Member Info for kulabkhan

I may be mistaken but following the Thani Stratex deal if it goes ahead Stratex share of Thani-Stratex goes up considerably, I think I saw 56% on a report. Our partner Thani is extremely wealthy and is bringing to the table substantial Egyptian projects. Dilution will be vastly less than the Crusader nonsense which was a killer for Stratex shareholders. Englebrecht and Stratex BOD had committed $3-4 Million in paying hugely expensive advisors if Crusader went ahead. Stupid for tiny Stratex talk about burning shareholders interests and funds. Simply suicidal financially. One thing for sure

What BOD ? After Bob Foster and Christopher Hall resigned (the driving forces previously behind Stratex) Englebrecht was appointed and drove Stratex to the brink of the Crusader disaster. Both Englebrecht and Crusader have been removed by shareholder requisition. Stratex BOD is left with no CEO a solicitor Chairman, a part time CFO ? and a non exec. No drive, no direction imo. David Hall is needed now without further delay. Appoint him to the Board and get on with creating value for shareholders.

Well the shareholders voted Crusader is dead. Thani Stratex the alternative. Or are the shareholders going to be ripped off again on a technicality whilst the residue directors pocket yet more of shareholders cash in costs and expenses. Ludicrous.

The BOD needs to act promptly and carry out the shareholders expressed wishes, The Chairman standing down as well as Englebrecht.

Dalafin gold project in West Africa Muratdere copper project in Turkey plus a couple of small Turkish Gold projects and Thani Stratex in Egypt and Djibouti. That’s about it I think

Good news, the Chairman is well passed his sell buy date. Expect further developments. Well done the shareholders of Stratex.

Please read Unregulated Market

Agreed. Stratex has been decimated by Marcus Englebrecht running Stratex as a private domain in the face of protests from many shareholders small and large. Arrogantly selling Stratex assets for below market value and cost value in the case of GRL. Agreeing an overpriced Crusader deal which is a company desperately short of cash just to survive. Lending Stratex cash to Crusader to keep it going. Not in our the shareholders interests at all. Now he scrambles by hook or by crook to keep control in the face of a widespread shareholder revolt. Anglo Gold bought out and vote reversed just before the crucial meeting. Unethical releases and documentation to shareholders false news. A complete rip off. The Crusader deal will dilute Stratex shareholders virtually out of existence at best if the ordinary shareholders lose the vote, their best interests will be submerged and lost. AIM is an INREGULATED market, that means anything goes for the wheeler dealers with your hard earned money. Unregulated to ensure your money is available to be ripped off. WTF.

AIM should be shut down allowing rip off merchants to run companies who have no intention of working for and in shareholders interests imo ?

The ISS Report is not attached to the RNS. A most peculiar and unethical RNS from Englebrecht. No report is available from ISS anywhere currently ? Just another attempt at hoodwinking Stratex shareholders. No figures, No facts. Just Bullshit.

Crusader is surviving on Stratex loans to survive and pay grossly overpaid directors. Stratex is being stripped of it’s cash and assets to keep Crusader afloat. Hope you understand that ABLE.

Crusader is in a desperate cash shortage grasping loans out of Stratex to try and stay afloat.. Are you a Stratex or Crusader shareholder ABLE ?

Fantastic Catastrophic loss making deal Englebrecht style totally disgusting and to Fund Admin costs. Crusader is a monstrous loss making deal for Stratex shareholders who will be diluted out of existence. How much damage can Englebrecht do to Stratex ? stinks .

Agree Chaz the only sensible vote is in favour of all the resolutions. Altintepe sold cheap, Stratex undervalued in the proposed Crusader deal, Stratex directors awarding themselves at Stratex shareholders expense and propose diluting us all out of existence, madness not to vote in favour of all resolutions. Englebrecht must go.

Except we own 30 percent of Thani Stratex and are supported by two of the finest mining companies Anglo and Teck who can see through the Crusader nonsense.

Stratex cash is but a drop in the Ocean of Cash probably $100 Million plus required by Crusader to have any hope of developing any cash flow and in the process see Stratex shareholders diluted out of existence. Crusader is already clawing loans out of Stratex to try to keep going Englebrecht by any measure agreed to sell Altintepe too cheap and by any measure overvalued Crusader. Now Stratex share price plums new all time lows it has halved in value under Englebrecht in a short time that is what the market thinks clearly about Englebrecht and the grossly overvalued Crusader deal. Crusader posters pose there case here but it is not Stratex shareholders interests that they are promoting.

Marcus Englebrecht has crashed Stratex share price to yet another all time low. Crusader posters are desperate for Stratex cash which is already disappearing in loans to Crusader. Wake up to reality.

The facts are : At Altintepe our partner Bahar : Free Carried Stratex through Altintepe development and mine production spending over $40million of which Stratex 45% owner contributed nothing. At the point of production Stratex/Marcus Decided they needed cash immediately and Bahar again obliged without delay or quibble and paid out £6million to Stratex. Practically every Stratex shareholder on all BB and Anglo Gold, Teck Resources etc say the sold price was low too low. Except now Marcus:Stratex now say it was 'good'. There is no evidence at all that Bahar were other than honourable on the contrary. Secondly, Crusader is desperate with no cashflow and requiring immediate funds which they are already taking from Stratex Altintepe proceeds. Thirdly Crusader requires huge additional funding $100 million or more to develop any cash flow and Stratex shareholders will be diluted out of existence. Fourthly practically every Stratex shareholder on all BB and Stratex major shareholders including Anglo Gold an Teck all are against the Crusader deal and by any sensible measure the deal greatly overvalued Criusader and Undervalued Stratex. Your post is nonsense Able and rather silly for such a hugely experienced investor.

Able' s post defies all the very clear evidence 1. That Stratex sold Altintepe far below market value. 2. That the deal with Crusader undervalues Stratex Cash and Assets and grossly overvalued Crusader. As for Able being a highly experienced investor perhaps Stratex largest and highly respected international mining companies who are against the Crusader deal : Anglo Gold, Teck Resources, Antofagasta etc know what the facts very well and better than a Crusader shareholder Able who is desperate to find cash to keep that company in business for a few more months.

Stratex Board have no shame announcing a new directors' incentive scheme. Unless the shareholders vote them out along with the Crusader deal, forget your investment in Stratex and write off the cash. It is being grossly and indecently melted away day by day.