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Not a share traded or a post on here in 7 days and it’s September.
Remember with high admin and costs Stratex lost £3.3 Million in the past 6 months. The cash balance is hopelessly inadequate at the moment.
Held and accumulated these shares over 6 years and watch them drop 90 %. Sell them last week for tax reasons and now they jump up 20 percent.
Lots of rumours circulating there is a naked short position here, before anyone pounces saying AIM stocks cannot be shorted, yes they can.
Probably explains the toxic Stratex bulletin boards and the abject failure of the bashers to accept the company is basically new, new BOD, new project, new ideas, as for the BOD being friends of XYZ, that is laughable. It shows how desperate the bears seem to be getting.
The question is how large is the short position (assuming there is one) and how will they close out?
Agreed Mannan
AIM ....shares not for everyone too hard to handle .but the timing is everything ......bounce off lows
The new CEO is a mate of the former directors. you can read their career histories for yourself there is no factual reason for your overwhelming optimism, There are those ramping here as elsewhere looking for a quick in and out, it’s the AIM way. Stratex Long term record todate is abysmal and facts are needed not ‘ sentiment’ to make Stratex investable.
Re major , there have been far bigger majors involved with Stratex, whilst shareholders saw the sp collapse and asset and cash value disappear. Fact.
Sentiment ! A lot of highly optimistic ramping will face the factual drill results, take care.
Yes the price is very low strong bounce coming here soon
Sentiment is turning here, this is effectively a new company, the entire board has been replaced, the majority of directors of an age where they will want to deliver value. The long in the tooth 'bus pass' brigade have left the building.
The 'noise' from the few remnants of the bashing brigade (longstanding bulls from many a year ago) will soon die down being replaced with new posters/investors in the company.
Exciting times ahead, some very credible investors bought in on the last placing, majority of the shares in sticky hands, think of an investment now as seed capital - before the major re-rate comes.
Remember at 1p the company would only be valued at £7m
Proactive Investors is paid for by the company and infamously backed the Board’s Crusader misadventure which cost shareholders’ £8million. ‘Strong’ news flow is misleading.There will be drill results whether these add up to anything commercial is unknown. What is known is that after spending more than £40 Million over the past 6 years the shareholders have seen nothing but a falling P&L Account and massive declines in Cash ana Asset values. Administration costs continue to erode the pittance left. Should Dalafin produce anything positive the shareholders will not see it, As it joins the more than £40 Million squandered in the past 6 years.
Livesey's expecting strong news flow over the coming months from IAMGOLD's drill programme at the Dalafin project.
0.85 p coming .....very soon ....the bottom has been seen only way can go up from here .....
Sorry to say but Ku is right. Stay well clear of this dog.
Dalafin was Iam,s license pre stratex. Doubt they will find enough resource but maybe small satellite pit.
Avoid
The P&L lost another chunk this time £3.3 Million in the last 6 months.
Nice to see buyers coming in....SEPT should see a move back to 0.50p + with the IAMGOLD JV drilling results. Wonder will IAMGOLD buy it off STI? another $20 sale would be nice. Imagine what that would do to a 2.5 million mcap?? BOOM :)
Down the share price goes to yet another all time low. Stratex has a Chairman in place still who fought tooth and nail against the majority of shareholders and has overseen the collapse in the share price as more than £40million pounds in cash has been wasted since 2013, excessive admin charges eat away at the remaining pathetic cash as huge fees have been paid out against shareholders interests. Stay clear imo.
Amongst the £40 Million plus spent by Stratex since 2013 was £5million on Dalafin which proced nothing commercial. Good luck if they do find anything it will all go the same way as the £17million cash they had in the Bank in 2013. Shareholders saw none of it except for declining value and losses to the ongoin pittance of a a share price and value.
Why else would IAMGOLD be doing the JV?? Extend there resources from current operations which are right beside dalafin area and Buy it once proved from stratex. The market appears to have missed this imo..... I have a feeling all will be revealed soon!
Will the SP bounce back here?? My guess is it will, its 20% under the 0.50p placing price. Mainly due to small mcap, a few impatient sellers a and lack of news flow. 2.5 mill mcap with about 2 mill cash on last count JV PARTNERS IAMGOLD ARE FLAT OUT DRILLING, so its surely a matter of days now before exploration news is released. A re-rate is on the cards imo
sti
Stratex is a milking cow for over large and over paid directors and management. The raising will keep the gravy train of gross administrative expenses running for another 18 months. For the past six years all management have done is to spend cash and flog off assets one after the other. At least £40 Million has been blown and the poor shareholders have seen the value of the company collapse. Cameroon is not going to produce any cash for years. There has been no effort to cut outrageous Admin costs. The Chairman in place throughout all this showed and shows disdain for shareholders.and should have resigned long ago. In the unlikely event of there being any luck the rewards will disappear just like Oksut NSR and Altintepe. Stay Clear. Not for shareholders.