The above document is a link to the whole of Stratmin's year 2015. The year they allegedly sold 1500 tonnes worth of product.
Can anyone tell me where the revenue is in this document? Just humour me and take a screenshot of it and point it out for me.
Because i'm buggered if i can find it...
The notes of deferring revenue to losses that Lohorano Lad spoke of do not exist in this document. And the only thing in that deferred category is £225,000 pounds ($350,000 USD) which if indeed was the revenue it was probably the reason they 'hid' (as you said earlier, Cazz) this paltry figure in the deferred category. Yeah. In shame!
The last time they (Stratmin) put their revenue onto the 'revenue category' on their financials was half year june 2015. And everyone can see they burned more cash producing it than it sold for.
So it appears the prime reason it was put into the deferred category on Final Year ending December 30 2015 as a 'loss' was because it was exactly that. A total loss. It cost Stratmin more to produce the graphite than they could sell it for.
I'm not trying to be personally antagonistic with you but this is important not only for me but also people on the sidelines. You should all be looking for reasons to hate the companies you invest in. This isn't the kiddies swimming pool, the financial world is full of sharks. A fool and his money are easily parted, as they say.
If you have the blind 'faith' in some people completely unkown to you (management) who don't give a damn about you or your family then go knock yourselves out...
Bass is saying now the exact same things as Stratmin said back in 2012. Have a look at the very first update. "Stratmin are pleased to commission our new 12,000ktpa graphite processing plant"
12,000ktpa
LOLOLOLOL!
In other news Stratmin just posted their latest announcement regarding Graphmada divestment.
