George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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https://www.nytimes.com/1998/10/04/magazine/the-crude-face-of-global-capitalism.html
The ref to Antos is a long way into the article.
(extract)
But this is nothing compared with what those outside the oil industry feel. Those who sell financial services or consumer products operate without direct Presidential protection, and suffer for it. In my search for a Westerner who could explain the way business is really done, I kept stumbling across the name Glogowski. But Glogowski -- Antos Glogowski, a British financier -- had made himself scarce from Baku. The climate wasn't right for him just then. Only later did I track him down -- in Palm Beach.
Glogowski is the president of AJG Investments, a firm that, like Minaret, buys privatization vouchers. He was doing a good job of it, too, until the day in May when agents of the Azerbaijan Interior Ministry raided his offices, seizing $30 million worth of vouchers and threatening his employees with arrest.
''I'm not sure why this happened,'' he told me. ''We are operating legally in Azerbaijan, so this came as a surprise.''
I had heard in Baku that for a price of $500,000, Interior Ministry agents were willing to return Glogowski's vouchers, but he wouldn't comment on that. ''AJG has taken the decision to resolve this by legal means only,'' he said carefully.
After months of pleading with Aliyev's privatization czars, Glogowski got back his vouchers, but says he's still got problems in Baku. ''What you're seeing played out in Azerbaijan is the new school versus the old school,'' he says. ''The new school wants to make it a friendly environment for foreign investment. The old school has other priorities. We're caught in the crossfire.''
For problems like Glogowski's, Noukhaev suggests to me before we finally leave the bar, the methods of the Chechen mafia are no solution.
''What is happening to them is a kind of crime that I cannot stop using our methods,'' he says. ''When corruption comes from the state, I can't protect foreign businesses from that. Not when the state is the mafia.''
This does not necessarily mean that Heydar Aliyev is the Caucasus version of John Gotti. He is much smarter, for one thing. Those interested in seeing Aliyev remain in power -- the American Government included -- do not see Aliyev as a thief. His ally in Tbilisi, Eduard Shevardnadze, calls Aliyev ''one of the pioneers in the fight against corruption in the Soviet Union,'' which is the opposite of the truth, but Shevardnadze's life depends in part on Aliyev also staying alive and in power.
Yes I re-affirm that they confirmed to their knowledge the accounts should be published by the end of the month. They even found it amusing and funny that someone has started a rumor that suspension will happen due to non-submission of accounts and I quote "Bould (PSL) has historically submitted the accounts on the last day".
Now I said last week if anyone is in doubt, all they have to do is get a confirmation over the phone from the broker themselves. If people choose to sell for other reasons it is their choice and I respect that, but selling based on a rumor like this, when you can draw your own conclusions on its credibility after a quick phone call really puzzle me.
Very very very strange thing to say. I worked for Companies House for many years, I don’t now, and am very amused by your comments. By your comments most companies are in trouble. Many keep their accounts until last minute to keep competitors guessing and in the dark. Thanks for the chuckle though lol ;)
Warrants is an enormous flag! Only so many times you can keep on saying it though!
https://www.nytimes.com/1998/10/04/magazine/the-crude-face-of-global-capitalism.html
Companies file financial reports on the last possible day all of the time - is that really the reason PIs are getting twitchy bums here?!?
The purchase of the warrants is a huge bull flag IMHO. Hold..,
Then you have very limited or very strange experience. Most companies file at the last minute.
The techs on the hourly show that we are in a flag / triangle formation. At the end of today, the SP has a strong chance to move markedly up or down - up is my belief, but we will see!
I found a very interesting article last night when doing some research on Antos - he is mentioned in a 1998 NY Times article - a man who sticks to his guns. I will try and post a link in case anyone is interested.
I still hold 100% here so need to de-risk, but was hoping to do so at higher levels than this to maintain 70%. Keeping a watchful eye on developments.
GLA
why do people think the comp will not submit the accounts on time..!
Based o the comp. house they have always submitted in June/early July, and they also confirmed that to Wahrani over the phone.
https://beta.companieshouse.gov.uk/company/06133765/filing-history?page=1
I think this was a silly rumour from someone who has sold and moved to the other share ...
