|New epic STGR|
- 14 Mar'12 - 22:31 - 1090 of 1204
What did we pay for Madagascar out of interest,if it is worth so much?
stu31 - 14 Mar'12 - 22:42 - 1091 of 1204
stratmin paid $1.275m for 15% and no-one knows what it is worth until more info becomes available about graphmada..
Jo Jo- 15 Mar'12 - 00:33 - 1092 of 1204
We need confirmation of total mine reserves, quality in ground, quality at gate, and cost per ton to mine/process/etc. If we have just a bit of of 99.9% graphite coming through and the mining/refining/transport costs are conservative (say $700/ton) we are making serious money: ($3000 - $700) x 12000 pa = $27.6m x 0.15 = $4.14m pa. Based on a modest p/e of 4, the Graphmada investment would be worth about $16.5m, say £10m... for an investment of just $1.275m (£0.8m approx).
All guesstimates, could be wrong. Please check my figures.
If near correct, and we manage to double our stake before production starts in Q2 (which we can do from existing funds/holdings), we will have a resource which is worth over £20m -more if you use a forward p/e. Share price should be a leading indicator, in which case it will have to motor between now and May/June.
Time for bed.
Out of interest I recently sent these extracts to a friend.
Jo Jo- 9 Mar'12 - 11:51 - 940 of 985
If the boys are in Madagascar, I can only assume they are negotiating an increase in our stake, which hopefully will be done soon, pre-production. Based on earlier valuations in this thread by engelo and others our existing investment is 'really' worth perhaps £8m (over 3x current market cap on its own!). So we need to exercise the option to take this stake up to 45% or more on the same terms, liquidating old Silver holdings and/or Brady, if necessary to do so. It's already been encouraged on this thread, and it looks like it may be happening. Great news - increasing this holding to one which has a fair value of £25m+ (AND from existing funds, so no cash raising required). A clever bit of business on the part of Sahney/Marvin. Well done boys.
10p looking very likely now, over the coming week or so.
xcap - 10 Mar'12 - 13:52 - 985 of 985
Engelo yes have done so. I initially started my reading (twice!) from 12 Jan (the RNS release of strategic review), but last night went back to 1 Jan. I hadn't realised that ConsMin only entered the register on 5 Jan, there I was assuming they were there from the TW days. The level of research you guys have done is unbelievable.
I have no views presently regarding the RTO idea. I need to understand it a bit more before forming a view. I appreciate that is what Nat Rothschild has done with GENL and BUMI, and look at their mcaps!
The ConsMin connection:
1.Clearly a strategic holding
2. With a 21% holding a seat on the Board has to follow, this would then provide formal strategic direction and operational execution not to mention the vast resources WSAG would have access to (human and otherwise), and this is what the market will like it would be the formal stamp of approval and will add a serious amount of value to our mcap
3. Remember also that with AUM's 4.82% (if they are aligned with ConsMin) they would have over 25% voting power which means much greater rights in calling for special resolutions (which I suppose does/could add to the RTO idea)
4. I think ConsMin must have been in the background supporting GS for sometime before the shake up. You don't just get the 5 Jan RNS and a week later issue another announcing a stake in a graphite operation in MAD without the confidence and support of a stakeholder such as ConsMin, infact I think they would have unofficially "rubber stamped" it. GS is no doubt very bright and has taken a crash course on commodities, but you cannot make material operational investment decisions of this nature without a whole team involved assessing
a. quality of asset and its operations
b. the management
c. assessment of off take agreements - no point in producing 12k tons if they have not secured a market
d. geological reserves and resource, grade, cut off and all the other technical and engineering aspects of the mining operation and investment..... (would GS honestly know or have the skills and expertise to sign off the resource as being verifiable on behalf of the WSAG Board and its shareholders - i think not, i think there would have been a team of helpers on hand from ConsMIn)
d. obviously the list is not exhaustive
edit: apologies, engelo your post 981 address' this point
But, having written the above, I am asking myself, if ConsMin have done all this to support WSAG where's the benefit to them, why not just deal directly with Graphmada. I've stopped dead in my tracks because it lends much more credence to the RTO idea or their ultimate goal of creating a company with subsidaries operating in critical and strategic metals to list them separately with controlling interests. .......
JoJo_- 11 Mar'12 - 02:06 - 986 of 986
I'm still totally convinced ConsMin (poss. c/w Global Gold) have big plans for StratMin. However even ignoring this, a 45% stake in Grafmada would produce around £10m in turnover for us. Not sure what margins will be like, but assuming they will be at least 30%, we should get £3m pa in profit on the holding. At 6x, the Grafmada investment alone should add nearly £18m to WSAG's (StratMin's) market value. Production due to start Q2 2012 (ie very soon). Let's hope they can build the stake up to 45% or higher, and that is the reason for the directors visit to Madagascar, and possibly South Aftica where Bogolyubov has a few operations.
We have a ready-made buyer for the graphite in the form of Abramovich's EVRAZ (where Bogolyubov sits on the board). Apparently Bogolyubov, who is based in London, also intends listing his Privatbank on the LSE this year. Oil producer Ukrnafta, in which Bogolyubov holds a 10% stake, is also preparing to IPO. Personally I think he'll be quite keen to ex-patriate some of the proceeds.
Clearly funding will never be a problem for any venture he chooses to get involved in.
