Stratmin Global Share Discussion Threads

[illuminati1] 05/10/2016 09:44

Interview, research report and broker forecast next...No wonder BOD were willing to take all their salary at 2.5p

[illuminati1] 05/10/2016 09:41

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.

[comet5d] 05/10/2016 09:35

Tirupati is in charge. Those Indians have tons of experience. Probably the most experienced team in any listed graphite company.Excellent stuff

[talkingtoplants] 05/10/2016 09:24

Comet

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!!

[comet5d] 05/10/2016 09:17

Boom RNS"aiming to cost-effectively develop the lowest CAPEX per ton graphite operation in the world"

[comet5d] 04/10/2016 15:00

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.

[illuminati1] 03/10/2016 23:01

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).

[illuminati1] 03/10/2016 23:00

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.

[raggedtp] 03/10/2016 14:27

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.

[beeezzz] 03/10/2016 13:21

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....

[raggedtp] 03/10/2016 12:54

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.

[wskill] 03/10/2016 11:44

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.

[raggedtp] 03/10/2016 10:51

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.

[illuminati1] 03/10/2016 10:45

Bass Metals is paying Stratmin a total bid package in cash, shares and royalties valued at A$16.3 million. Thanks to the improved exchange rate this deal is now valued at £9.7 million ~5.7p. Bass metals have A$7 million in the bank so are fully funded going ahead, which is needed to quickly expand graphmada's production. Which means Stratmin will receive Bass share package worth A$8 million (tranche 2 and 3) within the next 12 months.Experienced Aussie Graphite investors are loving the Graphmada/Stratmin asset, marketcap 3x since June.Just visit the Bass metals bbhttp://hotcopper.com.au/asx/bsmMarket caps 3rd Oct, Bloomberg Bass......$19m ~£11.3m!! STGR................£3m!Non-producing Graphite companies in Australia ASX on a Bull runHexagon Resources..A$50m - £30mTalga Resources.......A$48m - £29mKibaran Resources....A$52m - £31mVolt Resources........A$81m - £48mMagnis Resources...A$394m! - £234mSyrah Minerals.........A$1.1 BILLION! - £655m Bass/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 12.000tpa 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.More details this weekAs always DYOR Buy low, Sell highGLA

[illuminati1] 03/10/2016 10:19

Tick tock...RNS 28/Sep/16:"Now that Vatomaina is funded, we will work with Tirupati to release a detailed project review and update for shareholders within the week"

[david.susies] 03/10/2016 09:40

Just look at the 5 year chart. That's why I am losing £8000. With a spread of 10-20% can't trade just hoping for a miracle.

[wskill] 03/10/2016 09:18

Pity that they gave away all the assets towas their Aussie chums first for what you might ask .For which STGR shareholders stumped up £36m for the pricely sum of £300k disgraceful behaviour even for the much discredited AIM market you cannot call this a sale it a gift and with conditions which can never be achieved with the present plant .Just when we achieved 94% grades and were making a profitable mine this has not been done for the benifit of us shareholders that is sure.

[escapetohome] 03/10/2016 08:05

Nice very nice , ill have some more of that!

[comet5d] 03/10/2016 07:25

Strong sign of confidence.BOD cutting their fees and taking their salary in shares at a Premium! 2.5p

[comet5d] 01/10/2016 16:14

Leonardo DiCaprio's documentary 'Before the Flood' trailer: Elon Musk notes 100 Gigafactories needed

[wskill] 01/10/2016 11:50

Are you mad the plant as is will require upgrading to meet the conditions of receiving extra shares from BASS that is highly unlikely shareholders should accept that this theft of all our assets is now complete and another £36m or so will be required to get STGR to build another mine but what is the point if they just give it to their Aussie pals I would ask. Might as well just dig a whole in the garden and put the money in it at Least it would still be there when you wanted it.

[illuminati1] 30/9/2016 21:55

"Im amazed the share price hasnt given credit to the $1.5m equity loan deal secured by the company.$75m Bass shares are currently worth $1m AUSD in swap for cash to the sum of US$1.5m.Thats a premium of £600k vs £1.2m = 100%. STGR have leveraged £1.2m cash from those Bass shares with no interest incurred and no cash payments and will do the same as and when the next tranche of bass shares come in. Fantastic move imo."

[illuminati1] 30/9/2016 21:53

"The Loan will be used to fund the Company's investment commitment to the Tirupati Resources Mauritius ("TRM") joint venture AND for general working capital.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."

[wskill] 30/9/2016 19:30

Excellent STGR have 300k left after investing £36m actually spent getting the graphite mine up to 94% graphite grades and these crooks are after what another £36m to build another mine and then give it away to other Aussie chums.