There is a concern of suspension if Financials are not published which is highly unlikely. I'm sure there will be an RNS Friday. It's obvious investors who sold have not done their research on Antos. Just like ADM Energy. Both companies with Billionaire major shareholders.
Yes financials are due and the weak hands that sold will come back no doubt realising that things are moving forward because fridays news somehow didnt make that point for them...
When are we expecting an update? Aren’t the financials due for return this week?
...We have languished far too long at these ridiculous lows. With what we know so far the sp should be at least around 0.06p, a level we reached back in May? First target of 0.1p (a tenth of a penny) should really be achieved soon?
STRONG HOLD
Yes i am in for the long haul and intend to hold at least 60% - 70% of my holdings for as long as it takes to reach at least 1p. With progress after RTO into production towards revenue flow there is no way to predict the m/cap at this time. I have already derisked and in for free run. Next topslice will be at around 0.2p to half a penny?
STRONG HOLD
Is that a subtle trick question?
To be fair to Applegarth, I think he has a much much much longer view than other holders on here. Which is the basis for his SP predictions.
Hello Applegarth in regards to your sp estimate of 1p - 2p, what do you estimate the mcap to be at these sp levels?
would that my average was that low - I'm still in the red, even after the OO. However, the ducks do seem to be lining up as I read it, and even with that average, there is a strong prospect of a significant return on investment. Anyone investing at current levels is (in my opinion) in line for a multibag - but as always, DYOR.
The real winners here will be those that can hold more than 70% of their initial holdings at the real lows of sub 0.015p after derisking for a free carry. Once you have achieved that status it is important to hold for as long as you dare without panicking out. No one investing in potential RTO stocks should do so with the view of big returns of 50 bag or more whereby your starting point is gauged in the 1/100ths of a penny in the short term. This is a contrarians view, that whilst you can make huge profits, you can also lose it if the RTO fails. IT's that simple.
ie BUY - HOLD aim for at least 1p - 2p over the coming months. IF you sell out and can't get back in cheaper then inevitably you'll end up with just thousands of shares instead of your original holdings of millions of shares, effectively reducing your potential to multi bag by possibly 50x 100x or even 200x
Agreed, having the same person on the BoD of two companies that are parties to an M&A transaction is a likely conflict of interest in the eyes of regulators.
Why would Antos expose himself to that hassle!?
And he has more chances to be able to buy more shares without attracting to much FCA attention if he is not a BoD member as well.
Antos joining the board would pretty much just be a confidence play for private shareholders. Him being on the BOD might hinder what actions he can take in terms of share acquisition. Would be nice but I don’t see it happening until a the next major meeting which will more than likely be the approval for the RTO.
Antos could still be named as Director or Chairman and either one of the others could be included on the board...or all of them. ie, Dr Dougan, Aaron King or 'dark horse' - George Richmond
http://www.coeurgold.com/
https://www.businesstimes.com.sg/companies-markets/dragon-group-acquires-coeur-gold-armenia-in-rto
Scotia
http://www.scotiaexploration.com/people.html
Ops
http://www.scotiaexploration.com/operations.html
Phoenix
Could there be a possible RTO involving Phoenix....check Phoenix out
https://www.pcre.uk/
*Antos and Aaron king involved, along with Dr Paul Dougan
https://uk.linkedin.com/in/phoenix-energy-58339064
https://suite.endole.co.uk/insight/people/20796588-mr-antos-glogowski
https://suite.endole.co.uk/insight/company/07281269-phoenix-capital-r-energy-ltd
urban........Antos has been unable to buy from the open market, he couldn’t do both at the same time due to insider information.
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I wouldn't be surprised if he made an attempt now to secure a position on the board?
Interesting hold this one.
The purchasing of the 3% warrants is most likely the reason why Antos has been unable to buy from the open market, he couldn’t do both at the same time due to insider information.
I wouldn’t be surprised if we start seeing more delayed trades and changes in holdings through the upcoming weeks and months, to him there is no rush to RTO this company apart from the 6th month deadline. If we don’t see any more purchases of shares from Antos, I’d consider it pretty likely that information that could move the share price is going to stop him from doing so.
Again my opinion