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Look everyone knows where we're at here - it's not as if info released by the BOD 2014 into H1 2015 is bearing much resemblance with what we're now being told is the reality at the mine. I've had sight of technical analysis of some of the problems, which pretty much seem to be entirely process and mechanical. They basically appear to have built a concentrator for the loose lying and clay-embedded graphite - a washer, basically - which is only a fraction of the deposit in the license area. They need a crusher for the soft-rock embeds. What the team have done - or are saying they have done - is designed a new concentrator plant based on the lessons from Loharano I. They now need the funds to build it, plus add the additional rock crushers to the original plant. The new BOD couldn't raise the funds locally, they thought they could raise from ASX by selling a portion of the asset but it turned out they had to sell the whole asset. Stratmin will now end up owning a significant portion of BSM as well as, we are hoping, a new business set to be unveiled that will allow them to maintain their ordinary listing. Lots of risk still priced in until both these deals are finalised IMO. There is upside potential from here - to draw parallels to the death from 10p now there's a different BOD in place and a different approach to the business is a bit short sighted I'd say.

It really has been all over the place today - no idea as it doesn't fit many patterns I've seen and remember...

It's proper spread out again isn't it - on both L2 and RSP, which indicates news IMO - often seem MM spread out day or 2 beforme news. And yes I know I've been saying this for 3 weeks now - I was promised and promised by my contact it was coming, only this time we all know news is coming - July at least! Also BSM announcement early this morning regarding suspension pending announcement or 12 July gives some indication. And finally the AGM notice - there's a chance the board would want to hold the EGM and AGM close together if possible, IMO again.

Wouldn't say crashing - SCAP dropped off the bid one notch and it took the price down. MM work on a business model of buy low, sell high (maybe sometimes for them they sell shares that they don't have, high, before looking to buy them low, but I digress).

Bass Metals have suspended themselves till latest 12 July pending an announcement about a 'proposed capital raising and the Graph Mada agreement' Sets a timetable of this week basically for STGR to get all its announcements out of the way and then BSM to add the cherry of how they are going to fund the refurbishment of the mine in order to meet output criteria - funding is crucial to the value Stratmin will see as it shows how we will meet tranche criteria IMO. So let's see what this week brings. GL all that are left here.

Funny I expected more Bass deal news this morning purely from the text of their ASX announcement that they would release a statement relating to corporate activity by commencement of trade on 4th July, which is well before LSE opens. Might just be some delaying bluster from BSM about their trading frenzy and 100% price rise but I reckon there has to be news soon - Chairman's Statement in results yesterday said July, if they managed to get it out next week they could post a circular about the asset disposal and hold the EGM straight after the AGM. Just a thought...

Dare we hope it but what a time if the BSM deal can complete early July. With the pound still around 10% weaker due to Brexit the tranche 1 cash sum of AU$1.5m is nearly £850k on today's exchange rate. Plus with BSM rallying at 3c assuming our shares are still priced at 1c as per the original proposal the AUD750 of Bass shares is today worth around £1.25m - granted that will be relatively illiquid at that price but still it's a boost. Point taken about the tortuous path this year. Won't pretend it has been comfortable but as in investor you have choices and if one takes the choice to maintain faith then it's just a case of watching, waiting and continually re-assessing.

Yeah I've held a few piles in my time too, this I knew was a risky recover-or-die case at 5p, didn't pile in much till low 3s and took some profit at 5 that I re-invested at low 3s. But nowadays I usually take the time to get a chat with the CEO if possible and make a judgement on that. I'm holding on that judgement even though I didn't learn anything tangle from Brett. I just like his outlook. And I'll only post a defence of this company when the de-rampers turn up like this morning

*not* one deal we're waiting to hear about. I heard only faint whispers about second continuation business, something in the graphite space related to processing for energy storage applications I think is pretty much what is in the last few RNSs reading between lines etc. Read the BSM announcement from last night too - interesting. I suspect Bass have lined up the funding partners too. This is ready to fly IMO

Knowing where we are on any share is hard and knowing who to trust impossible. I have every confidence in the BOD who took over last summer but even I had a niggle of doubt yesterday. But the results were published as promised and usually reliable contacts of mine still think the deal is imminent. As early as tomorrow but they been saying that for a fortnight now! Officially July according to chairman's statement. Bass bagging yesterday means they need to issue a statement to clear their speeding ticket. Make your own judgement but honestly think it has to be close. And it's now one deal - it should be learning the Bass deal is ready for SH approval but also finding out about future plans for STGR post disposal. Exciting times - still risky but I still have confidence in Brett and team to salvage what they can with the hand they were dealt.

