Stratex Investors - STI

Stratex Investors - STI

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Stratex STI London Ordinary Share GB00B0T29327 ORD 0.1P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 0.425 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.425 0.425
more quote information »

Top Investor Posts

thecoyone: tournesol I see you have attempted a response but appear to have a head in the sand approach - clearly flawed. As for your commentary concerning naked shorting - well what can I say - it shows you are clearly a market novice - I could elaborate but why bother. In the meantime the shrewd & sophisticated investors are buyers - believe me they are.
thecoyone: tournesol Some very shrewd and knowledgeable investors took part in the recent placing - can assure - you are neither. Your 'interest' in this Co seems rather unhealthy - you have no position - seem desperate to dismiss the complete change at executive level. Would you like to discuss the $8m JV with $2.4b valued Iamgold Corp - would you like to discuss the Stratex Dalafin project - sitting opposite to a 25m ounce gold corridor - would you like to discuss the in ground value of that resource - it exceeds $900m - would you like to discuss this - no thought not. Naked shorts are surely there - make no mistake - have you access to the market - have you researched the market maker positions - did you see the Stratex PLC tweets concerning naked short positions - are you the one that is short - oh dear. Did you know that a major shareholder has been approached by entities trying to buy the stake - I wonder why? Some advice - close your short - now run along - consigned to the bin of useless trolls.
tournesol: Laptop "...I suggest u get your calculator out as a few more buys coming in…" ROFLMAO volume has doubled - all the way to £20k put that into context 20k does not represent a sizeable holding for a single private investor!!! it's certainly not evidence of an inflexion point
tadtech: Delighted to see the board changes & change of name, this is effectively a new company now. Those that have lost significant, in some cases, life changing amounts of cash have every right to be bitter, these folk have been replaced by some very shrewd investors in the last placing. I fully believe legacy shareholders that have continued to support the company will be fully rewarded in due course, will more than recoup their losses. Having met the new CEO & CFO I have every confidence, they have a plan to restore significant shareholder value, the next few operational and strategic RNS's could be very interesting indeed.
tournesol: Geotrav - and others expressing optimistic views Not only do I understand the junior exploration model, I worked for many years (and in many countries) in resource companies and in exploration companies. And since retirement I have made a good living by investing in exploration and production companies - mostly hydrocarbons rather than metals, but the fundamental principles are the same. The question here is not the credentials of those like me who are critical, but rather the ability of the company's business model to generate returns for investors. On STI's homepage, in the Company Overview, there is a boastful statement that says: ...Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper… Now perhaps you can explain how it is that STI has succeeded in discovering all of the above:- a) without paying any dividends b) without delivering any gains in share price c) with very substantial dilution of shareholders d) whilst the enterprise value, the market cap and the net assets of the company have all dwindled to almost nothing Where has all that discovered gold, silver and copper gone? What has happened to the wealth created by all of that successful exploration? I note that throughout its history generous salaries have been paid to directors, management and staff, all of whom have received very substantial personal benefit in the form of remuneration and pensions and all of whom have been given shares and share options for which they have paid nothing. I think I am right in saying that none of these people have ever put their hands in their pockets and bought shares with their own money. So inasmuch as STI's boastful comments are accurate, the only beneficiaries of their success have been the management and staff. No benefit has accrued to shareholders. Of course cheerleaders like you want investors to ignore the past and fantasise about a future which holds promise of a golden eldorado which will make them rich. But it is simply not feasible. Someone famously said that those who do not learn from history are doomed to repeat it. The history of Stratex is that it is not very good at exploration but even when it succeeds it then fails to harvest any value for shareholders and wastes its resources and its energies getting precisely nowhere. At the time of the first STI IPO, the company had promising discoveries in Turkey and enough cash to take them through to production and an exciting story which would allow additional fundraisng when required. Now it has none of the above. What exactly can we expect to happen over the next year or two? Something different from before? or something similar? For me to take the new management team seriously I'd want to see a tough, clear-eyed, hard-headed approach to cost reduction, clearing the decks and focussing on the few tiny nuggets of residual value. I'd want them to leverage their investment in ThaniStratex. Changing the name of the company? Like renaming the Titanic. Utterly, totally and completely pointless. A waste of very limited resources. A diversion of management energy that cannot make any difference to the ultimate outcome. Raising an additional paltry million? Clearly a complete waste of time and money. I don't know about an Oriole, I'd say it's more of a dead parrot.
thecoyone: Some sensible reading. Could not agree more on the statement below, shrewd investors look for opportunities, short squeeze rises can be spectacular. AIM Market Makers, Short Selling and Placings 'I have previously done well from investing in companies where it is obvious that the market is short of stock and when you are able to find a "short squeeze" it does offer a good opportunity' HTTPS://
