Stratex Share Discussion Threads

[romeike] 18/9/2017 23:31

I would if I was a subscriber but I'm not and I don't really like their content.

[exbiz] 18/9/2017 22:50

Any chance of copy and pasting the article or perhaps giving us a gist

[romeike] 18/9/2017 17:53

Shareprophets wrote an opinion piece on the goings on at stratex. Paid subscribers only.

[youngharry2] 18/9/2017 09:29

Marcus's deals: sold Altintepe for too low a price, proposed a reverse valuing STI's shares too cheaply. Result? STI share price has slumped since he took hold of the wheel.

Perhaps shareholders should have a whip round and buy Marcus a suitcase and bike.

[goldenshare888] 18/9/2017 08:21

A stranded asset c 1gpt with $100 million capital requirement is worth zilch in my book.

Any MORON can do deals by paying over the odds!!

Jeez - back to school boys!

[romeike] 18/9/2017 08:16

It is funny they should want a trading halt on a share that for the most part has a daily trading volume of ZERO

[goldenshare888] 18/9/2017 08:05

Stratex must surely be a prime takeover target now:

Anglogold?

Teck?

Thani?

:)))

[goldenshare888] 18/9/2017 07:55

Crusader life support could be switched off soon.

Stratex looking much healthier now.

[tadtech] 18/9/2017 07:50

Crusader have requested a Trading Halt on the ASX overnight pending an announcement, media reports suggest it is due to the recent news from Stratex.

[corguv] 18/9/2017 07:31

Teck Resources for example has no direct interest in Thani/Stratex they just hold a a residue interest in Stratex. They have no axe to grind and their best interests are in line with Stratex shareholders best interests I think.
Sharehless Englebrecht on the other hand flogged Altintepe cheap very cheap.

[exbiz] 18/9/2017 07:18

Fair point Glib, however the IPO talk has gone a bit quiet since the results of recent drill program so perhaps they are seeking to get in another drill prog before generating interest in a listing and pushing the value of the ipo higher up the value curve with a much increased JORC. They could certainly use STI cash for that purpose. Being a little sceptical myself I would question who it was exactly who fairly recently forced out Bob et al and parachuted in Engelbrecht, weren't we told that this was caused by pressure from major shareholders and of course now we see action by major shareholders to jettison Engelbrecht. I'm certainly not against this action but as Glib says, until we know what their proposal is there's nothing to get too carried away about. I'm still expecting a fairly robust share price performance this week as entities seek to bolster their positions possibly.

[glibgibon] 18/9/2017 03:47

I seriously doubt that the action being taken against the BOD is being done for the benefit of shareholders. Anglo and Tech will be doing what is best for their own position and shareholders - if it benefits us then it is a side effect rather than the primary aim.

The CEO and CFO of Thanistratex seem to be very keen on us not spending our money elsewhere. If they are about to do an IPO then why is that an issue? Are they not about to get a large investment to develop those drilling sites?

We have no idea what is being proposed for Stratex and people are already intending to vote. Just because the Crusader deal is unpopular or even poor value does not mean we are being offered anything better. With 2 of TS' board members on our board and 122m votes held by rival mining companies, will they be looking to use Stratex as a cash cow so that they can take over the TS position when we have been bled dry?

Just another take on the power play going on here. Without any information we are not able to determine which option will lead to the best future for Stratex. It may be that neither option is favourable to existing shareholders - or have I been investing in AIM shares for too long?

[romeike] 17/9/2017 22:39

I'm more interested in how many shares you have and if you will be supporting the requisition shareholders to be honest...

Even if we have 50 million votes between us that isn't enough.

[youngharry2] 17/9/2017 16:52

Finding a buyer was always going to be in shareholders' best interests, that is why the deal will be rejected and the BoD will need to resign.

[tadtech] 17/9/2017 16:37

5huu

I have no interest in what you or anyone else thinks. I make my own decisions and have, unlike the majority of company bashers here, spent considerable time speaking to Stratex under both Bob Foster and the new CEO. Every time I reported back via THIS bulletin board my comments were met with derision from the usual names. I only reported back what I was told at the said time.

All of the events where Stratex management have attended (mostly Proactive) I have only met ONE other shareholder. I am also convinced that un-validated 'names' here opened numerous accounts to bash.

I have not 'supported' the deal as you put it. I have been most vocal to the CEO via both email and in person over how poor it was, however, it looked like it was going to succeed so I started to look at the very few positives recently.

As a paid up ADVFN subscriber I can ban who I like, indeed it is possible to make bulletin boards accessible to paid up subscribers only. I decided against that but have done that in the past.

I will not engage over this topic again.

[tadtech] 17/9/2017 16:17

To stop the deal, according to the terms of the Scheme Deed, a simple majority of Stratex shareholders is necessary at the meeting. With 467.3m in issue that means 234m shares are needed, Teck and Anglo have 112m, that means another 122m are required.

[5huu] 17/9/2017 16:12

Tadtech, you need to hold your head in shame for banning long standing holders here from posting on your board just because they vented their dissapointment at the Altintepe sale and the proposed Crusader deal. A deal that you've supported since its announcement and now one you seem to have u-turned on yourself In light of these developments.All these bulletin boards operate best when people can post opposing views.

[tadtech] 17/9/2017 16:02

Has anyone noticed the large 1m+ trades that are starting to occur, hopefully the buyers are friendly entities.

Stratex paper has to be worth 2.25p-2.5p right now (values the company at circa £10m) yet it can be bought in the market at 1.3p. Cash at the time of the August presentation was stated at £6m.

It is essential that every shareholder votes their holding regardless, I would imagine the special meeting could occur in around 4 to 6 weeks time. If your stock is held in a nominee account you should be notified by your bank or broker.

[romeike] 17/9/2017 13:29

So long as you are the shareholder yes you can but you need to liaise with the broker to find out how to place your vote.

[flavio_monteiro] 17/9/2017 12:37

Can we vote having shares held in a nominee account?