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 Shares Traded Last Trade
  0.00 0.0% 0.425 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.40 0.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -4.73 -1.13 3
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.425 GBX

Stratex (STI) Latest News

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Date Time Source Headline
14/12/202013:28RNSNONOriole Resources PLC Investor Event
10/11/202007:00RNSNONOriole Resources PLC Investor Event
12/10/202006:00RNSNONOriole Resources PLC General Meeting Q&A
24/9/202009:00RNSNONOriole Resources PLC Investor Event
22/7/202013:30RNSNONOriole Resources PLC NR Private Markets Investor Lounge
18/5/202015:07RNSNONOriole Resources PLC Pre-AGM Presentation and Q&A
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Stratex Investors    Stratex Takeover Rumours

Stratex (STI) Discussions and Chat

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Stratex (STI) Top Chat Posts

tournesol: thecoyone I've already told you that I have no exposure to STI's share price. I do not own any shares. I do not have a short position. I do not believe that it would be possible for anyone to establish a significant short position. For that to happen a holder would need to lend his/her shares to the person taking the short position so they can be sold. STI is so small that there aren't enough shares for such a transaction to take place. As for naked shorts, the idea that the share price trend has been influenced by naked shorts is even more preposterous. Naked shorts can remain in existence only until the sales transaction is closed by delivery of the shares. That means in 5, 10 or at most 20 days. Look at the chart of share price here. It has been heading south since 2012. It is simply not possible for naked shorts to be sustained over such long periods. Apply Occam's razor. Either the company and its management has failed or or there is an international conspiracy to follow a naked shorting strategy, that has been pursued by person or persons unknown for a 6 year period and has undermined the share price. You do not have to be a genius to figure out which of these scenarios is more likely. If you study the detailed history of failed projects, chronic over promising and under delivering, managers with no interest in the welfare of share holders etc etc etc, then it is really easy to figure out which of these alternatives is actually the case here.
thecoyone: Such a pity for naked short positions - caught offside. Opportunity for retail to force price action ahead of imminent news releases. Seen this many times - nothing better than a short squeeze - where will the share price go in such circumstances - not unusual to see 400%-500% upside in such events. Bring it on.
tournesol: 5huu actually, as previously stated, I made good profits out of STI. That's because I recognised there was something going awry and bailed out before the share price cratered so in my case there is no loss that makes me bitter and twisted I just recognise a bad situation when I see it and I hate the way management teams exploit the gullibility of PI's
tournesol: Geotrav - and others expressing optimistic views Not only do I understand the junior exploration model, I worked for many years (and in many countries) in resource companies and in exploration companies. And since retirement I have made a good living by investing in exploration and production companies - mostly hydrocarbons rather than metals, but the fundamental principles are the same. The question here is not the credentials of those like me who are critical, but rather the ability of the company's business model to generate returns for investors. On STI's homepage, in the Company Overview, there is a boastful statement that says: ...Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper… Now perhaps you can explain how it is that STI has succeeded in discovering all of the above:- a) without paying any dividends b) without delivering any gains in share price c) with very substantial dilution of shareholders d) whilst the enterprise value, the market cap and the net assets of the company have all dwindled to almost nothing Where has all that discovered gold, silver and copper gone? What has happened to the wealth created by all of that successful exploration? I note that throughout its history generous salaries have been paid to directors, management and staff, all of whom have received very substantial personal benefit in the form of remuneration and pensions and all of whom have been given shares and share options for which they have paid nothing. I think I am right in saying that none of these people have ever put their hands in their pockets and bought shares with their own money. So inasmuch as STI's boastful comments are accurate, the only beneficiaries of their success have been the management and staff. No benefit has accrued to shareholders. Of course cheerleaders like you want investors to ignore the past and fantasise about a future which holds promise of a golden eldorado which will make them rich. But it is simply not feasible. Someone famously said that those who do not learn from history are doomed to repeat it. The history of Stratex is that it is not very good at exploration but even when it succeeds it then fails to harvest any value for shareholders and wastes its resources and its energies getting precisely nowhere. At the time of the first STI IPO, the company had promising discoveries in Turkey and enough cash to take them through to production and an exciting story which would allow additional fundraisng when required. Now it has none of the above. What exactly can we expect to happen over the next year or two? Something different from before? or something similar? For me to take the new management team seriously I'd want to see a tough, clear-eyed, hard-headed approach to cost reduction, clearing the decks and focussing on the few tiny nuggets of residual value. I'd want them to leverage their investment in ThaniStratex. Changing the name of the company? Like renaming the Titanic. Utterly, totally and completely pointless. A waste of very limited resources. A diversion of management energy that cannot make any difference to the ultimate outcome. Raising an additional paltry million? Clearly a complete waste of time and money. I don't know about an Oriole, I'd say it's more of a dead parrot.
