Member Info for Romeike

Guys - if you want to scrap this deal and get rid of Marcus you need to be getting in touch with your nominee AS SOON AS POSSIBLE. Voting is a right faff, but it's really important to get your vote in because if the deal goes ahead your holding will be so insignificant you won'y have say anymore. Get the corporate actions team of your nominee to help you vote, and then check with the registrar that your vote has been submitted correctly. Remember you to stop the deal you need to vote IN FAVOUR OF (FOR) all five of the Requisition Shareholder Resolutions.

Glib, you've completely missed the point that the does not have to get to anything like a market cap of £80 MIL. Part two of the LTIP only requires the company to have an on paper valuation of £40 mil if I recall correctly, the value he can argue the company is "worth" post merger.

No Glib. The RNS is worded very carefully. There are two parts to the CEO incentive plan. The first part sounds all very impressive with its big numbers etc. the second part is not impressive at all. The important thing to realise is that Point 1 OR (not and) point 2 is all he needs to do, therefore the big numbers Point 1 are totally irrelevant. Frankly it's one of the biggest ****-takes of an incentive scheme I've ever seen. Why did they ignore Thani and insist on this incentive scheme-generating reverse takeover? I simply couldn't comment on that.

I'm afraid you are wrong about Blackrock and Orion. You appear to be supporting the kind of CEO who pushes ahead with a deal that has no sensible economic basis and without having first secured the support of the major shareholders. Englebrecht isn't competent to hold his position in my opinion and I look forward to his humiliating removal given that he has chosen to ignored shareholder requests for him to step down quietly. Perhaps you might care to explain why your support extends to the outrageous contract terms extended to two of Crusader directors. Or maybe your support for the outrageous incentive plan that was set for him. Or perhaps you might want to take a look at the recent SP Angel report raising a plethora of concerns and peculiarities around this deal to address why Stratex is being sold as a cash sell and why Crusader is being valued more than 65% over its 9c share price. Maybe you can explain how with all the costs and expensive management the proposed mine will never return any cash to shareholders, it won't be built for three years, won't be profitable for a further 5 years and even then that's just the mine build paid for, you've then got to cover salaries, bonuses, interest on loans etc. No. This deal reeks and it will be pig snouts in troughs all the way.

I was referring to one of the Crusader directors

So to my knowledge the latest is five of the top seven will vote against the deal, the other two have not yet declared intention either way. I haven't found a single private investor who supports the deal.

If you would like to join me as being represented on communications between the requisition shareholders and the current CEO of Stratex as opposing the deal I suggest you please urgently contact Paul Foord with your name and number of shares held. It could increase the chances of an earlier resolution if it becomes apparent that there is overwhelming reaction against the deal. I've also seen further details of the arguments against the deal and much of it mirrors what we have discussed so far. In particular the value destruction that will occur for current shareholders and the very expensive management and overheads the new company will need to support. I am happy to chat with people privately if you want to discuss in more detail. Originally I had been encouraged by the involvement of a high profile investor supporting the Crusader deal. But now I consider that high profile investors probably don't care about wiping out people like me in the process of getting richer.

Yes I think so too. I don't understand why it's taken them so long to get involved, perhaps they've been kept in the dark to certain details of the deal. I do believe the same entity that forced Bob Foster's resignation are behind this. I think they are possibly ****ed off about the apparent neglect of the Goldstone asset and this ridiculous "deal" that to me just seems very suspicious from the start. I cannot see a single thing about this deal that looks like good value for Stratex shareholders. To me it just looks like one company giving its cash to another company for next to nothing.

Me too, and yet these and other junior miners are all over the place right now.

Some other juniors seeing decent recovery in share price, hopefully STI will follow this trend also. Even grumpy guts might make a positive post then.

Looks as though annulment of EIA rejected by court, mining free to proceed without that cloud hanging over it now.

you do have to wonder whether there is any value in them retaining Yellow Jersey

Shows as a sell :D

Don't panic captain goldman! Nothing happening here until after fed D-Day.

I wasn't considering a great depression ( which I assume is the -10% deflation!) - but of course anything is possible in this screwed up global economy! I expect it will be more of this plodding along as per recent years with bouts of volatility every time a central banker opens their gob - something I'd prefer they did a lot less of tbh.

Perhaps, but is there much more scope for less inflation given we are already negative? Is there much further for the already very strong dollar to strengthen and even with a 0.25/0.5 rate rise, quite possibly the only rise for 12 months (if it happens at all), real rates will still be zero or less. I'm not expecting any significant rise in prices for gold, but I do think it will trade 1000 to 1100 for the medium term.

Every man and his spread betting granny knows gold price is about to collapse. And that is exactly why it won't imo.

Gold spiking back up toward 1100

Good luck with your investment, a decent price there for 324K shares. Let's hope this is the bottom.

Anyone going to the expo in London? http://london.minesandmoney.com/