Member Info for kulabkhan

Talking facts not fiction. For shareholders value is represented by the share price which at both Stratex and Crusader plumb new lows following Englebrecht No bluster will alter that. Englebrecht was voted down by the shareholders at Stratex and resigned. Your posts represent management and a discredited management which has failed and destroyed shareholder value.

ABLE Marcus Englebrecht Value Destruction ? silly question when both Crusader and Stratex share prices are hovering at all time lows, with cash burning and asset value collapsed. Where did £4.5 Million of Stratex cash disappear to during Englebrecht’s short time at Stratex ? Where has shareholders’ money gone ? That is value destruction. Crusader is approaching a cash burn crisis and faces massive dilution. That is value destruction.

Previous post refers to ABLE and value destruction at both Stratex and Crusader under Marcus Englebrecht manament.

Not at all clear what you are talking about. Marcus has achieved nothing other than value destruction at both Stratex and Crusader. By all means follow the man if you wish, but encouraging others to do so is on my opinion disingenuous. Claiming success out of failure indeed.

It’s basically a net gain to shareholders in the end. The NAV is at a premium so they keep a lid on that by issuing shares at above the day’s share price. The cash raised above the share price so for example they could go out and by more Samsung or whatever looks good. Pro Rata the existing shareholders end up with more shares and higher dividends, not a lot but just a bit each time. So good overall and good for the Trust that has a growing capital base.

The Vnindex Vietnam Stock Market up again this morning by 1.4% with strong company and economic reports.

The news from Vietnam and VOF continues to show positive growth. Pleased with performance.

Very Good Questions The very phrase used by Englebrecht on the media when faced with difficult questions which he also dodged.

Stratex never received an income from Altintepe because Englebrecht flogged it off quick and cheap. I would like to know where £4.5million in Stratex cash went over his short period as CEO Of Stratex ?

in my view and as events have turned out with millions disappearing from Stratex cash balance over the last few months. It wasn’t the result of a foul up and it is totally unsurprising that Englebrecht has ended up at Crusader is it not ?

Last quarter GDP growth accelerated. In Vietnam the stock market is up 2.45 Percent this morning and Added again to VOF on weakness.

The Vietnam stock market has now grown 40% plus over the year to date and VOF has a discount to NAV of over 18%. With Management now paying twice a year dividends of around 2.4% and the Vietnamese economy growing at a healthy 6% plus. Have added again.

Exhibition will have been booked some time ago I guess. Do hope we shall get back the disgraceful loans to Crudader , otherwise the cash balance will be far less. The Chairman who oversaw those loans should depart and be replaced without further ado or delay.

Thanks for that Chaz, Nightmare of Stratex Board Meeting all playing six fingered banjos ‘We want it all and we want it now. Apologies to Queen.

Gyllenhammer is on the other hand good news I think. Great country Sweden my son and his swedish wife live in Sundsvall and the swedes are on the whole very pragmatic sensible people imo. Thus Gyllenhammer’s building a position should be good news

Chaz Not sure whether you are pulling legs. This purchase from an expert mining company Anglo Gold who were voting for the Requisition and against Crusader and the vague nature of the buyer, who immediately switched sides and went Engleberks way, occurred days before the vote at the General Meeting. You may put this down to coincidence I certainly cannot, it is plain what happened and why imo ?

The Vietnam stock market has grown over 30% year to date. We have now to consider that VOF is paying a twice yearly dividend. Which calculates at the moment to 2.4% per annum. We also have a heavily discounted investment trust VOF with assets worth 17% more than the share price. The Vietnam stock market was up 1 Percent today. The Vietnam economy is growing rapidly around 6% a year. VOF has a strong record of growth. Bought again.

Unbelievable the disfunctional Stratex 3 also rans on Stratex BOD now want to bring back BF yes the same BF who destroyed shareholder value from 2013 to 3016 £30million down the drain. Finally he was gone to be replaced by Englebrecht! Now they bring the old back, his pockets jingling with past huge bonus and severance paid for by all of us long suffering shareholders They call BF ‘a safe pair of hands” do the disfunctional three ! Now we have a disfunctional 4 Board. There has been a General Meeting and shareholders clearly voted in majority for the Thani Stratex proposal. BF is old guard Stratex, snout in the trough. What have they to hide ?

This fight may not be yet over. Stratex Board now consists of a solicitor Chairman, a part timer CFO and one non executive director. There is no CEO, there is no experienced geological, exploration, mining companies expertise. The shareholders have made their views clear in an amazing vote for AIM and kicked out Englebrecht and the Crusader deal, beating disingenuous manoeuvres employed by the old Stratex Board working with disdain against the wishes of shareholders large and small, vastly experienced eg Teck, Antofagasta and Anglo Gold (bought out strangely and shares reversed voting at last hour) Here we have a solicitor Chairman desperately working against shareholders wishes, as voted and expressed at a General Meeting. What are they covering up ? if they do not establish an experienced Board working in the interests of shareholders it makes one consider that the solicitor Chairman dare not stand down ? That the three of them dare not appoint David Hall as CEO ? Why ? Well the suspicion grows by the hour that they do not want some dreadful misdemeanours uncovering and failures in their duty ? I hope I am proved wrong ? But there has been so much for shareholders to bear already from this lot I fear I may not be so ?

RNS out