Ann: Trading Halt, page-11

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13/04/17

10:11

Post #: 24049857
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Originally posted by DoctorFouad ↑

Hmmm very active/surprising management (which i like), after the out of left field accelerated acquisition of graphmada mine from stratmin for pennies and then the Andapa promising preliminary exploration results, we now have this "major acquisition announcement" wow I wonder if it is related to the acquisition of more graphite properties (mines ?) in Madagascar.

Last year there has been rumours that the french "etablissements galois" graphite mine in madagascar was for sale (4000tpa production), which the company denied at that time. maybe they changed their mind ?

I highly doubt the chinese would sell their "power stand" mine in Andapa (3000tpa operations, their graphite could be bought from alibaba website). The chinese are notorious for buying assets, not for selling assets. So extremely unlikely IMO.

There is also the Vatomaina graphite project/deposit in Madagascar owned by Shishar Podar an indian graphite entrepreneur. this project was to be developed in conjunction with stratmin using Bass metals cash after the acquisition of graphmada. But now that stratmin divested from graphite and enetered into Gold deposits investment, Mr Podar has no capital to develop the project by himself. So maybe BASS offered to buy it ? it is near Mahefedok and it seems of very high quality.

There is also DNI metals latest explroation effforts near Andapa. But they already enetred into a joint venture with another company to finance exploration. I highly doubt Bass would be interested. They already have thei plate full wth Andapa property.

There is also Energizer huge graphite deposit (a mineral resource of Millions of tonnes of graphite) but it is located in southern Madagascar in an arid/desertic zone. I highly doubt Bass is interested, neither energyzer management who would love to be able to develop the project themselves and continue living from it (management salaries).

Anyway, so many possibilities if it iss graphite in madagascar. if it is something else in australia or elsewhere, then I have no idea what it could be ! However IMO, it is related to graphite. why would management in this crucial moment of refurbishment look to something completely different ? IMO this acquisition is related to graphite IN MADAGASCAR and may reinforce the psoition of BASS in the country as the most important producer/exporter of graphite. Time will tell though ! Exciting times ahead of us ! One thing for sure : I like how active/positively surprising our management/board of directors are ! I guess that is one of the benefits of being insiders with high % of ownershp in the company. Their interests are aligned to those of shareholders because they are themselves shareholders.

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My thoughts exactly. I hope it is Madagascar graphite related. Bad timing with the long weekend. We will just have to be patient.

Last edited by 1 Wallace: 13/04/17

BSM Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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