"Yes, a few days before the spike up to 2.25p+ There was a huge shake, which I bough significantly into. Sub 1.5p buying was easier and I had more available cash so I ended up with a very good haul, some of which I sold at 2.25p.
So I still hold my full holding but my average is getting down towards 2p now. Because I'm managing to rinse the rinsers I assume they will change up at some point, and I won't be moaning."
"One day they will dry up and traders (including my little sideline in buying sup 1.5p and selling over 1.75p in order to reduce my average) will find themselves locked out. So already we will see the next time it goes up over 1.75p there won't be that many with bargain shares to sell for 15-20%."
Who in their right mind would suggest that investors risk trading for 15-20% with a share that normally has a 30-40% spread...and sometimes more?
The only ones making money will be the brokers.
Wonder who he posts for?
If he wanted to lower his average it would make more sense to trade another more liquid share, with a smaller spread and then put the "profits" into STGR.
But then the brokers would not make so much.|
|It would appear that the market does not follow the postings of certain rampers on this site!!|
|I wish someone would pay me only £10,000 p.a. to reduce the share price by 2/3 in the time that I had been there!!|
|Excellent news over at Bass and at Stratmin.Current Directors salaries, as announced previously, is only £10,000 p.a. cash. Rest will be in shares. They were happy to take all their past salary in shares at 2.5p level. Why would they agree to this?Payday linked to rising share price Multi Bagger in the making.|
|Electric cars reportedly may account for 2/3 of all cars in wealthy cities by 2030
BMW CEO sees a sales surge coming in electrified cars hTTp://bloom.bg/2ee35wF
Germany’s Bundesrat votes to ban the internal combustion engine by 2030
Electric car revolution brightens outlook for a medley of metals hTTp://buff.ly/2d6MaJW #graphite #stocks|
|graphite, more of a shortage than in lithium?
|GraphiteFor Graphite, the USGS lists reserves at 230 million tons and production in 2015 of 1.19 million tons. Although production is about 36 times more than lithium, there is also a lot of synthetic graphite produced. The USGS estimated in 2013, the U.S. consumption of natural and synthetic graphite was 52,200 tons and 159,000 tons respectively.Simply based on USGS numbers there are 430 years of lithium reserves based on current consumption and 193 years supply of graphite. There appears to be way more lithium available, but keep in mind that bringing the reserves into production is a whole different matter.Graphite promoters will claim there is twice as much graphite in a battery than lithium. If you go by weight which is the best measurement, it might be more like 1.6 timesA large EV battery requires about 25kg (55 lb) of graphite for the Li-ion anode, which is around twice the 15 to 28 pounds of lithium I calculated. At 28 pounds lithium, it is close at 1.9 times more graphite.Benchmark Mineral Intelligence estimates in 2021, based on Tesla manufacturing 150,000 Model 3 units, Benchmark estimates that the company will consume 10,800 tonnes of spherical graphite for its anodes and 7,200 tonnes of lithium hydroxide as a cathode raw material.That equates to 1.5 times so I would say that 1.5 to 2 times is an accurate number.So that in itself is more bullish for graphite, but there are two larger factors at play.Spherical graphite has to be 99.9% pure carbon and go through a refining process to make and as a result, on average over half the flake graphite mined is lost in the concentration process. So to make ton of spherical graphite you need 2 tons or more of natural graphite produced. So in essence there is about 3 to 4 times as much graphite required for a battery than lithium.With lithium, it currently comes out of the mining process at between 90% to 95% pure, so not much waste to get the purity over 99% but it is an energy intensive and expensive process.There are currently two sources of carbon for the graphite anode. A synthetic process and spherical graphite derived from flake graphite.Spherical at $3,000 to $4,000 per ton has a cost advantage over synthetic at $10,000 per ton and spherical is far less energy intensify and more environmentally friendly to produce.The Benchmark article of April 1 also highlights that 100% of natural spherical graphite is produced in China, and last year alone production expanded by nearly 50%. Increasing demand has seen prices of uncoated spherical graphite increase by 10% in the last two months.Therefore, on top of battery demand increasing, we are also seeing demand increasing for natural graphite by a further factor because spherical is getting the nod over synthetic and it is believed this is Tesla's preference as well.Just these two factors means that demand or amount of graphite could outpace lithium demand by a factor of 4 to 6 times as it equates to the battery market.Most investors fail to understand or to have done the research to uncover these facts."The main determinants on the cost of the cell are the price of the nickel in the form that we need it... and the cost of the synthetic graphite with silicon oxide coating," explained Musk of Tesla.When you consider that there is more graphite in a lithium ion battery than lithium, the cost of graphite to a battery is more significant than lithium. Currently, the market is just focused on part of the equation and is ignoring graphite - but currently, to our benefit, I might add.Currently, Tesla sources their cells or batteries from Panasonic that uses synthetic and spherical graphite. However there are two important factors here, the trend towards spherical graphite and the fact that graphite contributes more of the cost of a battery than lithium.Graphite