Stratex Share Discussion Threads

[shoggoth] 19/4/2018 09:38

"Well, this is awkward", Tim Levesey commented in the interview.

[tadtech] 18/4/2018 23:28

Excellent drill results from Thani-Stratex Pandora project announced tonight, highest grade 55g/t gold, but most interesting is this statement from David Hall...........

We have received considerable interest from third parties and a number are now under NDA’s for the project. We will seek ways of maximizing the potential of the project for the benefit of all shareholders.”



Stratex owns 30% of Thani-Stratex.

[tadtech] 09/4/2018 10:38

New coverage and interview with CEO.


'The next 12 months are going to be very, very active’: new Stratex boss Tim Livesey on how he will turn the company around #STI




As Livesey puts it:

‘I think Stratex is greatly undervalued, particularly when you think that if some companies had a deal like the one we have with IAMGOLD, then that would be all they would need to get completely re-rated in the stock market. The low valuation can be put down to a lingering hangover from last year and is not justified. We tried to do something the shareholders didn’t like, we took that on board, we didn’t do the deal, and we have realigned back to where most shareholders wanted us to be. We are now focusing on delivering what shareholders want and need to develop some new projects, partnerships, and acquisitions. The next 12 months are going to be very, very active.’

[goldenshare888] 08/4/2018 19:04

Feels like shareholders here will take it up the a:-/$$ as usual! :-/

[tightfist] 07/4/2018 14:30

I have looked in here with only 12 days left to the AGM. The share split is OK by me - as long as there is a reasonable limitation on the pre-emptive rights if there is an (IMO inevitable) fund raising. When I reviewed the paperwork I recall seeing no change (except new CEO TL) to the directors; we have the proposed routine reappointment of CW, aged 56. After the totally unsatisfactory affairs of last Autumn I was IMO looking for greater change; other views please?Cheers, tightfist

[goldenshare888] 27/3/2018 10:38

Bending over for the next announcement.........!

[shavian] 26/3/2018 07:51

Well, here it is. Back we go to Dalafin.

[goldenshare888] 20/3/2018 08:09

I am bent over touching my toes awaiting the next thrilling instalment from our board of directors.......!

LOL

[steve1905] 17/3/2018 17:03

I suspect it's plain and simple - they need money to keep paying their wages. They'll be talk of jam tomorrow. It's nothing new, it's what these sort of outfits are there for.

[observer007] 17/3/2018 16:37

There is nothing unusual about the Capital Reorganisation or the deferred shares. It happens often once the share price falls below nominal value, nothing new for AIM.

Took a look around and I see that XTR and ECR have done this fairly recently (both shares performed well afterwards) XTR rose to 3.9pp from 2p and ECR rose from .50p to 2.1p.

My bet is Stratex are looking at a transaction, they talk about this in the Annual Report, they also talk about a deal that could offer 'significant value uplift'

Looks like a chronic over reaction by the market on Friday.

[bo doodak] 17/3/2018 01:30

As a non-shareholder now, I agree, it’s not a worry, as one can wait till the dust settles to appraise the situation, but for all current shareholders it has to be deeply concerning.

Unlikely the ability to buy in the open market post dilution to maintain one’s % will provide any comfort to any current shareholders, even assuming they wish to pursue that strategy.

[willo] 16/3/2018 16:38

Correct - the deferred shares are irrelevant. Throw them away. They have no value and make no difference to anyone.

The number of shares remains the same. The market cap remains the same.

The only difference is that the company can now raise capital at is current levels by issuing new shares. This may be dilutive, but shareholders always have the ability to buy shares in the market if they want to retain their % holding.

[longshanks] 16/3/2018 16:14

I have seen this several times before too and don't think it is a huge reason to worry.It does mean a fundraise is likely coming though and that could be horribly dilutive, but not necessarily.The problem for the company is nominal value. If the nominal value is 1p then you have to raise capital at 1p/share or above. If the market values your shares below 1p then you will find it very difficult to raise cash therefore.By splitting the current nominal share into two shares: one of a nominal value of 0.1p and one of 0.9p then you keep your nominal capital the same.The 0.1p share becomes the ordinary share and the only one that is listed and tradeable. The deferred share has no value other than to balance the books.In this way the company can in future issue new ordinary shares at a price below 1p so long as it is above the new nominal value of 0.1pI am not invested at the moment but it could become interesting if a decent corporate deal arises. I will wait until the dust settles though.

[bo doodak] 16/3/2018 12:50

Bo Doodak
21 Dec '17 - 16:58 - 292 of 433 Edit
Ord Nominal 1p could be another debilitating factor to consider after new year

Seen this type of capital re-organisation many times prior to fund raise, hence earlier red flag comment. Best forget about realising any value from deferred shares. Dilution next.

[nick rubens] 16/3/2018 12:48

Cheers for the feedback.

Raising capital by placings/issuing shares is usually quite normal though, or at least very common.

What concerns me is the forward sold(and CLN style)placings and placings done at any destructive price just to keep directors in huge pay that is the biggest worry, and all that without creating any company value either.

We've seen alot of that on AIM over the last few years.

[longshanks] 16/3/2018 11:51

Given the direction this is taking, perhaps they should make the ordinary shares have a nominal value of 0.01p!

[nick rubens] 16/3/2018 11:43

Isn't this capital reorganisation proposal just some paper shuffling?

[observer007] 12/3/2018 04:30

Someone picked up 3.4m shares in one buy last week, £30,000 worth.

Looks like Stratex Dalafin project is surrounded by operating gold mines, the recent $8m JV with IAMGOLD looks more than just window dressing.

Stratex £4m m/cap is stupid - watch it grow.