Stratmin Global Share Discussion Threads

[wskill] 27/5/2016 20:25

STGR needs cash to expand are you insane it has just given an asset away which cost £36m for a few hundred thousand pounds this small amount of cash will of course not even keep the company afloat for more than a few months never mind the 6 months that the AIM rules say when there is no trading business left before delisting .

Who in their right mind would invest with this management they are the most uninvest able on AIM and that is saying a lot.

STGR will of course delist when this tiny amount of cash has vanished into their pockets.

[illuminati1] 27/5/2016 10:19

Jim LSEAIM is brutal in punishing companies who need finance. By accident or design the later-stage investors in placings get the lowest price, meaning they're first in line for ROI. It's L.I.F.O. I don't know how they achieve it - aggressive shorting most likely, but it's clearly observable on nearly all AIM stock that turn out to need finance. Get the cap out see the price fall. They took CPX down to 1p last year before the fund raise. It bounced back to peak 8p, but they took it down again to 2.3p until it became clear a commercial deal had alleviated need for a placing.At the moment I expect vultures circling here because it's clear STGR needs cash to expand. It's just that cash will come from ASX at a much more attractive effective price per share in the long term. And the deal could net much more than £8m if BSM shares move in our favour.Once it's clear the funding gap has been plugged somehow I reckon this will see a strong recovery, because that's how the market seems to work in all other cases I've studied.

[thegrumpster] 27/5/2016 09:11

"Are you joking STGR will have no assets or cash when this theft of the only asset takes place it has no choice but to delist...."

Thought that Tirupati wanted a listing. Can't remember who said it.
So maybe the listing effectively will go to them, after the assets have gone to BSM?
But possibly only after a raising or two, just to make sure there is no small change left lurking in investors pockets.

Recycle the listing......has to be a good thing in this day and age.

We can give ourselves a good pat on the back.

Supporting the needy, and being environmentally friendly.

What more could anyone want?

[thegrumpster] 27/5/2016 09:04

Why no official updates on production or anything else that will lift the price?

IMO because this is where they want the share price to make the deal.

For a start the sums promised from BSM can be presented as being many times what the company is worth, and if they do have to do a placing (as this has dragged on so long) the money raised will be a sizeable chunk of the company

IMO This will go up when the good old boys and everyone involved in this, bar the small investors, has divvied everything up and is good and ready. Whatever is done it will suit their purposes first.

These aren't huge sums of money that we're talking about after all. And in an industry that even illuminati can see is on the up.
So why all the faffing around?
The placing before Brett arrived was RNS'd as being oversubscribed, albeit at mates rates. Which is possibly what the hold up is.
Who gets what and how?

[wskill] 27/5/2016 08:52

Are you joking STGR will have no assets or cash when this theft of the only asset takes place it has no choice but to delist, they cannot ask us shareholders for more cash after we have given them £36m to buy this graphite venture and was stolen from shareholders by the present management and their Aussie friends.

Of course the management will want a very quick exit from STGR after the theft is complete they will also steal the tiny cash element before they are off on their toes.

[thegrumpster] 27/5/2016 08:41

Illuminati

"Straight from the horses mouth...."


Jimbob Lse 05:24

"I'm being told that it is expected that this stage will clear quicker as the deal terms are already on the table and it's just the legals, but DYOR"


When BODs start feeding "information" through their chosen ones, it usually ends as a complete mess.

[escapetohome] 26/5/2016 23:09

Good night callmebwana. An interesting name yourself there.
Very true indeed --- home is the safest place, step one foot outside and there are plenty of aim ceos ready to pounce and rob you blind.

Good night all!

[escapetohome] 26/5/2016 23:09

Good night callmebwana. An interesting name yourself there.
Very true indeed --- home is the safest place, step one foot outside and there are plenty of aim ceos ready to pounce and rob you blind.

Good night all!

[callmebwana] 26/5/2016 22:59

Escapetohome.
A very good handle I must say.Take one step outside and you could end up in truoble.
Ah,the joys of investing in AIM. What will be will be !! Call it Kismet. Eh!!
Have agood night.

[escapetohome] 26/5/2016 22:36

Thank - you Illumina that is helpful - you only can go on factual information that the company announces, unfortunately aim company announcements do not carry a lot of weight when it comes to truth .

Heres hoping.

[illuminati1] 26/5/2016 22:19

Straight from the horses mouth....New asset will be announced before it comes to a vote. Hope this helps

[illuminati1] 26/5/2016 22:15

Also take note...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.

[escapetohome] 26/5/2016 22:13

Hmm, that doesnt mention anything about a delisting, which is a theory that one of the bears was advancing today.

It seems to suggest stratmin will remain listed.

[escapetohome] 26/5/2016 21:57

Is there some validity to that bear assertion that bass will reverse takeover stratmin, so stratmin will no longer be listed, and we will own shares in bass on the asx?

