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
  +0.00p +0.00% 0.355p 0.35p 0.36p 0.355p 0.355p 0.355p 0 07:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -4.7 -1.1 - 2.49

Stratex Share Discussion Threads

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AIM will do absolutely nothing
The last 6 months with this company has been so dodgy even to the untrained eye, so I agree with you romeike that ideally AIM/FCA makes an example out of this company, could brush up AIMs reputation as well (perhaps).
I bought these a while back after being mentioned in Moneyweek/ Lost 48% - bad bad investment. You can't just sit back and watch your money drain away. Broke my 25% rule because it was gold! :(
The company wot Bob built. Well done Bob.
They don't give two hoots about appeasing shareholders . In fact, the longer Bob and his team procrastinate the less the funds to fight over.
I see Crusader have issued their listing intentions for AIM, the issue price is based on -20% of VWAP of the current A$ share price, currently 7c. That could be as low as A$5.5c, would equate to 50% dilution for existing shareholders. They are looking to raise around A$20m of which there is a reference in repaying A$3m debt. Just as well Crusader are not listed on AIM right now as I am sure certain entities would have started forward selling the fundraise, perhaps this may happen on the ASX. As for the after market well investors will or forget Marcus Englebrecht disasterous tenure at Stratex. Crusader shareholders can expect lots more dilution ahead. So Stratex will get their circa £1m (inc 12% interest) loan back by May. More updates, on various issues, including board changes, are needed from Stratex to appease shareholders!
Recouped my expected loss here after buying Ripple in November. Looking forward to dumping my stock here over the next few months. Business is moving on big time with new technology, this lot are incompetent dinosaurs who shouldn't be allowed to be in control of other people's cash. They don't even understand the difference between a chat group, a blog and a forum post.
he TSR stake will be sold within months to fund 'Altintepe' Bob's plan. Can't see any other way for them to raise cash and explains why 'Altintepe' Bob visited the sites but then hasn't bothered to say anything about it. Hopefully nature will intervene and start thinning out the board. Time hasn't been kind to these guys.
Note David Hall, who should now be on the board of Stratex together with Paul Foord, received a glowing review on the Vox Podcast last week. There is still NO explanation as to why these two very competent persons, who put together a 1st rate business plan for Stratex, have not been appointed. Why search for a new CEO when shareholders voted for the new business plan by rejecting the Crusader merger and in effect voted them in. I can see another requisition coming unless these gentlemen are elected. I am quite sure Peter Gyllenhammar will not tolerate such incompetence for much longer.
and the prize for shareholder value destruction goes to STI BoD... thought Bob and Chris were good at this but Marcus make them look like amateurs...
I hope we all post as we see things in the moment. In retrospect we all have changed our perspectives - that is part of the dynamic of investing and the nature of exchange on a BB?I hope that this Board remains united in striving to make the BoD accountable for overseeing epic value destruction. We do have diminished but some remaining valuable assets (the 30% share In TSR is probably around $5m alone pending details of the latest fund raising) and in this context the AIM listing has value too. My largest-ever profit was from a dormant holding in a resurgent AIM shell.I am only interested in Crusader developments to the extent that the Stratex loan is repaid in-full and on-time. Time to look once more at the role of the NOMAD? Cheers, tightfist
I would imagine Tadtech that you are feeling very sick indeed, but quite honestly you have no one else to blame but yourself. When many others here were criticising Marcus and the tragic events of the past year, you leapt to his defence on a number of occasions and then chose to label anyone with a different view to yourself "derampers" and proceeded to even ban them from posting on your board. I believe you even supported the Crusader deal for a number of weeks too. Like many have said in this past week, Stratex has now become pretty much uninvestable. With no assets and their current cash burn rate - sub 0.5p beckons IMHO. One of the worst (& saddest) value destructions of any share I've ever seen.
If anyone wants to feel sick then watch this new interview with Marcus Englebrecht, the fellow that sold our Altintepe gold mine stake for $8m when share price Angel valued it at $30m He then proposed to acquire Crusader Resources for 18c a share with Stratex stock but has now raised cash and bought personal shares in the recent placing at 6.5c. Worse still EVERY member of the totally useless Stratex board voted in favour of this ludicrous deal despite massive objections from shareholders. Mr Englebrecht seems to think Crusader Resources will be a attractive investment proposition on AIM BUT he forgets the resource space is small and investors operating in it do not forget! Just about everyone knows what happened under his tenure at Stratex. Good luck with that flotation and in presentation events where I am sure some Stratex shareholders will have some very awkward and embarrassing questions. Board changes are needed at Stratex and FAST, starting with the Chairman who has presided over the entire debacle, still seems to think he is wanted by the shareholders, he lives in a total parallel universe clearly. If Bob Foster (btw are you still working for Crusader?) wants time then the Chairman must resign to gain that time. Are you listening Stratex??
Stratex had about 6 million back in June + another £440k from GRL sale and they are now down to 2 milion. Let's see if we can account for the 4 1/2 million over the last 6 months 890,000 loan.- No certainty of repayment 1,000,000. Costs etc - using 2m yearly run rate 400,000. - Crusader non sale fee _--------- 2,29 million Leaving 2.25 million unaccounted for. Could this be the costs associated with the aborted Crusader deal and Englebrecht pay off? Did it cost a princely sum to bring back the prodigal son Bob? Pretty eye watering expenditure
Another ship just floated today on AIM - hxxps://
bo doodak
Ord Nominal 1p could be another debilitating factor to consider after new year
bo doodak
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