Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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HMS GROUP ANNOUNCES RUB 1.6 BN CONTRACT FOR THE OIL TREATMENT PLANT CONSTRUCTION ON DULISMA OIL & GAS CONDENSATE FIELD Moscow, Russia – July 24, 2012 – HMS Group (LSE: HMSG), the leading pump manufacturer and provider of flow control solutions and related services in Russia and the CIS, announces today that it has signed a contract worth Rub 1,578 mn (c. US$ 49 mn). In accordance with the contract, HMS will provide a wide range of construction and engineering works including construction of the second stage of an oil treatment station, the second stage of an oil custody transfer point, a fuels-lubes storage, a fuel filling station and other infrastructure facilities on the Dulisma oil and gas condensate field, located in Irkutsk region of Russia. The Group’s operating facilities will produce a significant share of the specialist equipment to be embedded under the project. HMS will provide commissioning by the end of 2013. Previously, HMS participated in the first stage of the oilfield development project and constructed the first stage of a crude oil delivery and acceptance point.
http://www.investegate.co.uk/Article.aspx?id=20120724120000Z6420
Good results today - Like their Oil services involvement mmm..
Interesting - need to read more here
Artem Molchanov, Managing Director (CEO) of HMS Group, commented: “The acquisition of DGHM is perfectly consistent with our growth strategy in the most appealing markets with positive fundamentals. Through this acquisition we gained adjacent products that would enhance our existing product offering. This will allow us to provide complex solutions for strategically important projects implemented by our customers. Moreover, having acquired the healthy company with strong financials, we retained a sound balance sheet that would support our further growth initiatives.”
February 21, 2011 HMS Hydraulic Machines & Systems Group plc (the “Company”, and together with its subsidiaries, the “HMS Group”) HMS GROUP TO OBTAIN CONTROL OVER RUSSIAN OIL AND GAS EQUIPMENT MANUFACTURER - DGHM Moscow, Russia – HMS Group (LSE: HMSG) today announces that it has agreed to acquire additional 11% in a share capital of DIMITROVGRADKHIMMASH (DGHM), Russian manufacturer of equipment for oil refineries, chemical, petrochemical and gas processing plants for Rub 206 million ($6.9 million). The deal is a subject to approval of the Federal Antimonopoly Service. After approval the Group will increase its stake in the DGHM’s share capital to 51%. Founded in 1931, DGHM supplies major oil & gas and chemical companies with a wide range of products – from pumps for oil and oil products to tanks and vessels and other special technological equipment for different applications. For the FY2011, in accordance with RAS DGHM had revenues of Rub cca 1.6 billion ($53 million) and EBITDA1 of Rub 387 million ($13.0 million) with a strong 24.5% margin. The company had no outstanding debt as of the end of 2011. HMS will consolidate DGHM’s financials into HMS Group’s IFRS reporting starting from January 1, 2012.
http://www.investegate.co.uk/Article.aspx?id=20120221101100Z4035
November 29, 2011 HMS Hydraulic Machines & Systems Group plc (the "Company", and together with its subsidiaries, the "HMS Group") HMS GROUP TO IMPLEMENT TURNKEY PROJECT ON A NEW EAST SIBERIAN OILFIELD Moscow, Russia - HMS Group (LSE:HMSG), the leading pump manufacturer and provider of flow control solutions and engineering services for oil and gas fields in Russia and the CIS, today announces signing of a contract totalled Rub 1.8 billion (app. $57.2 mn,) after winning the competitive tender process. Within the framework of the project the Group will render a broad range of engineering services, including project design, procurement, manufacturing of pumps and other oilfield equipment as well as overall project management on Srednebotuobinskoe oil and gas condensate field in the Republic of Sakha with explored reserves of apprx. 122 mn tn. Artem Molchanov, Managing Director (CEO) of HMS Group, commented: "I'm pleased to say that being a good example of the large-scale turnkey solution to be executed in a harsh environment this project represents the next stage of HMS group strategy implementation. Last year we completed the acquisition of GTNG, one of the largest project and design facility in Russia. It allowed us to offer principally new level of technologically advanced project design combined with manufacturing and engineering expertise. Looking forward, I believe that ambitious development plans of oil and gas majors on green- and brown field projects create new opportunities for us to deploy platforms of similar complexity". *** The HMS Group is the leading pump manufacturer and provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. The HMS Group's products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia's core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. The Group reported revenues of RUB 13.9 billion, adjusted EBITDA of RUB 3.1 billion and profit of RUB 2 billion for the six months ended June 30, 2011. The HMS Group's global depositary receipts ("GDRs") are listed under the symbol "HMSG" on the London Stock Exchange. For further information, please contact: Sergey Klinkov
November 29, 2011 HMS Hydraulic Machines & Systems Group plc (the "Company", and together with its subsidiaries, the "HMS Group") S&P AFFIRMS HMS GROUP CORPORATE RATING AT BB- Moscow, Russia - HMS Group (LSE: HMSG) today announces that Standard & Poor's Ratings Services affirmed the long-term corporate rating of the Group at BB- with a stable outlook. This reflects agency`s view that HMS Group should continue to benefit from strong market demand in Russia, renew its order backlog, and maintain its adjusted EBITDA margin at the mid-teens level. By confirming the existing rating the agency acknowledges that the HMS Group would retain the technological advantage and customer relationships that support its leading position in the Russian pump market. At the same time S&P assigned 'B+' issue rating and 'ruA+' Russia national scale rating to proposed Russian ruble (RUB) 3 billion bond, to be issued by one of the Group`s subsidiaries- CJSC Hydromashservice. Bonds issue of 'B+' rating level could be included in the Lombard list of CBR and used as collateral for REPO transactions. The proceeds of the prospective issuance could be used by the Group to finance its ambitious business expansion program. *** The HMS Group is the leading pump manufacturer and provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. The HMS Group's products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia's core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. The Group reported revenues of RUB 13.9 billion, adjusted EBITDA of RUB 3.1 billion and profit of RUB 2.1 billion for the half year ended June 30, 2011. The HMS Group's global depositary receipts ("GDRs") are listed under the symbol "HMSG" on the London Stock Exchange. For further information, please contact: Sergey Klinkov Nozima Karimova Head of IR Head of Press Service Tel: +7 (495) 730-66-01, ext. 1302 Tel: +7 (495) 730-66-10 klinkov@hms.ru
HMS GROUP TO DELIVER MODULAR EQUIPMENT TO EASTERN SIBERIA HMS Group (LSE: HMSG), the leading pump manufacturer and provider of flow control solutions and related services in Russia and the CIS, today announces that it has signed several contracts for total sum of more than RUB 500 mn for the design, production and delivery of a broad range of oil production technological modular equipment to one of the largest oilfields in Eastern Siberia. ***
http://www.investegate.co.uk/Article.aspx?id=20110708090000Z0528