Stratex Share Discussion Threads

[tadtech] 05/6/2017 15:01

There will have to be some announcement either tonight or tomorrow night on the ASX re due diligence closure. A 'deadline' of 7th June was given. A few are asking about this on the Aussie bulletin boards.

I want to see this move forward ASAP as there seems to be some very significant news events pending for Crusader.

[dogwalker] 05/6/2017 09:05

Eh? Yes. Qatar-Thani.

[corguv] 05/6/2017 08:33

Egypt has cut diplomatic relations with Qatar - Thani. A spat or more serious ?

[charles clore] 02/6/2017 22:43

Same here Steve x 3. I try not to get too upset about it.

[charles clore] 02/6/2017 18:58

steve - it's a great shame isn't it? Do you have any left to sell or are you here for the entertainment?

[steve1905] 02/6/2017 18:46

To think rrr is a better performer than Stratex, absolutely sums the situation up. Stratex paying, 16 or was it 18c and the price currently at 11.5c. Does that mean share price will drop accordingly.
I'm wondering if Engebtrect will slip out the back door, with a remuneration for services rendered of course. Then see this diluted to sfa- thank you very much

[blobby] 02/6/2017 18:32

Tad,

"I remain convinced Stratex is a much changed entity"

That seems very clear to me. The main asset Altintepe is gone for a song and there is no life left now. If the deal goes through then what was Stratex is then sold for less than net cash and is no more.

ASX having more exacting rules is good news. Lets hope Crusader retains its listing there for the benefit those not selling out.

[tadtech] 02/6/2017 17:49

I was ridiculed in January for suggesting folks should look at Red Rock at .4p, today they hit 1.07p bid.

Tadtech - 19 Jan 2017 - 22:37:42 - 13408 of 15170

RRR - Wait and see!

It pays to go to events and meet management, I remain convinced Stratex is a much changed entity and am looking forward to hearing news next week.

I have not sold any STI and will not buy on ASX, one reason Crusader wants the deal to progress is their shares will be more liquid in London, this should drive a re-rate. Problem with the ASX is lack of liquidity and trading volume.

The ASX has very exacting rules which include quarterly updates to include activity reports and financial reports. Ahead of any major event the stock must be suspended until news is released. That is the norm.

I think the new entity will be highly sort after and I remain very upbeat.

[ryanandbethanjones] 02/6/2017 13:52

That link is well worth s read. I think crusader/stratex is going to have a very interesting H2 Thanks for sharing

[blobby] 02/6/2017 11:39

Tadtech, are you a shareholder in Stratex or have you sold to buy Crusader shares on ASX as there was (is?) a significant difference.

I hope you are right that the ASX rules are better than AIM. Presumably the new company will continue to be listed on AIM though? Or a dual listing?

I am finding no difficulty in accessing the link above, thanks for posting that by the way.

[tadtech] 02/6/2017 11:12

Due diligence expires next Wednesday, am expecting an announcement within days. Another aspect is that the ASX is very strict, reporting anything relevant essential.

The above media link is subscription only so not widely available, key points are Crusader talk about gold production of 100,000oz and a the imminent award of a Mining License.

Whilst it is fair to say that Stratex pitched 'the offer' at the low point of their share price it is also pretty obvious that there could be very very significant upside in the new company for a number of reasons that media publication explains

Interesting times ahead.

[tadtech] 02/6/2017 07:55

Recent article on Crusader

[ryanandbethanjones] 01/6/2017 13:41

Must be the share price movement suggests as much?

[shortarm] 01/6/2017 13:07

Good news from GRL in the morning?

[dogwalker] 30/5/2017 18:59

Tank-tastic. Is there a Chieftan Resources?

[novicetrade68] 30/5/2017 18:32

Yes, let's hope Challenger Resources will save the day here ;-)

[tadtech] 30/5/2017 14:59

Whilst they will not admit it I would suggest the institutional investors in Stratex had enough and forced Foster and Hall out. If one reads the Annual Report carefully it states loss of office compensation was paid out.

My take is Englebrecht is here to rejuvenate the company. If that means he goes after the Crusader acquisition so be it. The Board of Crusader seem a pretty competent bunch and, most importantly, have a large stake in the company.

I like Crusader assets, a JORC resource of 2.7m gold ounces and another gold project with a JORC of circa 300k gold ounces, both have near term and low cost production potential, not to mention considerable opportunity for resource upgrades.

I am sure the tide will turn once the deal completes, the new Board will want to promote and push the 'new' company and it's projects, more importantly the market cap, being over $30m will attract institutional investors.

Further upside could come from existing Stratex assets, namely Thani-Stratex, which could float in Q4.

News could come anytime from now to June 7th re the deal completing, subject to shareholder approval.

[blobby] 30/5/2017 11:22

Interesting question romeike, that decision will have been taken during the takeover discussions, however private shareholders (the majority owners) have not been informed, presumably because the company has chosen to release as little information as possible.

I'd love to know what has really been going on over the last 12 months.

[romeike] 30/5/2017 10:52

Will Marcus be staying after the deal?