Member Info for Rollthediceagain

Expect what though? My guess is a bucketshop, multi-million placing at say 1-1.2p and an announcement that JV is progressing. If that happened I'd be more confident that STGR had started on the road to recovery. I'm always the eternal pessimist so assume the worst!!

...1st sentence of second paragraph on my last post should have finished 'how much more is needed?"

How much will STGR have to invest in this joint venture, how will it be raised and will this JV alone be adequate to meet AIM requirements for an investment company? Have STGR changed NOMAD/Broker so that Allenby can get a placing of the ground? If STGR is basically starting from scratch with old asset/Bass shares providing (part) of the seed fund. Until the situation is clearer is there really a burning case to take a punt and invest (new) or even hold (existing)?

From todays RNS # "we are looking at a range of new projects to bring into the Company that can fully utilise the Tranche 2 and Tranche 3 payments from Bass". To me that reads as though we'll be selling most if not all of STGR's shares in Bass so our interest in previous production assets will go in favour of... who knows?! Directorship changes just replace someone with local/industry knowledge with a money man.

... the 6mth clock is ticking. Details of new investment(s) & details of how it(they) will be funded needed asap. I hope they don't sell the Bass shares to fund as it's tranche 1 shares which will deliver greatest returns if Bass deliver what STGR could not. So placing a possibility but at what price? I reduced holding on Wed @ 2.55p (at a loss) as spike was never likely to hold given current uncertainties. Happy to consider repurchase when picture becomes a bit clearer.

Both relieved and disappointed at the same time. Relieved in that financially TMZ was being pulled down by Sensium, disappointed that this potential gold mine was not monetised. TMZ should now be a cash generative if not particularly exciting company.

Percentage of BSM (Tranche 1) will actually be 7.02% based on capital structure figures in BSM presentation (p25?) so I think my rounding to 7% is fractionally (0.02%) on the light side. I'm a banker.... no jokes please, I've heard them all :) Not a professional investor just a careful one.

But rollthedice you didn't mention your ownership figure was post-money. ---- Why would I need to? If there's no new BSM funding deal falls at first hurdle as BSM wouldn't have resources to invest and deliver higher production targets ~ it would have been pointless to use pre-funding shares in issue figure.

Jimbo STGR will be classed as a cash shell, obviously it will hold BSM holdings too in addition to it's £300k. STGR will hold a relatively insignificant percentage of BSM (c7%) after Tranche 1, rising on 2 & 3.

At least Bass Metal presentation provides more details on current production that STGR have kept under wraps. http://www.asx.com.au/asxpdf/20160707/pdf/438dyfj593khpg.pdf 2015 production 1400t (p14), 2016 Jan c40t, Feb c100t, Mar c145t, Apr c210t (p15). Tranche 2 payment would need to see Bass double Apr levels. I would have liked to see some outline details of proposed new investments and how they will be funded as only £300k in the bank post sale. Major capital raising via equity a near certainty within 6months cash shell window. If a graphite joint venture surely same issue of UK-listing disinterest in graphite projects would still hold true? At least value of tranche 1 shares has risen with BSM's share price.

jimbo I'm simply quoting from STGR's own RNS and expressed my opinion that STGR just needs to get on with BASS transaction which should at least underpin sp to a degree. Your overreaction to my post just illuminates your own insecurites / concerns on the share not mine which I've been honest enough to lay out.

Following doesn't exactly inspire confidence and explains why BASS deal is so poor. That said they just need to get deal done now: KEY RISKS AND UNCERTAINTIES Currently the principal risks are two-fold. Firstly, the market price risk affecting the value of the graphite produced which may not provide sufficient profit to enable the business to continue to operate. Secondly, the timing and any delay in getting the graphite plant into full production. The Company has made a significant investment during the operational phase in bringing the plant into production and only once it has achieved a level of production that results in positive cash flow will it be confident of its long term viability. & AUDITORS REPORT: Emphasis of Matter - Going Concern In forming our opinion on the financial statements, which is not modified, we draw your attention to the disclosures made in note 4 to the financial statements concerning the Company's ability to continue as a going concern. These conditions, along with other matters explained in note 4 to the financial statements, indicate the existence of uncertainty which may cast doubt about the ability of the Group and Company to continue as a going concern. However, the directors have plans to manage the cash flows of the Company to enable it to continue as a going concern. The financial statements do not include the adjustments that would result if the Group and Company was unable to continue as a going concern.

... a dismal failure. Not surprising given offer price higher than secondary market. A mere £176k raised before costs.

Shocker only 38000, Gold jumping as Fed interest rate rise not going to happen against this backdrop.

Results are pretty poor but then we knew they would be. Karailias Marble have signed up for a minimum of €440,000 worth of marble during 2016 which have only just started so figures to 1st June would largely exclude so straightaway you've almost trebled sales and cut valuation to 35x earnings (@ sp 10p) even without other orders. BoD have already acknowledged they're a year behind where they wanted to be. Still very disappointing but 2016 will be better IMHO.

Fed doesn't want a rise in reality as US has record national debt much of which is on short term maturity. Even Trump recognises that US debt will not be repaid and will need to be restructured and/or debt relief given by creditors. Obama will be desperate to keep the ponzi scheme of equity/dollar value bubbles going so Clinton has a fair crack at winning the presidency.

Fed didn't actually say they would raise rates they said they would review rates if inflation higher (tick) & jobs & Q2 growth data both strong (neither looks likely both revised downward Q1). Market has overreacted & will correct as more QE appears pretty inevitable.

Who in their right mind would take up this open offer @ 6.5p when you can buy sub 6.25p and sp appears to be weakening? I can't see SHG raising anything like £2.5m unless SHG shareholders are collectively soft in the head!

Isn't the main issue is that to be really useful for remote monitoring patch really needs to measure blood pressure? If it did I'd imagine hospitals or a competitor snapping it up.

Positive that payment made early and cash balances bolstered. Now if OBT can now just give some actual revenue figures and how they're increasing....