Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Surely will happen this way , Urraca . PS: They should also post their plan to move the Uen forward soon in its own website right before ....
Uen should be worth 250P!!
Very Valid point Itisagme.. Look like AO will jump out again on "being British and ethical argument ", what a jerk!
So obvious sense of desperation, step-by-step since the whole saga stared, asi sense it by then (my OCT, NOV Posts).. Such a laughable attempt to insult on all our PI's intelligence !!!
Adfricaanoyherserver: You sounded such a hypocrite , Maybe even likely the fake PI trying to defend the incompetent, maybe even corrupted BOD who has been ruining the company for years. I also doubt you own any share of UEN at all as otherwise your argument makes no sense whatsoever !! Why on earth an 45% stakeholder want to "profit from few million loans" when his entire holding can be 10 times more than what's worth now ???? Personally, I don't care how MR K played on these "loans" as long as its on the records, and making strategic sense for realising the true value of the UEN!!!
Agree 100% with you Urraca: Notice all these so-called "Unauthorised Loads" business were taking place during later part of 2018 before the Port Takeover, this is precisely for the sake of "Russian Foreign Investment Rules" for controlling a major local infrastructures SO make 100% sense using Local shareholder with company's "loan" ! ! As to the Passenger Ship deal, also make sense if UEN controls the Port to maintain or even expand its core business for additional cash flow to keep port running more efficiently, along benefit the local employment, WHY NOT! I am sure this move was encouraged by local Govt too!!!
Today's RNS is very smart for zero cost of acquiring 4 additional property in area PGD has been based for decades!!! with gold price moving north again (likely reach$1400/oz in coming months (along with silver), PGD is cash flow rich (recent production cost is less than$ 500/oz) for yearly production of 45000oz for 2018), new drilling at Calcatreu new flagship site. also the 300,000pz at depth below openpit of Cap Oeste, etc.. PGD clearly know when to start to commit the CAPEX to making maximum efficiency !! 2019 should be major turned around and I put my money there my mouth is, ADD!
For the Current BOD, they know their "good time" is approaching its end game so acted desperate lately. Fact the matter is that they can not refuse the upcoming EGM when they will be out !!! SO stay put and buy and see the SP (clearly bottomed out from yesterday ) going north inn new year !!!
Its obvious that current BOD is extremely desperate knowing the forthcoming EGM will take them out so using fearmongering tactic to save themself, would not work!!!
Ohh. come on Urraca: Russian is a different country than UK! We have to give Mr K the benefit of the doubt : to me, current BOD is clearly a lousy group of "friends", promoted my the CEO, Leonid Dyachenko, who is the Son-in-Law of Ex-President Boris Yeltsin who is completely useless , gave the way to Putin, So they got the UEN asset back then! But they are not the man wet their feet and doing physical works on the ground and also extremely arrogant, living a high life here in London for so many years ! Other then taking fat salaries, what have they done ? Making loss ! My guts feeling is that Mr K was somehow forced or tricked to pay 12p (old price) to rescue the CEO for his 45%, eventually Mr K can no longer stand the bully and planned a total taking over: the money loaned to those man (small money anyway) may just be a cleaver way of dealing with local corrupted ports and govt officials for the total control of PORT! Surely his statement was clear, he wants our follow shareholder to see his action , to benefit all of us PIs , mostly for his biggest stake, No point to be dishonest or disgrace himself as painted by the current BOD! I am sure Mr K somehow will make his plan public for all the ground work he did prior to the EGM . I just cant see any point for Mr K to delist the Uen or crash the SP, but to make UEN big and better !! We will see. !
Total non-sense of delisting possibility given the fact that the total reserve of latest CPR is much bigger while Mr K has largest Stake ! With AIM fund raising mechanism , the SP could be much bigger and JV partners for Komi etc.... Make every sense to get rid of current BOD, put the path forward with a new BOD with Shareholder's interests at top priority , esp for Mr K!!!
Today's RNS pretty much concludes the biggest shareholder wins the game and BOD are corned to admit the defeat and out ! Its good news for SP I hope !
The BOD are clearly freaking out, knowing they will be fired !!! Wonder what they will put on Circulation to trick the shareholder to vote down the 45% major stakeholder ?
Remember where did they ordered the new rig, Chinese . They should know them very well by now. Funding was never a problem, the current BOD is THE problem ! Check my previous post which I predicted back then ! This takeover will make Mr K and us all shareholder very happen ! But in order to allow this Takeover, get rid of current BOD is the the key as the 1st Step !
Yes, they are HK people , also chinese I think. Whatever, the current price is a total joke for what UEN's asset !
I remember that bid , these are the chinese. Very well will bid again , or may already dealt with the bid price so Mr K delivers since he is the key person makes sell vote at an agreed price....With Russian and Chinese are treading with its own currency, by pass Dollar, you never know ! ! Buying big time is a no-brainer !
My money is on the new BOD as they are most likely all on the ground and have been or can do the job much better than those enjoying London life and provide lip and paper services only for so many years ....!
AHA, finally they kicks off the useless BOD who does little work and getting paid well for living in London ! This is well planed takeover , and make every sense for all shareholders (BOD has 3%), carry on trading and MA with the biggy field. ADD NOW !
Urraca: You are abs right about how to turn the company around for its huge assets long long time ago !.. But if BOD has only 3-4% of company, what they care ? ! This is my reason to assume this drama may very well be the opportunity for, or even planned move by, the 44% owner of the individual who is the one actually doing the hard work of running this cash machine and not get rewarded , mostly likely got ignored by BOD. Just a logical thinking and I added yesterday !
They already got $4m loan from Petraco for the working capital (paid back already with recent tanker shipment) that will keep them going till mid June 2019, so don't panic ! It is increasingly likely that Mr Kononov be the one asking the BOD to resign in the end ! He has not responded to BOD yet in public ....