Stratex Share Discussion Threads

[tadtech] 31/10/2017 09:37

It is clear that Stratex have been 'working' the large shareholders, they said as much during one of the Proactive interviews.

The question that is essential is if stakes are changing hands what are the prices being paid, the NOMAD should be active in this respect but so far they seem dormant.

It is a material matter for a 10% stake to change hands, usually the price is declared, but not today.

I wonder what Peter Gyllenhammer thinks about all of this, he has around 4%

[tightfist] 31/10/2017 09:02

(Romike, it doesn't matter much today, but my recollection is that Marcus relocated permanently with his family from Eastern Aus. to the Southampton Area).Lots of intrigue and shenanigans in the run-up to tomorrow; I wonder what other RNS' may flow before 9:30 tomorrow?In the event, my 0.13% holding may actually be worth counting!Cheers, tightfist

[5huu] 31/10/2017 09:02

Agreed Rom, the difference between the two is significant.But then there's being hit by the beach ball and NOT. 7 ish hours or so for those to decide what "hit" they are prepared for.

[romeike] 31/10/2017 08:50

Comparing the levels of dilution between the crusader scam and the tsr merger is like comparing being hit by a lorry and a beach ball.

[5huu] 31/10/2017 08:44

As SK quite rightly points out the dilution in BOTH scenarios is significant. But add to that potential sellers after the vote and the real risk that this crook of a CEO is giving away assets and funds, this has AVOID written all over it. If it was a new share you were looking at for the first time, you just wouldn't touch it with a barge pole.

[goldenshare888] 31/10/2017 08:44

Crusader looks dead in the water without Stratex deal & cash.

I imagine a last-minute panic buying spree is going on behind the scenes.

As usual long-term private shareholders not benefitting.

[romeike] 31/10/2017 08:40

Whatever premium was paid to Anglo you can guarantee that ultimately it will be stratex shareholders that will be footing the bill for it. We can only hope that others have more backbone and the requisition shareholders still come out with a majority.

[tadtech] 31/10/2017 08:40

Crusader shares are now suspended on the ASX

[corguv] 31/10/2017 08:33

Anglo pulled out of the MENA region 2 or 3 years ago as strategic policy and to a company their size Stratex holding was/is tiny.

[5huu] 31/10/2017 08:32

Indeed Juju. This company had so much upside potential one year ago. What a difference a year makes.

[juju44] 31/10/2017 08:16

More devious trickery going on here .What a bunch of crooks

[tadtech] 31/10/2017 08:15

Well SK you sure don't hold now but you once did and at far far higher levels, you have clearly lost significant money in Stratex. My commiserations.

Some of us here are in at 1.5p-2p, whichever way the vote goes there is hope that the share price will recover to those levels at some point in the future.

It is very interesting that a large block is changing hands at the last moment before the meeting, I suspect a premium was paid for the Ashanti stake, if so the question is how much?

[5huu] 31/10/2017 08:07

I'm with you on that SK. With the vote getting more balanced, one thing is certain, a lot of shares will be changing hands at some point after the vote. Wether they ever hit the market is not a given, but I can't see 1p holding in either scenario.

[sicilian_kan] 31/10/2017 07:56

One point. However bad the Crusader deal is, I remain of the view that the alternative proposal is equally bad. Stratex have spent many millions in East Africa over many years. What do they have to show for it? A 30% stake in some projects that remain very early stage and which need a large amount of funding?

Glad am not invested here.

[tadtech] 31/10/2017 07:55

Daniel Martin Green seems to be behind a plethora of companies some linked to very wealthy entities.


The combined cash at bank value for all businesses where DANIEL holds a current appointment equals £4.7m, a combined total current assets value of £76.4m with a total current liabilities of £78.5m and a total current net worth of £-2.6m. Roles associated with Mr Daniel Martin Green within the recorded businesses include: Director, Llp Designated Member





Interesting that Stratex suggest it is aware that talks with other shareholders are ongoing. Has a white knight arrived I wonder?

[buggy] 31/10/2017 07:51

Incidentally, AGA is not voting for Marcus, they no longer have a stake.
They have however transferred their right to vote to the new owner of the shares who have committed those shares to vote for Marcus.

[sicilian_kan] 31/10/2017 07:50

Looks to be a HNWI with a non-mining background.

- Preston Road Limited is owned by Apple Properties US Limited.
- Apple Properties US Limited is owned by Daniel Martin Green (dob October 1966)
- This is a different Daniel Green to Daniel Green Wealth Management Limited
- Looking at the other companies he has been involved in, DMG seems was a director of Flowgem Limited which was sold to Centrica in 2016 for £13m. The owner of that company is Sharon Green, who has the same contact address as him at Companies House. I suspect is a spouse.
- Other companies DMG appears to be interested in include other green energy companies as well as property management companies (for personal wealth?).

In short, I have not tracked any connection to mining yet and suspect he is just a HNWI wanting exposure to Stratex.

[buggy] 31/10/2017 07:48

We will see a couple of directors appointed from the new buyers if Marcus wins. Pretty sure Ashanti got above market prices for their shares.
Now who is behind the buying company? If I am being a conspiracy theorist I would be thinking that the key guy in Crusader is wealthy enough to buy up shares to influence the vote, nothing illegal about this as he is entitled to buy shares in STI just as I am entitled to buy shares in Crusader. He has been bankrolling Crusader for a while and if this deal is voted out then Crusader is sunk.
Just one of those conspiracy theory which as per normal conspiracy theory has no foundation. [ If I was in his shoes that is exactly what I will be doing, that is not to say that he is doing or has done this]

[shavian] 31/10/2017 07:39

Tad: and one of them resigned the same day.Two questions:- who are these people? - seeing as AGA has sold its entire shareholding, how come it can still vote for Marcus?

[pbj] 31/10/2017 07:36

Could someone explain how AGA can still vote if they have sold their entire holding
or am I reading the rns wrong, or is the rns wrong!

[tadtech] 31/10/2017 07:33

Something very fishy about this, surely the price paid should be declared, so AngloGold Ashanti sell their entire stake to a company formed in August 2017 to two totally unknown directors, neither involved in the mining business as far I I can see.

[shoggoth] 31/10/2017 07:27

Someone made an offer they cpuldnt refuse. Someone wants control of something badly.

[goldenshare888] 31/10/2017 07:18

So Marcus et al still only have c 23% support, even with Anglo throwing in the towel!

With 63% of votes cast I think it looks like this:

c 40% FOR THE RESOLUTIONS

c 23% AGAINST


It does not look good for Marcus currently.......

:))