Stratmin Global Share Discussion Threads

[thegrumpster] 01/6/2016 14:09

To me it looks like the only good thing that has happened since Brett arrived on the scene is the association with Tirupati.

And that may even have been organised before he arrived.

They (Tirupati) were able to quickly sort through the shambles and see exactly what needed doing to get things working as they should. For instance they could see that a load of black gunk clogging the system was due to overloaded dewatering spinners, when our lot appears to have had little clue even though they've had ages to look at it.

Clearly Tirupati know what they are doing and seem to me to be the ideal partners.

The worthless Australian company on the other hand seems to be a complete waste of space.

My view is that we should kick the Australians in to touch and make a proper partnership with just Tirupati.

See the improvements here:



(Let the ozzies keep their 6% if they still want it.)

The Australians have little money, seem incapable of raising any in spite of their professed enthusiasm for graphite, and personally due in part to the outstanding efforts of some of their countrymen with other AIM companies (RRL, BZM to name but two) in my view they can not be trusted.

There is nothing to stop BSM buying more shares on the open market if they want, just as we can buy shares quite easily on the ASX, but it must be clear by now that they bring almost nothing to the table, and being involved with them has just hampered and delayed the programme and IMO made it more likely that STGR would end up on the rocks. (Like BHR?)

A straight forward partnership with Tirupati.

What is not to like?

I'd even volunteer to pack Brett's bags.

[illuminati1] 01/6/2016 13:09

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.

[wskill] 01/6/2016 12:50

We are shareholders here the problem is that the Aussie crooks are only paying a few hundred thousand pounds for an asset worth $55m their valuation surely any shareholder will be up in arms about this theft.

Not applauding the company for stealing the asset from UK shareholders this company has a valuable asset that is why they want it for free by this current deal which the directors have agreed to one has joined the BASS board already dishonesty in AIM is rampant .

Please all shareholders email the FCA about this theft.

[escapetohome] 01/6/2016 11:38

As ever the big shareholders have the clout, the tiddlers like us have no weight no real say.
The tables could be turned if one of the larger shareholders stands up to this ( if indeed it is a scam)

LARGE SHAREHOLDERS IE INSTITUTIONS PLEASE STAND UP AND FIGHT IF YOU HAVE BEEN CHEATED AND A FRAUD HAS OCCURRED YOU ARE THE ONLY ONES WITH THE MUSCLE.

[jimbox1] 01/6/2016 11:21

The proposed deal is being structured in a way that is probably just about legal, but the essence of the problem is that STGR is disposing of its main assets in exchange for a minority stake in an otherwise worthless Australian company.

[illuminati1] 01/6/2016 10:31

Paterson value Graphmada/Stratmin operations at NPV of A$55.3m.New asset announcement with technical expertise next.

[escapetohome] 01/6/2016 10:10

Can you give us the tecnical details of why it is a fraud and will stand up as such in a court of law.

Otherwise i fear the fca will see 100 of orchestrated email not holding much weight and simply the feelings of investors.

As for mps totally totally useless.

[wskill] 01/6/2016 10:02

I advise every shareholder to contact the FCA and their MP and complain about this fraud by directors in STGR stealing the company and depositing it in an Australian based company with whom a STGR director has already moved over to this fraud will cost British investors the full £36m invested in STGR.

[jimbox1] 01/6/2016 09:55

Check your pocket. Your wallet's gone too.

[thegrumpster] 01/6/2016 09:39

Like shaking hands with someone and discovering your watch has gone.

[jimbox1] 01/6/2016 09:36

From the research note on BSM's website, it looks like BSM has no material asset value other than what it could gain by "acquiring" the Stratmin mine and contacts.

[thegrumpster] 01/6/2016 09:34

So they only got $A 600k from Liongold to date.

Wonder if this is the first their investors have heard about it?

They sound like our lot. (Their management)




($1.3m from Liongold by the end of April wasn't it?)

[thegrumpster] 01/6/2016 09:06

So where's the cattle prod for STGR investors?

Is it this or a deal with Darwin?

The longer they faff around the more STGR can be run into the ground, so STGR investors have few choices, and have to accept what management wanted all along.

A move to the ASX with the balance of holdings re-adjusted so the right people make the right profits at the right time. IMO.

We're just not the "right people".



Illuminati's counter offers?

[thegrumpster] 01/6/2016 09:01

Flogging the "strategic relationship" with Tirupati as well, not just the onand in the ground assets.

"BASS METALS
A CHANGE OF DIRECTION
Investment Highlights
•
BSM is in a period of transition as it attempts to exit its Tasmanian
base and precious metal assets, and re-focus the Company as a
graphite producer and developer with the acquisition of 100% of the
Graphmada graphite assets from AIM listed Stratmin Global
Resources Plc (Stratmin). The Graphmada assets include two current
mining areas, the Loharano 6,000tpa(of product)processing plant,
with related site infrastructure, existing sales arrangements, a
strategic relationship with an Indian graphite producer and trader,
and a significant regional exploration portfolio
.
We consider the change of direction and pending finalisation of the Graphmada
graphite assets acquisition as positive.
We believe that the acquisition would make BSM the only existing producer of graphite,
listed on the ASX. The scalability of the processing facilities and the strategic partnership with Tirupati Carbons & Chemicals Ltd are both positive attributes. We initiate coverage on BSM with a Speculative Buy recommendation and a valuation of A$0.027/share."

[thegrumpster] 01/6/2016 08:50

Initiation Report 01062016.pdf


Pattersons research note out on BSM wesite.


Initiation Report 01062016.pdf


First link might not work.

[comet5d] 31/5/2016 12:56

I want more of these and if sellers want to bring it back down I don't mind buying more cheap shares

[wskill] 31/5/2016 12:34

Very strange funding mechanism indeed it is only lacking cash so as good as a chocolate teapot and as STGR will have no assets when the mine is sold for only a promise there will be nothing left for us shareholders, Remember £36m has been invested in this venture by STGR.

[wskill] 31/5/2016 12:09

This fraud will come to an end soon see below no sane shareholder will agree to this .

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] 31/5/2016 11:50

Tick tock tick New asset to be announced before it comes to a vote.