Stratmin Global Share Discussion Threads

[pictureframe] 25/8/2016 12:18

So they have until Tuesday to send over the money. Looking at all previous dealing dont be shocked if its delayed again.

[proactivest] 23/8/2016 15:46

Video interview with Brett Boynton



StratMin Global Resources PLC (LON:STGR) has disposed of its Graphmada business in Mauritius after the acquisition was agreed on Monday.

Acquirer Bass Metals Ltd (ASX:BSM) will make an initial payment of A$1.5mln in cash by the end of the month. The remainder of the A$15.25mln will be met through shares and a net smelter royalty.

Brett Boynton, chief executive, tells Proactive Investors '' through the sale we have ended up with an equity position which will enable us to pursue our joint venture with our technical partner Tirupati on another Graphite project about 20 km away from the existing operation.''

''Our focus will immediately switch, from an operational point of view, to the development of the Vatomaina asset'', he adds.

[thegrumpster] 22/8/2016 10:57

Shares have to be printed to pay salaries (RNS)

£300k not £800k (RNS) .....or probably less with the delay, is hardly enough to keep anything going let alone a JV.

How quickly and when can they offload the 75m shares?......or leverage them.

Hope we're not going to see any forward selling if it is decided to print a few more shares than is needed to cover salaries.

But then that does seem to be the way of AIM.

Do your stuff boys.

[thegrumpster] 22/8/2016 10:50

One of the purposes of a ramping stooge is to steady the ship while large shareholders run their managed shorts, as the share price gets ground down. They would want a controlled decent not a rout, as a sudden free fall represents money that has evaporated rather than money from small shareholders that can be transferred into the shorter's accounts. (Given that providers of shorts seem to be quite nervous and don't need much excuse to close the short....from posts on various boards. Probably why most small investors can not short)

European Investment Management, selling persistently for several large holders over the past year or more (according to illuminati...hence no holdings RNS) would IMO have been completely incompetent if they had not been running some kind of leveraged short for the duration of the selling.

In that way the large investors might have been able to recover a large part, if not all of the money they invested in the first place.

They'll now be ready to put it back in the new venture.

IMO the decision would have been made to get rid of the asset before Brett waltzed in and this has been a "done deal" from that point.

The stooge's job now, is to ramp this for ready the next spike.

Do your stuff boys.

[illuminati1] 22/8/2016 10:50

RNS 22 August 2016Bass Transaction UpdateStratMin Global Resources Plc (AIM: STGR), notes the announcements made today by Bass Metals Ltd on the Australian Stock Exchange regarding the approval at the Bass General Meeting of all resolutions including, inter alia, completion of the acquisition of Graphmada Mauritius and issuance of Bass Ordinary Shares to Stratmin in part consideration for the acquisition of Graphmada. Bass separately announced taking full operational control of Graphmada with immediate effect.1. Bass announced to the ASX today final shareholder approval for the acquisition of Stramin's 93.75 per cent. interest in Graphmada.2. Bass has taken control of all Graphmada operations, effective immediately.3. The cash consideration, payable by Bass to Stratmin, is A$1,500,000, which is expected to be received by 30 August 2016.4. This cash payment will be met from existing Bass cash resources and a fully underwritten rights issue.5. The first part of the equity consideration includes an immediate allocation of 75 million Bass Ordinary Shares, which is expected to be received on 30 August 2016.6. At the close of trading on the ASX on 22 August 2016, Bass' share price was A$0.024, up 60 per cent. for the day, valuing Stratmin's holding at A$1,800,000.7. Further consideration of up to A$8,000,000 in Bass Ordinary Shares to be paid to Stratmin subject to Graphmada meeting certain production milestones.8. A net smelter royalty payment from Bass of 2.5 per cent, capped at A$5,000,000, will begin in six months.With the sale conditions now met and Bass taking over operational responsibility for Graphmada, Stratmin will focus on the development of the Vatomaina Joint Venture with technical partner Tirupati Carbons and Chemicals Pvt Ltd. The Joint Venture includes the development of a 12,000 ton per annum flake graphite concentrate mine and processing plant at Vatomaina in Madagascar. Initial funding will be directed to site preparation and drilling for mine planning purposes. The Joint Venture company is already profitably trading third party graphite from Malagasy based producers. Please refer to the Company's announcement of 7 July 2016 for further information on the Vatomaina project.In addition to the Vatomaina Joint Venture and, as previously advised, the Board has been pursuing a number of corporate opportunities and remains confident that it will be able to complete a reverse takeover transaction within the six months following final settlement on the divestment (expected to be 30 August 2016) and maintain the admission of Stratmin's ordinary shares to trading on AIM.Brett Boynton, CEO, commented:"This is a great outcome for Stratmin and all Bass shareholders. The proceeds for the sale of Graphmada, which we are shortly to receive from Bass, means we are well funded to pursue our joint venture with Tirupati on the Vatomaina project and leverage everything the team has learned over the last year in Madagascar in developing our new graphite mine and processing plant."

[thegrumpster] 22/8/2016 10:28

"How to spot bashers like non-holding grumpster, beez et al...

Disappearing when good news released by a company or the share price is in a strong upward move, but filling the gaps in between with negative rhetoric to hit investors at their weakest"


How to spot a company stooge:

Read illuminati's endless cut and paste posts.

