Member Info for Selevi

Kazakova Svetlana Mikhailovna CEO of JSC "MANGAZEYA PLUS"

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

All very cloak and daggers stuff

Https://www.audit-it.ru/contragent/1247700035329_ao-mangazeya-plyus?ysclid=m8tbmkzq57114042705

JOINT-STOCK COMPANY "MANGAZEYA PLUS"

Age 1 year 2 months (for comparison: the industry average is 7 years)

Activity Computer software development

Founders

Registrar: JSC "NRK-R.O.S.T."

Supervisor Kazakova Svetlana Mikhailovna (General Director)

Profile

Date of registration

January 19, 2024

Authorized capital

15,000.00 ₽

Legal address

Moscow, inner territory of the city. Danilovsky Municipal District, Avtozavodskaya St., 17, bldg. 3, room 2n

https://companies.rbc.ru/id/1247700035329-nao-ao-mangazeya-plyus/?ysclid=m8tbkqvyoo348884181

Https://info.creditriskmonitor.com/Report/ReportPreview.aspx?BusinessId=17421518

Higher AU fits better than higher AU ounces mine life and costs. Polymetal website is set up by a one day company probably set up by an LLP or LLC. Complete segregation while the sea is choppy.

This POX debacle highlights mixed signals. Four years to build a little processing plant for ore. When decent companies can build huge plants in a year or so. The thing is they are proud of taking four years. The RU assets and the POX debacle huge red flags which make nonsense of their news releases. But carry on the circus.

The Chinese build city's in a year. Polycore takes four years to build a small processing plant. And brags about it

A Nesis brother of V Nesis Russian Oligarch brother of Group CEO just a coincidence that his 23% stake gets transferred to some oblique Oman outfit at the same time the Russian assets get transferred to some oblique Russian outfit. Nothing adds up and still now they push timeliness out further and further for any return of shareholders value. I agree this will never return to London after Del boy and Rodney and their dodgy dealings in the shadows.

That's the weirdest thing no Equity Analysis coverage.

1. We've got to sell the Russian assets as they're toxic

2. We've got to ship production back to the Russian assets as we lose 100 bucks an ounce in AISC

3. We've got to build a replica Russian asset while we ship production back to the Russian asset and this will take four years

4. Massive CAPEX and no financial access due to us selling our Russian assets but still shipping production back to the Russian assets is preventing dividends and causing market cap to be suppressed as no one wants to buy our stock because of all our management decisions

Must be the worst board of directors and CEO in the history of awful management

Something smells odd. Maaden are Saudi yet the company’s release is Maaden LLC which is owned by Mercury LLC which is state owned by the Sultan of Oman.

Why is nothing ever transparent with the Board the company and Nesis always hidden behind limited liability companies or partnerships.

Maaden scooping up the company for nothing? Explain how the mechanics works. To do this they need 95% of the vote. As they are raising capital in their name no collateral is backing the finance ie company collateral so any foreclosure falls on Maaden not the company. The company stated they are not willing to raise finance by putting up collateral it has to be non backed finance hence the reason Maaden are applying. As for listing elsewhere what's the point your making. Any Kazakhstan mining company not willing to put up collateral by way of mitigating risk won't raise capital wherever the listed jurisdiction maybe. London will not take this company back and which other exchange would want it?

The clowns sold 70% for peanuts and still use the 70% for processing apparently so where's the risk mitigation for a measly $100 an ounce uplift in 66% of production not taking into consideration transport and insurance costs.

Maaden applying for finance is debt rolled over West to Kazakhstan as the company's inability to raise finance due to its awful management decisions. The CEO didn't even consult shareholders when delisting from Moscow, Maaden are just shareholders and if they are willing to put their neck on the line for half a billion without the requirements of company collateral then they are either seriously underwater in here or have huge ambitions in here either way your points make no sense.

The Irony of this thread.

Monakhov sacked for telling lies.

Question "Mr Monakhov why are Wood and Co not allowing shareholders to purchase shares"

Answer by Mr Monakhov "They are carrying out their due dillingence". Ten months ago this was reported

Looks to me the company want to re finance their outstanding European debt and migrate it all to within Kazakhstan

To do this they need a huge Capital Intensive project on a long timeline hey presto POX over budget and four years to complete. So they are applying for a $500 million lone on the back of CAPEX which in essence they could pay for from free cash flow and is already being shipped to Kazakhstan so some Capital been pain already as the main autoclave is being installed H1 2025

The POX is in essence a debt roll over project but as the company has such a small market cap and no financial records for a full 12 months since off loading its Russian business then the majority shareholder Maaden is making the finance application to the Kazakhstan bank.

Once approved the company should be debt free Maaden owning the loan and in reality the company could have over $700 million in cash after the uplift in Gold Prices in H2 2024. Interesting year ahead Once the Russian shareholders have been disposed off.

