Stratex Share Discussion Threads

[bean02] 04/8/2017 07:58

Only kicks in ifless than £40 million, and with a projected cash flow within 3 years of £8 million, within three years of the grant date; or if within three years of his appointment as CEO of the Company, the Company achieves a target market capitalisation (measured over any 6 month rolling period) of £80 million.Market cap currently is 6.5m!

[romeike] 04/8/2017 07:41

RNS Today- How about a long term incentive scheme for suffering shareholders.

[shoggoth] 03/8/2017 20:25

Agree. Tad is abroken record, proven wrong every time.

[tadtech] 03/8/2017 16:03

New interview today, lots of news ahead.

[corguv] 03/8/2017 13:53

Large Companies with residual comparatively tiny holdings some of whom pulled out long ago. For example Anglo Gold Ashanti closed down their MENA interest and to them a crumb of a holding was left behind in Stratex, not worth the effort of selling after all the price falls.

[romeike] 03/8/2017 13:44

So the large shareholders who have approved this deal just don't care about their capital?

[westie1942] 03/8/2017 11:06

All seems good news, can't wait till October to see the share price start climbing.

[westie1942] 03/8/2017 11:05

All seems good news, can't wait till October to see the share price start climbing.

[corguv] 03/8/2017 11:02

Yep 5 agree with that, Stratex flogged off Oksut plus NSR, producing Altintepe, something like £40 million has run through the directors and we just get further away from cashflow. Tad's Ramper Board neglects to mention continuous Director and Admin costs oh yes and the little matter of time and costs getting any sort of cash flow from a producing mine. A Directors' plaything it has been, it is and it will be.
Zilch for shareholders.

[romeike] 03/8/2017 09:55

They clearly arranged to take the proceeds of the sale tax efficiently, spread over two years, part as service charges etc.

[5huu] 03/8/2017 08:40

Now more greedy fat cat directors to feed, a CEO who has no genuine interest in shareholder value and dilution & consolidation on the way. The level of buying and selling tells you all you need to know.

[goldenshare888] 03/8/2017 08:24

I agree and forecast this to at least double by Oct/Nov!

:))

[tadtech] 03/8/2017 08:11

Treasury at £6m far better than I thought.

With Crusader cutting costs with the sale of the loss making Posse mine the new company will be very well funded.

Some are finally waking up to the chronic undervaluation.

[broken_arrow1] 03/8/2017 07:44

Confirmed cash position 30th June £6m, current market cap £5.75m

Stakes in Thani-Stratex (worth about £4.5m on IPO ?) Goldstone Res + various marginal/saleable projects all in for zilch!

Significant value creation available post merger with Crusader, 2.7m oz gold resource + near term production etc

Why I have been filling boots when they will let me

M/cap should be multiples higher & will be

[sicilian_kan] 03/8/2017 07:26

Yes, but they have expenses of £1.5m for just 6 months, which also has to be borne in mind.

[supercity] 03/8/2017 07:05

There we have it - current Cash is higher than the market cap

[romeike] 02/8/2017 09:55

There is little point buying in pre-deal and suffering dilution. Let's not pretend the Crusader guys aren't getting by far the better side in this deal. They stand to make immediate gains on their current situation (I accept many are currently likely to hold large losses) but us at Stratex are looking for strong investor interest / decent share price movements post-deal to simply recover lost value.

[tadtech] 02/8/2017 09:42

Stratex have arrived on Twitter!

Looking at the media folks they are following I think poor PR will be a thing of the past once the merger completes.

[romeike] 02/8/2017 09:38

Aussiebeach - you're about as Australian as my Sony X Compact, but I agree it is a good deal in that it shows they are serious about focusing on the gold mines. The price isn't that unexpected, the mine potentially has a long operational life and commodity prices are volatile, loss making today could quickly become lucrative.

[goldenshare888] 02/8/2017 09:34

So why not a buy at 1.3p then?

[broken_arrow1] 02/8/2017 09:10

Dam pleased over that disposal, brings in another £2m to add to the £6m Stratex treasury and cuts the merged groups cost significantly.

Confirm cannot get any shares, was limit in for 500k @ 1.25p but no deal.

This is heading back to the 2p's