Stratex Share Discussion Threads

[juju44] 16/5/2017 08:54

Engelbrecht too busy at golf to put anything into the report.

[greedfear] 16/5/2017 08:47

Now that was uplifting. NOT. Strategy: we'll just keep burning up 2 million of cash for administrative purposes to continue what we've been doing. share price should be cash per share minus discount.

[bigglesbingham] 16/5/2017 08:46

What share in a near producing or producing goldmine is £5m going to get??? Put money into salinbas with AAU and hope for some excellent results. Although doubtful with the reports comments regarding turkey!!

[charles clore] 16/5/2017 08:41

Partners are ok as long as you dont have something they want. Bahar obviously thought Stratex had more than their fair share of Altintepe so they proceeded to shaft us up the backside until we threw in the towel. We could have sued them but it would have been a long drawn out battle that probably would have taken the company close to bankruptcy. At least we have a chance now to make good. Good old Bob and Chris

[juju44] 16/5/2017 08:37

Even all the old stalwarts giving up here now. GIVE US OUR CASH YOU DUMMIES

[shortarm] 16/5/2017 08:23

Goldstone have a partner who builds mines....Sounds like there's more future there right now!

[charles clore] 16/5/2017 08:12

Biggles - we still have a company!

[bigglesbingham] 16/5/2017 08:07

Can't see anything positive in those results.

[soulsauce] 16/5/2017 08:04

It's all about the future now and Marcus needs to get on with it. I notice the reference to other projects just says 'mining' so not necessarily gold.

[buggy] 16/5/2017 07:59

Not sure what others made of today's Final results but reading this section of then result made me feel even worse. Appears we actually only got $6Mill for our 45% share of an operating mine..

"...The owners of the Altıntepe mine agreed to pay US$2 million, net of taxes, (approximately £1.6 million) for services related to the operation of the mine provided by the Company's geological team based in Turkey. This forms a part of the US$8 million net consideration for the sale of Stratex's 45% interest in the mine and has been reported as "Other Income" for the year; ..."


If STI was owned $2M for services and that $2Mil is part of the $8Mil received for sale of our 45% interest, in effect we only got $6Mill for our 45% interest.

Wish they could have been upfront on how much we got for the mine rather than padding the figure with other monies owned to us . If you feel that you can trust a management, then you would not need to start deciding what discount factor to apply to whatever they say.

Anyway I do not have as much shares as most of you so I will just go back to sleep and put the shares in the bottom drawer.

[danieldruff2] 16/5/2017 07:49

Stung for 400k of VAT at the end of the results!

[charles clore] 16/5/2017 07:45

Steve - if you are inclined to ask why don't you do that and let us know what Marcus says please?

[shoggoth] 16/5/2017 07:07

> I simply cannot believe the new CEO does not have a plan which will deliver value, I simply cannot see him burning through cash like Stratex has done in the past

You didn't believe the company was useless for years when I was trying to tell you. Why start now.

[soulsauce] 15/5/2017 22:48

Quite CC in fact a mirror image of the previous incumbents.

[charles clore] 15/5/2017 21:54

Steve - that certainly is a good point.

Tad - I hope Marcus has something up his sleeve because so far his performance hasn't really been very impressive.

[tadtech] 15/5/2017 20:59

I have been in situations like this before, when all the chips are down, sentiment is rock bottom, share price on the floor, disillusioned private investors, bulletin board negativity, no apparent blue sky opportunity ahead, a number of stocks I have held in the past have often doubled/trebled on some unexpected news event.

I simply cannot believe the new CEO does not have a plan which will deliver value, I simply cannot see him burning through cash like Stratex has done in the past, those entities responsible have now left the company thank heavens.

The new CEO was awarded options at 1.85p and needs to deliver for his own business reputation, he is in his mid 50's not approaching retirement like Bob Foster & Co.

My view is Stratex is a fair investment proposition at current levels, cash of circa £7m with investments (Thani-Stratex, Goldstone, Tembo) that could be worth another £6m-£7m against the current £7.25m market cap, notwithstanding any new corporate developments.

Some form of update must be due.

[ryanandbethanjones] 15/5/2017 19:42

Shocking No updates no strategy and no clue

[shortarm] 15/5/2017 11:42

Was that six hundred k a sell?Right now you can't buy any but can sell 500K so I'm guessing it was a buy...

[juju44] 15/5/2017 11:34

Rats and sinking ship now. Director rush to buy tells a lot

[juju44] 13/5/2017 17:54

Market cap now about cash value so market believes that current management is as useless as the last set of duffers and will squander the cash . Englebrecht took the job as he wanted to move to UK and STI couldnt attract anyone else . What a circus

[charles clore] 12/5/2017 21:17

ju - I assume that includes consultants and retired directors!

[juju44] 12/5/2017 09:52

yep , dummies on the board should sack themselves and give cash to those whom they have robbed over the years

[youngharry2] 12/5/2017 09:50

A reverse wouldn't rule out a TSX listing or a placing

The other way forward of creating shareholder value would be to return cash and shares in TS to shareholders and folding the business, worth over 2p per share.