Stratmin Global Share Discussion Threads

[beeezzz] 04/9/2017 22:01

Received a letter from my broker....asking what I wanted to do with these shares held in my SIPP, what is the consensus...pretty much worthless IMO

[thegrumpster] 25/8/2017 20:22

Wonder if Signature has spent all our money yet?

[thegrumpster] 03/8/2017 10:12

Reposted from Lse:

"Monkeybusiness
Posts: 1,054
Off Topic
Opinion: No Opinion
Price: 1.0525
View Thread (2)
Full message from Brett
Today 09:28
Thank you for your note.

We are very disappointed with the failure of Allan Lam and his Axel consortium to deliver the financing in good time, the planned process for resisting was dependant on this. Axel is a well credentialed counter-party with Clifford Chance acting for them and all the checks and verifications completed. We were not aware that there was a risk of exchange control delay and without the funds coming into the ESCROW account as expected, we were unable to get an extension from the AIM team.

The plan remains to complete the transaction and relist as an IPO, not an RTO, but with the same deal.

The timing is impacted now by the summer hiatus and the brokers have advised that we should wait until the second half of September to revisit the capital raise.

The deal with Axel was for a larger sum than we required and was sized to give them a desired 25% position fully diluted. We will look to raise a smaller amount with less dilution in September and continue as planned.

In the interim there is funding in the bank to continue the technical work on the gold projects. We have had progress with the licensing in Czech Republic and have progress on those fronts.

There are a few investors asking the same questions, so I am copying this message to a number of your fellow shareholders. I am also working with the Consolidated team who lead the original RTO to see what support they can lend to the Company in terms of accelerating to a new listing.

My focus now is to keep the team motivated and work as quickly as we can on recovering the transaction and the listing ASAP.

Please do keep in contact. I know that no communication is the worst possible outcome and we want to keep you praised of what we are doing to get back to market and build value.

Regards

Brett"

[thegrumpster] 02/8/2017 17:54

Looks like the ramping clowns are still removing posts on Lse.

Two "rollthediceagain" posts have been removed.

What a farce.


18 posts listed for today on the Lse share chat icon, only 12 still showing.

Arminius working overtime?

[thegrumpster] 02/8/2017 08:45

Running late now.

Thought the insiders were hoping for a good run.

[pictureframe] 17/7/2017 20:39

I wonder how those sophisticated investors are getting on

[thegrumpster] 15/7/2017 22:23

Second court date was penciled in for 24th July.

21 June RNS:

"....the first court hearing for the Scheme was held today, 21 June 2017. The proposal of the Scheme to the Australian Court was successful and the Court has ordered for the Scheme Booklet to be registered and presented to Signature Gold shareholders with a General Meeting to be convened for approval of the transaction.

The associated Admission Document will in due course be circulated to StratMin shareholders and a General Meeting similarly called for transaction approval. Documentation will also be published on StratMin's website in due course."

So maybe news next week of the upcoming General Meeting, if they are still running to schedule?

[thegrumpster] 05/7/2017 09:45

Raising at 2.4p.

Better than expected ....for myself anyway(4.6p was probably too much of an ask).

Let's hope gold starts a bull run in August.

Over to you Mr Trump.

[thegrumpster] 27/6/2017 19:44

Scheme booklet for Australian investors is out on the Signature gold website.

Links are on Lse. Courtesy of "Monkeybusiness".

[rogerbongos] 22/6/2017 11:50

Thanks for the update!

[thegrumpster] 21/6/2017 09:01

Post from the Lse site:

"Today 07:18 Monkeybusiness From Brett 1.125 No Opinion
Mark

The Signature Scheme was put to the Australian court this morning and I am awaiting written confirmation but have verbal that the Judgement was an approval of the scheme.

There is a second court date set for 24 July, which is the closing approval and as a pre-requisite, StratMin needs to have completed the presentation of the Admission Document and general meeting to approve the transaction, so we are finally in the home straight.

Regards

Brett"

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

Original timetable:






Attachment 1
Indicative Scheme Timetable

16 March 2017
This agreement is signed and Scheme is announced.

Week of 3 April 2017
Draft Scheme Booklet and Independent Expert’s Report submitted to ASIC for review.

Week of 17 April 2017
Scheme Booklet, Independent Expert’s Report and evidence submitted to Court.

Week of 17 April 2017
First Court Date.

Week of 24 April 2017
Scheme Booklet is registered with ASIC, printed and dispatched.

Week of 24 April 2017
Notice of Scheme Meeting issued to Shareholders.

