Member Info for Early_Bird

“The Loan will be used to fund the Company's investment commitment to the Tirupati Resources Mauritius ("TRM") joint venture AND for general working capital. This facility gives us capacity to FULLY fund our commitment to our joint venture partner without any delay to the planned development of the Vatomaina project.”

No worries monkey some people need spoon feeding. To point him at the circular this paragraph: "Following the Disposal, the Company will be classified pursuant to Rule 15 of the AIM Rules as an AIM Rule 15 cash shell. The Company will be required to make an acquisition or acquisitions which constitute a reverse takeover transaction under the AIM Rules within six months of becoming an AIM Rule 15 cash shell (which will be deemed to be the date of Completion) OR be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million)" I have done the OR in capital letters to help them. Its pretty clear.

Wrong, You are like a broken record. You are getting tiresome. Its a cash shell not investing company. Have you not read my previous posts? Stuck in your own little world on this one with your fingers in your ears going lalala? lol. I have had correspondence with Brett as follows: "Yes we need to either conclude another deal or readmit as an investment shell. The RTO may be as simple as extending the position in Vatomaina or it may be a new acquisition. There is no requirement that we need to raise any additional cash. The only requirement to make Vatomaina a qualifying asset for RTO purposes is a more detailed disclosure." The £6m in cash is if they fail to RTO and then are readmitted as an investment company. Blimey o'reily.

rather than guessing just email Brett. You are wrong in your assumption on your £6m rule. Or just read the cicular FFS lol... its pretty clear.

and that's projected profit not revenue.... I see so many times on these boards people mistaking the two. Revenue is meaningless its the margin with graphite production that excites me.

to me £2.8m looks like good value for all this hence I'm a buyer and will continue to add. 12k tpa mine for a high quality graphite product profit margins can be $600-1000+ per ton. That means the profit could be a 45% share of between $7.2m-$12m pa. Minimal overheads so most will go straight to the bottom line. I see value.

Very comprehensive summary and slightly exceeded my expectations with cutting the cash burn. As we know we currently have £300k cash in bank following the Bass incoming payment & after paying all outstanding liabilities then we have the staged $1.5m incoming payements leveraged from the bass shares which is a masterstroke as it puts something like a 100% premium on the value of these shares currently. We also have £7.6m staged incoming royalty payments still to come from Bass with the shares being able to be leveraged in a similar fashion due to the demand for them in Aus. Then in adition (which I believe the market is not factoring in at all currently) a 45% stake in a JV with Vatomania which is a 12000k tpa mine. Numbers on this to be received in the next few days. Some comments from Brett in my response from him yesterday: "Needless to say we are pretty excited with the deal we have done on the Bass shares for US$1.5m. We have effectively swapped a 7% interest in an 8,000 tpa plant for a 45/145 share in a 12,000 tpa plant which has been designed and and is under development by a team that has already done this twice in the past. In addition, the JV company is also reading graphite from other Madagascar producers and runs at a profit. We will be looking to do similar deals with the rest of the Bass shares as we receive them. "

only way to get things done is to keep on at them to sort it out every day phone them to chase them if not move your business elsewhere.

if you dont have the initiative to call up your own broker and ask him then theres not really much that can be said.

Will post up my notes here when I get a chance to compile them, most likely at the weekend. Hopefully will provide clarity here on why I see some serious upside from current levels. ATB

All my concerns that I had here have now been put to bed hence im a buyer.

So I notice two or three of posters here who are trying to scare current holders. In fact I have to sift through about 10 mindless posts on here for every one decent one. Little tip to genuine holders here - don't engage as it just gives them a pedistlal to continue mindless posting. After my recent correspondence with STGR I can see they are very on the ball regarding meeting AIM regulations and this will not be an issue. Very excited here actually will be adding more.

Response from Brett when asked about RTO and meeting the AIM regulations (now 6 weeks old): "We have been conducting due diligence on a range of opportunities over the last year. As announced these have included energy storage, advanced graphite processing and more recently other commodities such as gold." "All we need to do is either extend the JV with Tirupati into a fully compliant RTO with additional public disclosure documentation to meet the AIM minimum requirements or we can bring in a new project/portfolio." My responses from Brett regarding Cash burn: "We have been addressing the cash burn we inherited over the last year and have dramatically reduced this. There are a few final changes to be made in our London cost structure and then we will have a lean operation for maintaining the AIM listing." "The historic burn was largely due to unprofitable operations at Graphmada. By bringing those operations to breakeven we were able to maximise the divestment value when selling to Bass and now Bass are responsible for those expenses and the CAPEX, the only costs we have are London overheads."

All STGR have to do is meet the criteria for Rule 15, The £6m investment value is only if they fail to complete an RTO in the next 5.5months as per the below: "Following the Disposal, the Company will be classified pursuant to Rule 15 of the AIM Rules as an AIM Rule 15 cash shell. The Company will be required to make an acquisition or acquisitions which constitute a reverse takeover transaction under the AIM Rules within six months of becoming an AIM Rule 15 cash shell (which will be deemed to be the date of Completion) OR be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million), failing which, the Ordinary Shares would then be suspended from trading on AIM."

sorry reporting period will be for the end of June so the £300k placing will be reflected however the bass deal wont. Mind half at work just glancing in.

Due this week here. Wont show much cash on the books as the private placing + Bass deal happened after Dec31st period but will be interested to see the footnotes. Also will mean directors will be out of closed period.... With regards to funding the RTO deal, its a question I asked via email a few months back. Will try dig out the response but seem to remember it was implying most could be achieved mostly through debt facility due to the cash generative nature of the possibilities they were looking in to.

Back in here with a few at 1.8p. Think management are doing a good job at getting this one back off the floor. News within the week.

http://www.proactiveinvestors.co.uk/companies/news/166599/

not actually holding here any more (yet) but I see this news as very positive. "The loan will be repaid in some or all of the Bass Shares, with no cash amounts payable" no exposure to downside and retain 20% of the upside

Huge news. Congrats holders