Stratex Share Discussion Threads

[romeike] 06/12/2017 10:46

The results are decent, would need to see cost per ounce but there's a return there to be had from open pit if they can do it cheaply enough. You'd probably want a higher gold price before proceeding though.

[kingivor] 06/12/2017 10:07

Anbat results hardly sparkling. Hard to justify the current Mcap. Very sad the way this company has imploded by mis-management.

[shoggoth] 06/12/2017 09:23

Assume zero at the moment.

[baner] 06/12/2017 08:45

Does anyone have a view on what value Stratex´stake in Thani Stratex (ca 30%) could have on the basis of recent news?

[baner] 06/12/2017 08:42

Does anyone have a view on what value Stratex´stake in Thani Stratex (ca 30%) could have on the basis of recent news?

[tadtech] 05/12/2017 22:04

News..........

Thani Stratex Announces Initial Resource at Anbat

Starter pit shows undiscounted cash flow of US$50.31 M

[melodrama] 04/12/2017 15:48

More likely PG? Hey ho, no matter there is a buyer.

[exbiz] 04/12/2017 13:59

Could be PA adding, making sure he stays on the gravy train at the next vote after coming so close to removal at the general meeting.

[romeike] 04/12/2017 13:56

Are all the directors up for renewal at the AGM?

[juju44] 04/12/2017 13:55

Technically this is well oversold now and a bounce could be before long - for what that's worth

[melodrama] 04/12/2017 13:44

Someone appears to be patiently acquiring today in £11k lots

[exbiz] 04/12/2017 13:15

Just to put Bob's wages into perspective. TYM another company I have invested in over the years and run by a thoroughly decent CEO in Patrick Cheetham has paid it's four directors £149,000 between them for the year. Further Patrick has still managed to buy shares in the company and cut admin to the bone. Not only that he and the board have worked bloody hard under difficult circumstances and have looked to future growth beneficial to all shareholders and not himself and his associates. This has just been rewarded with a prestigious industry award for their project in the US and a potentially company making MOU with Possl.
This is not a ramp for another company, I am just trying to establish what hard working and diligent CEO's can achieve against self serving trough snafflers.

[romeike] 04/12/2017 11:34

The way I see it shareholders voted on the strategic direction of the Company - a clear choice between the CAS plan versus the Thani Stratex plan - the CAS plan was voted down and yet for reasons known only to Peter Addison we have ended up with a situation which no one voted for.

[exbiz] 04/12/2017 10:37

Me too, but I think he's now surpassed him. With Bell you always had the feeling he was a shark but Bob's worse, he's a spiv in grandads clothing. Plus he's even got the front to return to the well after he's already emptied it.

[steve1905] 04/12/2017 10:33

Indeed Ex, I used to think a certain Mr A Bell of RRR fame was the biggest crook in town,

[exbiz] 04/12/2017 09:51

Been looking around over this last week at a number of other shares and doing research, watching proactive presentations with CEO's etc. and one thing really jumped out at me. Other CEO's no matter how good or bad there companies are are full of enthusiasm and vigour when questioned about their companies and its' prospects going forward and yet I watch Bob and for all his faux bravado he just doesn't seem plausible and for a man who has been CEO of this company for years I truly can't believe that he has not after a number of weeks at the helm not put a plan into action. He talks of getting the views of investors but investors gave their views in the general meeting by way of ballot and he has failed to implement them. He is back in the big chair taking more than £20,000+ a month (last stated annual income from STI £252,416) and having field trips to projects he should bloody well know inside out. He should know every square inch of our portfolio and should already have a plan enacted but he doesn't. He's back on the gravy train bluffing as he goes. And it is bluffing as he says he has been meeting with large investors and institutional investors too and I think it is starting to show, for instance Peter Gyllenhammer must have had correspondence by way of a meeting or phone call and he has stopped buying, no other buying has been taking place and anyone trying to sell shares for the last few days will have found it impossible. He's no more than a sponge sucking the remaining bank balance dry when he should be aggressively chasing the instantaneous repayment of Crusader loans and signing off a deal with TS, the fact he isn't and instead is journeying around on company expenses says it all.

[steve1905] 01/12/2017 14:55

Romeike, was Bob questioned on the Crusader loan and the shenanigans that went on with Ashanti share sale?

[steve1905] 01/12/2017 14:50

I fully anticipate this dropping down towards .75 and that's before Bob makes his 'state of the nation' update. It's scary to think that Bob couldn't make a decent deal when they had $20 million in the bank, you have to wonder what damage he'll do with what's left.
The BOD have invited Bob back for one reason and it's got nothing to do with shareholder value.

[romeike] 30/11/2017 23:35

Fortunately I believe because the deal was stopped the fees, whilst still an irritating waste are substantially less (certainly well under 25%) of what would have been due.