Value Trade Type
15:28:231.725,00085.91O
15:02:061.7214,203244.04O
14:18:091.68227,2723,824.99O
13:57:101.73100,0001,729.50O
12:51:311.73149,7712,591.04O
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Stratex (STI) Top Chat Posts

DateSubject
25/4/2017
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 1.85p.
Stratex has a 4 week average price of 1.58p and a 12 week average price of 1.48p.
The 1 year high share price is 2.60p while the 1 year low share price is currently 1.40p.
There are currently 467,311,276 shares in issue and the average daily traded volume is 2,680,805 shares. The market capitalisation of Stratex is £7,944,291.69.
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
23/4/2017
14:09
steve1905: If Stratex and Baha can reach a satisfactory outcome, by that I mean, regular % payments for their share of the mine and confirmation that the 2nd stage is a goer, I can see the share price rattling up. On the other hand, if it turns out they sell (let's say for $25m) I can't see any more than a blip in share price I feel we would see a similar result to the sale of Oksut, ie, management throwing money around in all directions other than towards shareholders.
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.
27/2/2017
09:31
tadtech: I took the time to visit the two Stratex presentations and relayed what I was told. Everyone was happy with that at the time but of course now the share price has not hit 3p on this long awaited news announcement there are derisory comments from the usual suspects. I stated the mine was performing well, it is. I stated they were still in negotiations with the JV partner, they still are and there is no reference about these negotiations not being amicable albeit frustrating. I referred to their other projects as being positive which, in general, they have been. I suggested that they are considering options on their entire portfolio which seems to be the case and implied the new CEO was busy meeting new investors and industry professionals which, although not stated in this RNS, I still believe to be true as he told me as such in open Q&A. Maybe, before not too long, the focus of this company may divert from Altintepe, Turkey, to other more significant events, time will tell. I still remain upbeat on the basis that the new CEO has proven abilities, was probably brought in by the major shareholders, which include one of the largest mining companies in the world. Worth remembering!
09/2/2017
12:30
charles clore: Exbiz- none of them give a toss about small shareholders. I am sure they see us as an irritation and would rather just get on with the job than be accountable. After all, what difference does the share price make to them? They have low trigger price options which, if it was down to me, would be set at least 50% above the current share price for AIM shares. We are at their mercy and have to either put up with it or sell.
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.
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.
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