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Nice one bonks, i'm keeping an eye on palladium too. Planning to hold my rhodium position for a while as I see big upside potential

Anyone going to the AGM LOL

Nice to see a bit of a recovery here. I have a feeling PGM prices will start to turn. I'm long Rhodium which can move very fast when it gets going ;-)

The company has a really strong management team in place now which should be capable of building it into a sizeable operation. I think it will end up being a very attractive takeover target.

Not a good sign if the founder leaves a company, it's usually seen as a red flag. If everything was rosy why the hell would he want to leave.

I think with hindsight the acquisition of ASC will be seen as a turning point. FLX has a very strong offering but its route to market was lacking. The deal with ASC has changed all that and this will become increasing clear as we see strong revenue growth.

Gold just took a heat after European close

I already asked this question to the company and was told they can work all year round in this location. No delays due to winter weather like some of the Austrian projects.

I think the company made a mistake not raising some funds prior to this announcement. It is a sitting duck now as it is obvious it needs cash so the price is likely to be taken lower and lower until funding is sorted. I've seen this play out countless times on AIM.

Jim - what handle did you post under on ADVFN? I followed the posts on there for quite some time. You probably remember Stockologist/Stockologist who was a very big bear on STGR. Such a shame it has come to this when it seemed like there was so much potential. I thing we have been done in by management, who prior to Shish didn't have the nessecary operational experience, plus the AIM market which has been a pretty terrible place to invest in the last few years. I hope this is near the bottom now, but I have to admit the odds seem stacked against us.

Looks like they will set the price for the directors' options after the next placing

Looks like the MMs are going to open us down at 1.25/1.50p. I don't know much about VSA Capital but judging by the MMs reaction it looks like they think it means more dilution on the way. I hope they're wrong.

The terms of the JV with Tirupati were set out in the RNS of 18 June 2015: "Stratmin has agreed to invest US$1.5m in the Vatomaina Project in return for a 45% equity interest in Tirupati Resources Mauritius Pvt Ltd, the holding company of the Vatomaina Project via its 98% interest in TMV (the other 2% being held by Shashir and Hermant Podder), having been assigned these rights from Consolidated Chrome Pte Ltd, a company controlled by Mr Ghanshyam Champaklal, a significant shareholder in Stratmin. The funds will be used to complete a feasibility study on the project and to commence site preparation. It is estimated that a further US$4m will be required to construct a 12,000 tonne per annum processing plant for TMV and a similar amount for an additional 12,000 tonne per annum mine and processing plant at Stratmin's Mahefadok Project." I'm not sure how this will be funded as Brett has said that he didn't want more upfront cash from the BSM deal as he wanted to retain upside from the assets being sold. From today's RNS it looks like Stratmin are planning to sell the BSM shares.

The 14 September RNS stated: "As previously advised, the Board has been actively pursuing a number of corporate opportunities and is confident that it will be able to complete a transaction within six months of completion of the Divestment which provides the Company with the necessary compliance to maintain the trading of its ordinary shares on AIM. Failing this, the Company's ordinary shares will be suspended from trading on AIM."

It seems like they are cutting it a bit fine to rely on tranche 2 & 3 BSM shares before bringing in new assets. Shareholders will start getting nervous about the shares being suspended in 6 months.

Jim - Have you discussed the 2.5% smelter royalty with Brett? The headline figure in the deal is A$5M but it seems like it could take over 10 years to recoup this amount so it will just get swallowed up by admin expenses. Am I missing something?

It's very annoying how we can't retain a rise here. No doubt we'll be down to 1.5/1.75p soon and it'll be top up time again LOL

Yes JIM I'm looking forward to news on Vatomaina. After selling some BSM shares I guess we'll have enough to fund the $1.5 million investment required to earn a 45% stake. I hope we manage to hold some of today's sp gains. It's being heavily ramped on twitter by the usual crew which normally ends with the share price back to square one or below once they have finished dumping.

Isn't it strange how people are willing to pay 2.75p today when they could have bought yesterday at 1.5p. Did people really doubt the balance of the cash would be paid by BSM? AIM is a crazy place! I noticed we received A$600k in the first tranche plus A$600k on its way and that's only A$1.20M and not the full A$1.5M. I assume we lost A$300k due to working capital adjustments? I guess if we get this VAT credit then that will make up for it

I'm surprised the sp is not at least 3p now the transaction has completed. It seems very undervalued considering the deal terms and the potential of the tie up with Tirupati. The VAT credit will be a nice bonus!