has not experienced the price spikes that lithium is going through. As a result, graphite's supply situation has fallen under the radar.There are a couple of other factors that could be very bullish for graphite. Lithium supply is diversified around the world with Australia and Chile as the top producers making up about 10% of supply each. Over 70% of graphite production is from China so any policy change there could dramatically move prices up.And a 4th and very important factor for investors is that the price of lithium stocks have jumped much higher and graphite stocks have been soft or lackluster. The old mantra that always proves true is buy low and sell high.Right now, the majority of investors are doing the opposite, buying the lithium stocks high and not buying the graphite stocks low.There is nothing wrong with owning lithium stocks and with batteries an important aspect of our future you stand to profit.However, from what I have uncovered for you here, I believe you should have 4 to 6 times more $$ in graphite stocks over lithium.|
|Tiny market capMarket caps 6th Oct, Bloomberg Bass......$18m ~£11m!! STGR................£3m!Non-producing Graphite companies in Australia ASX on a Bull runHexagon Resources..A$54m - £32mTalga Resources.......A$50m - £30mKibaran Resources....A$55m - £33mVolt Resources........A$76m - £46mMagnis Resources...A$380m! - £228mSyrah Minerals.........A$1 BILLION - £600m Madagascar peer, TSXEnergizer Resources......C$35m - £21mMason Graphite ..........C$148m - £89mBass/Graphmada will be valued way above $100million imo which bodes well for tranche 2-3. Furthermore we now know that Stratmin will continue as follow on business via the Tirupati option. The Vatamaina 12.000 t/pa graphite project is now fully funded using the millions of pound worth of Bass shares which will be operated by our JV Partner Tirupati India. They are graphite experts with 30y experience and have a proven ability to sell every ton they produce.3x - 10x Bagger just to catch up to our peersGLA|
|Company again feeding the plebs "information" through the rampers on Lse?
Using them to test the water, possibly?
"Wondered whether the BOD might be wise to change the company name, finally shake the old idiots hell bent on screwing this into the floor and give a nice positive message to those who stayed?"
"Tirupati" for a suitable name perhaps?
Having got rid of the asset for a song, may as well get rid of the listing for a similar "good deal".
The "idiots screwing this into the floor" with the shares to continually sell, to effectively and easily control any short were European Investment Management.....not small investors. About 10% of whom were pretty much blocked from buying and selling their shares, other than over the phone by dear old Barclays.
It would have been advantageous for insiders and large holders to screw this down, as the resulting rock bottom share price allowed them to paint the BSM thing as a "really good deal", and offset losses from dumping shares in any short.
Can't see this will be allowed to go anywhere until the spread is more reasonable and Barclays allow normal trading. Wonder if they charged, or are still charging a fee for their "service"?|
|illuminati - 2.5p in salary is excessive. They are not worth that much!!|
|Interview, research report and broker forecast next...No wonder BOD were willing to take all their salary at 2.5p|
|Earlybird, LSEMC £2.6mNo debt and all outstanding liabilities paid off. Current Cash £300k + £1.2m incoming staged payments in swap for the 75m Bass Shares STGR have been issuedRemaining Incoming royalty payments from Bass Metals: £7.6m expected between now and end 2017. 45% equity share with Tirupati JV in Vatomania Graphite mining licence which is to be a 12000tpa graphite mine to be in full production by Q4 2017. News on this due any time now as per last update.Pending deals: STGR is required to RTO in the next 5.5month period, it has been reviewing a number of options, one being increasing disclosure on their Tirupati JV which would be straightforward and almost certainly value accretive to STGR shareholders seeing as the MD of Tirupati is a director and significant holder in STGR.. Other opportunities they have been conducting due diligence in include energy storage, advanced graphite processing and other commodities such as gold. I personally think they could be eyeing something that works synergistically with the Tirupati JV such as advanced graphite processing which would allow them to capture huge margin from their 12k tpa mine. New management have really been hell bent on turning this company around over the past 12 months and as we can see from the past few releases things are starting to come to fruition now.CEO and Shishir both taking 75% pay cuts and receiving 50% of their £20k salary in shares at a premium (2.5p) going forward.Graphite is also going to be in huge demand going forward given its used in batteries, more graphite than lithium in batteries so when Tesla start firing up I can see a huge squeeze.Adding to that STGR is the only London listed Graphite producer.... over in Aus on ASX they command huge premiums hence STGR were able to leverage the sort of deal they have with the Bass shares in return for cash...Also Cash burn going forward will be much much smaller. Everything being leaned up. The historic burn was largely due to unprofitable operations at Graphmada. By bringing those operations to breakeven STGR were able to maximise the divestment value when selling to Bass and now Bass are responsible for those expenses and the CAPEX, the only costs STGR now have are London overheads.|
|Tirupati is in charge. Those Indians have tons of experience. Probably the most experienced team in any listed graphite company.Excellent stuff|
I'm all for this rising expotentionally!! Deep underwater here.
