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
  -0.01p -2.70% 0.36p 0.35p 0.37p 0.37p 0.36p 0.37p 1,134,105 10:01:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -4.7 -1.1 - 2.53

Stratex Share Discussion Threads

Showing 34526 to 34542 of 35150 messages
Chat Pages: Latest  1382  1381  1380  1379  1378  1377  1376  1375  1374  1373  1372  1371  Older
DateSubjectAuthorDiscuss
21/11/2017
10:27
@romeike, Personally I have not had a look under the bonnet so cannot comment. However if the share was trading at about 14cents and it was offered to me at 7cent, and valuing STI at what I considered to be it's true value,( cash plus sum total of all the assets plus the value of stock market listing), I would not object. I will then expect our management to look under the bonnet during due diligence to check if there is anything on towards. On the face of it however I will not have had an objection on the deal in principle and then the management can do their bit. I did not have a look under Crusader bonnet so can't comment on quality of assets, but I was against the deal on the off purely based on the valuation attributed to respective companies.
buggy
21/11/2017
10:13
@ Buggy - I certainly would object to the Crusader deal at that price, the Crusader assets are complete trash as revealed by a close look at the way their strategy has gone over the last few years, focusing first on Borborema, then deciding that Juruena was the big one, then changing their minds again and declaring Borborema was again the focus, meanwhile going way off piste with an Iron Ore mine. There is something very fishy about that company - I don't know what they might be keeping from CAS shareholders but I don't think it is good news - the lack of a BFS after all this time is very concerning - and certainly it would be something requiring $100 million to fix. It just strikes me that the directors there are playing a good game, getting fresh investors in all the while drawing huge salaries and going back to the market every year for yet another capital raising, diluting the hell out of the shareholders to keep the wagon on the road. My guess is that this whole thing with Stratex came about because they realised at some point that they could no longer rely on raising capital at home. Hence the desperation for a London listing, diluting their shareholders yet again and no doubt handing over millions of dollars to Hannam & Partners. I don't even think they are planning to raise mine funding so they really are just listing in London to survive. I would not be surprised at all if CAS fails to list, fails to raise cash at home and goes into administration.
romeike
21/11/2017
09:59
So with Bob on £20k a month I guess he still isn't going to buy any shares in STI if only as a gesture.
novicetrade68
21/11/2017
09:58
I have to say that while he did not give anything away, I was impressed by how he handled the questions. On Crusader deal, he isn't realistically going to come out and say it was a great deal or a bad deal. The level of share holders who voted for the deal means that he needs to keep both sides on board.... that is good leadership. Reading between the lines he is not in favour of the deal as it was structured. Without coming out and saying that it was a bad deal, he kept the group that wanted the Crusader merger happy by stating that the underlying assets is very solid.... thus where he finds issue is on the valuation. I think we all would agree on that... if the deal has been done at a Crusader price of about 7-8 cents... I am sure none of us would have objected. My personal truck with the deal was the valuation placed on Crusader while it seems that STI was valued at a discount to even the cash at hand. If the vote had been more decisive he could have came out swinger for one side or the other .. but since it is such a close split in votes... he needs to tread a middle ground. Mind you as the shares changes hand the middle ground will be shifting... especially if the major holders that voted for the merger have unloaded their stake to other holders who have same view as us. By him talking to those he will soon find out that the balance of views is now for a merger with TSR which he has not ruled out. In short I think it was a good interview with him trying to steer a middle ground to placate both sides of the debate. That is my view anyway.
buggy
21/11/2017
09:55
Many thanks for the link to the Bob interview; yes, Bob looks tired and is not impressive, nothing new there. But I don't know if we can reasonably hold Bob to account for the swerve under ME's tenure; Bob maybe does seems to distance himself from that with the need for "rationality".However, I am more positive about what Bob actually suggests about the future. He emphasises staying with the original business model (why I invested!), he wants to spend time considering the assets, does not distance himself from TSR (4:50 ".....we'll be going forward there, all being well...") whilst also talking to disenfranchised shareholders - building bridges to "get the show back on the road". Ultimately what matters for me is the "road" but in fairness he needs time to review the asset options and size-up the options to create shareholder value with the shrinking cash pile.What really matters is the CEO succession plan to appoint a partnering, commercial deal-making, competent CEO AFTER rapidly replacing the Chairman, in order that the new Chairman incumbent is truly accountable for the appointment and performance of the new CEO.Otherwise I am worse than gob-smacked about the audacity of ME, CAS and Hannam re: a proposed AIM CAS listing - the recent STI debacle must be well known throughout The City bars - who would trust any of them with the price of a pint?Cheers, tightfist
tightfist
21/11/2017
09:46
Yes Tad, you are right I am afraid to say the whole board is culpable and needs to go. Bob doesn't seem to realise that he has extremely limited time to formulate a plan and communicate it to shareholders otherwise he faces a further vote that will likely include his removal as interim CEO. Surely he'd prefer his second retirement to be less humiliating than his first.
