By Robert Tyerman | Monday 7 September 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Graphite play Stratmin Global Resources (STGR) has clinched a £2 million farm-in agreement with Aussie-listed explorer Bass Metals for its Loharano graphite mine in eastern Madagascar, which chief executive officer Brett Boynton argues ‘will be pivotal,’ despite an unenthusiastic response from AIM punters. Under the deal, Bass is taking a 25% stake in Graphmada Mauritius, the holding company owning Loharano, with an option to take its holding to 35% by mid-December.
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