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Correction - "they being" - should have been - "they" being
As I wrote, artrader, "I hope the company is ensuring that everything is in order."
I did expect it to be so, so thank you for confirming it.
As for Norilsk Nickel admitting that the company is likely culpable for the collapse, as you claim they say, and that the accident was presumably due to a gross violation of safety and industrial safety standards by the heads of the enterprise - this is likely to prove me right in what I said about companies having statements on their web sites about how they do everything right - but something happens and we find out that they weren't doing everything right.
Did you check to see what statements they had previously made about conforming to standards?
As for "TSG is a trustworthy UK company - many here think wrongly that it is Russian" - it may be incorporated and listed in the UK, but the operations are Russian, however the nationality makes no difference to my point about fine words and all the correct statements, but the reality being different. Again, I am talking about life in general and not about TSG. As I have said before, I see TSG as a well run, highly respectable company with an excellent track record on safety, with respects to the two poor men who died.
When I wrote "I hope the company is ensuring that everything is in order, no more accidents", it was merely a casually written, off the cuff remark and had I given it more thought I would have written something along the lines of things need to be double checked to be certain that everything is in order.
I have more that I would like to say, but, at this time, I am not going to make points about an accident in which two men died, as it would be disrespectful.
Perhaps after the report has come out, I will make those points, but my point about what they say compared to what they do ("they being" many people, companies and others, with no reference to TSG intended) is valid.
Share buy back for 1 million shares should mean the downtrend is over. The co directors sense this is a bargain basement price with a yield above 7% and expanding operations.
TSG is a trustworthy UK company - many here think wrongly that it is Russian
This is what the head of TSG has to say "As with environmental performance, the poor health and safety record evident in much of Russian industry has largely been a consequence not of inadequate regulatory provisions but of inadequate enforcement, inappropriate management practices and an adverse safety culture."
Norilsk is a Russian company - Responsible for a huge Oil Spillage and Plant Collapse
The head of Norilsk Nickel has since admitted the company is likely culpable for the collapse. “This accident was presumably due to a gross violation of safety and industrial safety standards by the heads of the enterprise,
A lot of money is being invested to prevent incidents like this, he added. “Apparently, our efforts are not enough.
Noel your comparison is as strange as your own statement
"I hope the company is ensuring that everything is in order, no more accidents"
"who have taken everything into account" - that's good and I do see see TSG as well run company with high standards of compliance, etc. but I'm sure that the company that was fined - was it Norel Nilsk? - also made the same statements about doing everything right. Accidents happen - as we, very sadly know.
I'm not seeking an argument here, I only posted the link FYI, but my point about the company that was fined is valid. We see it all the time in not just mining and not just in industry. Not talking about TSG now, I'm talking about life in general, companies, government departments, hospitals and others have very fine words on their web sites about how they do everything right - then something happens, things go wrong that show those words as hollow.
That report is one of many buried on the TSG website. You will find it, like others, under the ‘Environment’ link, although it may not show up under a general site search. The company is head and shoulders above most AIM companies.
Thanks for posting Art; very interesting report although it is quite old. Interesting to note all the other minerals mentioned. Well worth reading.
http://www.trans-siberiangold.com/media/1128/eia_complete-1.pdf
This is a highly respected British mining Company who have taken everything into account including Safety First, Social and Environmental issues even before they start to mine anything. Read the latest RNS regarding the prefeasability study to see the amount of work these guys do before they pick up a spade.
I hope the company is ensuring that everything is in order, no more accidents -
"Russia backs 'radical' plan to block profits of companies that destroy environment, after fining mining giant $2bn over fuel spill "
https://www.rt.com/russia/516436-government-plan-ecology-fine/
Worst case IMO, V25 is very concerning as it is virgin ground that should not be full of voids or in poor/faulted ground (as per RNS's). It would be interesting to know how much of the roof has fallen
Looks like we'll be waiting a few weeks at least for stability, but at least the news is out.
Be careful of the buy sell share trade reporting here. It has just listed my purchase as a sell