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good point
Law13,
"Sundance Hambro is so devious that he's the chair of IRC and no one seems to care that KPMG have hinted he is not only a gun slinger but an international embezzler"
One might almost be forgiven for thinking that the 'coup' of POG by UGC was thinly veiled collusion with PH!
IRC's TU is absolutely shocking in what it reveals about how it was run in the 2/3 previous quarters. Now that POG's PIs can no longer benefit from IRC's good fortunes, the cash has stopped from vanishing. IRC is even paying chunks of its loan way ahead of schedule, and by an amount similar to the one I posted they would some time ago.
In other words, now IRC's cash no longer disappears... and instead it stays with IRC's new shareholders. You have to wonder who the ultimate beneficiaries of the company buying POG's position in IRC are.
Make no mistake POG's position in IRC will be worth $150M easily.
POG's Board, as POG is being quoted on London, should be hold to account for all that is happening.
Wanted: Butch Maloskiy and the Sundance Hambro, for KPMG suggested embezzlement.
Sundance Hambro is so devious that he's the chair of IRC and no one seems to care that KPMG have hinted he is not only a gun slinger but an international embezzler.
Absolutely. To announce such positive results for IRC is just rubbing the shareholders noses in it. Let's also remember who the current chair of IRC is and who according to KPMG unfinished report is an international swindler. No wonder people don't want this share the way things are being run.
1/3 of this business is given away for peanuts, IRC makes loads more money than Plc and yet just being given away
Irc including trial run on the the Amir bridge in August ( so opened at last )
Corporate & Industry
• Positive Profit Alert with larger profit in H1 2021 than in H1 2020;
• 100% increase in H1 2021 average Platts 65% iron ore price (H1 2021: US$211/t vs H1 2020: US$106/t);
• H1 2021 closing cash and deposits balance increased to c.US$67 million, after
– loan repayment and interest totalling US$17.1 million to Gazprombank in H1 2021; and
– payment of guarantee fees to Petropavlovsk PLC of US$13.8 million in H1 2021;
• Early principal repayment to Gazprombank of US$20 million in July 2021;
• K&S continues to operate normally while it continues to resolve the RTN compliance issues;
• Trial shipment via the Amur River Bridge is expected in August 2021.