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STI Stratex

0.425
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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
  0.00 0.00% 0.425 0.40 0.45 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Stratex Share Discussion Threads

Showing 32876 to 32897 of 35200 messages
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DateSubjectAuthorDiscuss
09/6/2017
09:57
Looks like it may not even happen. This is starting to smell like a dying dog. Come on Englebrecht , wrap it up and give us our money , you have overseen enough value collapse
juju44
08/6/2017
15:44
Stratex must be a special company. In calculating value it always has 'assets' but no liabilities and costs apparently.
corguv
08/6/2017
14:12
carribeanpension

Agreed and that is why I believe the company are vulnerable to an approach, a more clued up BOD, with AIM experience and history in delivering shareholder value could cut costs, use Stratex cash wisely, and deliver real value from a very low base.

Englebrecht has shafted EXISTING shareholders by doing the deal at the lowest price possible and paying a premium which Crusader do not deserve in my view.

The deal has not completed yet though.

tadtech
08/6/2017
13:55
The value placed on Stratex is actually less than the cash in their bank. The real underlying value of Stratex is made up of cash £7m plus (circa) plus 30% of Thani Stratex (according to the recent news this is between £3.5m and if the recent drilling results are accurate £6m) Plus Senegal, Ghana, Tanzania (which according to previous press releases must be worth £1m to £2m minimum) = a Total of £11.5m to £15m . OR £0.24p to £0.32p. As the deal price is £0.15 or £7m. Stratex is undervalued (conservatively) by £4.5m to £8m. This coupled with the fact that Crusader is overvalued by 65% means Stratex shareholders are getting the worst of all deals.
Lets go the AGM and say NO to being ripped off...

carribeanpension
08/6/2017
13:05
It does seem a number of very long term holders are exiting, of course, for some this will represent an opportunity. I remember when it went down to 1.25p when Sprott exited it quickly recovered to 1.85p.

The deal is not a done deal yet, it needs shareholder approval and I wonder if Stratex management are taking that for granted. On the other side Crusader shareholders need to approve it by 75%, with Stratex shares falling they may not be impressed either.

With £7m cash in the bank + the Thani stake, combined with such a low valuation, it is always possible for a third party to make an approach here, the very respected board of Pembridge are looking for acquisitions as an example.

I have to say I am none too impressed with Englebrecht, I was hoping for much more, his interview concerning the potential acquisition was patchy to say the least. There was very little detail as to how Stratex shareholders would benefit. He seems clueless how to drive value on AIM, it is all about promotion and selling the company, he has done neither since September.

In the meantime the shares sell below cash value!

tadtech
08/6/2017
12:46
Good luck George you got out before the institutions!
charles clore
08/6/2017
12:43
Well that's me out. Will follow the deal with interest. I like the CAS prospects, but I will wait for the dust to settle. GLA.
georgesorrow
08/6/2017
11:55
Tad - I know, it's a disgrace for sure. The question is can anything be done about it?
charles clore
08/6/2017
11:43
So let me get this right.

Stratex has £7m cash, 30% stake in Thani-Stratex which could be worth £3m-£4m if they IPO in Q4 as implied, 35% of Goldstone, 10% of Tembo Gold, a reasonable stake in Muradere, a copper deposit in Turkey + a stake the Dalafin exploration project.

The market cap is £6m?

Management need to hold their heads in shame, which is exactly what I said in an email to Marcus Englebrecht in September soon after he was appointed. I handed a copy of the said email to him a few weeks later to make sure he got the message.

No reply from the company to my recent email asking questions about the acquisition.

Anyone going to the AGM or presentation on the 29th??

tadtech
08/6/2017
11:23
sleveen - it's not about making me feel better. You're missing the point. And don't try and lessen what you said by 'adding IMHO' or posting one of my old posts. It just won't wash!
charles clore
08/6/2017
11:21
I do like your last line on this comment...

Charles Clore
24 Apr '17 - 14:30 - 14773 of 15216 2 0
Not the best of news but at least it keeps STI solvent without the need for a forced fundraising.

Strangely enough I was thinking of selling some before the news this morning - was quoted 1.625p. I came in just now, saw the news and the price drop so thought I would get another quote - 1.725p. Now I have 1.5m shares left which I am happy to hold, plus just over £7k for trading.

If you ask me the elimination of Altintepe uncertainty is probably going to spark some buying interest. We shall see.

sleveen
08/6/2017
11:16
No, I was going off the angry posts when the Altitepe deal went thru' in April. Seems to be the feeling at least. I've added IMHO if that makes you feel better.


And here's a post that might amuse you:

Charles Clore
24 Apr '17 - 21:20 - 14805 of 15216 0 0
Exbiz - your 14798 I agree with 100%. I would not want to throw any more Stratex money at the GRL sulphide deposit and there's not really enough oxide to make the project viable for a mine.

sleveen
08/6/2017
11:00
sleveen - do you mean to say the company got less for Oksut, Inlice and Altintepe than they put in? Can you prove it?
charles clore
08/6/2017
10:05
That's what they do, and when they sell an asset they get less than they've spent. IMHO.

Keeps 'em of benefits, so there's some good come out of it I suppose.

sleveen
08/6/2017
09:54
An 18 month low. Fully expect a new low on completion if it happens. Stratex paying way over current odds.
steve1905
08/6/2017
08:20
no word on DD , now past date. What a bunch of incompetents run this now - unless we are seeing the transfer of our last few pennies from us to them - in which case they are doing a great job
juju44
07/6/2017
21:28
Exbiz, can you expand on your last sentence? I just can't see it myself, but I'm happy to hear your views. Regards all.
5huu
07/6/2017
15:41
The deal is going through and a few disgruntled investors won't stop them as they clearly have the largest investors behind them already. Surely Marcus will just oversee all the African assets and investments, I don't see why he would just exit. The new company seems to have far more going for it now than a few months back to me
exbiz
07/6/2017
14:38
The problem with the ASX is there is no liquidity or volume. It really is nothing short of a lobster pot, that is why there are many Aussie based resource companies that have dual listings.

I have looked at Crusaders assets and they seem quality, no doubt about that, further there was talk of significant interest in them from other entities. In my view there is not enough information out there to make an informed decision on this transaction.

I have no idea what contacts the new CEO has, he is evasive and refuses to answer emails. What he did mention to me in September was that he was talking to institutional investors, these guys can sometimes come into a stock at a premium, it happened recently at Metal Tiger.

I can only assume, if the deal goes ahead, there will be a flurry of activity both from a PR and IR perspective combined with possible institution investors taking positions.

Awaiting news on due diligence, then it has to go to shareholders for approval. Stratex AGM is on the 27th and they are presenting on the 29th of this month, by that time we should know a great deal more.

tadtech
07/6/2017
13:15
The only way this wont take a savage hit on conclusion of the deal would be something big happening, announced alongside. I anticipate some warm words
steve1905
07/6/2017
13:00
I actually like the look of the deal and having 20% of two good looking assets. Having said that I have almost completely exited over the last two days, as judging by the lack of interest in CAS on ASX I don't think an instant re-rating is on the cards if the deal goes through and the share price could fall before it rises. MCAP of STI around £7m and CAS around £14m is far below the combined value of around £35m needed to preserve current STI share price
georgesorrow
07/6/2017
12:48
Board here have never done anything in the shareholders interests , just their own and their cronies . This current move is more of the same . Not to be trusted
juju44
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