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Lolol Kablamoh. Joey Barton is my go to footballer for some philosophical insight
To quote a Mr Jamie Vardy. Like it's possible to do anything with a large share selection now. Some of the idiot voices here are akin to may contain peanut/sesame.
I agree. Reckon is something else. Let’s get this news come on. Exhausted...
I reckon that's the case applegarth... I don't think it's one of the companies connected to Antos coming in so I reckon it's something a fair bit more complicated... let's hope it's boxed off soon before we all lose our minds.
All this controversy over legal issues is confirming what i believe us our real target sector. Health?
Couer gold holdings
Scotia exploration
Geoenergy
Photonstar ltd
I am solar
Phoenix capotal(r-energy ltd)
Could be anything just wish the bod would say something! Hardly keeping share holders informed.
With Mr Glogowski's background and standing in the financial community I will be surprised if Coeur Gold turns out to be so, convoluted, shall we say.
Certainly following the recent Leckoil controversy I am sure all the legal and financial advisors involved with any deal, whoever it may be, will be on top of their game
Still hoping and expecting a good result here
Chris
If Coeur is designated as an Ethical target for RTO, then no wonder there is a perceived delay. If not Coeur then who knows?
Briefly explain what this all means for Boulders?
It also appears that the local residents at Vayk are not happy about the mine, its's safety issues, and alleged illegal mining activities. They blockaded a meeting at the VAYK Municipality and prevented representatives of Vayk Gold LLP from entering the building.
Sources say that the transfer of 80% of the shares have been transferred to Goldfields Holding in London. Guess who the director is? YES George Howard Richmond!
Oh dear, not sure what we have started here, where do you find this stuff
If the information is genuine, I assume it is correct as I have no reason to doubt you, then I will have to call the Porsche garage and Yacht builder, this might not go to plan as well as we all hoped
Chris
Still confused
Who own’s the mining rights?
Several spelling versions of Coeur Gold!
How do the accounting transactions stack up?
Rather have the difficult conversations now than in late March when Bod are up against it
Idea’s anyone?
Azatek Gold Mine
The mine is located in Armenia’s Vayots Dzor Province. The Ministry of Energy Infrastructures and Natural Resources issued an operator’s permit, expiring in 2037, to Vayk Gold LLC in 2012.
Former Armenian Minister of Nature Protection (2001-2007) and Republican Party of Armenia MP Vardan Ayvazyan is the driving force behind the mine. Ayvazyan was reelected to the parliament in May 2012. He founded Vayk Gold LLC one month later and owned shares in the company for another six months. It was in November of 2012 that the company was issued an operator’s license for the mine. Ayvazyan subsequently transferred his shares to his son Souren. One year later, an offshore company called Qoeur Gold Armenia surfaced and it obtained 80% of Vayk Gold’s stock. Souren Ayvazyan then transferred his shares to Norayr Zohrabyan, registered as a resident of the town of Charentsavan. Vardan Ayvazyan is also registered in Charentsavan.
Changes to the company’s shareholder base took place in December 2018. The Ayvazyan family was no longer officially listed as shareholders. Today, Qoeur Gold Holding LLC, registered in the United Kingdom, owns 80% of Vayk Gold shares. The other 20% is still owned by Norayr Zohrabyan.
Qoeur Gold Holding is a relatively new company, registered in London on June 27, 2018. A British citizen is the founder/shareholder. On July 4, 2018 the company received a $55 million loan from the British companies Boreas Wind Group and Geoenergy. Representatives of the lending companies then assumed management of Kor Gold Holding’s shares. In November 2018, three company shareholders were registered.
Source: hetq.am
Hope this helps Chris
Neil
Ok so they only have a licence to mine
Still does not answer my question as to how the licences were acquired etc
Chris
chriszzr, look back at my previous posts re this. Couer Gold do not own the mines. They only have an 80% interest in the mining licences, which have varying time periods.
Has anyone had a look at their Co House filings and recently published (first set) of accounts?
I am trying to figure out how the gold mines initially became assets of the co when they appear to have been owned by Coeur Gold Armenia previously as per their attempts to RTO in Hong Kong
A statement of capital for £50,000 (being the share capital as per the accounts) would appear to have met by the non cash consideration of a $55m loan note between Boreas wind group and Geoenergy, the borrowers and Michael Mgal, the lender along with other valuable considerations
The gold mines have then been revalued at £219m
Struggling to get my head around these transactions, JT14 you appear to have a legal background can you explain how has been structured
I also wonder if Coeur is the intended target then the validity of ownership of the mines and their valuation might well be a sticking point in the discussions with BOD
Anyone have any thoughts?