Stratex Share Discussion Threads

[geotrav] 20/7/2018 08:04

Peter G seemed to have came in for the Crusader deal, dropped out when it didn’t progress

[steve1905] 20/7/2018 07:41

Peter Gyllenhammer(?) was another shrewd investor, chose to allow his holding to be diluted after recent placing

[tadtech] 20/7/2018 07:00

Looks like this is being selectively shorted. I wonder how these entities are going to close out when news hits the market?

Anyone remember Kibo Mining in late 2013 when the stock moved from 1.5p to 12p due to near panic short covering after a unexpected deal with Metal Tiger. It can happen here :-)

Maybe it is time for some to realize that Stratex is a much changed investment proposition since the appointment of the new CEO.

My understanding is the takers of the recent placing are a rather shrewd bunch which includes multi millionaire and successful investor Bob Morton.

One of Morton's investment criteria is to have an exit strategy, I wonder what exit strategy is coming at new Stratex !

[romeike] 17/7/2018 17:23

Crusader has lost 50% of it's share value on it's Aim listing, and is performing even worse over in Oz. Isn't it about time the Stratex board issued an apology to shareholders and former shareholders for wasting over £8 mil fighting their own shareholders in pursuit of an absurd tie up with this discredited, hapless company?

[geotrav] 11/7/2018 09:39

Lots of nay-sayers on here, will be interesting to see the new G&A and project results from Dalafin and Cameroon when they come through. Half the Board already changed, new project taken up and new funds to deliver on their 'new strategy' - seems they are doing exactly what they said they would.

[steve1905] 10/7/2018 08:44

Depends from which side of the telescope you look at it. The overblown management team are enjoying their 'money for nothing' endeavours.

[jimbowen30] 04/7/2018 12:20

Looks like this is in a race to the bottom with Crusader Resources. Marcus leaving another trail of destruction....

[romeike] 03/7/2018 15:12

- "cannot see this being a £3m valued Co for long"

Quite correct - soon it will be worth £2 million, then £1 million, as long term "directors" and a string of fee-takers as long as my arm each take their regular bite out of the corpse.

[steve1905] 30/6/2018 12:21

Stratex has a history of attracting 'significant' investors. They have all been turned over like the rest of us

[observer007] 29/6/2018 09:40

I was informed that the recent fund-raise was taken by a few high net worth investors, the 1st to show their hand was millionaire Morton.

Additionally during the same conversation demand to attend the Stratex presentation held by Turner Pope has been high, places are therefore limited apparantly.

It does seem that Stratex has attracted some significant new investors who are backing the new Board under Tim Livesey. Tim has demonstrated he can deliver multiple returns of shareholder value in his past life.

Sentiment can turn in a flash on AIM, cannot see this being a £3m valued Co for long.

[spadman] 29/6/2018 03:16

This is interesting regarding the White Knight.

[tadtech] 28/6/2018 17:50

Multi millionaire Bob Morton takes 4% stake in Stratex



Bob Morton, shrewd investor


Citywire has been tracking entrepreneur Bob Morton's secret share deals for months because he can move the share prices of companies he takes large stakes in; this week Citywire tempted Bob out of the shadows to come in and talk to our team.

Morton sees his role in a venture as providing financial expertise and guidance to a company. He always looks to work with ‘operators’ and sees the people involved and their independence from him as the key to the success of an enterprise. He describes his role as helping other people make money and in the process adding to his own wealth.

Morton told citywire.co.uk: ‘People are 100% of the business. If you empower people and then take away their power they can’t function. Everyone I work with has to be charged with running their own businesses.’

He needs two pre-requisites before he will become involved in a venture or make an investment – there must be an exit strategy and he must always be able to cover his downside. Morton does not usually exit until he’s seen considerable growth , although he cannot claim to have a 100% success rate. Who can?

He has a value philosophy in so far as he will not overpay to get into high growth markets but will always look for companies with good growth potential.

So, a few examples of some of Morton’s past deals. Morton told citywire.co.uk that Norank was started with £1000 worth of capital and was eventually sold for £10 million. Hapfield Estates was started with just £100 before being sold for £19 million. Spargo Consulting was set up with £125,000 and went to £40 million.

It is not just cold start ups which Morton has made returns from, he has also turned round a number of quoted vehicles. He told citywire.co.uk: ‘I have always been in the business of building companies then selling them, it is just that I am more high profile now. Because I have more capital I have to look for bigger deals and that means I need a bigger market place [quoted companies]’

Some of the quoted businesses which have been successfully turned round by Morton include: Burgess which he became involved with when the market cap was circa £1 million and sold it four years later for £350 million. The first quoted technology company Morton was ever involved with, Vistec, again had a market cap of about £1 million when he took the chair and was later sold to Lynx Holdings for £22 million.

