Fred Prior
06 Jun 2016
Mars Hello Mars, I am a bit baffled I must say....i have been keeping tabs on STGR for a while now and correct me if I am wrong but have you not been calling it a buy from around the 9p level?Apologies if I have got something wrong but the current SP is just over a penny, what has gone so wrong here?Brief description will do. I never did like the way Manoli answered certain questions at the only AGM I attended, I see he has been replaced with some Aussie only for the SP to be decimated more.Confused.com
Mars_2050
06 Jun 2016
News close Jim, LSEHonestly I feel this is close to completion now. I know I've said this all along, and the DD stage took longer than I had anticipated, so you will take my own opinion no doubt with this in mind, but I would be very surprised if we don't have the deal on the table within the next 2-3 weeks.My assumption is that the BOD will want to get the interims out of the way to be followed quickly by the deal completing.Clearly Stratmin is in need of capital, the rock crusher required to meet even the reduced capacity of the original concentrator is a blocking issue from what I can gather and I believe now, with hindsight, the BOD were waiting on the Bass cash from the original deal to get that in place and achieve clear organisation-wide profitability, which would give them options.BSM clearly look to have *ucked us over on that, but this is business and we need to look to the future, we will get the capital from Bass, the mine will be fixed and we will see returns on that - not as much as I had originally hoped but fundamentally the mine is good and we're still linked in to the upside through BSM shares.Anyway, I assume BOD here will want the deal to be out around the interims so it is clear that the cash from Bass will plug our finances. I hear from sources the deal includes both the BSM final terms and details of the follow-on deal that will allow Stratmin to maintain its "ordinary" listing whilst extracting full value from the Bass sale.To the best of my knowledge, opinion only, DYOR etc as I do understand the prolonged uncertainty is not helping. Final leg now, IMO.
pally66
02 Jun 2016
very interesting [link] and graphene all in the mixPally
Mars_2050
01 Jun 2016
Paterson report: NPV $55 million [link] 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
Mars_2050
31 May 2016
Re: Tiny Market cap LSEThe initial deal laid out 2 phases of 60d each. I'm told the BOD hoped each would complete quicker but the DD stage necessitated lining up finance for Bass, to fund the expansion, so took the full 60days.The deal phase though should IMO be quicker as the negotiations are from what I can tell pretty much concluded.Any dumpers now are just weaker holders gone early who would otherwise provide resistance as this regains a sane mcap after the uncertainties are removed. I have limit orders set to buy more sub 1.5p and sub 1.25p so afaic let them sell. I'm pretty confident this deal will complete within the time frame
Mars_2050
31 May 2016
Tiny Market cap Stratmin Global's Market cap now £2.65m that's after Bass offers bid package of £8.6mMarket cap as of today, 31st MayChecked via BloombergBass Metals.....A$5.5m ~£2.7mSTGR................£2.65mNon-producing graphite companies, years away from production, not generating any cashCanadaZenyatta Res..........C$46m....£24mMason Graphite.....C$64m...£34mFocus Graphite......C$22m...£12mNorthern Graphite..C$24m...£13mFlinders Resources C$21m...£11mGraphite one..........C$29m...£15mMadagascar graphite peerEnergizer Resources..C$32m...£17mAustralia ASX Bass/Graphmada ......A5.5m !!Magnis, Volt and Syrah exploding...Hexagon Resources..A$28m - £14mKibaran Resources....A$41m - £20mVolt Resources..........A$77m - £38mTalga Resources.......A$37m - £18mMagnis Resources...A$319m! - £158mSyrah Minerals.........A$1.27 BILLION! - £593mStratmin.....£2.65m!!Graphite stocks skyrocketing Gains since Feb to dateAustralia ASXSyrah Resources +62%Hexagon Resources +100%Magnis Resources +180%Volt Resources +200%Canada TSXGraphite one +100%Focus Graphite +110%Mason Graphite +150%Northern Graphite +180Flinders Resources +280%The gap will close, just a matter of time.GLA
Mars_2050
31 May 2016
Green energy alliance Green Energy Alliance Formed to Enable Mine-to-Market Energy Storage24 May 2016A group of four energy companies ranging from materials, research and lithium-ion battery production are collaborating on a green energy alliance targeted at being the first mine-to-market next-generation energy production business.The 2GL Platform unifies graphene, graphite, lithium and battery innovation under one banner with one shared vision and direction. The companies include Grafoid Inc., a developer and investor in graphene research; Focus Graphite Inc., an emerging graphite mining company; Stria Lithium Inc., a mining company focused on lithium metal and foil; and Braille Battery Inc., a manufacturer and seller of ultra-lightweight high-performance AGM and lithium-ion batteries.Under the alliance, Grafoid will supply high-performing graphene; Focus Graphite will supply battery-grade graphite; Stria will supply lithium metal and lithium foil; and Braille Battery will provide battery production and sales. The R&D efforts will be coordinated through Grafoid’s technology center in Kingston, Ontario, in Canada.“The potential from next-generation green energy markets is enormous,” says Gary Economo, Grafoid founding partner and CEO. “pushing the boundaries of battery technologies, we aim to supply both materials and the know-how that create better energy storage applications at a cost acceptable for widespread adoption.”The main components of Lithium-Ion batteries for the automotive, energy storage and portable electronic device markets include highly purified and manufactured graphite, lithium and thermal management. Graphene surpasses graphite’s physical abilities to conduct electricity used in battery anodes and cathodes by multiple factors because of its purity.As technology moves forward, next-generation batteries are aimed at achieving higher-performing battery components at a lower cost in order to accelerate the move to electrification in the transportation sectors and enable high adoption of energy storage. Next-generation batteries are also a way to reduce the carbon emissions that may be the cause of global warming.The alliance will work to achieve these goals in the development of the 2GL Platform moving forward, it says.To contact the author of this article, email [email protected]
barno99
26 May 2016
Market cap and deal We with £8 million on the cards and a share value of just £2 and some change, this is a price game changer for sure.
