Stratmin Global Share Discussion Threads

[illuminati1] 30/5/2016 10:45

Bass up +9.9% at 1.2chttp://hotcopper.com.au/asx/bsm1304 views in 3 days, Bass Metals bbAussie Graphite junkies ready to start buying frenzy once deal completes. 10c target short term.10x bagger for Stratmin's first trance at 1c

[illuminati1] 30/5/2016 10:42

Best to ignore wskill, who doesn't hold any shares.No long term holder would be repeatedly talking the share down over months if he needed a high share price 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

[illuminati1] 30/5/2016 10:41

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] 30/5/2016 10:39

The share has been under attack for 12 months now, bb bashing is just the surface IMO. They said the mine was no good, now Bass have DDd this twice. Second time I'm told Bass's financial backers insisted on an independent inspection.It passed DD. Again. The asset is good.Now we have to shake the negative forces holding this back. Today is only the start - I have 1% here and see the next few weeks revealing (a) a comprehensive funding plan (on Bass) for mine development that will ensure the Stratmin will meet tranches, unlocking full value from this deal and (b) some idea of what Stratmin will do when they dispose of this asset. CEO has a plan, so I'm told.It really is all to play from here

[illuminati1] 30/5/2016 10:37

The sells were those who lost faith, who fell for the lies of the bashers on here who made them believe their mine was worthless. Those same bashers - or their paymasters - are now laughing having shorted this down from high 3s IMO and closed out with spilled shares. Yes Stratmin had problems but the new BOD set about fixing them yet the market gave them no credit and forced them to take £8M from ASX. But that isn't the end of the Stratmin story I'm sure. Brett Boynton brought in new European buyers while Shishir fixed up the mine on a dime and a shoelace. The top team is working as a team from what I've seen. It's a shame we had to go through so much pain from Project Fear but once the pipes are clean this will push thro IMO

[illuminati1] 30/5/2016 10:35

We know "Bass having successfully completed its due diligence, including a site visit, can confirm Graphmada as an operating large flake graphite mine, with significant potential for low capital expansion and low cost production." We know that everyone who said the mine / license area was no good are not in agreement with the people at Bass who did the DD. I firmly believe neither Bass nor STGR would not do the deal if they did not have a proper plan to finance the expansion using ASX investors, in a way that AIM investors clearly have shied away from. I have asked this question of the CEO myself and he believes the finance can be raised and we will find out shortly the meat on the bone.We will also find out what STGR plan to do next before it comes to a vote

[wskill] 30/5/2016 09:23

I posted this yesterday Bass have never managed to come up with the cash for plant improvements which they promised so no improvement in monthly output is possible are you crazy I am a long term shareholder here and any fool can see they are stealing STGRs assets and these targets can never me met the max the plant could achieve is 400t per month which is not close to these levels required ,this is a crooked deal for us shareholders BASS have done well for a company with no cash or assets this stinks of dishonesty to STGR shareholders who are ending up with nothing .


Look this is the BASS shareprice we are talking about 10x target not STGR because of the great deal that they have on getting a £36m investment for free us as shareholders in STGR will see nothing of this the agreements will never materialise,the below agreements are an impossible task do you not think that if it had been possible to achieve this over the past 2 years it would have been done with the present plant it is impossible.This is the last update with numbers from December 2015 since then Brett has not divulged anything about production only BASS have the figures strange us shareholders have been kept in the dark whatever the numbers BASS have they want to buy this asset for next to no cash and no shares either by the below numbers to be produced they will never be met with present equipment .

Production output over the period increased despite selective plant downtime and increased maintenance.

-- For the three month period from September to November 2015, 705 tonnes were produced and 603 tonnes dried, finished and packaged ready for sale.

-- First stage refurbishments will be completed this month and from January 2016, production of at least 400 tpm is expected with sustained operational profitability.

-- Funds from Bass Metals Ltd. will be used for key equipment upgrades in the mining fleet and milling circuits enabling production to be increased to over 600 tpm from the second quarter of 2016



A$3,000,000 worth of Bass shares upon achieving production output of 1,250t of graphite concentrate over three consecutive months ("tranche 2"); and

c. A$5,000,000 worth of Bass shares upon achieving production output of 2,500t of graphite concentrate over three consecutive months ("tranche 3")

[illuminati1] 29/5/2016 19:27

scubazIts all opinions STGR could slowly drift up on anticipated production News, Back in Febuary :6. Sales have continued to increase with new buyers from India placing repeat orders and first shipments to new buyers from Germany and Austria executed.7. Product samples have been approved by additional end users in Europe, which clears the first hurdle to further new sales in the months ahead.So I reckon we will have good production news shortly and perhaps a series of updates.But all we have is opinions until further news.

