Member Info for kulabkhan

Totally agree Botrot have been an investor for many years and it is not just the bad feeling but the bad stench eminating from the Board of Stratex. Shareholder value is being destroyed. Altintepe sold cheap and the cash generated sunk into a hulking hole at Crudader. Disgusted.

Blackrock, Antofagasta are serious companies and will no doubt see through the Crusader nonsense as have Anglo Gold and Teck Resources who both have international reputations and hold shares in Stratex unlike Englebrecht.

Really ? Altintepe a producing mine was suddenly flogged off because 'it was said' that we no longer trusted our long term partners Bahar who had paid up front for all the mine costs over $39 million, with Stratex free carried - that demonstrated Bahar's trust but Englebrecht did the worst deal at the quickest lowest undervalued price Why ? why then : Then bought into a cashless Crusader hulk paying far to high a price to the detriment of Stratex shareholders. Teck Resources and Anglo Gold know what they are doing they are both fine major mining companies who know what they are doing. They are leading shareholders on the company and they are the ones scuppering this Crusader nonsense not Hall. Get real

Blow it on cashless hulk Crusader and dilute Stratex shareholders to extinction . Clearly not in our interests and clearly this will be stopped as Anglo Gold and Teck Resources and Thani are large reputable companies and shareholders who have had enough of this nonsense. Englebrecht can vote against oh I forgot he hasn't a single share in Stratex a striking fact for Stratex shareholders who have seen the so rot under him. Only now we see the possibility of change in favour of Stratex shareholders interests. Crusaders on the other hand deprived of Stratex cash will not be happy nor Englebrecht Altintepe was flogged cheap at all our costs for this Crusader nonsense.

Anglo Gold and Teck Resources are top mining companies their intervention to me means that the Crusader deal proposal is so bad that all of the shareholders should take note.

As ever with Stratex with so many hubs and projects the cash leaches away. How much have the BODs spent ? Must be £50million in total ! They went through Oksut cash double quick time.

Another flog off, where's the producing asset with regular cash flow ? Oh I forgot we sold it.

Sorry for messy confused post reflects the messy confusing RNS

Stratex sold a producing asset in Turkey before receiving any cash flow in order at a low price in order to promote the interests of the directors umm sorry diluted shareholders in projects not yet ready for production.

The Maths are unfavourable to Stratex and favourable to Crusader. As to 'the bottom' past history reveals many Stratex bottoms does it not ?

As expected Henderson's August increase in dividend. Now 5.3 pence a quarter.

The Maths of the 'reverse takeover' favourable to Crusader and disadvantageous to Stratex shareholders ?

Some shares have more risk than others.

Happy to have held for sometime. Vietnam is a young country in every sense, hardworking, determined, entrepreneurial, going places. Speaking from some time in the Country, It has got tremendous prospects. Today the Vietnam Stock Market is up again and on Friday there were large purchases of VOF by Institutions. So today VOF shares are at the moment "off" a little. However the outlook imo is strong.

HFEL are spread across the Asia Pacific. The simple question of investing here is whether the Asia Pacific region which has more than half the world's population and is growing faster than elsewhere is a better investment than the old world even when the UK is not being brexit bashed from pillar to post and might have found one honest pragmatic politician ? Add to that a current 5.2 percent dividend rising in August and take your pick.

Quote from 2016 year end Accounts "Dividends A fourth interim dividend of 5.10p has been declared making a total of 20.00p for the year. This total was fully covered by revenue for the year which also allowed for a modest addition to our revenue reserve, which will underpin dividends in future years. Your Board is confident that it will be able to at least maintain the level of total dividend in the current year."

Drifting What's not to love about HFEL. Higher growth areas of the world economy and a consistently higher dividend yield to give comfort if times harden as they could.

Murphy's Law Goldman. The new CEO is exceptional a strong financial and mining background. looks first rate. Unlike the old bunch.

600k ounces bulk sulphides not oxides.

Ivans problem is there is no revenue, there was an asset sale last year of the last of Oksut. Meantime Administration costs are over £2million a year and so Stratex bleeds cash. Altintepe was the hope but there is a problem with the agreement with the majority partner and some legals so no cash coming in. A mess.