Shares in StratMin Global Resources rocket on first graphite sale

12th Sep 2013 13:03

Investors in StratMin Global Resources cheered news that the AIM-listed company had agreed its first sale of 200 tonnes of graphite. Shares in the Madagascar-focused graphite production and exploration company soared 27.6% to 24.25p.The sale to Austria's Grafitbergbau Kaiserberg will consist of large flake graphite with a carbon content of over 70% and moisture content of under 5%.It has started fulfilling the order and will continue doing so throughout this month and into October. Manoli Yannaghas, Managing Director of StratMin, said: "As we develop our production we do so in the knowledge that we are selling our end product to a respected industry player."TB