Member Info for Selevi

Carrying refractory ore from RU assets processed at Amursk so concentrate originated from RU assets and sold into Kazakhstan otherwise why the tolling so called agreement and why even utilise a sanctioned asset. No one counts the wagons or the concentrate as its all cushty. No one knows how much inventory sits at Amursk or Kyzyl.

AMURSK POX

Khabarovsk region

Deposits:

Albazino, Mayskoye, Kyzyl, Nezhda

64 wagons left Kyzyl heading to Amursk POX, full of Refractory Ore. The same batch. Weeks later, 128 wagons returned from Amursk POX. Full of Gold concentrate. Do the maths follow the money. Hence no rush for Ertis POX to be commissioned.

https://www.polymetal.ru/en/

Https://www.level-legal.com/en/news/legal-firm-level-legal-services-wins-the-russia-ma-awards-2024-in-the-deal-of-the-year-in-metallurgy-category

LEVEL Legal Services Wins the Russia M&A Awards 2024 in the "Deal of the Year in Metallurgy" Category

25/06/2024

On June 25, 2024, in St. Petersburg, the award ceremony of the Russia M&A Awards took place as part of the XIV Russian M&A Congress: White Nights 2024. The winner in the "Deal of the Year in Metallurgy" category was the sale of 100% of the share capital of JSC Polymetal based on a valuation of $3.69 billion to JSC Mangazeya Plus, with the legal advisory role for the seller provided by the LEVEL Legal Services.

LEVEL Legal Services provided legal support to the client during the structuring of available options and the legal execution of the transaction to terminate Polymetal International plc's ownership of the Russian part of the group.

Micro-business entity. 1 employee

Private property

Active

Creation date: January 19, 2024

Assets once valued on the LSE at $8.5 Billion USD.

RU Assets. 1 employee

Name change "MPlus"

https://basis.myseldon.com/en/company/1247700035329

Agree JOHN.

The only problem with Buybacks is who's selling.

Only 190 million votes counted on all points AGM. 140 million are Oman. If that's reflected in trading access then it's no wonder the only sole trader on the AIX is a trading desk set up by management otherwise who else is selling and buying shares. You can clean out the book offers for $300k and wipe the bid with a 40k pot of shares. Hardly mind blowing amounts. Smells a bit whiff for an ex FTSE 100 blue-chip.

The company is frustrated at the stubbornness of equity holders reluctance to move holdings to the AIX CSD. Huge liquidity problem in Astana and the management has it's hands tied. Does not want to return capital to shareholders via buybacks and can't list on an exchange accessible for Western UK brokers. Bit of a pickle the board did not foresee. The long hold mantra is spiek to hopefully push some or all of these stubborn reluctant equity holders into action and release some holdings. Looking at volumes I think management need to be more inventfull or realise that the AIX will never attract big Western trading platforms for a little sole Kazakhstan mining company. The board need to be more creative if they want a liquid trading instrument while sole listing exists somewhere no one wants to go.

Pot of 40k shares short sells it down to 346 cents. What could a pot of 150k shares short it to, below 300 cents? AIM stock,

Looking at the live book, [market depth] $300k wipes the offers off the market completely and takes the SP to 410 cents. What a million bucks could do,

The Russian assets are owned by a company called "M Plus". M Plus provides processing for 66% of Solidcore's ore for free. Go figure. Oh this temporary agreement till 2028 is why the company is still toxic. Wait they "sold" the Russian assets to ?M Plus? To avoid sanctions. Oh. But sanctions still a possibility as they send 66% of ore back to the Russian assets.

I read a similar fairy tale as a kid in native Nania.....

A quorum is not required for percentage votes posted, just a majority of those who voted. Turning into a Dictatorship more than a PLC. Oman own 30% so only 7% or 56 million shares voted. Shameless

Simon O: Telegram

https://www.finmarket.ru/news/6384403

The Bank of Russia has revoked the licenses of a professional participant in the securities market to carry out brokerage activities, dealer activities, depository activities and securities management activities issued to JSC Investment Company Peter Trust, according to information on the regulator's website.

