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btw... found the video of the bridge. I guess they did indeed connect it.
https://www.youtube.com/watch?v=0t2xjV60L6I
I wonder why they didn't put a picture of the connected bridge into that PDF. To me that bridge still looks like it's leading straight into the water :)
http://www.ircgroup.com.hk/attachment/2018101608020100003295019_en.pdf
A lot of assumptions made there Ista. Personally, I don't think there is any chance whatsoever, in Mr Hambro having invested large funds in the bonds. People seem to forget, he lost the majority of his shares when gambling on the gold price.
Personally I don't think he has the personal wealth to have done that as he wouldn't have given up his shares as they were at a much higher price than we are at now.
The rights issue, gave him and Pavel the chance to get " some skin in the game ". I am still not convinced it was all their own personal money, otherwise they wouldn't have had put and call options. All my opinion only.
Will that bridge also reduce the helicopters fuel costs. As for deriding my good friend Mr H -wash your mouth out and by the way: who resides in Derby
There's only one man who knows the answer to that Rusty and I believe you know who he is. I'll give you a clue, just in case: He's a new non-executive director on the IRC Board. He is now President of none other than Petropavlovsk plc. He is the ultimate controller of either CABS or Slevin, we aren't quite sure which one yet. He stuffed the non purchasing Rights Issue shareholders back in 2015. He quite probably bought a load of Petropavlovsk 2018 bonds and is thus a recipient to a quarterly coupon - this was all construed by the 'old' board of course, before the 'coup'. Answers on a postcard to PO Box 2138, Derby. The winner will be drawn on the 29th October and will win an all expenses paid trip to watch the POX Hubs being fired up, currently estimated to be February 2019. IRC's chopper will also take you to site and will make a special trip over the newly joined Amur Bridge, just to make sure we really will be saving $5 a tonne on iron ore transport costs! This is a trip of a lifetime! Good luck.
It says the amir bridge has now been joined between Russia and China. Progress being made. Wonder what is happening with refinancing negotiations ???