Agree - but today we see the omens are good for the deal though. Accountants have accounted as though the deal is on. Bass bagged last night to 0.3c on a presentation that hinted the deal was still on. My contacts are all convinced the deal is still on. Also the first tranche shares we are getting at 0.1c valuation are worth triple if Bass can hold its sp up there. So all is actually looking good if not quite at conclusion. Of course some here will be holding to see what the new business deal is - I'm told it might be coming with its own capital partner so that could be good also. We'll have to wait and see for that bit as the notice posted today is the obligatory annual AGM not the EGM and circular for disposal.

You've never had a good word to say about this so of course when it's on its knees and the share price reflects this you would come here to gloat, but the turnaround is already in place - only way is up from here. Also it is filthy characters coming here posting negativity even when things were looking up that made it impossible to raise capital in London. Your ilk didn't support your supposed investment in any way, at any time. You never had confidence makes me wonder why you invested. Or are you just a city shill paid to post crap here to get revenge for the warrants that never were and all the other crap you hold against Stratmin? Too close to the mark - thought so

Results: Despite a significant deterioration in flake graphite prices however, the company was able to achieve operational breakeven by the year end through a partnership with Tirupati Carbons and Chemicals Limited ("Tirupati") that enabled a move to 24x7 production with diversified sales into the higher priced European and Asian markets. The transaction has progressed through formal due diligence and is expected to close on schedule in July subject to final shareholder approval. At the completion of this transaction, StratMin will have a holding in Bass that will have a lower cost of capital and a better funding platform to undertake the necessary refurbishment and expansion of operations in Madagascar. It will also strengthen the StratMin Balance sheet and position the Company to pursue the other projects such as Vatomaina and broader diversification into the renewable energy and energy storage industry, which is a growing consumer of graphite.

BSM post presentation entitled 'Bass set to become Australia's only graphite producer' and immediately bags to 3c They must be confident deal is v close. As I said I heard the details were sorted it's just regulatory box ticking and then the EGM here to finalise. Also we'll get to know STGR future plans when that circular is posted because market rules say so. GLA

Looks like the shareholder group paid for an RNS feed and put out the results of EGM: http://www.investegate.co.uk/tea-shareholder-grp/rns/results-of-teathers-financial-egm/201606291013136376C/

I also heard the hold up was ASX regulator who was trying to work out whether the size of the proposed deal and in particular the equity stake to be taken by Stratmin in Bass was so large that it may need to go to full vote of BSM shareholders. But also BSM shareholders are thought to be wholeheartedly behind this deal (why would they, they're getting our asset for £8m plus tips). But also the audit was never going to be held up by this deal completing because this deal has to go to STGR holders at an EGM, so they need to post the circular. So the auditors presumably will be working on a qualified statement for this.

All I know is that CEO was not laying low, he just said he couldn't answer my question on Friday because it was price sensitive but that I should know that if anything had changed regarding the BSM deal they would have put an RNS out so I can take from that that nothing had changed.

But what's the penalty for breaking AIM rules... when you're no-longer listed on the exchange???!! So back-date all the ills to make them look a bit more legit, but don't worry about rules being broken because they're not even listed. I know Ben and co are taking legal advice, but I wonder whether AIM rules could be seen as forming a contract between the company and the shareholder, and failing to follow the rules, if proven, would be a breach of contract potentially making the directors liable for all losses suffered as a result? And we all know the loss from failure to maintain a listing. I'm just thinking off the top of my head here, really, but civil contract law might be an alternative to pursuing other complaints as it gives those who have lost out a claim.

They need to get something out today or tomorrow - that's the assumption I'm working to...

What about the £1m in cash and near cash, and all the positive statements to that blog recently about being surprised when the accounts come out, and the cut backs to preserve the cash, etc? What about the new shares not properly registered and not informed to the market by RNS 8 months ago? What about the fact that millions of options were taken in the immediate run-up to the suspension? I just can't believe that a company that looked a safe bet because the marcap was underpinned by a cash and cash-equivalents pile turns out to have very little and couldn't maintain its listing.