Stratmin Global Share Discussion Threads

[illuminati1] 30/9/2016 09:37

"The point I keep repeating here is that the team are NOT starting from scratch with the new JV mine.They have in-country experience with a similar deposit in close proximity. Even though the current BOD only joined early in 2015 as consultants they have seen first hand the lessons of bad implementation from previous BODs. Tirupati has decades of knowledge in the engineering and wholesale side. BOD has a year experience expanding sales pipeline for Lohorano. They have financial backstop of BSM deal which will continue to feed through to the balance sheet in addition to the leveraging at later tranches.Brett told me stage one would be to rebuild the balance sheet. Stage 2 will be to secure the long term future of a listed growth miner and I have no reason to doubt him here."

[thegrumpster] 30/9/2016 09:09

"We have effectively swapped a 7% interest in an 8,000 tpa plant for a 45/145 share in a 12,000 tpa plant"

What did we swap (give away)to be left with the 7% interest?

Plus we swapped Marvin.....so maybe not all bad.

"As we know we currently have £300k cash in bank following the Bass incoming payment & after paying all outstanding liabilities......"


Not ALL outstanding liabilities.

There are still directors wages to pay, which they've indicated will likely be paid by share issue. IMO because £300k probably does not cover them, and if they'd taken the remaining money, where would the company be after a year of their efforts?

Run into the ground springs to mind. (Deliberately?)

How many positive updates and communications, some through stoolies, were crafted between David Premraj heading for the target company BSM 24 Dec 2014(followed by Marvin in 2015) and the announcement that BSM were having the lot?

[illuminati1] 30/9/2016 08:53

"to me £2.8m looks like good value for all this hence I'm a buyer and will continue to add. 12k tpa mine for a high quality graphite product profit margins can be $600-1000+ per ton. That means the profit could be a 45% share of between $7.2m-$12m pa. Minimal overheads so most will go straight to the bottom line.I see value.and that's projected profit not revenue.... I see so many times on these boards people mistaking the two.Revenue is meaningless its the margin with graphite production that excites me."

[pictureframe] 30/9/2016 08:10

Where is the revenue from the mine? Zero revenue? I don't think so.

[illuminati1] 30/9/2016 07:57

Earlybird LSEVery comprehensive summary and slightly exceeded my expectations with cutting the cash burn. As we know we currently have £300k cash in bank following the Bass incoming payment & after paying all outstanding liabilities then we have the staged $1.5m incoming payements leveraged from the bass shares which is a masterstroke as it puts something like a 100% premium on the value of these shares currently.We also have £7.6m staged incoming royalty payments still to come from Bass with the shares being able to be leveraged in a similar fashion due to the demand for them in Aus.Then in adition (which I believe the market is not factoring in at all currently) a 45% stake in a JV with Vatomania which is a 12000k tpa mine. Numbers on this to be received in the next few days.Some comments from Brett in my response from him yesterday:"Needless to say we are pretty excited with the deal we have done on the Bass shares for US$1.5m. We have effectively swapped a 7% interest in an 8,000 tpa plant for a 45/145 share in a 12,000 tpa plant which has been designed and and is under development by a team that has already done this twice in the past.In addition, the JV company is also reading graphite from other Madagascar producers and runs at a profit.We will be looking to do similar deals with the rest of the Bass shares as we receive them. "

[thegrumpster] 29/9/2016 17:57

"....they gave away a mine....."

And they still want STGR to pay them for their efforts. Brett has overseen a share price fall from over 5p when he arrived, to 1.6p now.

They've done more for BSM than STGR. BSM should be paying them this last year's salaries.


From LSE last night 21:40 "Earlybird"

".....We have been conducting due diligence on a range of opportunities over the last year. As announced these have included energy storage, advanced graphite processing and more recently other commodities such as gold......."

Gold.....after making such a success of the graphite.


But you can always rely on a better quality ramp with gold.

Illuminati will also be able to endlessly post ramptastic lists of gold explorers....with us always at the bottom......eeeehhhaaaa!

Lucky us.


Desperate to justify their wages and drag out the gravy train (thinking ahead)?

[pictureframe] 28/9/2016 17:38

So they gave away a mine on the cusp of profitable production to start again? lmao.

[beeezzz] 28/9/2016 17:34

How much of that money goes on salaries and how much funding the mine....it seems only those that draw a salary are making anything....PI's have been shafted left right and centre...

[knowsleyman1] 28/9/2016 14:49

Comet - And the price soon came down rather smartly once the market had properly digested what had been said. One thing I feel for certain it will not take very long to burn $1.5M.

