Stratmin Global Share Discussion Threads

[thegrumpster] 02/6/2016 18:15

Here's a cut and paste from the hotcopper BSM board Dr Fouad.

It is easy to see why STGR investors might feel that the deal is a contrived rip off.


Date:
03/06/16
Time:
02:17:10
Post #:
17939848

".Very good report, with some new tasty information. We learned from the latest BSM news release that Graphmada graphite mine produced 1500tpa of graphite in 2015. The patterson report is providing us with new important information, particularly that Graphmada mine is now achieving 3000tpa and 60% recovery throughput and Bass intends to upgrade the mine to 6000tpa and 85% recovery.

So not only the increased production rate will decrease average costs per tonne but higher recovery rates will also contribute to decreasing costs.

The flake distribution is simply out of this world (65% large and jumbo flake, and only 35% medium and small flakes, extremely impressive, currently at 94% purity), which explains why they succeeded in getting Asbury Carbon on board to buy their product. Large flakes command a premium in the market and they are and difficult to achieve by graphite producers.

The capital requirement to get the plant up to 6000tpa, 85% recovery is so small, only 1.5M$. But the more impressive number is the low capital requirement to build the new 12.000tpa plant with up to 96% purity : only 4.5M$ (in 18 months) ! If successful, the new plant could be a game changer for the company.

"It is expected that the additional plant would dramatically reduce total operating costs from US$249/t to US$211/t, and total costs from US$432/t to US$331/t." This would simply make Graphmada not only the lowest cost producer of graphite in the world, but also the most profitable producer with out of this world margins, with one of the highest purity (96%) and best flakes distribution that could be sold at 1500$+ per tonne.

Finally : "Management hold the view that a staged expansion in production capacity to be the prudent approach, given market dynamics. The current planned expansion from 6,000tpa of production capacity to 18,000tpa (with the Mahefadok processing plant), could be expanded again at some point in the future to 30,000tpa, dependent on market demand for its products."

It is understandable why the market got excited yesterday after reading the patterson report."

[thegrumpster] 02/6/2016 18:07

Microscopic minds can only cut and paste.



How many times have you cut and pasted that?

[comet5d] 02/6/2016 16:30

Great minds discuss ideasAverage minds discuss eventsSmall minds discuss people

[thegrumpster] 02/6/2016 16:29

For example:

illuminati1 - 11 Apr 2016 - 11:42:12 - 7063 of 7431
"£8.6M offer = 5.3p

Counter bid.
Other parties interested.

The ground is now laid for an explosive rebound.

Downstream opportunity with Tirupati's expertise

Ultra pure, expandable, micronised graphite. $$$"


illuminati1 - 11 Apr 2016 - 13:08:40 - 7067 of 7431
Wait and see.
Counter offer coming as is vote.

[thegrumpster] 02/6/2016 16:12

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

Best ignore illuminati who is lying......again.

Where are these counter bids you've told everyone we can expect?

More lies?

[knowsleyman1] 02/6/2016 15:28

Sick to the teeth of the same old rampers pouring out their sh*te on a company that is in one almighty mess as a result of incompetent Directors.

[illuminati1] 02/6/2016 14:35

Best to ignore grumpster, who doesn't hold any shares.No long term holder would be repeatedly talking the share down over months if he needed a "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] 02/6/2016 13:48

...
Economic study shows profit margins can be vastly increased by up to 10 times by producing semi finished graphite products instead of just raw graphite materials. It includes modelling for the production of semi finished graphite products such as high grade flake graphite concentrates, graphite composite material, graphite sheets and foils, spherical graphite and graphene.

Graphite foils in particular could fetch up to USD$50 000 per tonne on the open market eclipsing the standard price of around USD$500 a tonne for raw graphite fines.

Expanded graphite is likely to fetch around $2500 a tonne whilst composite graphite could command up to $6000 a tonne according to the company.....

....................................


Here is a company that would be a competitor in the "downstream business"




So we're going to start setting up a similar factory (perhaps a bit smaller) with the 6 months directors fees we may get from BSM?

