Stratmin Global Share Discussion Threads

[jimbox1] 26/5/2016 16:10

It seems that the company's main asset is being sold for probably worthless paper in an inadequately funded Australian company. It is not even clear that funds will be made available to develop the mine to meet the production targets for the 3 tranches of consideration shares. I am a shareholder in STGR and, on the basis of today's RNS, I am inclined to vote against the deal.

The market's verdict is clear. The deal sucks.

[illuminati1] 26/5/2016 15:37

....If you were a holder you wouldn't be talking the share down on news if you needed 4.6p to bail. The de-rampers are always a good sign...

[callmebwana] 26/5/2016 15:37

Thegrumpster.
Well said and truley spoken.
On the other hand.
Guys, lets not get personal !!!

[comet5d] 26/5/2016 15:10

"To argue with a fool, Two fools will argue". "To feed to a troll, two trolls will feast"

[thegrumpster] 26/5/2016 14:45

"Best to ignore grumpster, who doesn't hold any shares".



What is the best approach to a deal like this?

Your approach, where you see how far you can stick your tongue up the BOD's collective rectum, while singing three cheers for graphite? (As per your job description) Letting the BOD know that they can do whatever they like, you will always come skipping back for more.

Or the old misery approach, where it is always possible that the good old boys get the idea that they might have to actually work to sell this one?
(Admittedly it's a very small chance with the old lags on AIM, who can run it into the ground any time they want).

[illuminati1] 26/5/2016 14:07

Best to ignore grumpster, who doesn't hold any shares.No sane investor would continue talking down and constantly churning negativity about their own investment on public BBs when it serves no purpose.

[illuminati1] 26/5/2016 13:48

Stratmin Global's Market cap now £3m that's after Bass offers bid package of £8.6m.Bass/Graphmada will close the gap to it's australian peers swiftly. It will be the only listed low cost producer on ASX so should command a higher Marketcap. Patterson report will confirm valuation. Stratmin to become a major shareholder.Market cap 26th MayNon-producing graphite companies, years away from production, not generating any cashAustralia ASXKibaran Resources....A$33m - £17mVolt Resources..........A$56m - £27mTalga Resources.......A$35m - £18mMagnis Resources...A$233m - £114mSyrah Minerals.........A$1.22 BILLION - £598mNew asset to be announced before the vote.

[jimbox1] 26/5/2016 13:12

Does anyone know what proportion of Bass will be owned by Stratmin, if this deal goes ahead? It seems like we are being asked to approve the sale of a (potentially) decent mine for a minority stake in an unproven Australian company.

[illuminati1] 26/5/2016 12:46

Patience is key.The rise has yet to begin, today is just a taster of what is yet to come. New asset and Patterson report tba before the vote.

[beeezzz] 26/5/2016 10:15

From the beginning this has been a bad investment period, WTF have the company been doing are they still not producing anything worth selling, its just complete incompetence on a massive scale.

I just hope this goes to 10p that is all I need.

www.proactiveinvestors.co.uk/companies/news/126417/stratmin-global-to-go-ahead-with-sale-of-business-to-bass-metals-126417.html

[callmebwana] 26/5/2016 09:29

Illuminati1.
I have read your posts that have been ramping STGR for a long time.
I don't have a big holdin in here. So please don't go along the line that I am a none holder.
Have agood day.

[illuminati1] 26/5/2016 08:55

bonker99Posts: 23,780Premium Chat MemberCorrectionToday 08:39OK, it's quite straightforward from here imo:7p > 1.3p is the play - the 76.40% retrace is, shock, at mid 5s ...Spiking back to that 7p area and back to mid 5s puts a whopping IH&S on the board to target c10p later on, presumably after the new purchase is complete ...This is basically what I was talking about/showing last night with me charts ...Bottom line: The MMs will churn here around to try and throw out the dim/impatient but this is as good as it gets from here and still only at 2s pmsl - what a gift ...I've added ...