thecoyone: Gentlemen Nigh certainty that market participants have been active in driving the stock price down to levels completely out of kilter to fair value, the clue something was amiss was when the $8m JV with Iamgold Corporation was announced, the stock failed to respond. I took part in the Turner Pope placing as have a number of shrewd investors, the stock has gone into pretty sticky hands but more importantly wealthy investors who could easily finance Stratex in the future via the strategic funding route. My understanding is that Stratex needs no new money in the foreseeable and have possible cash injections coming via other routes in the future. How many people know they have a potential VAT refund due of £550k or are owed £1.2m from a partner in West Africa? The CEO also talked about receiving $500k from a Turkish project within 6 months. If market makers are short, as is speculated, they WILL struggle to close the position, I sense some HNW investors have their eye on the ball here. Listen to the recent Turner Pope presentation.... HTTPS://
observer007: I was informed that the recent fund-raise was taken by a few high net worth investors, the 1st to show their hand was millionaire Morton. Additionally during the same conversation demand to attend the Stratex presentation held by Turner Pope has been high, places are therefore limited apparantly. It does seem that Stratex has attracted some significant new investors who are backing the new Board under Tim Livesey. Tim has demonstrated he can deliver multiple returns of shareholder value in his past life. Sentiment can turn in a flash on AIM, cannot see this being a £3m valued Co for long.
tadtech: Multi millionaire Bob Morton takes 4% stake in Stratex Bob Morton, shrewd investor Citywire has been tracking entrepreneur Bob Morton's secret share deals for months because he can move the share prices of companies he takes large stakes in; this week Citywire tempted Bob out of the shadows to come in and talk to our team. Morton sees his role in a venture as providing financial expertise and guidance to a company. He always looks to work with ‘operators’ and sees the people involved and their independence from him as the key to the success of an enterprise. He describes his role as helping other people make money and in the process adding to his own wealth. Morton told ‘People are 100% of the business. If you empower people and then take away their power they can’t function. Everyone I work with has to be charged with running their own businesses.’ He needs two pre-requisites before he will become involved in a venture or make an investment – there must be an exit strategy and he must always be able to cover his downside. Morton does not usually exit until he’s seen considerable growth , although he cannot claim to have a 100% success rate. Who can? He has a value philosophy in so far as he will not overpay to get into high growth markets but will always look for companies with good growth potential. So, a few examples of some of Morton’s past deals. Morton told that Norank was started with £1000 worth of capital and was eventually sold for £10 million. Hapfield Estates was started with just £100 before being sold for £19 million. Spargo Consulting was set up with £125,000 and went to £40 million. It is not just cold start ups which Morton has made returns from, he has also turned round a number of quoted vehicles. He told ‘I have always been in the business of building companies then selling them, it is just that I am more high profile now. Because I have more capital I have to look for bigger deals and that means I need a bigger market place [quoted companies]’ Some of the quoted businesses which have been successfully turned round by Morton include: Burgess which he became involved with when the market cap was circa £1 million and sold it four years later for £350 million. The first quoted technology company Morton was ever involved with, Vistec, again had a market cap of about £1 million when he took the chair and was later sold to Lynx Holdings for £22 million. In fact Morton has done incredibly well out of technology companies, but rather ironically he makes no secret of the fact that he has never learnt to use a PC. There are a number of companies which Morton is currently chairman of which have done very well, all of which he says he is still very bullish on. Incepta Group(ITA) (which recently put out a positive research report on) has gone from a market cap of around £1million to £475 million over 7years., which has recently made a number of high profile acquisitions - Pegasus, and Systems Union – was set up, pre float, for £100,000 and is now valued at £115 million. Harrier Group(HRR), another recent float, cost £500,000 to set up and is now valued at £75 million. And lets not forget the once ailing Silvermines which Morton turned into Vislink(VLK), a mobile communications equipment manufacturer, which has seen its market cap go from £10 million to just over £100 million. There is one thing we are confident in saying about Bob Morton’s past. He knows how to make money and his name on the board of, or as a large shareholder in, a company deserves to trigger investors' interest.
exbiz: Been looking around over this last week at a number of other shares and doing research, watching proactive presentations with CEO's etc. and one thing really jumped out at me. Other CEO's no matter how good or bad there companies are are full of enthusiasm and vigour when questioned about their companies and its' prospects going forward and yet I watch Bob and for all his faux bravado he just doesn't seem plausible and for a man who has been CEO of this company for years I truly can't believe that he has not after a number of weeks at the helm not put a plan into action. He talks of getting the views of investors but investors gave their views in the general meeting by way of ballot and he has failed to implement them. He is back in the big chair taking more than £20,000+ a month (last stated annual income from STI £252,416) and having field trips to projects he should bloody well know inside out. He should know every square inch of our portfolio and should already have a plan enacted but he doesn't. He's back on the gravy train bluffing as he goes. And it is bluffing as he says he has been meeting with large investors and institutional investors too and I think it is starting to show, for instance Peter Gyllenhammer must have had correspondence by way of a meeting or phone call and he has stopped buying, no other buying has been taking place and anyone trying to sell shares for the last few days will have found it impossible. He's no more than a sponge sucking the remaining bank balance dry when he should be aggressively chasing the instantaneous repayment of Crusader loans and signing off a deal with TS, the fact he isn't and instead is journeying around on company expenses says it all.
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