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STI Stratex

0.425
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Stratex Share Discussion Threads

Showing 34551 to 34570 of 35200 messages
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DateSubjectAuthorDiscuss
22/11/2017
22:43
Glib

Hannam valued 30% of Thani-Stratex at $4.7m recently.

The new merged entity would retain it's AIM listing.

The new Board want to instigate cost cutting measures and clear out excess.

tadtech
22/11/2017
21:32
If the BOD all got drunk one and and decided to go with the Thani merger:
Do people think that:
a) TSR would merge with Stratex and we would remain listed on AIM
b) Stratex would merge with TSR and would look to list when looking to start building the mine

What value or price would you place Stratex at and how much of a discount (if any) would you deem acceptable for a merger with TSR?

glibgibon
22/11/2017
18:16
DOWN ANOTHER 17% AFTER BOB'S PATHETIC INTERVIEW!!!!!!!!!!!!!
goldenshare888
22/11/2017
14:02
This Gyllenhammer chap has doubled his stake during all the shenanigans, surely he, plus others, must "have a plan", regardless of whatever the Board "wants". Watching from the sidelines, to see if Gyllenhammer buys more.
melodrama
22/11/2017
13:25
Even if TSR convince Bob the board are unlikely to agree. Hopefully they will at least listen to Bob if he is minded to make a proposal to TSR.
romeike
22/11/2017
12:46
They have carved up our money and shared it out between them and now they have the main architect back in charge I can't see how it will change. I wouldn't put another penny of my hard earned money into this no matter what the share price unless Thani has some serious input to the decision making process.
charles clore
22/11/2017
11:29
I expect to see more developments once Bob Foster returns from one of the Thani projects.
tadtech
22/11/2017
11:10
I wrote to Bob today with the following points:

1. Bob should move quickly to make a proposal to TSR for a tie up with them unless he can quickly explain to shareholders what better alternative he has.

2. There should be no attempt to raise capital purely for "admin" purposes, without a clear plan for correcting the weak asset base.

3. Shareholders patience is well and truly spent and we need progress soon.

I urge other shareholders here to make their feelings known to Bob, repeating the message that shareholders are not prepared to wait "as long as it takes" as Bob said, we need action measured in days and weeks that will turn around the company while there is still something worth rescuing.

romeike
22/11/2017
11:06
Lets not speculate. Just get him out. Forcefully.
shoggoth
22/11/2017
09:32
If it isn't a sustainable model, how does Bob account for the successful metals explorers listed on exchanges across the world?

No Bob. It's about management.

You might be okay with a hammer, but CEO material, you are not.

Stratex are not getting a better deal than with TSR. Stratex is in no position to be talking about transformative acquisitions, it just reveals that Bob, like Peter, has his head in the sand, still living past "deal of the year" glories and acting like he has $22 million to burn when actually they have enough cash to keep them all "working from home" for another year at most.

I would actually be prepared to threaten a requisition to prevent them / or in reaction to them raising capital. I would rather see this company fold altogether than see this bunch of parasites continue on in "paid retirement" generating nothing of value and waffling on about assets like Muratdere and Dalafin that have seen NO PROGRESS whatsoever for years on end.

romeike
22/11/2017
09:16
Interesting interview with the man who led the company to wholesale shareholder value destruction: approximately £22m of shareholders' funds turned into circa £5m and still burning.

Noted Bob said a standalone explorer with no cash flow and no assets in production is not a sustainable model. Yep, that lesson has cost shareholder circa £17m.

When asked where he saw STI in 12 months, Bob failed to say 'to put STI onto a sustainable footing.' He simply said to have advanced exploration projects, to have acquired and advanced projects and to have brought in partners.

At this point shareholders need an alchemist...

youngharry2
22/11/2017
07:41
I'm not sure I would have been suckered in at any price, due to the stated requirement for c $100,000,000 funding to mine a low-grade black hole in Brazil that Crusader have been dancing around for many, many years.................yawn...............I wonder why?...............Why no BFS after ALL this time?..................!!!!!!

I personally don't back highly dilutive deals to fund directors inflated salaries and low-grade holes.

goldenshare888
22/11/2017
00:54
@ Buggy Actually you may be right, their greed exposed this thing otherwise in the context of the Altintepe fisco maybe we'd have been suckered in at 8cents just to be doing something other than watch it get wasted on admin and "due diligence".
romeike
21/11/2017
20:54
What a poor show, what a Turkey!

At least it is nearly Christmas........! (hopefully he will have mysteriously disappeared by then) LOL

goldenshare888
21/11/2017
18:03
Foster should go now . A complete total imbecile
juju44
21/11/2017
17:54
Bob Foster needs to realize he has very little time to come up with a strategy, if he thinks he can kick around for 12-18 months he is deeply mistaken.

He, in my opinion, does not have the ability to deliver a new strategy in the time he will be allowed, he is the same person that has delivered mixed messages for an age.

A presentation from May, in front of 200+ mining investors, a few months later he was gone, but not before taking £252,000 salary which included a £75,000 severence payment.

tadtech
21/11/2017
14:35
Management’s actions
Get £17 Million in the Bank Feb 2013 add to it the proceeds of Oksut NSR, Inlice and other proceeds. Whack in large bonuses for themselves and massive increases in administration and Expenses, Spend £10million drilling dust. Flog off Altintepe cheap and without bothering to visit or ‘look under the Crusader Bonnet” against the Express wishes of the shareholders commit Altintepe cash to destruction with a precipitate and scurrilous Crusader deal, use Stratex cash to make dubious loans to Crusader to keep it afloat and (Hannam) $millions in advisor fees !
Lose to shareholders votes at the AGM cancel the Crusader deal, dispense with
Englebrecht CEO and arch architect of Crusader deal.
So non Exec Chairman totally complicit in all these events reappoints old buddy Foster who was totally complicit in all the disreputable and profligate wastage
of Stratex cash pre Englebrecht.

corguv
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
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