Mars_2050
26 May 2016
Aussie comments $180 Million Market cap fair value.Stratmin will become a major shareholder in Bass/Graphmada via equity payments.Aussies getting ready for take off.6600 views on their bulletin boards and risingDoctorFouad hotcopper Bass Metalsyup indeed that post from AIM forum summeizes it very well :"It's been a sorry story first of poor technical execution and, more recently, lack of access to finance to push this low cost production into profit."Hopefully Bass management will be able to finance and refurbish completely the mine with newer better equipment (some 1M$-2M$ capital expenditure) and bring it to 96%+ purity at 10k-12k annual production. That would bring at least 15M$ annual revenues (assuming 10k per year at conservative price per tonne of the large flake 96% stuff at 1500$ per tonne). This could be the lower cost producer in the world of this large flake 96% purity graphite at max 750$ per tonne all-in sustaining expenses (including costs of sales, administration, overhead..etc), which means 100% margin and 7.5M$ profits annually. At 10x earnings we will be taling about 75M$ fair value of market cap, or 15x bagger from current levels. AND THAT IS AN EXTREMELY CONSERVATIVE FIGURE.The more optimistic scenario is 12k production of large flakes at 96% purity (probably achievable in 2 years timeline if the mine is adequately refurbished) for some 2000$ per tonne, meaning 24M$ annual revenues. I dont believe the costs per tonne will exceed 500$ including capital sustaining costs. Bringing us an unheard for margins of 400% or 18M$ profits per year. At 10x earnings, we will be talking about 180M$ fair valuee market cap. Or 36 bagger from current levels. Not even mentioning the possibilities for value added graphite and expansions (if Bass management plays it right that is). There are two reasons why GraphMada could well be the lowest cost producer of large flake 96% purity graphite in the world :1- Very low labour costs in Madagascar.2- very low mining and processing costs due to the following : extremeky low stripping ratio (near surface graphite), very low cost of mining due to clay deposit (no need for energy and time intensive blast-drilling or crushing), high 8% grade, with majority of large flakes resulting in even lower costs of processing (rinsing, flotation, drying, screening).All this sounds too good to be true, but it all depends on management execution. The teething technical problems that stratmin management suffered from (it took them 3 years) are now a thing of the past with 94% consitent quality already achieved, after the acquisition the ball will be in the Bass management terrain, for them not to under-capitlize the mine, and finish the full refurbishment program, modernization of the mine and expansion of production. It happens all the time in mining, many mines are unrpfitable until a turnaround with 2-3 owners and 1 or 2 bankruptcies. Stratmin management knew they lost access to capital markets and they had no choice but sell the mine to avoid bankruptcy before it is too late. But the package is smart and incentivize them to still care about imrpoving production after the transfer of property (tranche 2 and 3 criterias). Stratmin will benefit greatly from this sale in the form of higher market of Bass, and thus higher value for Stratmin shares in Bass. The will eventually cash out and become completely independent of graphmada. But for the time being if the deal is well executed its a win-win situation for all players.
Mars_2050
26 May 2016
Stratmin new asset 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.
asilad
26 May 2016
Crown Jewels Gone What is the interest with this company now that they have sold off the vast majority of their crown jewels to Bass? Sure, the have some money to invest in other projects now, but surely that isn't why people had their money invested here in the first place?
