Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
I’m not convinced we need so many on the BOD, too many cooks spoil the broth etc shouldn’t we be trimming our costs?
CHRISTIAN SCHAFFALITZKY; Executive Chairman
IAIN RAWLINSON; INED, Barrister
TAMERLAN ABDIKEEV; Japan EUA v 2
KOTARO KOSAKA; Japan EUA v 2
VASILY KUDRIN; CEO West Kytlim
ARTEM MATYUSHOK; Mergers and Acquisitions
KONSTANTIN FIRSTOV; Country Manager (Russia)
DMITRY SUSCHOV; Mergers and Acquisitions Officer
DIMITRI REACTS; Social Media Ambassador
@B1ll; I get what you’re saying but it was getting impossible to have any form of discussion, they just post absolute dross to clogg up every post. It’s much better not having to read it which I agree is a shame as one day one of them might post something informative, that’d be IKN as DR is clueless
@KRSS
Konstantin Firstov, former Managing Director of Rosgeo has been appointed as chief executive of the 100% subsidiary Yuksporskaya Mining Company, and as chief executive of the 80% subsidiary Terskaya Mining Company.
Terskaya holds the Monchetundra and Monchetundra flanks licences..
Firstov is an experienced mining engineer who previously worked as the head of open pit mining at Achinsk, the largest operation of Rusal, a leading company in the global aluminium industry.
@B1ll; it’s even funnier when you have them on filter as you don’t have to read their crap, just post something that you know they will bite on and sit back and laugh. I think everyone’s sussed them out now and not many take them serious anymore.
1. 12th May 2021; received a proposal from a credible party & exited the FSP 803 days ago.
2. Asset sale; (28 Oct 2021) buyers DD complete 634 days ago.
3. NKT JORC; (16 Dec 2021) Work on the open pit part is in progress and the NPV of that part will be announced separately 585 days ago.
4. NYUD JORC; (8 Feb 2022 draft CPR with BOD for review) 531 days ago.
5. Nyud; Exploration license received by Rosgeo in mid Dec 2022, EUA will update shareholders on receipt of this license in due course. Approx 220 days ago
6. 2 x court cases pending Mispare/Queeld Ventures Limited & Logik.
RE: All this moaning26 Oct 2022 12:37
Expecting a deal to be concluded very soon, but in the mean time, shareholders are entitled to question anything relating to their investment, albeit there are some on this forum who are not invested, but don't have much going on in their lives and they need the attention. People invest into a business based on their own research, and comments from the Board of Directors who say what they can to entice investors in. Some are thousands of pounds down, and rightly or wrongly have put the faith into this BoD. It's extremely condescending to have a pop at people "moaning". It's their right, as it's their money.
From what I have heard, the BoD got a little too greedy back in 2021, and could have taken a deal at a much higher price than we will get from this current sale (but they won't tell you that!), and Keith ignores most investors.
As I said, expecting the news to land at anytime now, but it's unfair to tell people to "Just Relax" - A deal is not done, until it's done.
RE: CS salary17 Oct 2022 14:46
Christian's wage has increased over £100k.
James' wage increased over £250k.
At a time when EUA SP has fallen -78.09%
Worthy to note the salary increases and bonuses for other members of staff too. Ian Rawlinson for one.
@Lenoman; I believe it’s a free world and people can post as they wish. You don’t seem to have any issue with DR & IKN posting their tedious drivel all day every day or did I miss you having a dig at them? I could say the same about your posts but note you never post anything worthy of a debate. The questions are for the AGM tomorrow, you know the one where we get to ask the BOD about things they’ve not told us about, why would you not want to read about them or even better add to the list? Feel free to filter me if that’d make life better for you it’d not bother me in the slightest.
17. Why are communications between the BOD & shareholders not clear, open to debate, often conflicting with previous communication received & deliberately vague. This is totally unacceptable to shareholders and needs rectifying as a priority
18. The 2020 Annual Report mentioned a short infill core drilling campaign focused on L and WN. As it's a requirement of listing to give details of drilling to certain mininum levels why has no information been given to shareholders of the drilling results.
19. In April 2021 you submitted a detailed exploration project for the MT flanks area to develop those prospects and bring further resources into the MT mine. Any update on this and what has been found/changed resource wise.