[escapetohome] 22/8/2016 09:23

Im in tiny profit after the spread i paid.

The bulls have answered the bears and its level pegging at the moment.

[comet5d] 22/8/2016 09:03

Great stuff - building nicely here

[illuminati1] 22/8/2016 08:57

LSEGood start but I think there is plenty more to come this week. May take a bit of time for the news to sink in but I think the share price will properly re-rate now especially given the strength of the BSM share price. We could be in for some very substantial upside here now IMO

[illuminati1] 22/8/2016 08:56

How to spot bashers like non-holding grumpster, beez et al...Disappearing when good news released by a company or the share price is in a strong upward move, but filling the gaps in between with negative rhetoric to hit investors at their weakest.

[illuminati1] 22/8/2016 08:03

Bass Metals closed up +60% at 2.4chTTp://ift.tt/2baVPeT Huge interest on ASX 5500 views in 9hourshTTp://hotcopper.com.au/asx/bsmStratmin will receive $1.5m cash and 75m shares at 1c current worth ~$1.8m on the 30th of august CEO Boynton:"With the Bass share price run we expect we are now fully funded to complete the JV with Tirupati."

[thegrumpster] 20/8/2016 11:49

Well at least we'll soon find out where the money for the joint venture is coming from.

With the delay there will now likely be well under £300k left from the $1.5 Aus.

Starting almost from Ground Zero?

"Source :
General meeting document, EXPLANATORY STATEMENT TO SHAREHOLDERS - page 15 -
Shares Options
Shares on issue 460,028,181 33,330,000
Tranche 1 Consideration Shares 75,000,000 0
Rights Issue 460,028,181 230,014,091
Joint Lead Manager Options 0 25,000,000
Conversion of loans to equity 60,090,367 31,887,553
Consultants 13,000,000 6,500,000
Director Options 0 12,000,000
Potential Placement 125,000,000 62,500,000
Total 1,193,146,729 401,231,644


Consideration shares, IMO a token gesture, 75m for us which is what percentage of the 1,193m total?

Hardly a significant holding.

Cash?....probably now not enough left to pay directors salaries owed?
Does that mean that in effect the cupboard would be bare if it wasn't for directors taking salaries as newly printed shares?
Aren't we sailing perhaps a bit too close to the wind, from a having enough money to exist, point of view.


Royalties?....Probably enough to pay towards directors expenses.

Production targets?.......When has a target meant anything to Bass?



Soon be time for the rampers to start earning their keep. (When they've loaded up).

[comet5d] 20/8/2016 09:38

Delayed 550000 buy before yesterday's close...

[illuminati1] 19/8/2016 12:33

panda1Posts: 1,911Price: 1.875RNS Today I think today's news will finally mark a turning point now in the fortunes of the company. The lowly market cap gives the potential for some very substantial against from the current share price STGR will retain a large stake in a fully funded mine which will greatly expand output. It now has the opportunity to capitalise on its relationship with an experienced graphite player with a new mine and a properly executed plant. There are also some very exciting opportunities in the graphite space that we are going to hear more about soon.

[pictureframe] 19/8/2016 10:35

We will see - let me guess the money wont be received by 30th August.

[colin12345678] 19/8/2016 10:30

Picture frame LMAO well done

[illuminati1] 19/8/2016 10:13

Summary by Jim LSEThe Bass Deal in effect is intended to swap direct 100% ownership of the mine for a percentage ownership in Bass Metals, who are raising the necessary finance to fully refurbish the existing mine and extend into the Mahefadok area.The effective dilution is only supposed to be on a par with what we'd suffer raising millions off our low mcap, but the deal de-risks us somewhat, leaving Stratmin available to focus on a follow-on project whilst maintaining a stake in the Graph Mada operations.Link with India is Mr Shishir Poddar, who is MD of Tirupati - an established Inidian graphite player. Shishir is also on Stratmin BOD and is instrumental in turning the mine around. He has a career of engineering knowledge in Graphite mining and, essentially, is someone I personally trust to get the job done.The deal itself requires meeting production criteria before we get all our shares. The criteria all make sense, they are no-where near 100% planned capacity at each stage.Stratmin will retain an engineering role in refurbishing Lohorano.I believe Tirupati, and another Indian company linked to Shishir Poddar, consolidate resources, are also involved in offtake from Lohorano.Basically everyone still has a stake in success of the existing mine, and Stratmin + Tirupati, through the next planned JV, have interest in the new mine. I've been invested for around 2 years, first as a dabble on production then increased expecting new BOD to turn this around, it's been a bit of a thorn in my portfolio but hopefully now we are finally at the turnaround stage. GLA

[knowsleyman1] 19/8/2016 09:53

A little bit of blue and the clowns are back again!!

[comet5d] 19/8/2016 09:51

This weeks top up below 1.5p doing well. Great stuff3p next

[illuminati1] 19/8/2016 09:21

No brainer at these levels.Stratmin will continue as a graphite company by acquiring the Vatamaina graphite mine from Tirupati with even better grades while being a major shareholder in Bass Metals.Bass will soon be a +$50m company.

[comet5d] 19/8/2016 07:52

News out in oz as predicted.
AGM on monday.

[wskill] 17/8/2016 11:40

Of course its great stuff if you plan to steal all the assets which is what is happening here and comet and his friends are paid to post their nonsense .