Stratex Share Discussion Threads

[tightfist] 18/12/2017 21:33

If we want a Cash Shell someone needs to grab the reins, flog-off the assets (particularly TSR) and rapidly reduce the overheads run-rate by ~90%.I don't see this happening unless drastic external action is taken. Neither is it my preferred way forward; I want to see an objective evaluation of the TSR potential and a merger with progressive moves to all-new STI BoD.FWIW, Gerald Peter Lacey Addison has an address lodged with Companies House.

[romeike] 18/12/2017 15:38

I think the cash shell suggestion isn't far from the truth regarding PG.

[shortarm] 18/12/2017 15:19

You can sell 3 million online so it looks like PG is still collecting.Maybe he has a plan!?

[juju44] 18/12/2017 15:07

That clown is incapable of ever producing a business plan of any merit

[romeike] 18/12/2017 14:46

Agreed. Cannot see an anything happening now other than an announcement between Christmas and New Year that will probably raise more questions than provide answers.

There is a promise of a new business plan, which Bob told me he'd do his best to have in place by end Jan, this has already slipped to "Q1 2018". This means we could be nearly a full six months after the GM with zero progress, competing with only the Brexit "negotiations" for the sheer incompetence of those involved.

[romeike] 18/12/2017 08:48

It is clear with ME at the helm he'll go as low as it takes to keep the show on the road. I just hope he opts to pay back Stratex immediately to clean up the CAS balance sheet ready for their application to AIM. Come on Engeltoad, where's our cash?

[tadtech] 18/12/2017 07:52

Crusader in a Capital Raising. No surprise there.

I wonder at what price(6c? 5c?)and for how much?

Perhaps the penal 12% interest rate ans security over all assets will be enough to repay Stratex loan of £1.25m sooner than expected.

[juju44] 16/12/2017 09:59

Down the toilet

[exbiz] 16/12/2017 09:56

Under a rock.

[shoggoth] 16/12/2017 05:36

Does peter addison have an address? He must live somewhere.

[juju44] 15/12/2017 21:17

Rubbish management always produce rubbish shares and this has to be the worst management on the planet . STI will die if PG doesn't save it

[tadtech] 15/12/2017 21:12

I see Crusader is now trading around 7.5c, they have no cash and will need to raise funds ASAP. Will they get a funding away at 6c or 5c I wonder.

Despite a plethora of announcements there are no buyers and the natives are getting restless over on Hotcopper, some even doubting the abilities of a certain Marcus E. Well I never!

The lower Crusader falls the more stupid the board of Stratex will look, remember they wanted to pay 18c for this financially distressed company. Thankfully the shareholders voted this ludicrous deal out.

The good news is that Stratex have a charge on ALL of Crusaders assets, the £1.25m loan attracts interest at 12% pa, they will be incentivised to repay it back quickly in my view.

The expected & suggested update from Stratex is overdue.

[steve1905] 15/12/2017 15:44

I think it's pretty plain Addison has no intention of standing down and that any relationship between Stratex and Thani are probably irreparably damaged. The clueless management team are fumbling around trying to do what they have never been able to do in the past. Why would anyone think they have the capabilities or nous to change

[romeike] 15/12/2017 14:58

I was expecting an update from Bob this week. So far as I know he has returned from Egypt. The only contact I had was a late night rant from Peter Addison.

[steve1905] 15/12/2017 10:23

Further to my post of the other day, Mr Gylenhammar has purchased some more shares in RRR. I also noted, that paragon of shareholder distruction, Mr A Bell has stuck his hand in his pocket and purchased some shares.

The swindlers running Stratex would never consider such an act. They are happy with their guaranteed monthly bag of swag - money for nothing!

[tightfist] 14/12/2017 20:56

(Uneccsarily) pointing your finger at TSR is devaluing what is surely your shareholders' biggest single asset. Of course, if you don't personally hold a significant amount of equity you are not shooting YOURSELF in the foot. Au contraire, you are playing games with other people's money.

[tadtech] 14/12/2017 10:19

I have to say my patience is wearing thin, the General Meeting was on 31st October, Stratex, in its current format, was exceptionally lucky to survive.

We were promised updates, they have not happened, why not?

Have meetings been held with Paul Foord and David Hall, are they being invited on-to the board?

Will Peter Addison resign?

Peter Gyllenhammar continues to build a position, nearly 10% now, what is his intention?

Anglogold's 10% stake changed hands ahead of GM, will it be flipped again?

Bob Foster has visited both Thani_Stratex projects, what were his views?

Has an alternative business plan been devised?

The complete Thani-Stratex Anbat report can be viewed here...........

[steve1905] 14/12/2017 09:47

Will Bob and his mates get an update out before Christmas? Is there anything worth saying? As it stands, there is absolutely no reason to invest here. There is far more reason to actually get out while you can.
The lazy, fiddling management are probably already on their Xmas breaks. A more reprehensible bunch is hard to imagine

[romeike] 14/12/2017 09:37

Oh yes agreed, the tone of the update going out of it's way to point the finger at TSR felt like an unnecessary case of shooting oneself in the foot. The reality is likely that CSA Global didn't clearly mark the information as "internal" and therefore it was published. Well it did the job of getting the share price down to a penny again.

[tightfist] 14/12/2017 07:23

Romeike,

I am sure it was originally a simple slip-up, but seems to have become another round of the Tom (aka PA) and Jerry (aka PF) game?
Personally I always favoured Jerry.....

[romeike] 13/12/2017 09:03

The RNS thing is nothing but a simple error, happens all the time. Regarding CAS, their latest update is typical Engelbrecht slippage. Original plans were to list on AIM in Q1 2018, now they say they will 'apply' for a listing in H1 2018 suggesting no listing will occur any time soon. Meanwhile with no cash resources he is extending the plans to include potentially aquiring other projects. which just seems bizarre to me, I thought they were 100% focused on Borborema, seems now a change of plan, again.

The update looks like a precursor for some kind of capital raising. CAS shares at an all time low.