20. A number of years ago you gave a JORC figure of 2.2moz Pd equivalent at MT however, despite it being a requirement of listing, you never released the actual JORC to shareholders. Why not and will you.
21. In the annual accounts for 2022 £28,000,000 is showing as loans to a subsidiaries. Which subsidiaries received these funds, what was it used for and how much is remaining
22. Are the deffered shares (4.9p) included in the 'nominal aggregate value' calculation?
23. Artem Matyshok; brought in to speed up the Asset sale in May 2022, it’s obvious that the DFS was required before any sale could take place so in what way did the BOD expect him to succeed.
24. WK; in the AR you state “The Board have agreed a new and extensive mining plan for the remainder of the season, based on electricity powered machinery and equipment. The mining operations in West Kytlim will contribute significant additional funds to the Group when the value of the extracted concentrate is realised.” When will you give the details of this to your shareholders, with the new dragline in place can the BOD advise of the revised costs to mine at WK
25. If the Board believes "This (sales) process has now run on substantially longer than the Company's management team had anticipated", how long did management originally think this process would take & how much longer for it to complete.
26. If the information issued in RNS dated 6-Jan-2022 is still applicable and has the backing of the full Board.
1. 12 May 2021 we received a proposal from a credible party, 28 Oct 2021 buyers DD was complete, are these still classed as a credible party with regards to the Assets Sale, do they need to re-evaluate their DD.
2. The Group's current (as at 29 June 2023) cash position is around £40,000 and US treasury Bonds valued at £1,646,255 with the reduction since December 2022 being accounted for by £150,000 in capital expenditure, £950,000 on development expenditure on its assets portfolio, and £2,031,578 in costs.
What are the breakdown of capital expenditure & costs and anticipated monthly cash burn?
3. Reserves & Resources, why have we had no update since the JV expired on 26 Feb despite losing the rights to 8 of the assets.
4. Will the proposed changes in the BOD result in an increase or decrease of expenditure
5. NKT open pit updates, when is this due for completion
6. NYUD; is there an expiry date to take up the licence, have we paid for our 75% entitlement in full, is there any possibility of an update on the JORC. Is there a breakdown of total costs paid for the Rosgeo JV
7. Why did the BOD not immediately inform shareholders when the 2 x court cases were lodged against EUA and why no mention of either in the AR, what’s the worst case scenario we can expect
8. Why was it decided to host a virtual AGM only?
9. How many NDAs remain in place & when do they expire
10. Why was the AR not released until 3 July, when it was expected early June
11. Options; 146M. Is it possible for a breakdown of who these have been allocated to, the OPD issued by RNS on 17 July 2020 is incorrect. Can you explain why you feel it was “fair & reasonable” to extend all of these to 2 Nov 2023. In particular Alexei Churakov who has 40M.
12. "we also note recent precedent transactions which have successfully completed despite the geopolitical situation." Whats prevented/ preventing the BOD from selling our Assets?
13. James Nieuwenhuys, stated in an RNS on joining the BOD “leveraging my relationships made over more than 40 years in the mining industry and securing a deal beneficial to our shareholders". Was this achieved?
14. In the AR you stated “No further significant expenses are forecast for the Monchetundra project” Have we paid our Royalty payment of circa £187,000 for MT due in Nov 2023
15. DFS; I appreciate it was only approved just prior to the release of the AR, how long before the BOD read & digest the contents & give shareholders an overview of their thoughts. When do you intend to publish the full MT DFS contents so shareholders have the ability to analyse it for themselves. If you are not intending to publish it, can you please give us a reason why?
16. Can you clarify why there is a requirement to reinstall Resolution 6 considering it wasn’t necessary last year and you’ve advised we are fully funded for the next year
Spikeyj; it’s the best thing I’ve done, the two of them are so blatantly trying to disrupt everything. I prefer to listen to every view but DR in particular is impossible to hold a conversation with he never answers questions and just blurts our totally irrelevant responses. I’d recommend everyone to filter him and see if we can have a better bb tomorrow, he’s really not worth talking to.
@DR; I think it’s a bit low to bring people’s families into things. By all means we know you’re out to disrupt every post and that’s your choice but that’s going a bit too far imo. Even you must have some standards.