Jo Jo 17 Mar'12 - 11:45 - 1170 of 1171
Although the subject wasn't broached precisely, I presume there was very good reason for the Madagascar visit (ie. more than just GS meeting the management down there). I bet documents were signed while they were there. They would want to tie down a decent size stake, say 30% - 45%, before the price and interest in graphite takes off. Judging from the original statement this was loosely agreed at the start. Graphmada may need some more cash soon for transportation etc, so hopefully the mechanism for increasing this stake, etc, has now been agreed in writing. As already noted, a lot of this could be funded from the sale of the BRDY/Silver stakes. Graphmada are contemplating a listing down the line, and could use the expertise we can provide. It could be valued at over £60m by that time, providing an attractive part-exit strategy for us and the current owners.
Traditional demand for graphite in the steel and automotive industries is growing 5% annually, and graphite prices have tripled. New applications such as heat sinks in computers, lithium-ion batteries, fuel cells, and nuclear and solar power are all big users of graphite. These consumers are beginning to place substantial demands on existing production-and over 70% of that production is from China, which is no longer selling this resource cheaply to the rest of the world as the country's easy-to-mine, near-surface deposits are becoming exhausted.
Graphite's criticality and potential scarcity has been recognized by both the United States and the European Union, which have each declared graphite a supply-critical mineral. Recently, the British Geological Survey ranked graphite right behind the rare earths and substantially ahead of lithium in terms of supply criticality. Clearly, there is much more to graphite than pencils.
......Only flake and synthetic graphite, which is made from petroleum coke through a very expensive process, can be used in lithium-ion batteries, the current demand driver for this crucial substance.
321energy.com owner Bob Moriarty recently commented, "If you believe in lithium-ion batteries, you would do far better by investing in a good graphite company than a good lithium company. .
.With demand for graphite growing at 50% per year and prices reaching $2,500-3,000 a ton, the future for graphite companies with actual projects is excellent." ...
Countries known to have reserves of highly valuable flake or crystalline graphite include Austria, Norway, Germany, Italy, MADAGASCAR, Sri Lanka, Russia and Canada.
"Graphite and Rare Earth Metals for the 21st Century: Jack Lifton
TICKERS: FMS, NGC; NGPHF, SER
Source: The Critical Metals Report Editors (2/7/12)
Complete text posted by xcap WSAG thread 11 Mar'12 - 09:44 - 992 of 995|
|Looks Great already Stephanie, well done :¬))|
|Should anyone want any text in the header it might be better to type it and post it here for Stephanie to copy and paste if she wants to onto the new thread.
New thread here,
|Stephanie_M - cheers for that. New company new thread - good for another 10p on the share price at least :)|
|New STGR thread set up
Will add links / charts etc later
|SELL SILICON, BUY GRAPHENE BUY STRATMIN GLOBAL
GRAPHENE-THE NEXT BIG THING
GRAPHENE + RUSSIAN BILLIONAIRE =REASON TO BUY STRATMIN GLOBAL
GRAPHENE-THE NEW URANIUM-BUY STRATMIN GLOBAL AND GET IN ON THE GROUND FLOOR
GRAPHENE WILL CHANGE YOUR WORLD-SO WILL STRATMIN GLOBAL
Hope these help.
Suggest you put the graphene articles at top of the thread because they are very exciting.
|Or Stephanie could do it :)|
|xcap - Stephanie's baby not mine, full credit where credit is due.
What you should do is wait until people are asleep then copy all the posts you want onto the new thread. Seriously. it's the best way to do it and that way you will have them all together without anyone interrupting.
I personally look up threads by the epic and don't care what the rest of the description is, which is why I prefer that being first. Have a look through the list of threads and see how many you can easily pick out and I bet most of them have the epic at the start.|
|Ok will see what it will look like
|Ok will see what it will look like
|Marab/Stephanie many thanks for taking the time and effort to set up the new thread.
An ask: would it be possible to copy and paste the posts from 1 Jan 2012 to about 3 weeks ago? I just think there is so many good views opinions and research that new comers will get a comprehensive picture of where the company's is going upon reading the posts as mentioned. Just my view.|
|Stratmin Global Resources (STGR)
|STGR - Stratmin Global Resources|
|Exponential Growth from Strategic Investments?|
|Suggested header name for the new thread by 4pm today please
|'Stratmin Global Resources'
Thats fine by me as the thread title,keep it simple.
With some charts and web site etc|
|Stephanie is looking for a good title to the new thread, answers on the back of a five pound note please. Quicker you lot come up with something the sooner the thread gets started.|
|I have just sent Stephanie a PM to say the new epic is running now, so if she still wants to do a new thread she may post here to have questions answered. New epic and the price goes down - that's not supposed to happen is it ?|
|Time for a new thread anyone ??|
|xcap - thanks, I still can't see it on my investigate so will need to find out what I am doing wrong. EDIT, it's now showing on Investigate with a time stamp of 7.00am - problem must be me.
engelo - leave some for the new guys :))|
|Can buy at 3.81: just added a few.|
|Hi marab, yes i saw it in Investegate
Stratmin Global Res
Change of Name
RNS Number : 6511Z
Stratmin Global Resources PLC
20 March 2012
Stratmin Global Resources PLC
("Stratmin" or the "Company")
(Formerly Woodburne Square AG PLC)
Change of Name
Following the passing of the resolutions proposed at the Company's AGM on 1 March 2012, the Company has now changed its name from Woodburne Square AG plc to Stratmin Global Resources plc.
The Company's shares will now be traded under the AIM symbol STGR.
Stratmin Global Resources PLC
|marab: on stgr, not here (crafty as usual)|