Week of 22 May 2017
Notice of Second Court Date published.

Week of 22 May 2017
Scheme Meeting.

Week of 29 May 2017
Provision of evidence ahead of Second Court Date.

Week of 29 May 2017
Second Court Date.

Week of 5 June 2017
Record Date.

Week of 12 June 2017
Implementation Date

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


Original first court date was 17th April.

Looks like the (AIM) admission document and general meeting have to be completed before the second court date. So trading could be allowed a couple of weeks after that?

Early August?

[twigbird] 07/6/2017 20:00

Hi TheGrumpster

good posts through the thread TG imo raising legitimate concerns

unfortunately met with mindless response from the expert cut and paste brigade

hope some fledgling investors were lucky enough to note them before they got buried


"Shishir Poddar has just resigned from Stratmin.
We only have 1.45% of TRM so how much that will eventually benefit current STGR long term investors is IMO debatable."

it does not look to be a very large interest in Madagascar graphite going forward to me but will stand corrected, I am certainly no expert

management obviously put a great deal of effort into newsflow planning over the years etc etc etc etc etc ETC

it's a shame management did not put the same amount of effort into managing the actual business opportunity the Stratmin shareholders bought into

imho

[thegrumpster] 06/6/2017 21:21

Hi twigbird

From the link:

"....Stratmin and Tirupati recognise the significant potential that exists for the development of graphite mining in Madagascar. The combination of Tirupati's technical expertise in graphite processing and Stratmin's current operations, growing resource base and access to capital markets, will help to unlock the full value of the Loharano, Mahefadok and Vatomaina projects to grow the group into a mid tier graphite producer for the benefit of all stakeholders...."

"Appointment of Mr Shishir Poddar as Technical Director of Stratmin



Mr Shishir Poddar, Founder and Managing Director of Tirupati Carbons & Chemicals Group, is appointed effective today to the Board of Stratmin as an Executive Director with the title of Technical Director with a salary of £84,000 per annum and Stratmin will consider performance related benefits in due course. Shishir has 22 years' experience in the mining, processing and marketing of natural flake graphite. He holds BSc degree from Bombay University and started training in the graphite industry with Chotanagpur Graphite in 1992. He became Executive Director of the company before resigning in 2007 to co-found Tirupati Carbons & Chemicals, which he has established as a leader in the Indian flake graphite industry. "

Shishir Poddar has just resigned from Stratmin. We only have 1.45% of TRM so how much that will eventually benefit current STGR long term investors is IMO debatable.

From the latest RNS (26 May 2017):


"....Directorate Change and Joint Venture update

The Company also announces that with the achievement of this important transaction milestone moving StratMin into the gold industry, Shishir Poddar has resigned from the Board with immediate effect in order to focus his attention on developing the Vatomaina graphite project in Madagascar. This project is owned by Tirupati Resources Mauritius Pvt Ltd ("TRM") in joint venture with StratMin. TRM has successfully completed a pre-IPO fundraising into Tirupati Graphite plc. ("TGC"), a UK holding company incorporated for the group. TGC intends to undertake an IPO and to be admitted to trading on AIM in the second half of 2017. Mr Poddar will focus his time and effort on completing this IPO and development of the group's graphite interests.

As announced on 18 June 2015, StratMin entered into a joint venture agreement with Tirupati Carbons & Chemicals Group (P) Ltd. ("Tirupati"), a private Indian-based graphite mining and processing group, with operations in India and Madagascar, which Mr Poddar is a director of. As of the date of this announcement, StratMin owns 1.45 per cent. of TRM and the Company is in the process of transferring these shares into Tirupati Graphite plc.

Mr Poddar remains a significant shareholder with 6,284,387 ordinary shares in StratMin, representing 3.55 per cent. of the issued share capital. Mr Poddar holds no options in the Company."

[thegrumpster] 06/6/2017 21:08

I'm hardly a new registered name Harvey.

Why don't you cut and paste some uplifting gold articles, and make them your own, before Illuminati and comet5d beat you to it?

Signature investors finally look like they are going to be able to see some return on their investment in 2010/11. Shame it had to be by effectively (IMO)pirating another company's listing and cash.

Wonder how much drilling will have to be done before we see any return. Years? Like the Signature investors?

But then there is always the rampers to fall back on between cash calls.

Wonder where they are?

Rehearsing?

[rogerbongos] 05/6/2017 12:57

Chillout man!

I've got £400 in StratMin, what happens when it comes back on AIM isn't the end of the world to me. But in 8 years of trading shares this is the first that's been delisted from the exchange and turned into a cash shell - I'm intrigued and wanted to know more so i registered here.