[illuminati1] 29/5/2016 19:23

Good post by Jim, LSEI agree - however I believe the tranches of the Bass deal must also have something to do with regulatory issues around the transaction. If you think about it, given Bass's mcap, if Stratmin takes equity in Bass to even £2m at an early stage in the transaction it will end up in a merger/TO/RTO situation which will potentially leave both companies suspended in the market for a period of time. It might also have a knock-on effect on one or both company's accrued tax loss situation.Whilst I do understand and have taken on board the concerns about the tranche criteria, it also offers a way forwards for Bass, Bass's future investors and Stratmin to maintain a shareholding under any threshold for entering TO phase.I raised this point with Stratmin's CEO and he told me he couldn't talk about the details yet, but I pressed him on what would happen if the tranche criteria were not met and Bass managed to take the asset at a minimum cost. I asked him directly if there would be any buy-back clause or other safeguards against this and he said that would certainly be something a deal like this would have. (He clearly can't tell me any details during this close period).I then did some digging with my contacts and I firmly believe Stratmin have a deal that looks after our interests, funds graph mada properly to consistently deliver quality flake on a low cost base and de-risks our future. I have raised the point repeatedly that the deal seems to cap our upside potential and increase new risks, but I keep coming back to the fact that this deal also massively de-risks funding - and I think anyone looking at the mcap here right now can see the problem with relying on AIM to get that money.So I'm fairly confident that we'll get an acceptable return from the Bass deal, that we will retain shares in Bass that will give us access to some of the upside - yet limiting the downside....

[escapetohome] 29/5/2016 18:38

36 million spent and the plant isnt even good?

[wskill] 29/5/2016 16:32

Yes of course it will never be possible BASS have never managed to come up with the cash for plant improvement .

[escapetohome] 29/5/2016 14:58

How are we going to achieve that level of output to satisfy the funding condition?

ie no increase in production = far less money from bass apparently so.

[wskill] 29/5/2016 11:46

Look this is the BASS shareprice we are talking about 10x target not STGR because of the great deal that they have on getting a £36m investment for free us as shareholders in STGR will see nothing of this the agreements will never materialise,the below agreements are an impossible task do you not think that if it had been possible to achieve this over the past 2 years it would have been done with the present plant it is impossible.This is the last update with numbers from December 2015 since then Brett has not divulged anything about production only BASS have the figures strange us shareholders have been kept in the dark whatever the numbers BASS have they want to buy this asset for next to no cash and no shares either by the below numbers to be produced they will never be met with present equipment .

Production output over the period increased despite selective plant downtime and increased maintenance.

-- For the three month period from September to November 2015, 705 tonnes were produced and 603 tonnes dried, finished and packaged ready for sale.

-- First stage refurbishments will be completed this month and from January 2016, production of at least 400 tpm is expected with sustained operational profitability.

-- Funds from Bass Metals Ltd. will be used for key equipment upgrades in the mining fleet and milling circuits enabling production to be increased to over 600 tpm from the second quarter of 2016



A$3,000,000 worth of Bass shares upon achieving production output of 1,250t of graphite concentrate over three consecutive months ("tranche 2"); and

c. A$5,000,000 worth of Bass shares upon achieving production output of 2,500t of graphite concentrate over three consecutive months ("tranche 3")

[illuminati1] 29/5/2016 06:17

1128 views in 48hrs, Bass Metals bbAussie Graphite junkies ready to start buying once deal completes. 10c target short term.10x bagger for Stratmin's first trance at 1c

[comet5d] 28/5/2016 22:17

Interesting news about a new battery factory.

