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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 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
24/10/2017 22:35 | News article in City AM, notably more balanced than Proactive Investors coverage hppp://www.cityam.co | romeike | |
24/10/2017 18:03 | I do not see unwinding of the Crusader deal to be too messy, it is clear the £1.25m loan + interest is to be repaid, at the latest, 6 months after the deal is stopped, subject to the result of next weeks meeting. They are hardly likely to go bust if the deal does not complete but would need to raise equity in the market. Clearly it would be at a heavy discount. Perhaps Stephen Copulos will advance them funds, he owns 20% of their stock and is a very wealthy man. One wonders what the NOMAD was doing allowing the 2nd loan of A$1m in the face of very significant objections from major shareholders. | tadtech | |
24/10/2017 17:41 | The worrying thing now is just what kind of state he will leave the company and its finances. He's so clearly committed to the Crusader deal so the unwinding of the financial aspects is likely to be very messy. What a difference a year makes........ | 5huu | |
24/10/2017 15:38 | corguv,Yes, that seems to be the long-and-short of it. Despicable seems an appropriate description of their antics!Cheers, tightfist | tightfist | |
24/10/2017 14:43 | So it seems the company were saying they would pay the proxy fees IF shareholders voted against the Resolutions ! Now having been exposed it was just a mistake and suddenly Stratex will generously cough up out of Stratex cash all proxy fees ? In over 50 years being both LTD and PLC director I have never seen such a despicable string of events perpetrated by a Board of Directors. | corguv | |
24/10/2017 14:28 | Short arm,The proxy agent CMi2i has just advised me there was a "misunderstanding" and that the company will now be paying nominee proxy fees regardless of which way I/we vote.That sounds better..... After next Wednesday I may still be thinking that the whole exercise has been a massive waste of shareholders' funds! And directors time and attention.....Cheers | tightfist | |
24/10/2017 13:57 | That has to be illegal surely!!!Keep that email..... | shortarm | |
24/10/2017 13:54 | Romeike,Many thanks for the link to NEWSTRAT.CO.UK. The objections and proposals make very sensible and succinct reading.Time to vote, and put the £40 broker proxy fee into context. Live to fight another day and maybe one day I will make some money out of STI!Cheers, tightfist | tightfist | |
24/10/2017 13:42 | Yes Flávio, it seems monstrous to me and has definitely made my mind up on how to vote. I will not be manipulated - end of! | tightfist | |
24/10/2017 13:36 | SO they are going to use shareholders funds to buy votes!!!!! | flavio_monteiro | |
24/10/2017 13:36 | @Tightfist - parts of the plan were unfortunately leaked to someone in Marcus' team prior to publication, the five year plan will be published on the newstrat website shortly. www.newstrat.co.uk. | romeike | |
24/10/2017 13:33 | - STI have offered to pay that £40 on my behalf I am not sure that is even legal Worth pointing out that the £40 is likely a small fraction of the value that will be lost if Marcus gets his way. | romeike | |
24/10/2017 13:33 | @Buggy - How does this voting work? Let us be clear the requisition shareholders have forced a General Meeting where they are putting forward five Ordinary Resolutions. These are voted on and the outcome of each Ordinary Resolution is decided by the side achieving 51% (simple majority) OF THE VOTES CAST ON THE DAY in the case of that resolution. So lets say for Resolution A, 48% of Total Shareholders votes FOR 12% of Total Shareholders votes AGAINST 40% of Total Shareholders don't vote FOR wins. | romeike | |
24/10/2017 13:19 | Getting desperate?!My shares are across two nominee accounts and my broker is going to charge me £40 total for the proxy voting admin. HOWEVER, STI have offered to pay that £40 on my behalf IF I vote against the resolutions. Does that feel like votes being bought? tightfist | tightfist | |
24/10/2017 12:57 | Hi All I would like to interpret the Requistioners Plan for myself rather than rely on STI's self-interested commentary. Any info please on where I can access that Plan.Thanks, tightfist | tightfist | |
24/10/2017 12:06 | Hi Folks, how does this voting work? Is it just 51% of votes for the motion to pass or is it 75% of votes. Again is it %age of shares on issue or %age of votes cast? | buggy | |
24/10/2017 11:56 | Thani Stratex Disturbing nay Absolutely Appalling that Englebrecht the CEO playing his disgracefull unethical personal games in a supposed and inaccurate Stratex RNS demeans and devalues Stratex own company’s assets, to pursue his rip off of Stratex assets Eg Cash, Altintepe, GRL to desperately to try to prop up cashless Crusader a company that he grossly overvalued For his own and not Stratex shareholders benefit ? A complete stinker imo | corguv | |
24/10/2017 10:31 | - acquiring production assets There is a big difference between a low-risk, cash-flow positive activity like re-processing tailings and aquiring an insolvent company for $50 million. It might be the kind of work Marcus thinks is beneath him. It might not involve massive director bonus plans. It is good for shareholders though. - expansion into base metals With copper and zinc prices now rising it makes sense to consider low risk, small scale opportunities that may return cash to shareholders and help pay for gold exploration. -Thani Stratex’s exploration programme Disturbing that Stratex would choose to deride these assets that are clearly the best within the Stratex portfolio. -cut overheads Clearly this refers to cost synergies across the combined entity not just from Stratex itself. Not many would disagree that Stratex overheads have been inexplicably high for far too long with little to show for it. A $2-$3 million cut is a necessary demand that has come from shareholders themselves. | romeike | |
24/10/2017 10:24 | There should be quite a rally in the share price if the merger fails, the market is pricing in huge dilution, something like 2b shares, paying over the odds for a company with no cash with excessive overheads and having to raise another $100m The New Stratex will have the backing of Anglogold and Teck and maybe Blackrock + far lower overheads and the addition of Thani Stratex assets I would guess. I cannot wait for this sorry tale to end, only 1 week to go. | observer007 | |
24/10/2017 09:26 | Marcus represents himself and his mates at Crusader he wants to be the next king of Brazil, walking over the spent cash, projects and interests of all Stratex shareholders. | corguv | |
24/10/2017 09:10 | Marcus acting all high and mighty about closing the UK and Turkish office, when it is reasonably certain he would have closed the Turkish office himself. | romeike | |
24/10/2017 09:05 | A major piece of the plan they are missing is that New Stratex can expect to pick up work from AngloGold and Teck. This is why it's better to have major institutions on your side instead of trying to steal their capital. | romeike | |
24/10/2017 09:04 | I emailed him to let him know that we're aware maths isn't his strong point but it's definitely getting worse!!! | shortarm | |
24/10/2017 08:52 | Quite astounded that management seem to think that the Requistioning party having a solid business plan to take the business forward is a bad thing. That probably says all you need to know about the present managements business acumen. Yet again an runs released with inaccuracies and misleading information. The savings put forward in the newstrat business plan is for admin and board savings across TS and STI quite clearly. To also slate Newstrat for having plans for a quick move to production to generate income to cover admin and drill programmes has completely pulled the rug from under Engelfecht who will take 3 or more years to even start production in Brazil, and that's only if the fs and full mining licences allows, all the while we are expected to suck up huge and ongoing dilution to pay fat exec salaries and admin which will balloon under Stratex International Crusader. | exbiz |
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