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STGR Stratmin Global

1.125
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Stratmin Global Investors - STGR

Stratmin Global Investors - STGR

Share Name Share Symbol Market Stock Type
Stratmin Global STGR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1.125 01:00:00
Open Price Low Price High Price Close Price Previous Close
1.125 1.125
more quote information »

Top Investor Posts

Top Posts
Posted at 24/8/2018 13:34 by raggedtp
With repect, aren't small investors always the door mat? It happens in private companies too.
Posted at 24/8/2018 11:45 by thegrumpster
So if our dear leader decided to find another STGR to plunder, under the guise of looking after "shareholder interests", would any of us be any the wiser?
Must be plenty of companies out there who would want a CEO who will work for expenses.
Don't fool yourselves that it would now be for our benefit. On a "Boutique" exchange the customer and insiders have the whip hand.
Small investors are the door mat.
Posted at 25/5/2018 18:10 by thegrumpster
"Then new documents will appear for you to look at and consider, and they will look to float on ASX early next year probably. "


Thought it was an LSE Main Market listing that they were talking about, not the ASX.

---------------------------------------

"Monkeybusiness
Posts: 1,236
Off Topic
Opinion: No Opinion
Price: 0.00
View Thread (5)
email from Brett
3 Apr '18
We had an unexpected problem with the AIM market deciding that StratMin would ned an additional GBP5 million to list. This was obviously going to create significant dilution and was not supported by key shareholders.

Following this hurdle being set very late in the process, we met with the NEX Group in London and they gave us a pre-eligibility clearance to list on the NEX Growth Exchange without an enlarged working capital funding. This is being used as a stepping stone to a main board listing in London under the European Union regulations for a £Standard Listing£. The NEX gives us two advantages, it maintains the tax concessions for UK investors and enables us to establish a clean UK PLC group to take to the main board listing. It is also about a third of the cost of an AIM listing which ultimately means more money in the ground testing.

We have today executed a revised agreement with Titeline Drilling in Australia to cornerstone the NEX listing.

The Scheme Implementation agreement with the change from AIM to the NEX has been executed and the revised Scheme is now in front of ASIC, the Australian Regulator for approval.

We hope to have full shareholder documentation circulated in the next week with NEX listing immediately after the shareholder approval.

Peterhouse Capital have undertaken to provide a minimum of GBP500,000 alongside Titeline and our other investor interest. This will be added to the receipts from Bass and a tax recovery of EUR700,000 which dates back to pre Graphmada operations when StratMin was a trading business. The budget will enable us to complete the drilling program required and fund the listing of the company on the main board of the LSE.

We are also in due diligence now with a number of major international gold producers who are looking at collaboration in either a JV or equity participation in the Specimen Hill project in Queensland. Ideally we will bring one of these discussions to a successful contract alongside the listing on the main board.

The technical team continues to work up Specimen Hill. The final drill targeting analysis has been completed by our geophysics contractors and is now being modelled with the drilling team. We will have rig availability from early May to begin drilling as we complete the NEX listing.

It has been a very convoluted deal and the about turn from the AIM team caused us a bit of anxiety, but we are now confident that we have a better long term solution with a main board listing, away from the problems of the NOMAD system on the AIM.

As all of the management team are equity incentivised, we are pushing ahead as quickly as we can to ge the listing done and run the drilling program to post up the maiden JORC resource.

Regards

Brett"

-------------------------------------------------------------------
Posted at 12/5/2018 12:38 by thegrumpster
"Am I on my own in thinking that from the day Boynton got involved with Stratmin he had just one aim and that was to turn it into a Boynton family feast?"

Certainly looks that way to me, as well.

Wouldn't be surprised to see a few family members singing his praises on here.

Maybe they already have.

When he was overseeing the drop in share price, to more acceptable levels for Signature investors?
Posted at 04/5/2018 17:43 by rogerbongos
Where do you see the information under 'investor information'?

All i see is the old stuff on StratMins website

They've updated the front page with Signature Gold info.
Posted at 02/5/2018 10:45 by david.susies
Finally a lot of stuff on their website under "investor information"

Will my shares become tradable Automatically on LEX?

Best of luck other shareholders
Posted at 11/3/2018 08:13 by thegrumpster
Vidaloca post on Lse.

Extracts:

"....we decided that it was not appropriate to change the deal and would instead take the listing to the main board of the London Stock Exchange, bypassing the AIM market. Recognising that investors such as yourself have been waiting for liquidity on the planned AIM listing and not wanting to delay that, we met with the NEX exchange to discuss an immediate listing on that exchange which could then lead into the LSE standard listing on the main board by June. We submitted a pre-eligibility clearance application this week and received, overnight, confirmation from the NEX that we qualify for listing on the exchange....."

"The AIM market is not well understood in Australia and a main board listing is far preferable for attracting new Australian intitutional investors going forward."

Main board listing?

What's the betting that we end up stuck on NEX for the next few years.

None of the estimated time frames for a course of proposed action, have ever seemed to have worked out for this company. Look at all the business with BSM.


"The AIM market is not well understood in Australia...." has been used before by companies wanting to retreat from the AIM side of things, when finances become stressed, and AIM investors stop buying the "story".

The trouble is that Australians understand the AIM market only too well. That could be why many of them like to list here so that they can plunder it.
Posted at 04/3/2018 20:28 by thegrumpster
There has never been anything to stop this company from keeping investors evenly and correctly informed.

By feeding information through the "select few" it makes it too easy to spread rumours and misinformation, through what effectively become company stooges.

Range resources were masters of this. The iPad RNS.

Why can't they just be straightforward and open. It would be so much simpler.

Wonder if Beaufort would agree?
Posted at 26/2/2018 21:18 by thegrumpster
"Does anyone know what happened ......."


No. Not me anyway.

Over on the Lse board there have been comments about not keeping investors informed.

Supposedly it will change. We'll see.

From Lse: (extract)

Bignuggets
Posts: 484
Off Topic
Opinion: No Opinion
Price: 0.00
RE: Morning all
Sat 09:05
"Thats a fair point which I brought up at the AGM. Going forward Brett wont be making the same mistake. Tectonic have even hired a marketing company that specialises in Social Media......"


They don't appear to be earning their salt, so far.

Can't think of any AIM PR companies that do, off hand.
Posted at 03/2/2017 14:28 by thegrumpster
The 2 page investor fact sheet on the Signature website still talks of things that are expected to take place in 2015, showing a certain lack of interest in keeping things updated. So my guess is they haven't exactly gone anywhere in the last couple of years.



Edit:
From document properties

" Title: PowerPoint Presentation
Author: Brett Boynton
Subject: -
Keywords: -
Creation Date: 10/11/2014, 00:11:37

Modification Date: 10/11/2014, 00:11:37 "

So written about five months before he joined STGR in 2015, after failing to excite investors a second time? (Although gold was on its way back down at that time).

Signature investors now have the "AIM placing game" to look forward to, instead of just waiting for Brett to pass the hat round for some more "endless drilling" financing.
AIM investors would be the cash cow to keep Signature investors happy while they're waiting for a return on their investment which could normally be after a good few years drilling.

SOLG looks like it's going to be the house rampers' comparison of choice, even though they had several years drilling with the share price stagnating or drifting down, before they had the current rise.

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