ANSWERS TO AGM QUESTIONS28 Jul 2023 08:07
Once again - just for the hard of reading and to keep the FUD under control.
CREDIBLE PARTY STILL IN NEGOTIATIONS
SUFFICIENT CASH FOR THE YEAR
NO UPDATE ON NON OWNED DEPOSITS
NEW CEO AFTER SALE OF ASSETS
NYUD – NO FINAL DECISION
COURT CASES – LOGIC – SETTLED. Q+M – CAN’T COMMENT ON ONGOING COURT CASE
NDA’S – VARIABLE AND NEW ONES SIGNED IN JUNE. 1 TO 3 YEAR TIME LINE
ANNUAL REPORT – MUCH TOUGER THIS YEAR – HENCE THE DELAY
OPTIONS – CHURAKOV ‘S CANCELLED
SALE PROCESS – BOD FOCUSSED ON THE SALE – MADE CLEAR MULTIPLE TIMES
JN LEAVING – EPC SPECIALIST SO NOT CURRENTLY NEEDED
NO ROYALTY PAID
DFS – LEGAL PROCEDURES NEED TO BE FOLLOWED BEFORE IT CAN BE PUBLISHED
RESOLUTIONS 6+7 – CRITICAL YEAR. HOPE TO FINALISE THE SALE SO OPTION NEEDS TO BE THERE IN CASE IT’S NEEDED
MT FLANKS – MKT WORK ONGOING
JORC – SUBJECT TO RUSSIAN SYSTEM AND WILL BE PUBLISHED WHEN DFS IS RELEASED
SUBSIDIARIES – MONEY CAPITALISED AS LOANS – PRE-WAR EXPENDITURE. NO INTERUPTIONS TO OPERTAIONS AT ALL IN RUSSIA
AM – VALUED MEMBER OF THE BOARD.
SINOSTEEL – NOT CONSIDERING AS SALE IS WHAT THEY WANT BUT IS STILL AN OPTION
PGM STOCKPILE – WILL BE SOLD
SALE CONFIDENCE – VERY HOPEFUL IT WILL BE COMPLETED THIS YEAR
GOOD RELATIONSHIP WITH RUSSIAN AUTHORITIES – NOT ENCOUNTERED ANY SERIOUS OBJECTIONS AND THEY’RE IMPRESSED WITH THE AUTHORITIES
CS – SIGNIFICANT SHAREHOLDER AND AT 70 YEARS OLD DESERVES A REST.
DIVIDEND – WILL BE PAID UPON SALE OF ASSETS
DRAG LINE PERFORMING VERY WELL AND IS CURRENTLY STOCK PILING ORE AFTER SOME MINOR GLITCHES EARLY ON
SIGNIFICANT SAVINGS BEING MADE USING ELECTRIC
EURASIA V2 – MOVING INTO H2 AND RENEWABLE ENERGY. STILL IN DEVELOPMENT
HANDS TIED WITH RESTRICTIONS REGARDING THE BUYER
LARGE SHAREHOLDERS NO BETTER INFORMED THAN PI’s
NEW CEO TO BE APPOINTED AFTER SALE IS COMPLETED
STILL NOT DIRECTLY AFFECTED BY SANCTIONS
BOD MUST PROTECT TRHE INTERESTS OF ALL SHAREHOLDERS
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