I can take a picture of myself with today's paper and my username like they do in a kidnapping if you like :)

[twigbird] 02/6/2017 18:08

Hi

an interesting issue



from above ...

"having been assigned these rights from Consolidated Chrome Pte Ltd, a company controlled by Mr Ghanshyam Champaklal, a significant shareholder in Stratmin"

FEB 2015 I think !

hxxp://dnimetals.com/wp-content/uploads/2016/03/REPORT-NI43-101_Transaction_Vohitsara-v.160301_FINAL-1_SIGNED.pdf



nice foot work Sir's

can't wait for the next series

while waiting perhaps a few good films to keep all entertained



the prestige

act one : the pledge
act two : the turn
act three : thr prestige

&

Gold 2016

[rogerbongos] 01/6/2017 16:06

Hi Harvey,

From reading the theme i can see there's been some back and forth with the grumpster but I assure you i'm real! :)

I have a very small holding in Stratmin, was put onto it by a tip in Moneyweek (David Stevenson) as a play on Graphite linked to demand from Tesla.

I hate the word 'punt' in regards to investments, but i £400 left in my ISA allowance and figured Stratmin was worth a gamble.

I'll need a share price of 5p to break even.

Will be interested to see what this is valued at once it refloats. Does anyone have any expectations of share price growth? Earlier posters seems to have been in this situation before.

Grumpster - From the above your expectations are low!

[thegrumpster] 26/5/2017 22:41

At one stage he had 30% along with another director who also had 30%.
That was in 2010/11. Since then they've raised money and probably hold less but are still major holders.

Obviously legal.

Good practice?

Probably considered normal practice for AIM.

To me it raises the question of just how hard they looked at other opportunities. But long before that, it raises the question of just how not in their interests it might have been, if the STGR shareprice, had actually gone up during Brett's stewardship.

Details are available of the original main shareholders on H0t copper under the epic SGK, in a prospectus that was issued in 2011 when they wanted to list on the ASX, a year after the company was formed.

Page 106 of the prospectus:(They were hoping to raise A$7-10m)

First percentage figure...."Shareholder Shares Percentage of Shares on issue before Listing"
Second figure...."Anticipated Percentage of Shares on issue after Listing*

Agfund Investments Pty Ltd (1) 7,000,000 10.01% 5.6%
Blackbrook Nominees Pty Ltd (1) 8,750,000 12.51% 7.0%
PFTJ Pty Ltd (1) 4,125,000 5.9% 3.3%

Tickhill Holdings Pty Ltd (2) 20,875,000 29.8% 16.8%

(1) Mr Peter Prentice has a relevant interest in these Shareholdings. Mr Prentice will receive a relevant interest in a further 1,000,000 Shares after Listing
if the offers of Shares under the ESP are made by the Company and accepted by Mr Prentice. See Section 9.10 (Directors Shareholdings) of this
Prospectus for further details.

(2) Mr Brett Boynton has a relevant interest in this Shareholding. Mr Boynton will receive a relevant interest in a further 1,000,000 Shares after Listing if the
offers of Shares under the ESP are made by the Company and accepted by Mr Boynton. See Section 9.10 (Directors Shareholdings) of this Prospectus
for further details.

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

The figures are from 2011, they will likely own less now but still be substantial shareholders as has been stated.

To me it looks like Marvin got what he wanted, Brett and chums got what they wanted, (They finally have an alternative to endless drilling and waiting for a distant end game and pay off .....gold was much higher when they wanted to list on the ASX)....and now it even looks like even Shishir got what he wanted.

Where did STGR shareholders come into this, IMO very well planned, little move?

Who was supposed to be looking after our interests? (The rampers?)

And what happens to our interests if this does not go through?
(Although there is very little chance of that IMO, unless they are completely useless).

Only on AIM.

[rogerbongos] 26/5/2017 14:35

So Brett has interests in Signature and from the sounds of it convinced Stratmin to buy it?

Are there any grounds here for legal dispute of his actions or is what he's done perfectly legal? Granted it may not be good practice.

[thegrumpster] 26/5/2017 13:15

"Any updates on the timelines for progress here?"

There is a timetable for the Australian side of things available on the Signature website.

IMO add a month/six weeks for the UK side of things.

They seem to be running a few weeks late.

August maybe?

Or soon after to sell or "Fill your boots".

This will be the first time that Signature investors/owners would have been able to see a return on their investment? Lucky them. Brett knows how to look after them/himself.

He'll do well on AIM.

Fit right in.