tournesol: geotrav you appear to be a troll sponsored by management to claim that all is well in this the best of all possible worlds whilst demonstrating ignorance of the omnishambles that is STI and a lack of insight into its dreadful history FYI I have no exposure of any kind to the STI share price I did invest in years gone by and must be one of the few to have exited with profits I occasionally post here because I am appalled at the disgraceful behaviour of management, their utter incompetence and the complete contempt they have demonstrated for their shareholders Clear?
observer007: I do not post much these days, am a long term holder who is significantly under water. I can understand the bitterness that exists on this thread from some quarters. I decided to add to my position recently as I fully believe in the new CEO, in a million years I would not have bought more under the old regime but it looks like Tim Livesey is in a different league. I do believe something untoward has been going on with the share price but these things have to unwind, the market value of Stratex is only £2.6m after all, a far cry from the high point of £35m As for suggesting they could not fetch a fair sum of cash from an outright sale of Dalafin I recall similar comments about the Oksut project, Stratex sold their 30% interest to a major for $20m On AIM things can turn in a flash and when least expected.
tournesol: Tadtech and Coyone are either one person with 2 aliases/ADVFN accounts or are a tag team. The game they are playing is simple and simple-minded ramping. The stuff they are posting is FAKE NEWS conspiracy theory garbage. The reason the share price has collapsed below a half penny and the market cap has dwindled to less than 3 million is not that some shadowy evil masterminds have targetted a healthy company and undermined its shares by shorting the guts of it. The real reason is much simpler than that and involves no anonymous villains hiding from view. The problem is simply that the company has been serially and seriously mismanaged by a succession of the good, the bad and the ugly. Three names come to mind. Founding CEO Bob Foster. Bob is a lovely man with integrity and boundless supplies of energy and enthusiasm. But he is not CEO material and he is not a natural entrepreneur. The Turkish discoveries which were the basis on which the company was initially founded were mismanaged. Bob over promised and under delivered. He used to talk about Konya and the surrounding area as a potential multi-million ounce discovery. That saw the share price rise to around 10p (from memory) It has all turned to ashes. Whilst some gold has been discovered, the associated value has not been captured but has slipped through Stratex's fingers. Theshare price and the market cap tell the story. The recently departed CEO Engelbrecht could be described as either bad or ugly or both. He proposed a transaction which would have simply transferred most of the modest residual value of STI to an Aussie minnow whose atractions were invisible but whose weaknesses and shortcomings were manifest. He nearly succeeded. A heroic shareholder revolt led by outraged ex-founding directors resulted in the proposal being abandoned and Mr E departing ignominiously. Sadly the whole fiasco cost STI a substantial chunk of its very modest resources. So a mortal wound was inflicted. The chairman could certainly be described as ugly - not in his physiognomy - but in his demeanour. Having done nothing to stop E's disastrous scheme, he swung into vigorous action to thwart the shareholder revolt. As a lawyer he pored over the text of the resolution submitted at the EGM and found a technical error in the wording. He tried to use that as a device to retain E in position. Then he said that E would stand down as CEO but stay on as a consultant. He was forced to give ground and E was made to walk the plank. Any reasonable person would then have accepted the idea proposed in the flawed resolution of bringing the activist directors back and investigating their thoughtful ideas for turning the co around. Not this chap. Having stood by while E ran the ship onto the rocks he is now determined to fight the would be salvagers/rescuers to his last breath. Which of course means to the last coin in the company coffers. At present nothing much seems to be happening at Stratex and the company clearly lacks the wherewithal to do much if anything. It has been reduced to resorting to the stock market equivalent of a pay day lender to raise a meagre million pounds at a disproportionate cost. I am reminded of NOP the failed oil co. What surprises me in such circumstances is not that badly run and unsuccessful resource companies fail, but that they manage to linger on so long - like an outlaw gunned down in a bad spaghetti western, who writhes around in his death throes for an extended period. A rational and professional management team whose business fails would surely put it out of its misery, see what funds can be rescued and return them to shareholders with a sincere apology. What bad managers do is to delay the inevitable, leave the wounded business writhing in agony, trot out ever more desperate crazy ideas for turning things round and most tellingly of all continue drawing their wages. What a rational shareholder does is sell as soon as they realise the company is headed off a cliff. That way they get to save something. What an irrational investor does is bury their heads in the sand, seek out conspiracy theories, hope that there will be an 11th hour reprieve.
tadtech: 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 ‘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 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 ‘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 recently put out a positive research report on) has gone from a market cap of around £1million to £475 million over 7years., which has recently made a number of high profile acquisitions - Pegasus, 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.
tightfist: Hi SPADman,The investors in STI have gone quiet, there are a number of disappointed (disillusioned?) people LONG invested in STI but the patient have gone quiet for the time being. The assets/cash speak for themselves and IMO value will out in the medium term. The AGM was only attended by Bob and two shareholders, such is the current level of active interest. The new CEO was interesting and IMO will breathe some life into STI. Another aspect is the future of their holding in TSR? David Hall seems to be aiming at a TSR listing on TSX-V and one can imagine all sorts of scenarios unfolding both before and after a listing.Watch this space! tightfist
tadtech: 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??
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