But I vividly remember Graphmada starting out with just the same type of comment. Lets hope this is not history repeating itself!!|
|Boom RNS"aiming to cost-effectively develop the lowest CAPEX per ton graphite operation in the world"|
|Graphite industry in China
Good read, clearly shows how much the world is hungry for non-chinese sources of graphite like the graphite from our graphmada mine in Madagascar. consistent quality, environmental friendly and security of supply are keys for success, if you add low cost, there arent many places today better than our mine in madagascar. lets hope we ramp up production as quickly as possible, and I am confident we will, all ingredients of success have been checked.|
|Today 22:05Directors taking shares at 2.5p is indeed a bold statement. They are sharing our pain, and their only significant reward from 18 months on the rollercoaster is going to be when the shares are worth more than they are today.It also, IMO, gives them more incentive to ensure the paperwork is properly in order to keep this listed, with the RTO or whatever they decide to do. No-one, not Tiruparti as a company, not Brett or Shishir, want to see this delist, which is why they will come up with a deal, either on the JV or with another project, to make this work.I increased my holding here when Brett took over - I just got a feeling for the man that he was out to make something of this company and the same message keeps on coming: he will get this company back on its feet. £8m deal for Lohorano was the consolation prize - we all wanted to see that mine working but the past company record made it impossible to fund the corrective action without drastic dilution.The JV though - that will be gold medal. Up and running with minimal fuss. With Mr Poddar at his side the BOD has the experience to navigate the funding, the engineering and the commercials. It will be done (IMO).|
|LSEGoing forward directors have taken a 75% pay cut from £80k pa to £20k pa with half of the £20k pa is to be paid in shares at the higher of 2.5p or the weighted average mid market prices 5 days prior to them being issued.So that's in total £20k pa cash burn from the two directors salaries down from £160k pa.If this isn't a bold statement then I don't know what is. With the JV partner, Tirupati Ltd's CEO on the board here at Stratmin and also opting to increase his holding here through taking salary in shares at premium it surely is a certainty that very favourable terms can be agreed regarding the full RTO with respect to Stratmin shareholders.|
|I repeat for anyone else who's listening. Current BOD did not spend it. Current CEO/and CTO salaries, as just announced, £10,000 p.a. cash. Rest is shares, so if we don't get anything back, they don't.|
|All AIM BOD care about is their salaries everything else takes second place, how much money have they spent on getting this mine working, or was it just get something done to show we are doing something yet drag out production so we get more salary.
The equipment was obviously sub-standard and not fit for purpose, this as been demonstrated by lack of product of high quality graphite attracting buyers.
Personally we will be lucky to get anything back....|
|It's hardly gifted, as some money has been received for an asset that was as yet NOT profitable and required new equipment to work efficiently enough to be profitable. And a good chunk of profit that flows will flow to STGR. I am still 'underwater', so pretty cheesed off at my prior innocence, as a lot was wasted in prior years. But we always have to evaluate the present and future. The past is gone.
The real problem is that the company is too small for institutional investment, either positive or negative, so even an honest team has a long road ahead. I don't think there's anything for shorters to make collapse, but they do have a route to profit by shaking out 'weak hands' of tired PIs tainted by the past. And they have a chance, I suppose, as convincing 'new' news will take a year. But I believe Brett Boyton and Shishir Poddar should be given the benefit of the doubt, as they have yet to earn their way to any riches.|
|This lot have stolen all the assets already there are none left only empty promises and in this AIM market that is a first. How can you ever hope to recover anything here when this is how they behave.Of course BASS have done very well being gifted the only operating asset we had which will soon be reported as being very profitable if you cannot see this has been a very well executed theft of assets from UK shareholders for the benifit of BASS and their shareholders then it may be better keeping the cash in the bank.|
|I can't see how Boynton/Poddar would want to sell those shares for less than 2.5p, so I would have thought share price should rise to that immediately on the news sinking in, especially given that their new cash salaries could be only £10,000 and the modest rest in shares. I really don't see how any detractors could now claim this is in the category of AIM shares where BOD suck cash from investors, do you? If the shares don't reach, say, 5p in a couple of years, they haven't made anything to speak of.
As a long-term holder, not a trader, I think you have to give this new team some team. They are nothing to do with the people that set up Stratmin and, having spoken to them, I know they've personally not had anything so far.|