How the loan is transferred from Maaden to Solidcore Plc will be of course interestingly share buyback possibly

Https://piter-trust.ru/en/

These guys have been busy buying up stock at $2.29, they could be over the 5% threshold but won't trigger a TR1 until these shares are transferred to the AIX then they become a major shareholder or do Maaden offer to buy the stock

Maaden could be holding or buying stock indirectly so not to trigger a TR1 notification. A separate entity could be indirectly holding or buying up stock and so transfer this at a later date

It does seem Maaden via the Chairman are running the show now as they own 30% directly and have applied for a loan the size of 36% of the current market cap

Piter Trust and Maaden interesting year ahead with the possibility of sanctions easing and limited stock availability

All projects are a LLP limited liability partnership under the Plc brand Solidcore Look at Kyzyl

https://www.ebrd.com/work-with-us/projects/psd/kyzyl-project.html

Maaden application for finance would be a reasonable excuse that Solidcore application for finance would be rejected as they would refuse to put up collateral such as an assett maybe a mine etc.

Solidcore wants to borrow without putting up collateral hence Maaden being the "borrowers"

Solidcore market cap is tiny compared to its capex and expansion plans and until it has a full year's financial independent accounting records behind them then borrowing money to expand is a problem

The fact that the majority shareholder is applying for $500 million dollars in finance without hindering the company or risking collateral speaks volumes in whatever way you see it as

It seems Nesis is building a monster with full support from the Oman Government

Http://altynex.com/en/

Potential merger

In 2024 it's only 50 million dollars worth of gold ore bought from AltynEx

Core digs 475k ounces at $2600 SO $1.2 billion So 24 times more than it buys from AltynEx

But still if they've bought it for processing then it's being sent to Russia which means this very odd arrangement is far more relaxed and in house than they are making shareholders believe

Which could mean a number of scenarios which have played out behind closed doors

Everything that has gone on since leaving Jersey is very suspicious

Looks like he was possibly moved on for posting on the Telegram Solidcore London Group along with the head of Investor's Relations

From CFO of Solidcore to

https://cool-carriers.com/

Maxim Nazimok

Group Managing Director, Cool Carriers Ltd.

Cool Carriers

Bit of a drop in statuary nobleism

Yes attrition it has been. Maxim Nazimok leaves or was sacked today. Evgeny Monakhov was moved from his position as Head IR. Two pivotal stewards regarding the trade patterns of stock. You do wonder what has been going on behind the scenes.

100 million shares registered in Moscow now in Astana yet a daily volume of 22k in Astana Volume was over a million in Moscow daily

All these shares and no TR1 would dictate what?

Do you really think ties have been fully cut from the old company or still remain and could be reinstated.

The sale was odd as if it was temporary and could be reversed easily for arguments sake in the event of a Trump victory

Yes attrition it has been. Maxim Nazimok leaves or was sacked today. Evgeny Monakhov was moved from his position as Head IR. Two pivotal stewards regarding the trade patterns of stock. You do wonder what has been going on behind the scenes.

100 million shares registered in Moscow now in Astana yet a daily volume of 22k in Astana Volume was over a million in Moscow daily

All these shares and no TR1 would dictate what?

Do you really think ties have been fully cut from the old company or still remain and could be reinstated.

The sale was odd as if it was temporary and could be reversed easily for arguments sake in the event of a Trump victory

So you need $60k USD to be a qualified investor in Russia otherwise they will force buy your shares and you cannot repurchase them. Hence lost you shares for $2.50 to Piter Trust. Sounds like commy UK. Private investors will do well or be very lucky to hold in here most cannot buy or have been sold out by force...

Not private no

5% pot size reporting rules so no one has to report under 22 million shares then a 1% incremental increase so 4.7 million shares per increase over 22 million pot size. Discount the Arabs.

It's a shift away to long term investors who do not trade.

The share registry is visible to the company who owns how much. I can't disclose but a huge pot is owned by AJ & HL and my guess is the company would like this reversed but it remains very stubbornly as it is. No one is selling hence the awful trading traffic in tinsel Town. But Nesis is making big inroads in making a name for the company in Kazakhstan hence some big projects awarded in the future so the AIX is the company's backbone with a possible ADR on the NYSE.

I don't see a return to London I see a Kazakhstan miner primarily listed in Kazakhstan with a mkt cap of around $4.5 million dollars paying a 50 cent dividend a year.

It's too difficult to buy a big pot now no one is selling what does that tell you.

A Russian CEO and using Russian facilities well you may as well kept the Russian mines.

Lose the Russian BOD stop shipping ore to Russia your equities become a different animal

Everything seems to revolve around the BOARD and CEO to accommodate