Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It is quite evident to ALL , that this investment has been stolen by the Uzbek Govt & since mining has restarted under another guise .
Disappointing that British Investors have been cheated out of their cash .
Still Russian or Chinese Investments are best avoided .
Maybe quarter two then .
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Ouch .
Not outstanding
Agreed positiveish .
One assumes that the study will need to recruit a minimum of 3 more patients before possible progression to the next cohort."
The next may be a changeGamer
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Soon be back over 10p .
Maybe that manure holds water after all .
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Maybe .
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Infrastructure India PLC saw a third knocked off its market value at one stage on Wednesday, with its stock hitting an intraday low of 20p before rebounding to 40p around the session end.
The volatility followed the joint release of the AIM-quoted infrastructure fund’s 2022 year-end and 2023 half-year results.
As of 30 September 2022, the value of the group's investments was £194.1mln compared to £263.1mln as of 30 September 2021.
The first half of the fiscal year was dominated by discussions and due diligence around the sale of Indian Energy Limited (IEL).
Infrastructure India currently has a market capitalisation of £2.7mln.
Binary Bet remains Intact
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Ownership stakes in Meridian Capital Limited as of 2006.
The document shows that Mynbayev was the second-largest shareholder, with 18.75 percent. His other co-owners in 2006 – by this point there were six – were Askar Alshinbayev, Yevgeniy Feld, Nurzhan Subkhanberdin, Nina Zhussupova, Azat Abishev, and Ian Connor.
This was a veritable “bankers’ club” – all seven shareholders had occupied top positions in Kazkommertsbank, the fourth-largest in the former Soviet republics.
By then, three years after its creation, the company had already become massively successful and was paying millions in dividends to its shareholders. Ian Connor, Meridian’s only non-Kazakhstani co-owner, had done so well for himself that he was preparing to move to Monaco to lower his tax payments.
This is according to notes (obtained from an earlier leak) from a May 2005 meeting he held with his bank, HSBC, in the French Riviera.
In that meeting, Connor estimated the company’s total assets at $1.2 billion, and said he had received a $9 million dividend payment from the group the previous month.
He described Meridian as a venture capital firm “investing in distressed companies in commodities mining and resources.” Its investments, he said, included major Kazakhstani gold mining and oil companies, though its most recent acquisition had been a mine in South Africa.
For such a big success, one would expect the name “Meridian” to pop up everywhere. You would at least expect the company to have a web site, but it doesn’t.
An online search of Meridian Capital leads to multiple sites that use the same generic name, but none of them are related to the Bermuda company. Considering it is worth billions, the company is nearly absent from the web. It keeps its name out of the press and rarely talks to reporters, even when it is involved in massive projects.
But why would some of Kazakhstan’s wealthiest and best-connected people go to such lengths to hide their success?
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Perhaps PE has given the green light .
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