Stratex Share Discussion Threads

[falia] 20/9/2017 10:30

GUYS CHECK TYRU OUT, BEEN RISING FROM LOWS, ABOUT TO LIFT OFF, NO STOCK AVAILABLE

[romeike] 20/9/2017 10:04

One assumes that a sensible but relatively boring merger with Thani Stratex might have produced shareholder value but isn't really the sort of stuff that justifies an over-inflated CEO incentive plan. Perhaps if Marcus actually held shares in the company he manages he would think differently.

Marcus has a lot to answer for. It is now 8 months or more since we received that cash. We could have completed a merger with Thani Stratex and not had Emma Priestly running around seeking alternative sources of funding for Goldstone. All he has done is wasted money on expensive advisers and loans to a company he only first met weeks before.

Stratex shareholders should be rightly concerned about what amount of cash that might be left over once Marcus leaves the building, certainly up to a sixth of our capital will have been WASTED.

[romeike] 20/9/2017 10:00

I am very confident that requisition shareholders proposals will be supported because I believe all top seven will vote that way, needing only a further approx 9% of shareholders to support the requisition assuming no abstentions.

At the same time, who is actually voting FOR the deal? Certainly not directors as the have almost no shares.

[5huu] 20/9/2017 09:14

Very true Tad, they re-rate and multi-bag whilst the herd move in, but then most tend to slip down again as people realise just how much cash & subsequent dilution is required to move from Exploration to Production. Hence why some may here were disappointed with the long awaited Altintepe outcome.

I believe this share will trade around cash value for the foreseeable. Any upside form the Crusader deal should by now be priced in, but it's not, so that's what the market thinks of the deal. The Crusader share price tells you all you need to know too.

My fear is if the requisition fails, that Teck & AA will dump their holding, which could be catastrophic for the share price given the liquidity.

[goldenshare888] 20/9/2017 09:12

Yes, what a steaming hole next to a $100 million pile of Brazilian dirt!

[steve1905] 20/9/2017 09:10

Tad, I know you are unable to accept criticism, but please take a look at your posts. You were lording the deal you now rubbish

[steve1905] 20/9/2017 09:06

What an absolute fairy tale from Stratex. They use that word 'accretion' again - as if the shareholders are used to a share of the spoils. They sold of Altintepe for a song, with out so much as a an explanation of the cause or reason. A little later Englebrecht tells us he first met Crusader director and within two weeks he comes up with this rotten deal. I have little respect for any director here, they have shown no aptitude for the job - I wouldn't pay them in washers. If I had a share to vote it wouldn't be for the incumbents

[corguv] 20/9/2017 09:02

Yes Romeike and those largest shareholders include highly respected mining companies
with the expertise to decide they want nothing to do with the hulk of a Crusader deal.

[tadtech] 20/9/2017 09:02

Fact is there are numerous sub £5m m/cap junior explorers who re-rate, sometimes multi bag on exploration success, these do not have £5m odd in the bank either. I know because have profited from some them.

Things have moved on, the deal looked like it would proceed, but now we have powerful shareholders who hopefully will stop it.

The arguments Stratex board put in favour are wafer thin verses the negatives, note they say nothing about the dilution, the high salaries, the poor financial position of CAS, the £1.25m CAS is expecting from Stratex shortly - adding to the already loaned £600k, how they intend to raise the $100m to fund mine development, country risk, etc etc.

I would rather see 467m shares in issue than 2.5 billion.

[goldenshare888] 20/9/2017 08:55

I would expect Thani to take control above any other scenario.

Bodes well in my view.

[bastiat79] 20/9/2017 08:55

I admire your resolve. Good luck whichever way it goes.

[goldenshare888] 20/9/2017 08:38

Anglogold, Teck & Thani + an army of disgruntled private investors.

vs Stratex board (with hardly any shares to their name)



LOL

[exbiz] 20/9/2017 08:26

Bastiat Crusaders projects may well turn out to be good but the simple fact of the matter is the price we are being asked to pay is way to high, and furthermore our assets including JORC discoveries in Ghana and Egypt are valued at precisely zero whilst Crusaders are valued so high placing huge dilution upon Stratex shareholders. Why then when we already have our discoveries for free would we vote for massive dilution and value destruction. It's a simple choice really do we vote to keep our prospects and assets including circa £6 million with the prospect of further exciting drill returns at Anrabat and also a gold operation at Goldstone which could in fact make returns before Borborema or do we take a punt on giving it all up on the chance that Borborema can be permitted and constructed and start producing gold in 2-4 years time with what is not huge margins. Whilst the directors take no risk and gain high wages and easy options.

[goldenshare888] 20/9/2017 08:12

Crusader has a potential black hole in Brazil, which will cost c $100 MILLION to fund apparently. It is not really a screaming buy, is it?!!!

The arrogance of Stratex directors is about to be rewarded.

[romeike] 20/9/2017 08:06

If the deal had not been so extreme in overvaluing Crudader while simultaneously undervaluing Stratex perhaps no one would have cared. But shareholder have a funny way of not liking being taken for a ride.

Look at Crusader right now, a potential 80% upside and NO ONE IS BUYING. Tells you everything you need to know.

[bastiat79] 20/9/2017 04:48

What have thani-stratex got that makes them a better option than Crusader? Stratex would be a lot longer way off mining compared to a merger with Crusader. Crusader has Borborema 1.7 million ounces of gold. Before you say the grade is low have a look at David Halls profile which the first paragraph trumpets his exploration of the La Colosa gold deposit in Columbia which is lower grade than Borborema! Seems some people need to understand open pit mining with facilities and skilled workers on their doorstep is better than highly speculative resources located between Eritreia and Ethiopia. This is a golden deal for both Stratex and Crusader. Funny the takeover is being arranged by those who will lose should the deal go ahead and want to put themselves in Engelbrechts place. Have a look at the facts as they stand and not blind emotion. I understand if you have been taken advantage of as a shareholder but the crusader deal is a big opportunity for both sets of shareholders. Don't forget 20% of crusader is owned by one of our directors who has an incentive to get return on his investment.

[shoggoth] 20/9/2017 00:53

I would pay attention to the views of people who have money invested in this company, over people who haven't. The big problem with Stratex has been management who have not acted in their fiduciary duty to shareholders. This cannot be allowed to continue.

[glibgibon] 20/9/2017 00:03

I can just picture it. The Crusader deal gets rejected because shareholders think they are overpaying. ThaniStratex tries to get us to agree to a merger, but the shareholders don't want to be just a cash cow and feel we are being valued at only cash value. Everyone then acts surprised when ThaniStratex makes a cashcall for further exploration and doesn't go ahead with their IPO (to generate a larger resource base). As Stratex has no income stream we are faced with placings so our share price falls or our holdings in ThaniStratex are diluted as we are unable to meet subsequent payments.

Or am I just being cynical? If anyone has a silver lining, let us know.

[tadtech] 19/9/2017 23:39

exbiz

It was Christopher Hall that brought him in. He said in a Proactive interview that he had known him a long time.