[comet5d] 28/9/2016 13:28

StratMin surges after canny loan deal28 Sep 2016http://www.proactiveinvestors.co.uk/companies/news/166599/So, now we know how StratMin will finance its investment commitments to the 12,000 tpa large-flake graphite project in Madagascar. StratMin shares shot up on news of the loanIt should be full-steam ahead for the Vatomaina graphite project in Madagascar after joint-venture participant StratMin Global Resources PLC (LON:STGR) announced a novel fund-raising.The company has arranged a US$1.5 million non-recourse loan facility secured against its holding of 75mln Bass Metals Limited (ASX:BSM) shares, prompting a 22% leap in the shares to 1.83p.Working with a corporate investor that is an existing stakeholder in Bass, StratMin has agreed to assign security and voting rights over its entire Bass holding to the lender, in return for a 12-month non-recourse loan facility. The loan will be repaid in some or all of the Bass shares, with no cash amounts payable, and no interest payments.The loan will be used to fund StratMin's investment commitment to the Tirupati Resources Mauritius (TRM) joint venture and for general working capital.TRM owns the Vatomaina project in Madagascar, a 12,000 ton per annum large-flake graphite project, currently being developed by Tirupati Carbons and Chemicals Pvt Ltd.The redemption amount of the loan is set at 120% of the amount drawn down – referred to as the basic redemption value - plus 50% of the value of the Bass shares in excess of the basic redemption value,"By working with existing Bass stakeholders and leveraging the value of the voting block held by the company, we were able to secure funding on terms well in excess of the open market value of the Bass share holding," said Brett Boynton, chief executive officer."This facility gives us capacity to fully fund our commitment to our joint venture partner without any delay to the planned development of the Vatomaina project. Now that Vatomaina is funded, we will work with Tirupati to release a detailed project review and update for shareholders within the week," he added.

[beeezzz] 28/9/2016 13:12

If this gets back to 20p it will be the biggest miracle we've ever seen on AIM market....sorry this is now finished and has been since they got involved in BSM.

Knowlsey....Those bigging up this company do not hold shares.....

[illuminati1] 28/9/2016 11:05

LSEWe will get a comprehensive report out on Vatomaina in a couple of days. It is a great project and now have it funded.There is a possibility with the Vatomaina deal now funded they can re approach AIM and have that as their qualifying asset, then they expand the project when they get the next Bass monies in.

[illuminati1] 28/9/2016 10:55

Jim Personal thoughts:- Is now partnering with proven experts in graphite mining engineering and distribution (Tirupati)- Has a relatively new BOD hungry for success here- Sold its previous asset to BSM for GBP8m in cash and equity- Secured funding for next venture from part of the BSM equity- HAS YEARS OF LOCAL EXPERIENCE IN MADAGASCAR- Will leverage that experience to get the new JV mine up and running - they now have the dream team to achieve that.GLA

[knowsleyman1] 28/9/2016 10:18

When you consider just how much money we spent on the mine that we have given away I find it amusing that one of our regular pumpers thinks that we are now adequately funded to move forward with the joint venture. Just which idiots are you trying to fool?

[jumpenjim] 28/9/2016 07:25

poss a bit movenent this morning ?

[comet5d] 28/9/2016 07:24

RNS!! Funding for Vatomaina secured via bank loanBrett Boynton, CEO, commented:"By working with existing Bass stakeholders and leveraging the value of the voting block held by the Company, we were able to secure funding on terms well in excess of the open market value of the Bass shareholding. This facility gives us capacity to fully fund our commitment to our joint venture partner without any delay to the planned development of the Vatomaina project.Now that Vatomaina is funded, we will work with Tirupati to release a detailed project review and update for shareholders within the week."

[comet5d] 24/9/2016 11:03

Electric Bus Sales Exploding In China

[comet5d] 24/9/2016 08:14

EV boom requires ready graphite supply

[comet5d] 24/9/2016 08:07

GM Will Use EV Batteries to Store Renewable Energy

[thegrumpster] 23/9/2016 16:20

VSA are mentioned from the Main Market listing on June 23rd to 6th November 2015 on the bottom of eight CICG RNS's, so they were probably doing a bit more, for a bit longer, than just being "Financial Adviser for the listing on the LSE Main Market Financial Adviser".

[comet5d] 23/9/2016 16:19

9 years ago?! LOLVSA held a conference on "The Emerging Battery World and the Metals and Minerals required" about 2 months ago."This is probably the most exciting space in the mining sector currently and also is an area that generalists are starting to turn their attention too. End users are also realising that securing a safe quality supply is vital and that may become a race between not just manufacturers but also countries and China is certainly going to make sure it is at the front of the queue.Understanding the whole battery supply chain is important as it is much more complex that what people have been used to with base metals that have been the backbone of the mining industry over the last 100 years. There will be a variety of end products in the battery world depending upon their use. Lithium batteries will become increasingly important and Vanadium flow batteries have huge potential."