Stratex Share Discussion Threads

[romeike] 02/11/2017 22:27

Guys, the more the delay in an announcement goes on I think the less likely we are to see the board comply. We need to be ready for more nonsense as it's very possible we still have a fight on our hands here.

[shoggoth] 02/11/2017 21:31

Yep Addison needs to make way, his position at the moment is untenable.

[tadtech] 02/11/2017 16:01

According to the Crusader announcement made last night they say they have not heard from Stratex, they stated in their update they expect the suspension to be lifted, at the latest, Monday.

I would suggest news may come tonight from them or at the very latest Monday.

There is nothing much for the Stratex board to consider, had it not been for the very strange and suspicious about turn by Anglogold the board would have lost all resolutions heavily.

I fear the company is being influenced by it's advisors, who may not have interests aligned to shareholders, at the meeting they were answering questions addressed to the Chair, the people answering the questions were not introduced to the floor either.

Nothing short of an RNS tomorrow will be satisfactory in my view.

[romeike] 02/11/2017 15:20

There isn't a lot to consider really. PA needs to step down and invite Paul and/or David to the board and give them access to the accounts so shareholders can find out just how much can be salvaged from this mess Marcus caused.

[shoggoth] 02/11/2017 12:51

Their resignation I hope. The last 5 years have been a disaster. Time to give it up and let someone who knows something about exploration have a go.

[shortarm] 02/11/2017 12:40

Blanket reply that one......

[romeike] 02/11/2017 12:24

Received reply from Claire to say that an announcement will be made in due course and the board still has a lot to consider.

[shoggoth] 02/11/2017 12:21

If only David had stepped in before Bob had got any inkling of diversifying from Turkey.

[romeike] 02/11/2017 12:00

No, I don't think he is entitled to severance, board positions are high pay, high risk, not standard employees as such. He was voted out. He's gone.

[tightfist] 02/11/2017 11:29

I echo much of the sentiment here, yesterday was a powerful PI step forward (the most critical short term resolutions were passed) but it's a job half done, and unless the Chairman heeds the warning signs, or further effective action is taken, we are going to be bitterly disappointed.I see every reason to support speedy appointments of Foord/D Hall before further damage to OUR finances and prospects. eg Interesting speculation yesterday on managing Marcus' severance package.....(Yes, we need to maximise recovery of the Crusader loan but) the focus needs to be on getting the STI show on the right road going forward. IMHO we need to stick together and not become complacent, tightfist

[romeike] 02/11/2017 11:27

I just want people here, and myself to see a return on our investment

[goldenshare888] 02/11/2017 11:22

romeike for CEO.......

[goldenshare888] 02/11/2017 11:21

romeike,

Keep up the good work/pressure, you have strong shareholder support for your logical views.

Best regards,

golden

[romeike] 02/11/2017 11:19

I'll send to you on pm

[shortarm] 02/11/2017 11:15

Rome, what exactly did Peter say?Hasn't replied to me.....

[romeike] 02/11/2017 11:08

Extract from share price Angel report (just the conclusion)

Conclusion: Shareholders won an important victory yesterday in voting out a deal that was not in their best interests. The board now needs to call in loans advanced to Crusader Resources. While this may lead to the liquidation of Crusader we expect the loans to have been secured on the underlying assets and for the potential sale of Crusader assets to be sufficient to repay the cash advanced by Stratex. We believe cancelling the Crusader deal will recuperate valuable cash and preserve funds for more appropriate investment as well as avoiding onerous fees which we believe would have run to an estimated $3-4m.

[romeike] 02/11/2017 11:00

I wrote to Claire again today, I think she must be really fed up of me by now. I urged the board to provide an update today as shareholders expect a response from the company.

After all, they held a very long meeting yesterday and yet no announcement has been made this morning. I can only hope they are currently in discussions with David and Paul but based on my response from Peter yesterday evening I doubt it.

[romeike] 02/11/2017 10:54

Unfortunately he seems to think he's won a great victory.

[charles clore] 02/11/2017 10:52

Meanwhile, admin costs continue to rise. Nice work if you can get it!

[corguv] 02/11/2017 10:51

Agreed Tadtech the majority of shareholders voted for the Requisition. There can be no doubt in Stratex BOD minds about that. It is their ethical duty for the Chairman to stand aside without delay and for Paul and David to be appointed.

Not to do that would show them to have no Ethics, no Principles, no common sense and to face an even larger revolt from the shareholders dragging them down into the gutter. They can go with honour intact now or in disgrace later.

All imo etc.

[russman] 02/11/2017 10:47

The Chairman should take responsibility.

[tadtech] 02/11/2017 09:48

I have to say that I do not like the company advisors, they are not appropriate for a small junior AIM outfit, since they have been in place the share price has halved and they have introduced no new investors into the company as far as I can see.

The company needs to appoint advisors more appropriate, advisors who know the junior resource space, who have clients that they could steer towards investing in Stratex.

If the company refuses to appoint Paul and David and allow the Thani merger then another meeting should be called ASAP.

I am not interested in other deals, we have an excellent proposition already.