Stratex Share Discussion Threads

[steve1905] 20/11/2017 09:03

I remember in a BRR interview, Englebrecht, just after the Crusader announcement, suggested he had only met the directors of Crusader two weeks earlier. All seems very fishy to me.

[5huu] 20/11/2017 08:54

Get ready for him to serve his full revenge by defaulting on the loans.

[corguv] 20/11/2017 08:53

Englebrecht and Hannam floating Crusader on the Aim. What a stitch up Stratex shareholders were being put through the wringer by this unsavoury pair.
Lest we forget the Stratex non exec Chairman was also totally complicit.

[romeike] 20/11/2017 08:49

Never understood why they wanted a listing on AIM at a time when various AIM listed miners are actively moving their listing to Canada or Australia.

If their new approach is sooo much better, one wonders why they wanted to be bought in the first place.

Funny how none of us even have to read the second section before guessing who the 'new advisors' are.

[shoggoth] 20/11/2017 08:38

The ASX is one of the most generous to mining and exploration ventures. Investors throw money at risky assets. It is telling that CAS cannot raise any more in Australia and they have to find a new audience. Good luck to them.

[goldenshare888] 20/11/2017 08:08

I imagine Crusader directors will want to get any/all loans they have made to Crusader, paid back ASAP!! AIM listing could be the answer they need and what they wanted STratex for I feel.

[goldenshare888] 20/11/2017 08:03

Yes, as long as our loans are paid back I do not care how much Crusader raise/dilute!

I think Crusader will be very lucky to survive for more than 12 months!

[the stigologist] 20/11/2017 08:03

A listing with any dilution means loan more likely to be repaid?

[goldenshare888] 20/11/2017 08:02

I think Crusader will be very lucky to survive for more than 12 months!

[goldenshare888] 20/11/2017 08:01

As long as Engleberk's huge salary is not being paid by Stratex shareholders, I am happy.

[tadtech] 20/11/2017 07:54

No surprise at all, greeted on the ASX with Crusader shares falling to an all time low.

They are skint, burning A$1m a month, with A$3m debt.

Their shareholders can look forward to imminent dilution, probably need to raise A$5m to keep the lights on, repay debt, then the small matter of $100m mine build with associated risks.

Thank heavens Stratex shareholders stopped the deal.

[goldenshare888] 20/11/2017 07:43

Was he not "working" for Crusader anyway?

Looks like another black hole wanting to list on AIM to me!!

AVOID

[the stigologist] 19/11/2017 23:22

o/t


Engelbracht joining Crusader to list on AIM

[romeike] 17/11/2017 11:36

We may see some developments next week. Fingers crossed. Have a good weekend guys.

[steve1905] 17/11/2017 09:02

The good ol' boys still collecting their salaries. Probably trying to devise a way to drain the last of the cash. What a complete shambles, the only glimmer seems to be this outfit who have been adding.
Every prospect of losing the lot here, with very little perceivable upside.

[goldenshare888] 16/11/2017 12:33

Boarding Party........?

[observer007] 16/11/2017 11:40

Who would have thought it would be so quiet on social media given recent events?

Is this the lull before the storm I wonder?

What will be the requisition parties next move?

[observer007] 15/11/2017 09:28

We need something like this again, another GM, reworded from Metal Tiger's RNS today....


Stratex shareholders believe that STI is in urgent need of board renewal.

The incumbent board has overseen a massive destruction of shareholder value and failed to articulate a clear strategy going forward.

Stratex investors share the view that they are not the right team to lead STI in its current situation.

[juju44] 14/11/2017 21:56

Agree but moaning on this board wont do it. Can't believe PG and the rebel group dont have a plan or wont devise one in a hurry - its their money too

[corguv] 14/11/2017 19:13

Excellent posts. Both possible.
Whilst Exbiz view may be correct.
It is surely beholden on all shareholders to assume the worst (or even worse with Hannam around) ? Thus pressure the dysfunctional existing Stratex Board to
rid the Company of PA as complicit in disgraceful actions and loans. And to get on with the wishes of the Requisition team and shareholders. We must keep the pressure on imo

[juju44] 14/11/2017 19:03

I doubt that Bob is still fit to sign at the bottom of the page

[exbiz] 14/11/2017 18:59

Tad I'm quite sure that there is plenty going on behind the scenes now. PG obviously sees something in this car crash of a business and I would suggest he has been in contact with ThanIStratex, and Bob and Dave are quite thick having worked together at Stratex for a number of years but unfortunately they are not likely to conduct discussions in public. Halfwit PA has to go for sure and it does seem odd that Foorde and Hall weren't asked to join the board as was clearly what voters wanted. I do therefore ponder if this a deliberate exercise because a merger is presumably now a forgone conclusion and having Foorde or Hall on the Stratex board could have been seen as them having a foot in both camps, and hence why Doddery Bob was wheeled back in to smooth discussions and a merger transition ??