There is obviously a very good reason why graphite foils (for example) are much more expensive than raw graphite. It is never "money for old rope".
Unless you are just referring to the new and improved ramping possibilities?

[thegrumpster] 02/6/2016 13:13

"Graphite foils in particular could fetch up to USD$50 000 per tonne on the open market eclipsing the standard price of around USD$500 a tonne for raw graphite fines."

That's like saying a car is more expensive than its raw materials, so we should make cars.

[illuminati1] 02/6/2016 10:38

Flinders Resources bold move into the downstream business (Graphene,...) made it multibag. +280%Stratmin to followHope this helps

[illuminati1] 02/6/2016 10:33

More so downstream $$$$Stratmin's next businesshttps://www.businessnews.com.au/article/Triton-to-investigate-bold-move-into-downstream-processing...Economic study shows profit margins can be vastly increased by up to 10 times by producing semi finished graphite products instead of just raw graphite materials. It includes modelling for the production of semi finished graphite products such as high grade flake graphite concentrates, graphite composite material, graphite sheets and foils, spherical graphite and graphene.Graphite foils in particular could fetch up to USD$50 000 per tonne on the open market eclipsing the standard price of around USD$500 a tonne for raw graphite fines.Expanded graphite is likely to fetch around $2500 a tonne whilst composite graphite could command up to $6000 a tonne according to the companyBargain below recent placing at 2.5pAgain small volume suggests most watchers know, now is not the time to sell.As always DYORGLA

[thegrumpster] 02/6/2016 10:31

Patersons page 7

"It is expected that the additional plant would dramatically reduce total operating costs from US$249/t to US$211/t, and total costs from US$432/t to US$331/t. "


Surely we're not giving away a graphite mining business that is finally profitable to our Assie chums? (US$432 total costs)

Read all illuminati's links.

Graphite is an up and coming business.

It's the place to be.

[thegrumpster] 02/6/2016 10:15

"they do have cash from asset sales. something like $3mil."

So why have they been unable to pay us as agreed, if they had all that cash?

The money they did pay was just drip fed.....not the sign of a cash rich company.

Pattersons themselves have just said:

"....We further assume that the funding required for the acquisition costs ......(and capex)..... funded through staged equity raisings over the course of the next 12 to 18 months.

Doesn't really look like they have the initial acquisition costs....does it?

[thegrumpster] 02/6/2016 10:13

Patersons page 7

"It is expected that the additional plant would dramatically reduce total operating costs from US$249/t to US$211/t, and total costs from US$432/t to US$331/t. "


Looks like we are finally making money?

What a shame to give it away to a rundown, penniless company that have failed in their previous ventures, and so far largely failed to meet agreements made with us.

Wondered why our BOD were not keeping us informed on production levels and costs.

[illuminati1] 02/6/2016 10:07

Jaded replysamfiodiving said: ?sam pattersons have recently started Graphite Sector Coverage based NOT on the majors SYR/MNS/KNL but on the jnrs up n comers. Micro more than Mid Caps. Sam every Broker in the Spec Mining particularly Perth Based is KNOWN for doing a pump. Not just Pattersons. Just get over it. It's Market Dynamics sophisticated vs retail.they do have cash from asset sales. something like $3mil.there's a story about this board. this Ric bloke was brought in by Major Shareholders to sort previous board of say 3 years ago out. apparently the old board were company bleeders see a 5/6 year ago chart. maybe 10 years whatever. BSM was Zinc/Gold trading at 50centish.Directors having bleeding skin in the game chestnutWell at a recent AGM the Directors were DENIED performance share "plan". Obviously the Major Holders the Top 20 etc voted for seeing some Performance not just promised by directors. So IMO the really Long Term Shareholders have maintained the "Value" of to be sold Assets in THEIR hands and not dissapating it to directors performance at the present time.Sam one should go back thru annoncements to find whether ANY Director with Skin in the Game actually bought On Market, shelled out their own cash OR whether accumulated their holding thru free options whatever. Very over rated IMO Director Holdings Buy/Sells as a FActor indicator.Anyway I and several other posters on here are Graphite Sector Speculators specific.That's the chief reason we're IN.Graphite Sector wise BSM has a lot going for it not least a Market Cap projection/Re Rate to at least $15/20mil marketcap just on "recognition" alone. Thus, Sam the Patterson Report and Coverage is first step Recognition.cheersJaded

[thegrumpster] 02/6/2016 09:58

Unless he was just making it up, to keep our spirits up.

