The license of JSC Credit Altyn Bank, owned by the Assaubayev family, was suspended for six months by Kazakhstan regulators after shareholders didn’t comply with a request to boost the lender’s equity capital.
The Assaubayev family opened the bank in 2009 after Polyus Gold International Ltd (PGIL), Russia’s largest gold miner, acquired London-traded KazakhGold Group Ltd. from them. Since 2010, Polyus has tried to sell KazakhGold’s assets back to the Assaubayevs to end a legal dispute with its Kazakh counterparts.
Another point i like to make is normally with news like today we would of had a leak last week and the price would of gone up for the ones in the know,so well done the bod for keeping it underwraps so everyone knows as and when the rns is realeased gla.
The feeling some shorters have got there fingers burned here,they never expected this as for the amount of shares in issue if this money can turn the company around and we increase production who knows where we can get to.There are plenty of majors with more share in issue than mxp and are trading in £,i know they are making nice profits every year but mxp is just gone from explorer to producer only in the last few years maybe mxp could become a major one day.And the bod seem to be doing the right thing unlike the previous people gla..
If you had read my original post correctly I said 'nobody wants to buy (the company)' which means that I'm well aware that they want to be bought out. Just look at the investment today, the 25%+ rise in the share price, the investment and the possibility that the deep drilling might yet go ahead. I'd say your forced and gloomy forecast had been completely contradicted by the morning of the next day's business. Please READ what people have written before piling in with your opinion maybe?
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