Share Name Share Symbol Market Type Share ISIN Share Description
Stratex LSE:STI London Ordinary Share GB00B0T29327 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.475p 0.45p 0.50p 0.475p 0.475p 0.475p 100,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -4.7 -1.1 - 3.33

Stratex Share Discussion Threads

Showing 35001 to 35021 of 35025 messages
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DateSubjectAuthorDiscuss
20/6/2018
11:31
Only hope is gold surges over $1500, small cap sector excitement returns and Stratex hit some good grades with the projects that remain. Speculative hope leads to an improved share price allowing us bitter and twisted long termers to get out with reduced losses. It will happen but about 2 years away...
highly geared
20/6/2018
11:19
All time low . The dog is surely dying
juju44
19/6/2018
15:46
Had a chance to look over the Juruena drill results released by Crusader. Can't see what the fuss was about this asset. Results pretty poor grade.
romeike
14/6/2018
16:09
Stratex will be presenting to investors at the upcoming Proactive One2One Forum on Tuesday 19th June in London. For details and registration click here: https://tinyurl.com/ycfoh5us
aim_trader
14/6/2018
13:43
Tightfist I have to say that I think it is simply not possible for management to get it right from here on. They simply do not have any assets worth progressing and furthermore they have neither money nor any source of income. Given the company's track record of value destruction there is no way that they can raise additional funds on anything but a derisory scale (as we saw recently where the most they could raise was a single measly million. Without funds there is nothing that anyone can do. The most talented management team in the world can't conjure up a transformative deal or a rescue plan from thin air. The best thing they could do is liquidate their few remaining assets and distribute the proceeds to their shareholders so they get back a small fraction of the current share price. Of course they are not going to do anything as sensible as the above. They are going to keep paying wages for as long as they can until the money runs out. That is the optimal approach for management but the least satisfactory approach for shareholders who will end up losing whatever residual value remains as of today. This reminds me so much of Northern Petroleum (NOP) whose business followed a near identical trajectory. Sic Transit Gloria…...
tournesol
14/6/2018
10:25
Crusader continues its ever falling trend under the magnificent leadership of one Marcus Englebrecht. As for Stratex you could sell out and put your cash in a National Savings Scheme and it will outperform this junk. The simple fact is you can't run a business like a retirement allotment and expect good results.
romeike
13/6/2018
16:43
I don't see how Stratex can approach a near-production opportunity with acceptable dilution; its MC has IMO sunk far too low for that. We can now look forward to several years for rehabilitation IF management get it right - it will sink/be bought for the listing (shell company) if it is got wrong. TSR IPO/action is the only hope for something better and quicker?Finishing the make-over of the BoD is critical, see Tournesol's earlier post....Cheers, tightfist
tightfist
13/6/2018
16:34
LOL the next trail of destruction is Crusader Resources!
jimbowen30
13/6/2018
15:07
That's what Engelbrecht wanted to do in Brazil wasn't it Glib?
dogwalker
13/6/2018
14:01
I would estimate that we are about 8 years away from TSR producing gold. I am not sure what they intend to do with this early stage project they have bought into, but think it take even longer. What ever happened to investing in near-term projects and generating income from which to grow the company?
glibgibon
13/6/2018
10:02
Peter Addison is still in the Chair. He was instrumental in wasting STI's scant resources on the half baked Crusader proposition and supported the then CEO in what was obviously an (at very best) delusional project. He ignored the surge of shareholder dissent and when a last minute rescue attempt was made by Hall and Foord, he found a legal loophole to sabotage it. Instead of accepting Hall and Foord back onto the board and backing their coherent strategy he dug in his heels and threw his toys out of the pram. He is now presiding over the end stage of this company. The last remaining drops of juice are being squeezed into the cups of the management team. They can probably extract another year or two of salaries that are out of all proportion to the size of the company and its lamentable track record.
tournesol
13/6/2018
09:45
Incidentally, if anyone is interested in looking back at 40+ analysts' reports from 2006 to 2015 they can be retrieved from Stratex's website. You have to know where to look for them - they do not show up in the visible links or in the sitemap, but the following link will reach the first one:- www.stratexinternational.com/wp-content/uploads/2018/02/analystFile-1.pdf To get the next one just add one to the last digit - ie …..File-2.pdf; File-3.pdf; etc. The sequence goes all the way to 43. I would hazard a guess that the cost to Stratex of commissioning reports from non-independent analysts, communicating with independent analysts and posting these 40+ reports onto their website is pretty close to the million they have just raised by massive dilution. That's a rather amusing thought.
tournesol
13/6/2018
09:31
The home page of the Stratex website 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…" What it doesn't explain is how, given the success of which it boasts, has it gone from a market cap that peaked (I think) at about £40 million down to a derisory £2.5 million. That's a reduction of 95%. How on earth is that possible? I could forgive them if they had not discovered anything at all. After all it is in the nature of exploration activities that most will fail. That's not even bad luck, it's just par for the course. But for a company to discover millions of ounces of gold and silver and thousands of tons of copper AND END UP WITH NOTHING TO SHOW FOR IT - that is incompetence of a very high order indeed. It is not the roll of the dice that is the problem here, it's the role of the dicey (management).
tournesol
13/6/2018
09:27
juju you're being too kind. Mismanagement is an understatement sadly.
jimbowen30
13/6/2018
09:26
Been following events from afar, it looks like a new management team has been put in place, new CEO and CFO. The placing was a necessary evil to get into the new project, it will be interesting who took up the shares, to raise £1.15m in current market conditions is pretty good, more-so given the recent turbulent times at the company, the sector has been weak this year. The takers of the placing stock will want a return on their investment, is this the bottom one asks? There should be lots of news ahead, if the drilling at Dalafin starts to deliver decent grades value could return quickly. What about the Thani-Stratex IPO is that still on? If so another value driver. Post placing market cap £3.5m & cash balances of £2.4m.
observer007
13/6/2018
09:24
George, Oksut was 'deal of the year', Altintepe was the death knell of this once promising outfit. The full scale of that scandalous sell out will never be known.
steve1905
13/6/2018
09:03
It's not fifty percent dilution is it George......But let's not argue about it eh
shortarm
13/6/2018
08:52
33% of ENLARGED share capital, 50% of of existing capital. 50% dilution to raise £1m is pretty incredible. It's a long way from the Altintepe 'Deal of the Year' for those with long memories.
georgesorrow
13/6/2018
08:21
34% new shares apparently
shortarm
13/6/2018
07:45
The dwindling share price has reduced the market cap to a paltry £2.5 million, so the fund raising represents almost 50% dilution. That is not a business. It's a hobby. It's worth less than many houses in the South East. No way can it justify paying £700k a year to its inept management team to manage its vanishingly microscopic level of activity.
tournesol
12/6/2018
16:18
Rom shame management didn't get a one way ticket!
jimbowen30
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