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Stratmin boss Boynton says Bass sale is ‘win-win’ deal 13:23 04...

  1. Jonno07
    856 Posts.
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    05/09/15
    00:49
    Post #: 15940180
    Stratmin boss Boynton says Bass sale is ‘win-win’ deal
    13:23 04 Sep 2015

    Brett Boynton, CEO of Stratmin Global Resources(LON:STGR), says the sale of a 25% stake in its Madagascar mine to ASX-listed Bass Metals is a good deal for both companies and shareholders alike.

    “For Bass, it’s an opportunity to take a meaningful position via a farm in agreement and come into our asset development programme.

    “For us, the agreement is a source of cost effective capital now and financial partnership going forward - it’s also favourable for our London-based shareholders.”

    The £2mln sale values the Loharano operation at £8mln – well in excess of the StratMin’s current market capitalisation of £5.4mln.

    http://www.*.co.uk/companies/stockt...nton-says-bass-sale-is-win-win-deal-4107.html

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    BSM Price at posting: 1.0¢ Sentiment: None Disclosure: Not Held
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