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STGR Stratmin Global

1.125
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Stratmin Global LSE:STGR London Ordinary Share GB00B9276C59 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.125 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.125 GBX

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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 23/6/2018 07:50 by maltby2002
Tectonic Gold now expected to be introduced onto the NEX market on Monday. Let's hope it happens this time and we start getting some value back from our old STGR shares.
Posted at 04/6/2018 16:45 by anointedone
What happens to our delisted shares within STGR?

Do they get transferred to the new entity on NEX?
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 21/4/2018 15:07 by thegrumpster
"Posted on LSE but why can't it be found on stratmins web site?"

Very good point.

As he has already shown, Brett seems to prefer feeding "information" through selected posters. That in my experience, always ends in tears.
There is absolutely nothing stopping him posting updates on either Signature's or Stratmin's website.

".... but without RNS announcements don£t reach as many shareholders as we used to."

Websites conveniently ignored.

"Jimbotechstock" was a favourite on LSE always banging the Stratmin drum for Brett.
If you look at his posting history over there (not on the STGR thread), he now claims that he was badly let down by the STGR management.

Yesterday a favoured stooge, for whom management could do no wrong.
Now....?
Posted at 20/9/2017 15:06 by thegrumpster
From LSE ......A$500k

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

"Today 11:02 Marco67 BSM : Cash raise 1.0525 No Opinion
BSM released an announcement on ASX last night indicating that it wished to raise 2.5m ... this paragraph may be of interest

Use of proceeds
The net proceeds from the Equity Raising will be used to fund final payment to
Stratmin Global Resources Plc for the acquisition of the Graphmada Graphite Mine,
funding the remaining mine refurbishment capital expenditure, exploration of highly
prospective graphite and lithium permits and for working capital.

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

RNS 15 December 2016

StratMin Global Resources Plc

("StratMin" or the "Company")

Early cash settlement of outstanding payments from Bass Metals Ltd

StratMin Global Resources Plc (AIM: STGR) has agreed to an immediate discounted cash settlement of the share payments from Bass Metals Ltd ("Bass") under the 6 June 2016 Share Purchase Agreement ("SPA"). Under the SPA, Bass equity was to be issued to StratMin in two tranches of A$3 million and A$5 million subject to Bass meeting certain performance criteria by 31 December 2017 and 31 December 2018 respectively. Bass recently approached StratMin with an offer to settle the equity payments in cash and facilitate the divestment of the Company's remaining 70 million Bass share. The Board considered this offer with reference to the recent share price performance of both Bass and StratMin and the need to establish the best possible platform for StratMin ahead of initiating a reverse takeover ("RTO"). The early settlement has been agreed with the following terms:



· Payment by Bass of A$2,640,000 in cash consisting of,

o A$955,000 on or before 16 December 2016;

o A$1,185,000 on or before 15 March 2017; and

o A$500,000 on or before 30 September 2017.

· Immediate placement of the entire remaining 70 million shareholding in Bass at a minimum price of 1.3 cents per share.

o This will provide a further A$910,000 in cash to StratMin in the next 5 days.

· An option for Bass to purchase the 2.5% royalty for A$500,000 prior to 30 June 2018 with a royalty holiday if purchased prior to 31 December 2017 (the "Royalty").

In summary, this settlement will provide StratMin with an immediate A$1,865,000 (£1.1 million) in cash and a total of A$3,550,000 (£2.1 million) in cash with potential for a further A$500,000 (£296,000) from the sale of the Royalty.

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

STGR shareholders will possibly be updated on the websites, either STGR or Signature....or Tectonic.....sometime? (Thought that was going to be the name). Don't think we need to use the RNS setup.
Posted at 02/2/2017 09:30 by thegrumpster
The stooges are off again with barely a pause.

And we may have a replacement for "Jimbob" on LSE:

"This is fantastic news, Signature's portfolio is very very exciting with multi million ounce gold potential in a safe jurisdiction. Share based acquisition, with the majority at 2p per share which is a massive premium to the current share price of 1-1.2p! Well done all those who kept the faith for the past few tough months."


"......and this drop in share price has been beneficial in a way as the weak holders have been weeded out as such!"


What can anyone say?

The share price was over 5p when Brett started working his magic.

If he'd increased our share price, signature backers would have got a lesser deal.

A man with a plan.

Eeeeehhaaaa?
Posted at 04/8/2016 21:25 by thegrumpster
illuminati:

BSM is "....currently suspended as they need to amend their prospectus ..."



How long have they had to work on it?

Doesn't sound very competent does it? A straightforward task.

Bodes well for the future "relationship"


"Stratmin sold the Lohorano mine for a total A$16m ~£9m (cash, shares, royalties) to Bass and will continue to be a major shareholder."


They have not sold it for that. That is what they are hoping that investors will believe they will get.....UP TO $16m.

And as has already been pointed out royalties will likely amount to £100K-£200K per year and will take decades to amount to the $5m cap.

Considering only the first lot of shares. would you really say that is a major shareholding in BSM?

The next lot is supposedly likely to arrive in 12-18 months, according to information from our BOD fed through posters on Lse (Jimbo?)

Given BSM management's ongoing lack of ability, seemingly to do even the most basic of tasks.....meeting agreements with us, preparing a prospectus, what realistically are the odds that we will get very much more than the first lot of shares from them....in any meaningful time frame?

Where is the money coming from to invest with Tirupati? Seeing that we will only end up with about £300k cash after we've gifted our debt free, working mine with customers to BSM.

We even have to cough up for "our" directors salaries who have bent over backwards to make sure ever BSM failure is rewarded, to the detriment of the STGR share price which they could easily have made a small attempt to bolster as things were supposedly coming together last summer.

Curious to know if the £300k, loose change that BSM is graciously leaving us with, and that we hope to soon have, even covers what "our" directors consider they have "earned" in the last year.
Posted at 07/7/2016 20:46 by thegrumpster
"Ok simple question - has Bass had the money from Lion?"

Too complicated for Messrs Cut and Paste.

"2.5 million buy gone through" is probably the limit of what they're allowed to post on their own initiative.


$300k rings a bell from some RNS or other.

That could be it.... Maybe.

Obviously BSM insiders want to have a placing at as low a price as possible to get as big a chunk of the company as possible for their money, and squeezing out existing holders as far as possible. Anything that might boost the share price pre-raising is a no no. IMO.

Saving such "good news" till later would help the following pump....along with other good news like the official unveiling of our/their "secret customer" (Asbury)

That strategy was IMO used to ensure that nothing supported the STGR share price from the time of the initial STGR involvement with the director's other little project with BSM.

(For example up to date details of STGR production we have to read in Bass news releases).

That way of doing things IMO will also ensure that the good old boys can fill their boots with STGR shares at the absolute rock bottom, when eventually it is announced that we have to raise money, while we are waiting for BSM to sort themselves out.

The eventual good news that money/shares have arrived from Lion will also be a boost for STGR, as it might suggest that something more may be heading our way.

At the moment we have a £3m Mcap....holding perhaps as we still have the asset.

It looks like at some stage, having given away the asset, we will be a shell company with £300k, and some shares and promises from the proven to be unreliable love child on the ASX.
Plus an association with Tirupati that will require us paying our way.

What will we be worth at that point, however momentarily?

Will our directors do anything to support the share price?

Or will they continue in the same way?
Stratmin Global share price data is direct from the London Stock Exchange

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