[illuminati1] 26/5/2016 08:50

Best to ignore non-holder grumpsterNew asset before the vote.+5p soon

[callmebwana] 26/5/2016 08:46

Thegrumpster,good mornig to you.
AIM seems to full of BOD's that are bent. I am invested in AMC.
The Canadian C.O. Has sold us down the pan there as well.From 44P now tading at 4.4P.Made a deal with a bunch of crooks called CREDE.
The PI seems to be the last ones to get the crumbs. Where are the FCA ?
I was cought at 5P spike here.Perhaps I will get my money back ?
Anyway we will see where we end up with STGR.
Some on here must have lost a fortune !!! Some of these people stiching PI,s should be in prison.AIMHO.
Have a good day all .

[thegrumpster] 26/5/2016 08:14

"The proposed consideration of up to A$15.25 million for the remaining 93.75 per cent. of Graphmada values the business at A$16.267 million or approximately £8.0 million. This is, in the Board's opinion, a compelling valuation in comparison with the current market capitalisation of StratMin."


The sellers have done their jobs well.


Why is getting the shares in BSM performance related?

And why a set value and not a percentage?

Why not just give a straight 45% for example, if Brett's chums are so keen on having the lion's share for so little.
After all we're giving them a straight 93%. No question of being performance related....which considering BSM's previous lack of efforts, would seem to be something to consider with any "normal" BOD working in our interests. They do have "previous" after all.

Seems to me that plenty of opportunity to short change STGR has been built in to this deal.

So perhaps our management have been working more in the interests of BSM all along (perhaps for the past year at least).

[illuminati1] 26/5/2016 07:56

Spot on...On top of that a subtle change in wording may yield a clue as to where Stratmin is heading next.The original deal announcement did not include either of these lines:"unless the Company acquires another sufficiently large asset prior to the divestment of Graphmada""if the Company is unable to acquire a sufficiently large asset before completion of the Proposed Disposal"This fits with rumours I'm hearing that Stratmin are lining up a straight buy-in to a new business, e.g. not a merger or RTO but straight investment.The new wording says "before the completion of the Proposed Disposal" too, which is interesting.

[illuminati1] 26/5/2016 07:44

RNS out.Due diligence completed.More news soon.

[thegrumpster] 25/5/2016 22:33

As for that chart on LSE.

That has to be the most questionable chart ever.

The share price hasn't even started moving in the "other" direction yet.

Let's hope it is not just wishful thinking, and the time spent cooking it up has not been wasted.

[thegrumpster] 25/5/2016 22:29

"Shameful behaviour.
Persuading people to sell so they can buy cheap shares before the good news arrives. Game on lol"

You really are a complete stooge.

There were plenty like you posting on MTV. Some of them still do.

The share price has gone down due to large holders selling, possibly to order. It is nothing to do with small holders or anything that is posted on these boards.

When/if the good old boys decide to take this back up again, and not before, it will go back up.

As if by magic.

[comet5d] 25/5/2016 21:35

Great to see decent buying today.Whenever there's persistent buying the bashing crew stop posting. Shameful behaviour. Persuading people to sell so they can buy cheap shares before the good news arrives. Game on lol

[comet5d] 25/5/2016 16:28

They are creating a false drop every other day to accumulate ready for the run up.

[illuminati1] 25/5/2016 12:13

Tick tock tickLSEShe will have to pile through multiple "time lines" on my chart to go higher than 5s is one go mate but it's doable - ANYTHING is doable on a clearly marked 10x bagger ...7s is halfway ............Yes might carve out steps, small one at 3p and bigger step at 5p but I just don't see this playing out over months to give a classic inverse H&S. Best case though will be a multibag spike.We have a 3-bagger just to get to the value of the bass deal. Markets always overshoot, so 9p or higher is possible depending on how the shake works in the other direction with the boot on my foot.Of course all this speculation is conditional on a decent package being announced, so DYOR - it's this uncertainty that provides the springboard.Meanwhile volumes today: 1.28m, which is about 250k higher than any other day in the last month - go back to 25th April for higher volumes. Someone out there knows something!