Stratex Share Discussion Threads

[charles clore] 20/5/2017 22:50

exbiz - a cracking presentation don't you think?

[exbiz] 20/5/2017 18:05

For those that haven't seen Crusaders latest presentation hxxp://www.crusaderresources.com/wp-content/uploads/2017/05/Brazilian-Gold-Presentation-Final-9-May-2017.pdf

[tadtech] 20/5/2017 10:09

Hoping the new PR team will get the company on the map, it has been out the spotlight for an age.

Lots going on now to attract new investors.

[romeike] 19/5/2017 22:15

Stratex got a mention in the City AM paper today

[corguv] 19/5/2017 20:21

True Juju. Let's hope Marcus can in time deliver the cash flow envisaged and a way forward for Stratex ... at last.

[juju44] 19/5/2017 09:03

Charlie , still here but not much impressed with the deal. Done when STI share at a year low and no value put on TS and other assets all of which now diluted. Englebrecht was a poor deal maker at Archipelago and looks here to be working with cronies. However we are where we are and I will await dveelopments

[youngharry2] 19/5/2017 08:58

Since the credit crisis, miners have cut back considerably on investment in new gold production, a supply side crisis is looming and that means attractive returns could be made from investment in new low cost production.

If the Crusader deal closes then new co would be in a good position to takeover TS to give the existing shareholders a quote and ii a diversified near term production investment vehicle.

Looks as if the car crash has been averted there could be good returns here over a 5 - 10 year view

[charles clore] 19/5/2017 08:53

Juju - In your last post I noted the word"we". Glad you are still with us.

[steve1905] 19/5/2017 08:31

Lp posted on the LSE bb yesterday (tracylied), first time I've seen of him for probably s year. He didn't sound too convinced - think he may be the type to bear a grudge
As for corguv, I expect he'll let us know his thoughts - in retrospect, he was pretty much on the mark with his reservations

[juju44] 19/5/2017 08:24

LP worshipped Bob and encouraged mugs to buy at 10p . Hardly the contribution we would wish.

[charles clore] 19/5/2017 08:22

Agree with everything said so far today. It's really good to know that we are still going with the TS alliance. I wish people like Clan and LP would take a more objective view and buy back in as they were great contributors to the discussion

[tightfist] 19/5/2017 08:08

Hopefully that has started us in a better direction from today onwards. And I certainly hope that Marcus is going to wipe our slate clean in Turkey with some reasonable exit deals.

[ryanandbethanjones] 19/5/2017 08:06

Another interesting angle is the 50% jv with the lithium extraction company Also there are a few loose ends to tidy up in turkey karragac, muratdere etc so there will be more ' pruning' to doAlso Interesting for me is goldstone and what will happen there

[goldenshare888] 19/5/2017 08:05

Yes and with large assets (currently not fully valued, in line with peers by the market) + potential large assets.

[shoggoth] 19/5/2017 07:53

It's a wipe-the-slate-clean-and-start-again scenario.

[tadtech] 19/5/2017 07:23

goldenshare

I could not agree more, soon we will start to see investors buying into the new Stratex in my view.

The stake in Thani-Stratex is also very exciting, they are a well managed outfit + lots of on the ground activity.

Stratex, like Crusader, is significantly undervalued compared to peers, it is only a matter of time until the stock is re-rated to reflect the change in management and new direction.

[goldenshare888] 19/5/2017 07:10

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.

:))

[romeike] 19/5/2017 02:50

Over on the aussie board they are worried about being sold too cheap. Seems like they've been struggling to raise development funds during the recent downturn and their shareholders are frustrated like us but for very different reasons. They seem to respect the bod. I think the deal makes a lot of sense for both sets of shareholders and its pretty exciting. I'm really pleased that Marcus is leveraging what we have now to obtain valuable assets rather than what I didn't want...watching the funds rapidly disappear as Stratex cast around endlessly looking for opportunities.

[tadtech] 18/5/2017 23:44

It seems both companies have historic shareholder frustrations, having looked into it a little, in the case of Stratex never ending failure to deliver shareholder value and in the case of Crusader lots of dilution which quelled upside.

I think the deal will go through therefore.

[shoggoth] 18/5/2017 23:29

I think this is an improvement. The way things were going, the company was going to just chew through cash with no near term income before having to raise funds again. Will this be avoided with this new strategy?

One point to make - the title of this and previous threads must be changed as they are no longer relevant.

[bigglesbingham] 18/5/2017 18:37

I see similarities to AAU three years ago, obviously not in turkey. It took quite a time for that share price to increase , they were well into the build phase. It's still underperformed my expectations. There is a long road here.

[blobby] 18/5/2017 17:14

Tad,

You say "if you know where to look, there has been significant corporate interest in their gold projects". Why not post the links or source of information as it will give others a chance to check your assumptions. Without the evidence to back you up, your argument is much diminished (in my eyes at least).

[tadtech] 18/5/2017 16:55

The simple fact is that if the deal completes it will be in Crusaders interest to enhance the share price considerably, their Board have real skin in the game with 23%.

As I say, and was told in December, that within 6 months Stratex would be a much changed company, anyone who cares to read the latest Crusader presentation will see they are materially undervalued, further, if you know where to look, there has been significant corporate interest in their gold projects.

If the deal gets done it will be happy days!

[blobby] 18/5/2017 16:40

YoungHarry2, I think you should look at the deal the other way up (think Australia) and use the Crusader share price for taking over Stratex. As it says in the RNS this is a reverse takeover.

[youngharry2] 18/5/2017 16:35

Deal values Crusader at £31.1m, if the combined entity Crusader plus Stratex cash is valued at £37.1m then 19% is worth £7m or the current share price

Dilution to follow once Marcus seeks London based funding for the near production assets.