Ever thought why they need to produce 400/500 tonnes per month to break even? They can't sell 30/40 tonnes.
From rns nov 2013... Further beneficiation is possible through the use of acid leaching. The laboratory testwork delivered a 98.3% Cg grade product with no negative effect on the flake size. I suspect they can also now get to the 99.9%, should they introduce leaching. If higher grades are what the market demands, then we can get to those grades. What adjustments are needed do we know?
work in progress...
92.69 per cent. carbon content has exceeded our expectations at this stage and proves StratMin is capable of producing premium grade graphite. These are great results that demonstrate we are moving in the right direction." This to me shows that the bod fully expect to further increase quality (and they have found additional resource in new location). Also the arrival of some new key senior managers show they are highly ambitious. To get in at such a cheap level will prove good business I think. This is a resource that is about to shoot up in demand.
STGR has shown it is committed to improving quality having gone from 80% to 92% purity and has the ability by introducing leaching to further improve quality to where it needs to be, which is 99.9%. Then STGR will be a real player that can offer resource through to high quality product, given we think we have found even more resources at new location, this quality upgrade needs to be prioritized and then watch this fly.
STGR - miningweekly summary
Stratmin ups graphite recovery at Lohorano in loss-making H1 29th Sep 2014 Natalie Greve (miningweekly.com) Aim-listed graphite producer Stratmin Global Resources has taken numerous steps toward the technical development of its Madagascar-based Lohorano operation, installing a pebble mill and scrubber, enabling the plant to produce graphite concentrate of up to 92% carbon, Stratmin MD Manoli Yannaghas said, reflecting on the group’s performance for the six months ended June 30. At the start of the year, the plant was unable to produce concentrate with a carbon content greater than 80%; however, following a redraw of the plant flow sheets, an attrition stage was added in March that allowed the new plant set to deliver up to 92% carbon concentrate. “Having demonstrated the ability to produce commercial-grade concentrate, the Lohorano plant carried out production runs between April and July that consistently produced saleable graphite on a one-shift-a-day basis. “This product was subsequently sold to two recognised graphite marketing firms in the US and Europe,” Yannaghas said in a statement on Monday. He added that the two secured sales contracts had extended Stratmin’s reach into the European and US graphite markets. “I am confident that this significant step forward will lead to long-term relationships and agreements for the company,” Yannaghas commented. Further, technical improvements in the third quarter were also carried out and included an upgrade in the dewatering process, improved grade consistency in the concentrate as a result of further development in the flotation process and more accurate screening capability. Stratmin had also upgraded its maintenance department and supply chain to decrease production delays owing to the acquisition of spare parts. In terms of exploration, a new exploration programme was started at Lohorano in June, which focused on two additional targets within the licence area, both of which had similar surface characteristics to the existing deposit area. At present, these two areas were the subject of geophysics, pitting and trenching, with a view to advance future drilling. “As well as this exploration, the company continues to refine its mining plan covering the existing resource to increase mining efficiency,” Yannaghas outlined. Stratmin also successfully raised £2.5-million in an equity placing in March, with part of the proceeds being used to fully repay the outstanding debt owed to investor Darwin Strategic. “The company has also expended great efforts in redesigning its financial controls to better allow it to plan, control and understand the costs associated with the business,” Yannaghas pointed out.
Yes and so were those who bought at 70p. These guys have fleeced investors by misleading them. Look at ADVFN and see for yourself how some investors were and are considering libel against STGR. Gobind Sanhi ?? Ask Graphite tech what he thinks of this company? Check his name and you will see from his screen name how much he knows
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