Your help on this would be appreciated?.

[illuminati1] 26/5/2016 20:32

Best to ignore grumpster, who doesn't hold any shares.No holder would be talking the share down on news if he needed 4.6p to bail.No sane investor would continue constantly churning negativity about their own investment on a public Bulletin board when it serves no purpose.De-ramper being here = Bullish sign

[thegrumpster] 26/5/2016 20:12

" There is more justification to question your agendas given you ramp against market & facts."


Quite so.

[thegrumpster] 26/5/2016 20:10

Oh well, if you can't beat them.......try a bigger stick.

Cut and pasted from LSE.

"Rollthediceagain
Posts: 341
Off Topic
Opinion: No Opinion
Price: 1.625
RE: rollinv holds no share in stgr
Today 19:07
Jimbo & bjorn ~ what did I post which was in any way negative or suggestive that anyone should sell? I simply stated that this wasn't a major new announcement which would justify a 40% hike in share price That analysis proved absolutely right as share price finished unchanged on the day when you lot were ramping away saying is was going to be multibagger, 5p+ blah blah..

Sp is pretty much where it should be on deal details available so far and in the absence of STGR demonstrating that they have met their own targets for Q1 & 2. You cannot simply ignore discounting the fact that significant parts of the deal are conditional, that STGR by accepting this deal have obviously failed to deliver on their production targets, that payments could be possibly spread over next couple of years nor can you discount the effect of certain funding options by BASS on BASS share price In short you're assuming everything will click smoothly into place when track record of STGR suggests anything but.

I have been totally honest about my average share price (mid 3s), that I have a modest holding, my views on deal & intention to bail when share price rises.... I've got nothing to prove nor any agenda. There is more justification to question your agendas given you ramp against market & facts."

[wskill] 26/5/2016 18:48

Whatever BASS shares do even 10 bag it will not matter to STGR shareholders they will be delisted off AIM and our shares will be worthless .
As the tiny amount of cash will disappear into these Aussie crooks pockets £36m has been invested by STGR share holders to buy this graphite business.

It has been stolen by these Aussie crooks nothing less.

[illuminati1] 26/5/2016 17:11

Bass metals bulletin board being watched by aussie graphite junkies, ready to start buying once the deal goes through.738 views last 12hrs.6500 views last few weeks.DoctorfoadGreat news, due diligence successfully completed within 60 days of the announced and respected timeline which bodes well for the next phase (another 60 days, finalization of the agreement and transfer of the graphmada property from stratmin to Bass expected end of july 2016 just after stratmin shareholders vote and payment of first tranche).The main risk now is the vote of stratmin shareholders. But do they have better alternatives? Stratmin from a financial perspective are running out of time/cash and they need to seal the deal as soon as possible. Its a win-win deal for stratmin and Bass, it would have been impossible for stratmin to acquire themselves the necessary capital to expand and improve graphmada prodcution (capital markets were closed for them due to 3 years delays in achieving breakeven). And at the same time without 100% ownership of Graphmada, Bass wouldnt have been incentivised to invest any capital into the Mine. Its a logical deal after all.Stratmin shareholders will still haave exposure to graphmada future profitability through both the nice 2.5% royalty (up to 5million$ this shouldnt be underestimated by stratmin shareholders) but also through Bass cheaply acquired shares (750k$ at 0.01$ and then millions of shares at higher market cap of bass through tranches 2 and 3). Any improvement of graphmada profitability/cash flow and thus of Bass market cap will benefit greatly Stratmin shareholders. At the same time STRATMIN WILL NO MORE SPEND ANY WORKING OR INVESTMENT CAPITAL ON GRAPHMADA, paying those 130 graphmada workers will no more be its reesponsability after closure of the deal, stopping any cash drain from the company and allowing it to concentrate its resources on its future endeavours.This is also good news :"The Company (Bass) is now seeking to add an experienced CEO and management team tolead the business and implement Bass's low capital expansion plans."this is a confirmation that Bass are serious in becoming a successful graphite company on ASX, by expanding and improving production of graphmada through capital investment and direct management of the mine. I believe the new appointed CEO/management will keep in place the actual team, especially the now experienced mine manager (wilhelm wiltz) and his co-workers. It is crucial not to disturb operations and improve from here.Stratmin's first tranche will 10x bag minimum imo.

[illuminati1] 26/5/2016 16:39

jimbobtechstockI'm hearing the BSM deal already announced is now on the table unconditional, with funding partners lined up Bass' end.It could be they want to dovetail this deal with an acquisition as per the new wording in the standard stuff about sale of primary business Re acquisition of suitable value. I believe that deal has been under discussion for months. Also BSM might have to co-ordinate an AGM along similar lines to STGR. Last I heard that was being looked at.Main risk tho was DD imo, funding partners insisted on an independent expert appraisal was the rumour I heard.Stgr looking cheap atm gla