Stratex Share Discussion Threads

[charles clore] 25/7/2017 10:22

I was looking to buy more but not now. Marcus seems to have lost the plot imho.

[tadtech] 25/7/2017 10:02

romeike

I take comfort that the loan was provided by Stephen Copolus who is the largest shareholder of Crusader, holding 20%+, if converted the shares are unlikely to hit the market anytime soon. He wants significant share price appreciation more than anyone!

As for as your suggestion that Stratex are buying part of the Juruena project, they are not, the share payments, if made, are project performance based and long standing, based on future high JORC recognized grades if attained.

Basically I see this RNS as no more than a housekeeping exercise. The focus should be on the obvious undervaluation of the new merged company compared to peer groups.

The post from Aussiebeach was interesting to say the least, plenty in attendance at the presentation which seems positive.

[romeike] 25/7/2017 08:51

Today's RNS is quite disturbing. So, not only are we now paying a steep price for Crusader, we appear to be buying a portion of the Juruena project for them and also paying off a $Oz 1.5mil loan.

I am supporting this deal despite the near-term hurt it would cause vs. the alternative of cash slipping down the drain on administration and endless due diligence, but, if I am not misunderstanding, this feels like a slap in the face too far. We are providing the cash, without which Crusader are clearly dead in the water. Stratex shareholders should be getting a significantly bigger % stake in the new co. I can't help feeling Marcus needs to be sent back to the table to negotiate a better deal for Stratex shareholders.

Not best pleased. I hope I am misunderstanding the situation. It feels like the gap required simply to restore the value of our original investment is slipping ever further away.

[goldenshare888] 25/7/2017 07:47

I continue to hold for the re-rate....

:))

[aussiebeach] 25/7/2017 02:28

G'day

Fortunate to attend the meet and greet jolly last week where Marcus Englebrecht of Stratex and Paul Stephen of Crusader addressed the investment community. A number of media concerns present as well as brokers, surprised by the high turnout.

Englebrecht impressed, seemed focused, has done homework, the aim is to bring Borborema into production promptly + more work at Juruena targeting the high grade areas recently reported, ready to go.

News will be rich according to Paul Stephen. Englebrecht addressed some questions about the existing Stratex portfolio, very positive on Thani, mentioned a market release about Goldstone in Ghana, production near term?

Both directors talked about increased liquidity in London with a number of funds happy to invest in South America, they expect to see a strong 'after market' I assume that means a re-rate.

Spoke to a broker house analyst, considers the merger is good news from an operational & shareholder value perspective.

A positive and worthwhile event.

[corguv] 24/7/2017 19:03

Jim pity the BOD of Stratex anytime after Oksut 2012 didn't offer cash to cooperate with Hummingbird, it always looked at option at that time instead £10m thrown away on drilling and more on GRL, Tembo etc.. Amazing how the Bulls now harp on about Altintepe cheap cash sale when they know that cash is going on admin and dilution sinkhole.

[juju44] 24/7/2017 16:00

Englebrecht rattled on about how successful Stratex has been over the past few years. What planet is this guy on

[tadtech] 24/7/2017 15:37

Stratex on Vox podcast today.

[jimbowen30] 24/7/2017 15:03

Not sure if this has been posted:



I would also suggest listening to the Hummingbird interview, which is a multibagger at this price.

[broken_arrow1] 24/7/2017 14:10

romeike

People will be kicking themselves not snapping up what little stock is available at current levels, my limit order remains but unlikely to be filled.

Fact they will not sell you any/many says it all.

Can see this rebounding to 1.5p/1.6p on an oversold/trading basis alone.

[romeike] 24/7/2017 13:07

If I wasn't already maxed out at 5mil I'd have picked up more. Hopefully in October we will see some interest in the new company on AIM that will be sufficient to offset the dilution.

[charles clore] 24/7/2017 11:06

I was quoted 1.187 for 500k first thing this morning so it looks like there may be some background interest here.

[broken_arrow1] 24/7/2017 11:05

Limit order in for 500k @ 1.15p got 50k and now they want 1.25p.

Not prepared to sell many at these levels, that says it all.

[broken_arrow1] 24/7/2017 10:28

Can be sure all the updates and media releases are being authorized by lawyers until the merger concludes.

Interesting the Crusader guy hinted that mining could come sooner than 12 months Marcus Englebrecht said on the Proactive interview.

Do not forget how tightly held the merged company's stock will be, only 20 concerns hold 60% of Crusader and Stratex has nearly 50% held by major investors.

That will be very relevant post listing the merged company, that is why I am buying Stratex at these bombed out levels.

[tadtech] 24/7/2017 09:51

Based on the current exchange rates and respective share prices it is now marginally cheaper to buy Stratex than Crusader if you want to buy into the merged company.

Of course the market makers are 'at best' to buy even £500 of Stratex shares currently, the company is now valued below the £6m cash balance.

Let alone the equity stakes in 3 other companies potentially worth £3m-£5m

DYOR

[charles clore] 24/7/2017 09:45

This has the potential to become a multi bagger if gold rises the way I believe it will imho.

[romeike] 24/7/2017 09:22

Stratex-Crusader will remain on ASX in the short term but will then seek to delist from ASX and focus on AIM.

There won't be an Australian office so directors will either work from home or move to the UK.

[tadtech] 24/7/2017 08:14

News

Crusader JORC resource update 2.43m ounces gold

[juju44] 23/7/2017 18:32

I will be voting against the deal . Why is that miserable and you dont sound young to me

[shortarm] 23/7/2017 17:04

There's loads of hope!Juju is just miserable (and old) and I'm naive (and young :-P)