Mars_2050
26 May 2016
Bass successfully completes DD Successful due diligence of large flake graphite mine '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. The transaction will be completed through terms already agreed with Stratmin Global Resources Plc(“Stratmin”
, as announced via the ASX on the 4th of April 2016.'[link]
Mars_2050
24 May 2016
Lithium, graphite supply Fri May 20, 2016 Exclusive: Suppliers question Tesla's goals for Model 3 outputDETROIT/SAN FRANCISCO (Reuters) - Tesla Motors Inc has surprised parts makers with plans to move up the launch of high-volume production of its Model 3 to 2018, two years earlier than planned - an acceleration that supplier executives and industry consultants said would be difficult to achieve and potentially costly.In the past three months, Tesla (TSLA.O) has told suppliers the company was doubling its original production projections to 100,000 Model 3s in 2017 and 400,000 in 2018, several supplier industry executives familiar with the plans told Reuters.Details on Model 3 production projections have not been reported previously, and Tesla did not break out target volumes for the Model 3.Tesla has taken 373,000 orders for the Model 3 - which has a starting price of $35,000, about half its Model S - and has said it would begin customer deliveries in late 2017. But it has made no promises, and, on earlier models, customers waited months for delivery.Citing "tremendous demand," Chief Executive Elon Musk told analysts on an April call that the company planned to boost total production, including the existing Model S and Model X crossover, to 500,000 in 2018 - two years earlier than its original target and a 10-fold increase over the 50,000 vehicles it made in 2015.Musk said Tesla told suppliers to prepare for Model 3 production tests in July 2017, a goal he acknowledged may be unrealistic for some. But he said the "aggressive" target was necessary to reach production goals."Now, will we actually be able to achieve volume production on July 1 next year? Of course not," he told analysts."The reason is that even if 99 percent of the internally produced items and supplier items are available on July 1, we still cannot produce the car because you cannot produce a car that is missing 1 percent of its components,” he said.Musk said the Model 3's simpler design, new production hires and enthusiastic suppliers would help the company make its goals. He said Tesla would drop suppliers that could not meet deadlines and would bring more parts production in-house than traditional automakers typically do. He did not specify how much or which parts."It's very important for us to have the ability to produce almost any part on the car at will because it alleviates risk with suppliers," Musk told analysts.Industry experts said Tesla's new goals were extraordinary and raised doubts it could meet them. The handful of North American auto plants capable of building 500,000 vehicles a year are all run by automakers with decades of experience, they said. Tesla continues to have delivery delays for its Model X SUV. Its Model S also missed delivery targets when launched.ADVERTISEMENT SPEEDING UP ASSEMBLYOne complication is that Tesla has not finalized the Model 3 design and specifications, said automaking consultants and supply executives who asked not to be identified because Tesla prohibits them from disclosing contract details.Musk has said the Model 3 design and engineering would be complete in June, 13 months ahead of the planned production startup.Under ideal conditions, automakers have launched new assembly lines in 18 months, but they typically take two to three years after the first tooling and supply contracts are signed, several manufacturing consultants said.Fiat Chrysler Automobiles (FCAU.N), for example, is converting a Sterling Heights, Michigan sedan plant to make 300,000 Ram 1500 pickups a year, a 50 percent increase in capacity."FCA already has the talent and the money, and the underlying machinery is already installed in the plant," said one longtime supply sales executive. "They're aiming to be up and running in 2018, so they have two years – and suppliers are wondering if they'll make that deadline."Tesla says the Model 3 features 6,000 to 7,000 unique components, fewer tha
Mars_2050
22 May 2016
Market cap disparity 22 May Stratmin Global's Market cap now £2.45m that's after Bass offers bid package of £8.6mMarket cap 22th MayBass Metals.....A$4.6m ~£2.3mSTGR................£2.45mNon-producing graphite companies, years away from production, not generating any cashCanadaZenyatta Res..........C$51m....£27mMason Graphite.....C$55m...£29mFocus Graphite......C$24m...£13mNorthern Graphite..C$26m...£14mFlinders Resources C$19m...£10mGraphite one..........C$35m...£18mMadagascar graphite peerEnergizer Resources..C$33m...£17mAustraliaKibaran Resources....A$35m - £18mVolt Resources..........A$48m - £24mTalga Resources.......A$34m - £17mMagnis Resources...A$221m - £110mSyrah Minerals.........A$1.19 BILLION - £592mStratmin.....£2.45m!!GLA
Mars_2050
20 May 2016
Graphite stocks up Which graphite stocks are up over 70 percent year to date? May 20, 2016[link]
