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% 1.60p 1.45p 1.75p 1.60p 1.60p 1.60p 101,519 07:30:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.6 -0.5 - 7.48

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Stratex (STI) Top Chat Posts

DateSubject
23/5/2017
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 1.60p.
Stratex has a 4 week average price of 1.43p and a 12 week average price of 1.43p.
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 1,283,382 shares. The market capitalisation of Stratex is £7,476,980.42.
19/5/2017
07:10
goldenshare888: The most important information for me is: 1. Crusader have a large resource approaching mining stage. 2. Crusader share price has been over 10 X higher in the past! 3. Crusader currently looks to be way undervalued and is in the lower quartile of gold explorers based on OZ in the ground! 4. Anbat being drilled to prove up a maiden resource! 5. Pandora drilling results next month! 6. Stratex maintain c 30% holding in Thani Stratex! 7. The recently announced "takeover" (merger?) looks fair to both sides to me. The scope for share price appreciation from here is very high in my view and I bought more yesterday and will look to add further funds in due course. :))
18/5/2017
12:32
tadtech: Clearly this deal is a good one I have no doubt about it, I am very contented to hold my position and will probably add further in due course. As the Crusader presentation clearly shows there is significant room for upside from a plethora of their projects. This is where existing Stratex shareholders will benefit and with a London listing Crusader/Stratex should attract institutional investors. I have to admit I was worried that Marcus was simply having strings pulled by the likes of Christopher Hall and Bob Foster and the Altintepe cash would be blown on excessive salaries and the like but no, this is a very positive move indeed. I have no real interest in the short term share price movement be it higher or lower, I think anyone buying in around current levels will see exceptional returns in due course.
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
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!
09/7/2016
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
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!
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