Member Info for jimbobtechstock

Point here is most posters are not trying to paper over the very clear risks. But find a stock with apparently zero risk and they still drop a black swan RNS on you and you're still screwed... Risks are part of the game. The upside to balance those risks is clear, and I feel it is the de-rampers who are papering over the upside rather than us trying to pretend this is risk free. Tranche 2 production requirement is 1,250 tonnes over 3 consecutive months. The current refurbished "pilot" concentrator plant at at Lohorano is capable of 600tpm - Tranche 2 criteria equates to 416 tpm. So it's not as if we have to achieve the impossible with a single plant there. All we have to do is run consistently at 70% of capacity. So yes there is a risk we won't reach tranche 2. But it isn't a risk I'd want to bet against - not here, not anywhere. It *should* be a given. ESPECIALLY because there is no quality criteria attached to it, especially given Shishir is consulting on this and has been striving for extremely high quality output if you read the BSM disclosures in the prospectus and supplements. There will be a point where the tuning is optimal and they'll then just run the plant. In the very small unlikely scenario we can't get Tranche 2 using the original plant, there's a second 12,000 tpa plant being built. It is inconceivable we won't get our Tranche 2 shares IMO. It's just a question of when - 2016 or 2017.

Not forgetting this little gem from the loan: "If the Bass Shares are worth less than the Basic Redemption Value on the expiry of the Loan, no further amounts are payable;" Essentially for 20% on the share value they have leveraged risk free AND retained access to half of the upside. The share price probably didn't move because the same shorting crew who had their claws in here since Old Stratmin failed to deliver have not loosened their grip - think it's some kind of vengeance short but Brett went round the back door to get the Bass deal and went round the back again to leverage the BSM shares. The posters/shorters on here are salivating for a discount placing that aint coming in their time frame. They will have to let go of this soon IMO or risk being swept away with the newsflow, tranche 2, JV progress etc.

TRANCHE 2

WSG, who would have thought it ;)

"The JV does not qualify according to the statement posted by proactive.. today" Yes, it doesn't qualify - because they haven't even tried to make it qualify with the paperwork. They are working on something else - that's the rumour. The fallback plan is to make it quality, by any means necessary. Shishir runs Tirupati with his brother and they are absolutely dedicated to maintaining the listing as much as Brett. That is the position. So keep your short open if you want. It might pan out. But it might backfire. Best of look to you.

"I can also assure you that I am far more invested than you are" You can't know that, because I haven't stated my current position. Therefore I call waft on your waffle

There must be a memo out in the boileroom on the buttons to press... £8m is only applicable to investing companies and Brett has said on numerous occasions there is a plan and a fallback plan to maintain listing as an ordinary company. The JV could qualify, but STGR will have to fill out the paperwork to make it RTO-compliant. I'm told that's the fallback option rumour is Brett is looking at a different project to RTO in, giving STGR a primary asset plus a wider portfolio including Bass Metals holding and the Vatomaina JV. Not brushing over the risks - but they are priced in at this level IMO and so there's appropriate risk/reward balance for those who want it. Those who don't want the risk would be better off selling up and looking for another stock rather than fretting on this board. Unless they are just part of the crew talking it down.

The point I keep repeating here is that the team are NOT starting from scratch with the new JV mine. They have in-country experience with a similar deposit in close proximity. Even though the current BOD only joined early in 2015 as consultants they have seen first hand the lessons of bad implementation from previous BODs. Tirupati has decades of knowledge in the engineering and wholesale side. BOD has a year experience expanding sales pipeline for Lohorano. They have financial backstop of BSM deal which will continue to feed through to the balance sheet in addition to the leveraging at later tranches. Brett told me stage one would be to rebuild the balance sheet. Stage 2 will be to secure the long term future of a listed growth miner and I have no reason to doubt him here. GLA

Yep I remember my schoolboy German always did make the ladies laugh whilst I was out there... Du hast schoene Augen... Komme, komme mit mir, hoch die treppen..