[wskill] 02/6/2016 09:57

The only asset announcement from this bunch will be that STGR has no assets as we have given them to BASS .This company has been stolen from UK shareholders for no cash only vows and promises which can never be achieved the earn out targets are fraudulent in themselves as these levels cannot ever be produced with the present plant and BASS cannot fund any new plant investment as they have no cash to invest.

New asset announcement are you joking £36m has been invested in this graphite venture now stolen from STGR no hope of any investor stumping up more cash with this management who have helped make STGR worthless and asset less by giving away its only asset to their Aussie chums.

[thegrumpster] 02/6/2016 09:57

"New asset announcement next which will reset Stratmin."

Not to mention the other bids on the table that illuminati has frequently referred to in his uplifting posts.

[thegrumpster] 02/6/2016 09:53

Latest post on Hotcopper

"samfiodiving

Date:
02/06/16
Time:
17:39:33
Post #:
17937179

New

Have been watching this with interest not in yet couple of reasons

1 Pattos not a big fan

2 acquiring this asset yet have no cash ( at what cost will this be to existing SH with regards dilution )

3 How do you longer term guys view this board are they capable

4 The biggest one for myself personally when researching a stock is do the board have plenty of skin in the game because if they do they will not only look after their own investment but mine also
These guys appear to have zip invested not a good look really especially when this is supposed to look so good
Would love to here the longer termers view on these questions"

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

From page 1 Pattersons Report.

"We initiate coverage on BSM with a Speculative Buy recommendation and a valuation of A$0.027/share.

Valuation:

....We further assume that the funding required for the acquisition costs and required development capex are funded through staged equity raisings over the course of the next 12 to 18 months.

We recognise that the extent of the required raisings could have a potentially significant impact on the number of shares on issue, and that this impact
could be partially reduced by a proportional use of debt (sensitivity indicated on page 10 of this report)...."

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

[illuminati1] 02/6/2016 09:36

Indeed went up to 1.8c that's before deal completion. +80% possible gain for Stratmin tranche 1.New asset announcement next which will reset Stratmin.

[the accountant] 02/6/2016 08:43

Interesting share price movement in BSM overnight and with very high volume.

[knowsleyman1] 01/6/2016 16:41

The Indian connection was being worked on before Brett arrived!!

[illuminati1] 01/6/2016 14:29

jimbobtechstockPaterson report So looks like BSM target of 3.0c (DCF) and npv of AU$55m - with 18 month time frame for plant 2 construction, leaving 12 months spare to claim tranche 3 by end of 2018.So based on NPV of aud $55.3m (GBP27.7m) and bog standard mining valuation of 30% of npv leaves... GBP8.2m! Anyway, no surprises but the current production clearly lower than forecast (250tpm) and a new crusher required to reach 500tpm tranche 2. 18 months to install this and meet criteria.I'm thinking since BSM not paying cash up front they should be paying more than 30% npv but we are where we are.Also mention of Jumbo flake (30%), large flake (35%) small flake (35%) is better than I had imagined (pg7).Home straight now, surely... GLA

[thegrumpster] 01/6/2016 14:23

India has an up and coming economy, and once Brett's buddies have been shown the door there should be plenty of sensible investors both from the UK and India that can read all of illuminati's posts and see what a good thing this really should be.

If the business is good, or is about to come good, there should be no problem finding decent investors. Without attracting the pump and dump brigade, or trying to line the pockets of the chosen few, regardless of whether the business is succeeding or not.