Stratex Share Discussion Threads

[soulsauce] 30/5/2017 09:15

Yes Shortarm nice to see a bit of buying. Hoping the bottom is behind us ;-)

[shortarm] 30/5/2017 08:49

And GRL...Hmmmnnnn

[shortarm] 30/5/2017 08:21

Could be considered a flurry of buys this morning?

[charles clore] 28/5/2017 20:18

exbiz - that's more than the Prime Minister! Bob obviously thought he deserved it.

Tad - thanks for that, very interesting!

[tadtech] 28/5/2017 19:47

The next key date is the 7th June when this will apply.........

Stratex and Crusader, confirming in writing to the other party, on or before 7 June 2017, that they are satisfied, acting reasonably, with their due diligence enquiries

The other aspect is that Crusader directors have real skin in the game, 23% of the company, they will want to drive value.

My guess is the deal will conclude.

Video from September last year talks of spectacular grades and early stage production.

[juju44] 28/5/2017 18:11

rush to buy here by the directors gives a nice warm feeling . Seems to me they just want to drain the cash pot then move on . Us punters are not on their radar at all . If they wont buy at this price , they will never buy

[exbiz] 28/5/2017 17:59

Just flicked through the Annual Report and the thing that stood out most to me was that Dr Bob was paid £252,416 until 31/012/16. Amazing reward for failure when you consider we were forced into selling Altintepe after the contract fiasco he presided over.

[glibgibon] 24/5/2017 23:57

Not a dog - a lobster.

Lots of sweet meat inside of that cash shell.

[juju44] 24/5/2017 14:25

Bring back Bob . Its just a dog now

[steve1905] 24/5/2017 14:16

The reverse take over seems to have to been met with the same level of excitement down under.
As blobby pointed out, shares trading at about 11.5 in Australia - surely that's a bargain if Stratex will pay 18c? Doesn't seem much interest though

[exbiz] 22/5/2017 23:57

Latest TS news release

[romeike] 22/5/2017 22:34

You could try to invest in ASX:CAS but if for whatever reason Stratex pulled out I could see a drop there, whereas as Stratex are already at a long term low. Don't take this as advice though, the way gold stocks have been anything can happen.

[mronions] 22/5/2017 17:24

Should one invest here or is it bad time ?

[shortarm] 22/5/2017 16:44

Some blue, wow.

[exbiz] 22/5/2017 14:57

Brazilian assets are vastly undervalued compared to S.American peer group and now that there is money available to push these up the value curve and into quick production at Jurama I'm surprised you would see it as such a stretch YH. Current value of Crusader + STI is cerca 40 million so I would expect with news arriving on multiple fronts from Brazil, TS and even perhaps Goldstone, Dalafin, Muratdere and remaining Turkish dross, then the share price could quite realistically be expected to surpass multiples of the current market value.

[blobby] 22/5/2017 14:48

Why would anyone want to buy shares in STI whilst they remain considerably cheaper on ASX as Crusader shares? In fact I don't understand why existing holders who believe in the deal are not selling out on the LSE and buying shares on ASX.

[tadtech] 22/5/2017 14:08

Why should the company not get to a market cap of £50m-£75m at some point, Crusaders share price was on the floor at the time of the Stratex offer, they had a market cap of circa £50m in 2014 when their projects were less advanced.

[youngharry2] 22/5/2017 13:45

Since Marcus arrived, the share price has fallen. To get back to the equivalent of 2p per share, new STI will need to have a market cap of around £50m, to reach 3p a market cap of £75. Given the deal values Crusader at £31m, a market cap of £50m let alone £75m would be heroic.

[romeike] 22/5/2017 00:53

For what it is worth I read that Stratex are being advised by Hannam on this deal.

hxxp://www.hannamandpartners.com/

[tadtech] 21/5/2017 23:11

Clearly the projects were in demand

[exbiz] 21/5/2017 20:54

Yes CC the presentation is great and more than comparable with something like SOLG's latest presentation and just look how there share price has reacted to their early discoveries over this last year and the Brazilian prospects are much further advanced with licenses already in place and mining a distinct possibility perhaps inside a year.

[juju44] 21/5/2017 19:07

Good presentation but gold pour some way off ' Share price likely to drift waiting to see if it all comes good

[tadtech] 21/5/2017 18:50

This is what Stratex are buying into, there is significant upside potential ahead, finally something to get excited about!

[juju44] 21/5/2017 18:38

Try telling that to the market

[romeike] 21/5/2017 18:08

It is exciting, particularly if development/construction on Juruena can accelerate now with cash flow as soon as possible.