The reasons for the license revocation also include repeated violations of the requirements of the Russian Federation legislation on securities within one year, namely: violations in the implementation of depository activities, violations related to the calculation of the amount of equity capital, violations related to the calculation of the capital adequacy ratio, violations related to the calculation of the short-term liquidity ratio, violations related to the completion and submission of reports to the Bank of Russia, violations in terms of the company's internal accounting, violations in terms of the submission of reports to clients, violations in terms of the risk management system and the internal control system, violations in the implementation of brokerage activities, repeated failure to comply with the Bank of Russia's orders within one year.

"On counteracting the unlawful use of insider information and market manipulation and on amendments to certain legislative acts of the Russian Federation".

It was previously reported that in early February 2025, IC Peter Trust completed an over-the-counter buyback of shares in gold miner Solidcore (former Polymetal), recorded through the National Settlement Depository (NSD).

At the same time, the investment company completed the settlements within the final, sixth stage of the buyout. "Piter Trust" did not disclose its final stake in Solidcore. As a result of the exchange buyout, the investment company collected 0.81% of shares, slightly more than half of the securities held in the NSD and free from encumbrances and not held in type C accounts.

Initially, as a result of sanctions against NSD and other Russian depositories, approximately 22% of Solidcore shares were blocked. The gold miner itself exchanged 18.38% of shares for securities issued on the Astana International Financial Center (AIX) exchange.

Responsibility for the Russian assets is NO longer held by shareholders of "Solidcore ". The Russian assets were or have been "sold" "hived off" "Storaged" into a newly formed mining JSC for safe keeping it seems. Who actually owns this new JSC who apparently main nature of business is "computer software " only Mr Nesis could explain as he procured the deal. Like I said how a CEO can look shareholders straight un the face with the above in mind Rope and Lampost springs to mind. Unless he intends to reincarnation of the Russian assets once hostility ends.

Don't know how Nesis can look at shareholders with a straight face.

Full name of the organization: JOINT-STOCK COMPANY "MANGAZEYA PLUS"

INN: 9725147230 (region for obtaining INN – Moscow)

Location: 115280, Moscow, inner-city territory of the city of federal significance Municipal District Danilovsky, Avtozavodskaya st., 17, bldg. 3, room 2N

Type of activity: Development of computer software (OKVED code 62.01)

Organization status: commercial, active

Organizational and legal form: Non-public joint-stock companies (code 12267 according to OKOPF)

Registration in the Russian Federation

The organization JOINT-STOCK COMPANY "MANGAZEYA PLUS" was registered in the unified state register of legal entities 1 year 2 months ago on January 19, 2024.

The average age of legal entities for the activity type 62.01 "Development of computer software" is 7 years. This organization is younger.

It should also be noted that the organization changed its name; until 02.02.2024 it was called JOINT-STOCK COMPANY "IT ASSETS" .

Tax authority where the legal entity is registered: Federal Tax Service Inspectorate No. 25 for Moscow (inspectorate code – 7725).

What does the organization do, types of activities

The main activity of the organization: Development of computer software (OKVED code 62.01).

Additionally, the organization declared the following activities:

62.02 Consulting activities and work in the field of computer technologies

62.09 Activities related to the use of computing equipment and information technology, other

63.11 Data processing activities, provision of information hosting services and related activities

63.11.1 Activities related to the creation and use of databases and information resources

HaLyk offer BT and Otc you'll see better volumes off book

It's in history

https://aix.kz/trading/block-trade-reporting/

https://aix.kz/trading/otc-trade-reporting/

Just dumped 5 shares at $3.50

The archaic way of shorting in Kazakhstan

When Divestment is not Divestment

You convince investors that selling X is good due to sanctions risks

Then you moan to investors that their will be lower H1 earnings due to delays because of sanctions shipping ore back to sold, sorry discontinued X

Then you moan about huge costs building a replica X and take more time to build replica X than the Chinese take to build vast infrastructure

Numpty

Https://bo.nalog.ru/organizations-card/7067330#fundsMovement

JSC "POLIMETALL"

JOINT-STOCK COMPANY "POLYMETAL"

Financial Report 2024 published

Main type of activity Holding company management activities