We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
GM Circular now available under Investors on the STGR web site. Looks promising!
GM to be held on 22nd May. See web site for details
Think it's a matter of holding tight until the 24th.
Updates?
Not long now. All looking very positive.
Both Specimen Hill and Mt Cassidy are looking promising to say the least, so much so, that several major gold companies are currently carrying out due diligence on the former. Brett states that they are hoping to bring one of them in as a development partner within the next six months. Once this listing is up and running, there is a hell of a lot of potential to look forward to here, up until then any further info I receive I will continue to post it here. Let's get this board rolling again.
Thanks Vidaloca for being on the ball and providing a positive update.
Thanks bud
thks. so looks like we can trade the shares before June hopefully.
The main points for me here is that we are still on track and exploration results are still being carried out in the background and are positive. I am surprised no one commented on the French Governments EUR 700,000 tax refund which was an uncertain entity and is now enabling to fund works, being carried out. This was massive imo. I always expected delays in some form, it is unavoidable when dealing with governing bodies, it is a fact of life. Dig in people, we are nearly there. Thanks for touching base. Signature received clearance from ASIC, the Australian regulator, at close of business on Friday, for the revised Scheme Booklet. SDo the Scheme will be put to Shareholders via a circular in the next coupe of days and that starts a 21 day countdown. Separately the Scheme is put to the Australian court for a first review on Thursday and a final authorisation on 24 May. In between the scheme will be presented again to the StratMin shareholders and we are competing a process with the Takeovers Panel to clear that ASAP. We then have a clear runway to admission on the NEX on or about 24 May. So we are still on track as planned with the revised scheme. Thanks for offering to share the information from the last e-mail. Please do go ahead. It is useful to reach as many shareholders as possible. We have the support of the Consolidated Resources and Viking concert party, but without RNS announcements don�t reach as many shareholders as we used to. Separately we have the 3D IP survey back from our Canadian experts and we have the results we hoped for. These are with the independent expert for review and opinion before we formally present anything externally. The team are back in the field this week at Mt Cassidy, preparing that project for the same treatment to complete drill targeting. We have Sub Audio Magnetics (SAM) over that area, but need to follow up geochemical program which is being run this week and then we will run the same 3D IP from the Canadians again in a couple of months. We are very excited to have a major new discovery read for drill out and a follow on project a couple of months away from drilling. Fingers crossed we continue to get the results we predicted, then we can begin to work on collaborations with the major gold miners with confidence on our exploration systems to reproduce the results.
Whats going on.... silence on both signature and stratmins website?!
Thanks for sharing.
My thanks also
Thanks for that monkey,my initial exitment had all but disappeared with information from the company being poor to say the least,fingers crossed for a happier ending to what i thought was a lost cause.
We had an unexpected problem with the AIM market deciding that StratMin would ned an additional GBP5 million to list. This was obviously going to create significant dilution and was not supported by key shareholders. Following this hurdle being set very late in the process, we met with the NEX Group in London and they gave us a pre-eligibility clearance to list on the NEX Growth Exchange without an enlarged working capital funding. This is being used as a stepping stone to a main board listing in London under the European Union regulations for a �Standard Listing�. The NEX gives us two advantages, it maintains the tax concessions for UK investors and enables us to establish a clean UK PLC group to take to the main board listing. It is also about a third of the cost of an AIM listing which ultimately means more money in the ground testing. We have today executed a revised agreement with Titeline Drilling in Australia to cornerstone the NEX listing. The Scheme Implementation agreement with the change from AIM to the NEX has been executed and the revised Scheme is now in front of ASIC, the Australian Regulator for approval. We hope to have full shareholder documentation circulated in the next week with NEX listing immediately after the shareholder approval. Peterhouse Capital have undertaken to provide a minimum of GBP500,000 alongside Titeline and our other investor interest. This will be added to the receipts from Bass and a tax recovery of EUR700,000 which dates back to pre Graphmada operations when StratMin was a trading business. The budget will enable us to complete the drilling program required and fund the listing of the company on the main board of the LSE. We are also in due diligence now with a number of major international gold producers who are looking at collaboration in either a JV or equity participation in the Specimen Hill project in Queensland. Ideally we will bring one of these discussions to a successful contract alongside the listing on the main board. The technical team continues to work up Specimen Hill. The final drill targeting analysis has been completed by our geophysics contractors and is now being modelled with the drilling team. We will have rig availability from early May to begin drilling as we complete the NEX listing. It has been a very convoluted deal and the about turn from the AIM team caused us a bit of anxiety, but we are now confident that we have a better long term solution with a main board listing, away from the problems of the NOMAD system on the AIM. As all of the management team are equity incentivised, we are pushing ahead as quickly as we can to ge the listing done and run the drilling program to post up the maiden JORC resource. Regards Brett
You could not make it up - :))))
Hi mate, thanks for the reply I really appreciate it. Sorry to hear about the broken wrist, that must have been painful1. I did have a look at fastbase (via GUN) and does look interesting - hope it works out good for ya!
Apologies for not getting back to you sooner Quindell. I unfortunately broke my wrist and wasn't able to make it to London to meet Brett. I have been busy investing in the Fastbase pre float fundraise and haven't spoke with Brett for a while. I will email him today and get back to you as soon as I get an answer.
Any news?
I think end April on NEX, but before you sell, best read what they will put out. Yes, it has been frustrating, but people like Brett Boynton are heavily invested in this working. They want the opportunity of a stepping stone to a larger capital raise in possibly going to LSE. NEX listing should start at 2p. But unless you need the money, please understand that the directors have significant incentives to attain more. The new company has basically nothing to do with graphite, and everything to do with gold. Timing might eventually be right in a year or two as cryptocurrencies collapse and people decide that gold does have appeal after all.
Long time reader, rare poster... have to say I�m pleasantly surprised to find there are still some posts and enthusiasm for a share I�d frankly given up on. It does seem that people more informed and optimistic than me still have faith in this businesses, with a credible rationale. As a holder of significant paper loss on 200k worth of shares I have virtually given up on this. I�d be interested to hear considered thoughts on how soon this share might be tradable again, and a reminder of what each StratMin share will likely be worth if & as & when it it relisted ?
A listing on the main lse market sounds good,but could be a long way off,as i was under the impression that the conditions for listing i'd be surprised if we could meet,m cap,trading accounts etc,hope i'm wrong.
Well we have until the end of April for scheme implementation... our Stratmin money has been funding all the exploration at Signature so if they are just milking us dry.............
I agree it's frustrating when things don't go to plan but I also understand when something as complex as an RTO (particularly one such as this) is undertaken, there will be, more often than not, setbacks. With that in mind, I would rather those setbacks be resolved to my advantage rather than just ploughing through for the sake of a listing. The fact that having a bi-route to save dilution and then ultimately a main listing on the LSE is taking a few months longer than planned suits me better than the alternative option.
Its like an ongoing saga and its bloody frustrating, this court date then another then another then this excuse that the other....