Well said. We all know that STGR is just one jigsaw piece away from flying. One large recurring sales contract and they can produce at full steam, revenues, profits, expansion will all follow. MY obviosualy can't update us on contract negotiations but there is a whole variety of business events he could could be releasing news for: - Loading of stock in Madagascar/Arrival at client (For all we know it is still sitting there in Madagascar. Also I never did find out if the deliveries were FOB as MY wanted or CFR). - Arrival of equipment/installation (what on earth is going on with this?) - Activity from the consultants showing the value they are bringing. For all we know they are chilling on a beach somewhere doing sweet FA. MY seemed very excited to have them onboard so for nothing to be said about them for the past few months is a bit of a joke really. - General plans regarding exploration. Although I don't like the way David Lenigas operates there is something to be said about plenty of news updates. This is AIM and without news updates the stock will drift and drift. So come on MY get your finger out and keep us minions up to date. Rant over!
All very good but we are still waiting for an order to materialise here, all we have had so far is sample orders. In the meantime we have all the fixed costs to cover, and no production.
Saturday 2nd August 2014 AIM listed StratMin Global Resources (STGR) last week announced a 40 tonnes sales contract with a new customer - an “established European graphite trading house”, with delivery of the order expected to be “within August”. But there is more… This announcement follows a first sales contract announced earlier this month with “an established graphite trading company, based out of the USA” and thus reflects the international scope for the company. The company then noted that “further sales contracts are expected and will be subject to separate announcements” and retains this confidence – today noting that it looks forward to updating the market with further orders in due course. The announcement also adds that in accordance with their terms, the exercise price of 4,024,402 warrants has been reset, to 10.22p (the company’s annual report for the 2013 calendar year noting these to be priced as “the lower of 18.64p and 95% of the volume weighted average price of the company’s shares over the last 6 months”). This notably remains ahead of the current share price – though the shares have nudged higher on the back of that announcement, to a current 7.5p-8.25p. This is a company that could well be delivering pre and post-tax profits of well over £1 million and perhaps closer to £2 million by next year. And it has mammoth exploration upside to boot. The profit potential could justify a multiple of the current valuation. Things have undoubtedly taken longer than we hoped thus far here, but we expect near-term further sales contracts and positive production news to bring into view the profit potential and spark the shares from a current lowly circa £8 million market cap. BUY.
Now 7p - mkt cap only £7m
StratMin – new resource found: a buy at a 9p offer By Hotstocksrocket Friday 18 July 2014 StratMin Global Resources (STGR) has announced “extremely encouraging” exploration results showing the presence of previously unidentified graphite mineralisation adjacent to its producing deposit. Four recently excavated pits approximately 1,500 metres south east of the Loharano producing deposit (the ‘Mahefadok’ prospect) are noted to “have revealed significant regolith hosted graphite mineralisation at depth”. The company added that“this newly identified graphite mineralisation occurs approximately 500 metres north of two mapped north-south graphitic gneiss units and could represent a possible extension”. An exploration programme to help establish the extent of the regolith-hosted graphite mineralisation is to “take place over the coming months”. The shares have nudged higher to a 9p offer on the back of the announcement – having rather oddly also risen sharply before it. On a six month view this stock has trod water. However, as the company now “looks forward to updating shareholders over the coming months on both this exploration programme, and our ongoing production and sales progress”, there look obvious upcoming catalysts to spark the shares. What we want to see is production, sales and cashflow or at least evidence they are imminent. We expect that soon. And that will underpin forecasts of £2 million net income next year (cal 2015). The market cap is £9 million at the offer price of 9p. Do your sums. As others do their sums and we get news on offtake deals the shares will move ahead sharply. Buy.
at 7p but for the last time?? Big break coming this way pretty soon imo ...
Frustration with this stock
Everything written about this company and what it does has been more than positive of late, the analysts are tipping it, the company is actually producing and selling the goods and yet the market is not convinced. We need news here and an update of events, this negativity in the sp is frustrating the hell out of me considering the potential involved, so come MY, tell us minions what the f**k is happening.
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