My post in german saying I couldn't find your tax return has been deleted, probably the use of the Berlin slang of pal might be confused for an insult sine Google Translate wouldn't oblige But my other mild insult stays, probably again because Google Translate takes things literally, like an animal's tail... lol

I saw you mention this on the WRES board, been watching it a while but you seem to think it's about to blow, some rumour you mentioned?

Schwanz

If I had to guess I'd say the likely dilution risk will be significant equity issued to Tirupati for a controlling stake in the JV to secure our listing but I have no inside knowledge so is just a punt

Well to be honest my interest here is mainly for the speculative PLMO shares I picked up so if/when it does happen if any gains are not reflected in the PRS sp I will still be able to cash in. I do hold a million of these too as a way of balancing my portfolio. I think part of the reason for the undervaluation of PRS is the bad name AIM investing companies have generally - several de-listed and a few turned out not to have the assets they let on. I know PRS is different, the audit seems detailed and the BOD generally decent at investing. Another way to get a quick win on the SP might be to start paying dividends as a fraction of the net increase in assets minus operating costs etc. Controversial..! Still, as I said I'm happy to hold a few of these as I see much lower downside potential than most of the rest of my PF and enough upside potential to warrant the holding.

They'll probably stay short on this until the JV is signed and the listing risk on all the Strand Hanson RNSs is officially removed by a statement from the new NOMAD - but by that time they won't be able to rinse out at these levels so I expect a gap back up into the 2s minimum, then 3s first target and my second target of 5p as the JV mine progresses. I'm fairly sure the BOD are working to get some broker support back on this, Brett is doing the rounds in the City right now (yes some will read into that what they want but there's this leveraged finance, a possible broker initiation and the JV deal to complete with NOMAD approval for the listing etc).

Interesting to note this bit from yesterday's RNS: "This transaction also enables us to convert our unlisted Andiamo investment into a listed investment" Interesting to read this as a driver and might also be the game plan with Polemos (PLMO) too - anyone guess what would be a good fit from existing PRS investments to RTO into Polemos and convert more unlisted investments into listed investments?

Welcome back - that's exactly what is happening here, new BOD are getting the company back on its feet after failing to raise the required capital to fix Lohorano they've now leveraged the BSM shares to buy in to a significant new JV. Entering a news-rich period for this share: - JV deal completing - Confirmation of listing status following the previous asset sale - Tranche 2 criteria being met - New mine project plan, then definition study and groundworks starting GLA

goes a little something like this... They sow seeds of doubt at around the time when their paymasters have worked out they might have to close shorts. Closing shorts can push the price up and the last thing the shorters need when closing is PI buying to make the closure more expensive than it needs to be. If there's any doubt this has been shorted into the floor just read some of the posts closely, like suggestions of bargain placings, the bread and butter of AIM shorters. if there's any doubt about the timing then remember the posts around the big shake down from 1.5/2.0 to 1.25/1.5 and the suggestion that Bass weren't going to close the deal. I bought extra at 1.5p then sold those additional shares at 2.25p to bring my average down. Since then I bought back every single share in 3 tranches: 1.99p, 1.69p and 1.5p. I'm trying where I can to work this game to my advantage but remain a LTH. Shoot me if that offends you. But my key point here is that the de-rampers came here PRECISELY the time when they didn't want buyers. during a shake down. Go figure...

I've got a significant holding here and I'm defending my position. That must be quite easy for anyone reading this thread to understand. We have GBP8m due in tranches from sale of Lohorano plus a new JV with a renowned leader in graphite who has the skills and expertise to get a new mine up from scratch with none of the missteps of Lohorano. On top of that the new BOD have the 18 months of experience working in Madagascar with a very similar deposit. So there is evidence we will be back on our feet and only your consistent pessimism saying we wont get back on our feet. I'm making an evidence-based investment decision and you?? Not disclosing your motives to post here are at least disingenuousand at worst deliberately misleading genuine investors to line your own pockets

So assuming youre genuinely not shorting or paid to de-ramp this what *is* your angle? Got a target re-entry price or are you just bitter because you clearly lost at least around 30% on the slide and you want to take us and the company down with you to make yourself feel a bit better???