romeike
21/11/2017
09:33
The interview was evasive as one would expect, he does not want to talk about the Crusader situation, the reason is he probably supported it. The 'official' theme from Stratex is the vote was divided, NO it was not, the poll by hands at the meeting was overwhelmingly lost by the Board. In respect of the proxy votes, the situation was one sided, Stratex unlocked all the nominee accounts and sent out a mailshot to individuals, numerous media presentations via Proactive, Vox and BRR all backed up by RNS, they lobbied shareholders via email, their website and other means. Then there was the 'strange' last minute about turn by Anglogold - make of that what you will. Peter Addison hanging on by 1m votes, that was crucial, we would not be here now if he had lost, the Thani merger would be proceeding with all the associated benefits for shareholders. They will not listen to reason, they have no plans, they have failed over many years to deliver shareholder value etc. Shareholders want major change, the Thani-Stratex proposals offer that in my view.
tadtech
21/11/2017
09:06
Bob was/is part of the problem I suggest and should go immediately. I can smell shareholders cash burning every day.......!
goldenshare888
21/11/2017
07:25
Bob Foster interview... Reminds me of the Mugabe speech on Sunday - a rambling waffle. Don't worry there have been a few problems, I have listened to my Generals concerns, will have some discussions, will be addressing the issues in a few weeks, despite being dismissed by my party I shall carry on, but it is the Harvest Season. Good night. hTTps://www.youtube.com/watch?v=4CvpC-m9EXI
observer007
20/11/2017
23:11
Having had a rummage around it seems the new holder of the 11.49% stake in Stratex, Argyle Street Management, would almost certainly be a block seller to an interested party (at the right price) Quite a few US regulatory notices suggesting the same with previous stake sales. I still think something is going on here, too many big names kicking around, so few shares in free float, Peter Gyllenhammar would almost certainly be buying more if he could get his hands on any decent tranches. He likes to be the largest stakeholder in his invested companies. This could get interesting over coming weeks IMO.
tadtech
20/11/2017
20:47
Starting to wonder now whether the actions of Hannam/Englebrecht/Addison can be considered legal at all, it has all comes acros as so fishy so far.
novicetrade68
20/11/2017
19:18
Stake change Preston Road gone, entire 11% stake now with http://www.asmhk.com/?page_id=213 https://www.investegate.co.uk/stratex-int-plc--sti-/rns/holding-s--in-company/201711201814180323X/
tadtech
20/11/2017
18:33
It is rather interesting that Crusader's share price plummeted to all time lows on the news of the Englebrecht appointment. Also of interest is they are shedding Rob Smakman (salary $300k+) but Stratex shareholders were told he was a critical to the enlarged business? Crusader ASX stock has no liquidity, they will have to raise at a significant discount ASAP, they are skint. The longer they wait the more the stock will fall IMO. Who on earth would buy into Crusader on AIM given recent events, I am sure Stratex shareholders will be 'active' on their bulletin board, not to mention investor presentations, if one or two pop up. Very much hoping we get news from the Thani-Stratex board who surely would be in contact with the major Stratex shareholders, they already know they have the support of the retail investors.
tadtech
20/11/2017
14:50
Will never know the truth about Bahar. The known knows Englebrecht, Hallam, Stratex Chairman we now know for what they are.
corguv
20/11/2017
14:23
Third act. Bahar enters: "how can we help you?". Curtains.
greedfear
20/11/2017
10:40
After this, i doubt they will find takers on AIM. I wonder how Hannam will try to spin it. He is doubling down eh.
shoggoth
20/11/2017
10:31
I emailed the BOD seeking assurances from them that: 1. they will have no further discussions or dealings with Hannam & Partners due to the clear conflict of interest given that H&P are now advising Crusader, which I note owe Stratex large sums of cash 2. Marcus Englebrat will be held to confidentiality agreements as part of his former contract
romeike
Chat Pages: Latest  1382  1381  1380  1379  1378  1377  1376  1375  1374  1373  1372  1371  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:40 V: D:20180820 04:58:33