[illuminati1] 28/5/2016 15:12

IT IS EASIER TO SCARE PEOPLE INTO SELLING THAN IT IS TO INFORM PEOPLE INTO BUYING A SHARE. Know the enemy who wishes to steal your money!Lesson 1: Remember, DERAMPERS NEVER DERAMP A BAD SHARE. Watch the board for shares with no potential. They never have any derampers. Derampers only go after shares that are going upwards or have excellent potential to go up. Derampers get left behind, so they want to bring the price down to be able to get in at a great price. Lesson 2: DERAMPERS ALWAYS BRING UP OLD NEWS THAT YOU HAVE HEARD MANY TIMES. Companies always have a few bits of bad news. The deramper will post this over and over again. The stupid deramper will try to make the old news a bit fresher to try to fool you. Lesson 3: DERAMPERS POST MANY TIMES A DAY. They try to wear you out. They comment on everything, every other post, and can answer every question. THEY KNOW IT ALL! There is no positive comment they won't deramp. They try to control the board. True longs may have to address the derampers or they will appear to the newbies as being the people with all the information. Lesson 4: DERAMPERS WILL LIE TO YOUR FACE. Never trust a deramper. The truth on startup companies is that many mistakes are made and losses happen. The deramper will try to make you believe all companies make a profit, release financials every quarter and all aspects of the business run smoothly. THIS IS NOT TRUE. THE DERAMPERS LIE TO YOU. Startup companies can go years without profits, financials and good business, this is the nature of the beast.Lesson 5: The derampers know YOU CAN'T VERIFY THEIR STATEMENTS. That's why they make the statements they do. Lesson 6: The derampers PLAY ON YOUR LACK OF KNOWLEDGE. They can lie about information and you couldn't know the difference (unless you have done your assessment of the company and know the truth and facts).Lesson 7: Derampers play on your lack of patience. YOU have held a share for a while. You knew it will be a big share someday, but the DERAMPER CAN GET TO YOU BECAUSE YOU ARE TIRED OF WAITING FOR YOUR GAIN. That's when the deramper is best. You are tired. You have forgotten the goal for the share was to hold it for one year. The deramper is bothersome, so you dump it on a bad day. Some others also dump. Then you get mad for your loss and return to let everyone know how mad you are. Then you turn into a deramper as well. THE DERAMPER HAS WON, AND GAINED A NEW PARTNER, TOO. Lesson 8: BRING THE PRICE DOWN. That is the deramper's job. The truth is not important. Lies are the norm. Post continuously on the board every day. They are trying to hit the newbies visiting the board. They are trying to wear out the longs on the board. They do whatever it takes to wear the longs out.Lesson 9: DERAMPERS WILL TRY TO GREAT DOUBT AND GET YOU TO RESEARCH ITEMS THAT THEY KNOW WILL LEAD TO THE CREATION OF DOUBT IN YOU AND IN OTHER SHAREHOLDERS. A typical trick of an advanced deramper is to propose that there is a potential "problem" because "we" don't have the facts on a particular subject. The deramper dares someone in the on package but DON'T GET INTO A CONVERSATION WITH THE DERAMPER REGARDING THE TOPIC. THAT IS WHERE YOU LOSE. DON'T CONVERSE WITH THE DERAMPERANSWER INDIRECTLY; DON'T USE THE DERAMPERS NAME; DON'T GET INTO A PERSONALITY CONTEST.

[thegrumpster] 28/5/2016 10:12

Didn't someone say that this reminded them of OEX?

Might have been on Lse.

[thegrumpster] 28/5/2016 10:10

Why no declared short?

Possibly the same reason European Investment Management do not issue a holdings RNS for selling 5.6m shares of its 8.4m.

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

Thegrumpster
23 Apr'16 - 08:39 - 7155 of 7340
(Extract:)
"......Not only Winterflood, but also European Investment management have dumped 5.46m shares They have 2.58m left which is now stated as being 1.58%, so they would have held around 4.5% so they've got rid of them without releasing a holdings RNS saying they were below 3% (unless I've missed it)......"

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

illuminati1
23 Apr'16 - 11:13 - 7158 of 7340 1 0

(Extract:)

"....European Investment Management is acting for private investors (reliable source),
hence no holding RNS

As always DYOR"

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

So maybe anyone borrowing shares from Barclays for shorting is also acting for private investors (reliable source).

[thegrumpster] 28/5/2016 09:14

9m shares were traded to kill the spike on Thursday.

The shepherds on LSE have suggested that it was traders selling for a tiny profit.

There may have been a few, like Bonker who obviously timed the bottom perfectly and managed to sell a chunk for a small profit while suggesting four, fives and upwards for possible targets. But with the huge spread there are unlikely to be many in the same boat.

So where could all the shares come from to kill the rise?

European Investments according to the FT had 2.8m left in March which probably isn't enough even allowing for a few traders making a small profit.

Barclays Bank held nearly 11m at the same time. ICBC Bank also had 5.4m and can be seen to have been selling.



By allowing phone trading only, they kill any enthusiasm for buying and selling STGR shares, they also prevent investors from putting a high sell limit on their shares to supposedly prevent them being used for shorting.

So one way of looking at it is that Barclays has created a fairly stable large reserve of shares that could be loaned out for shorting, while being reasonably confident that there would be no rush to buy or sell from their STGR share holders. Anyone borrowing those shares to short would need to be confident that there would be an opportunity to replace them at a later date, or be prepared to take a small loss to further their agenda......divvying up a Graphite company for instance.

The more the share price rises, the less of a "compelling" deal the up to £8.6m looks.


Seems odd that Barclays would put the boot in to trading shares when:

"We have won prestigious awards over the years, most recently being awarded Self Select ISA Provider of the Year and Best Execution Only Stockbroker at the ADVFN International Financial Awards 2016"



IMO that rise was killed by the big boys, not by a few small traders......the company line spouted by the shepherds.

Illuminati's "horses mouth", Jimbob's "contacts"

[thegrumpster] 28/5/2016 08:42

A shepherd at work.

Anything else from the horses mouth?

[illuminati1] 27/5/2016 22:15

Best to ignore wskill, who doesn't hold any shares.No holder would be repeatedly talking the share down over months if he needed a high share price 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

[wskill] 27/5/2016 21:37

£8.6M in vows and promises very little cash I am a long term holder and with this management now stealing the only asset can see there will be no value left for UK holders,BASS will do very well the directors have ensured only the Aussie friends of Brett will make any cash here.

Even by AIM standards disgraceful.

[escapetohome] 27/5/2016 20:47

Why does wakill say a few hundred thousand? The headline report says up to 8.6 million, preaumably this is cash and shares.