In fact Morton has done incredibly well out of technology companies, but rather ironically he makes no secret of the fact that he has never learnt to use a PC.

There are a number of companies which Morton is currently chairman of which have done very well, all of which he says he is still very bullish on. Incepta Group(ITA) (which citywire.co.uk recently put out a positive research report on) has gone from a market cap of around £1million to £475 million over 7years.

Freecom.net(FEE), which has recently made a number of high profile acquisitions - Pegasus, Oneview.net and Systems Union – was set up, pre float, for £100,000 and is now valued at £115 million. Harrier Group(HRR), another recent float, cost £500,000 to set up and is now valued at £75 million. And lets not forget the once ailing Silvermines which Morton turned into Vislink(VLK), a mobile communications equipment manufacturer, which has seen its market cap go from £10 million to just over £100 million.

There is one thing we are confident in saying about Bob Morton’s past. He knows how to make money and his name on the board of, or as a large shareholder in, a company deserves to trigger investors' interest.

[spadman] 27/6/2018 15:38

If the market doesn't want to pay 0.5p per share how are they going to place more shares at 0.5p each?

[exbiz] 25/6/2018 11:18

I see that Blackrock refused to participate in the recent fund raise even though it diluted their holding by circa 50%. The term "Death Spiral" comes to mind

[steve1905] 25/6/2018 08:53

Unfortunately for me, it took a long time for the scales to be lifted from my eyes. I've learned, at no small cost, that the AIM market is inhabited by some of the biggest chisllers walking free.

[tournesol] 24/6/2018 15:17

It's worse than that.

They've discovered lots of gold (see their home page for details) but they've mismanaged their business so spectacularly that despite exploration success they've not managed to retain the resulting value.

The only people who have benefited from the activity which has been undertaken by STI since day 1 are the directors, managers and staff who have been paid, fed and watered at shareholders' expense. The poor bloody shareholders have seen no benefit whatsoever.

(Apart that is from those clear eyed individuals who sold during spikes. I myself am one such. But the poor beggars who bought what I sold have lost almost everything.)

[highly geared] 20/6/2018 11:31

Only hope is gold surges over $1500, small cap sector excitement returns and Stratex hit some good grades with the projects that remain. Speculative hope leads to an improved share price allowing us bitter and twisted long termers to get out with reduced losses.
It will happen but about 2 years away...

[juju44] 20/6/2018 11:19

All time low . The dog is surely dying

[romeike] 19/6/2018 15:46

Had a chance to look over the Juruena drill results released by Crusader. Can't see what the fuss was about this asset. Results pretty poor grade.

[aim_trader] 14/6/2018 16:09

Stratex will be presenting to investors at the upcoming Proactive One2One Forum on Tuesday 19th June in London. For details and registration click here:

[tournesol] 14/6/2018 13:43

Tightfist

I have to say that I think it is simply not possible for management to get it right from here on. They simply do not have any assets worth progressing and furthermore they have neither money nor any source of income. Given the company's track record of value destruction there is no way that they can raise additional funds on anything but a derisory scale (as we saw recently where the most they could raise was a single measly million.

Without funds there is nothing that anyone can do. The most talented management team in the world can't conjure up a transformative deal or a rescue plan from thin air.

The best thing they could do is liquidate their few remaining assets and distribute the proceeds to their shareholders so they get back a small fraction of the current share price.

Of course they are not going to do anything as sensible as the above. They are going to keep paying wages for as long as they can until the money runs out. That is the optimal approach for management but the least satisfactory approach for shareholders who will end up losing whatever residual value remains as of today.

This reminds me so much of Northern Petroleum (NOP) whose business followed a near identical trajectory.

Sic Transit Gloria…...

[romeike] 14/6/2018 10:25

Crusader continues its ever falling trend under the magnificent leadership of one Marcus Englebrecht. As for Stratex you could sell out and put your cash in a National Savings Scheme and it will outperform this junk. The simple fact is you can't run a business like a retirement allotment and expect good results.

[tightfist] 13/6/2018 16:43

I don't see how Stratex can approach a near-production opportunity with acceptable dilution; its MC has IMO sunk far too low for that. We can now look forward to several years for rehabilitation IF management get it right - it will sink/be bought for the listing (shell company) if it is got wrong. TSR IPO/action is the only hope for something better and quicker?Finishing the make-over of the BoD is critical, see Tournesol's earlier post....Cheers, tightfist