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brotherjoey
This is what was posted earlier. Can't wait till the precious metals markets get sorted.
"Watch Palladium closely!", warns SBTV's guest Craig Hemke who is the publisher of the popular TF Metals Report. Craig sees risks in the palladium market that could unravel the paper metals market. 10 Feb 2019
https://www.youtube.com/watch?v=qPmUNPuApEk
Go to 25m 40s
Things can be tough in Kytlym as well as the construction teams installing power lines.
https://www.youtube.com/watch?v=hee63xoTxuc
Gosh, I'm almost lost for words. The point of the clip wasn't about price fluctuations but was to highlight the extreme shortage of palladium supply and the manipulation of the price by the likes of the LBMA. This is still the situation. It also points out that palladium could well the catalyst that breaks the present manipulation of the whole precious metals markets and about time too! Palladium is in a very strategic position.
"Watch Palladium closely!", warns SBTV's guest Craig Hemke who is the publisher of the popular TF Metals Report. Craig sees risks in the palladium market that could unravel the paper metals market. 10 Feb 2019
https://www.youtube.com/watch?v=qPmUNPuApEk
Go to 25m 40s
PGMs are just part of a much bigger picture:
https://www.zerohedge.com/geopolitical/vladimir-putin-sums-new-world-order-5-words 11/17/2019 - 09:12
Vladimir Putin: "The Dollar Enjoyed Great Trust Around The World. But For Some Reason It Is Being Used As A Political Weapon, Imposing Restrictions. Many Countries Are Now Turning Away From The Dollar As A Reserve Currency. US Dollar Will Collapse Soon."
Bit got missed off:
“Good. Payback is good, I look,” Putin said. “Yes, we have a very good project. And the industry believes that this is one of the best projects since the collapse of the Soviet Union,” the source said.
"Palladium is more expensive than platinum, right?" - the president specified. "Today, palladium costs $ 1800 per ounce. When we started the project, it cost $ 700. Today, palladium has become more expensive due to the production of diesel engines and electric motors, it is even more expensive than gold. Platinum costs less," Bazhaev said. “Our model includes the price of palladium, 1050 platinoids, that is, we calculated conservatively,” he added.
“A very good project,” the head of state praised. But Bazhaev said that work is underway with the RDIF and VTB to attract Middle Eastern partners, and noted that the president’s recent visit to the Middle East “made a big splash.” “Business always helps, I think, and you can always rely on us,” he assured and asked to take into account that it has become harder to work with borrowings: in fact, they do not exist on the foreign market. "But we are not discouraged, we are actively launching work with our financial institutions, and they support us," the businessman said.
The head of state noted that the company has many interesting social projects both in Russia and abroad. "What can you brag about?" - he asked. Bazhaev recalled that he promised to build the Platinum Arena sports and entertainment complex in Krasnoyarsk for the 2019 Winter Universiade, and he was delivered on time: they held opening, closing ceremonies and figure skating competitions. And the arena is actively used, he assured.
Just watched interview on Rossiya 24 TV channel.
This is a newspaper report:
https://rg.ru/2019/11/18/reg-sibfo/putin-pohvalil-proekt-po-proizvodstvu-palladiia.html
11/18/2019 16:07
Category: Power
Project: In the regions
More expensive than gold
Vladimir Putin discusses palladium project in the Arctic
Text: Kira Latukhina
Russian Newspaper - Federal Issue No. 260
"You had a good project on palladium in the Arctic zone. Let's start with it. How is something moving?" - asked Vladimir Putin. Bazhaev thanked for support: “With your participation, an agreement was signed between Russian Platinum and Norilsk Nickel on the creation of a joint venture called Arctic Palladium in the Norilsk industrial region. We are finishing to create it, and I wanted to report on the status of the project and the main socio-economic indicators. "
"4.5 thousand tons will be the reserve of platinum group metals. 120 tons is the production potential per year. These are 5860 new jobs, 40 billion rubles per year of tax revenues and the socio-economic development of the Arctic, which is very important for Russia and for this region. “This is an increase in freight traffic along the Northern Sea Route and a significant increase in the export potential of the Russian Federation,” the speaker quoted the figures. "The creation of a joint venture will lead to the fact that the Russian Federation will take first place in the world in the production of platinum group metals," he announced.
“Our total reserves are 770 million tons of ore, the mining period is 55 years, and the start of production is 2024. Total investments are $ 15 billion. Ore production is 21 million tons per year, revenue per year is about $ 7 billion. Our profitability 53 percent, "continued Bazhaev.
Russia will produce more than 50 percent of platinum group metals
In the world, the consumption of platinoids, especially palladium, is growing rapidly, said the head of Russian Platinum. In the auto industry, the growth in the production of gasoline engines has multiplied, and palladium is a gasoline engine, platinum is a diesel engine, he explained. "And this is electronics, global digitalization, there are very heavily used and spraying, and platinum group metals, including for various industries, this is the chemical, petrochemical industry, catalysts, automotive industry taking into account the new stringent requirements for CO 2 emissions", - said Bazhaev. He is convinced that the joint venture will become one of the best industries in the world." We will have dry storage, we will make so-called gypsum, and we will not litter the environment. And the Russian Federation will produce more than 50 percent of the platinum group metals, and everyone will depend on us for this indicator, "the businessman said.
“Good. Payback is good, I look,” Putin said. “Yes, we have a very good project. And the industry believes that this is one of the best projects since the collapse of the Soviet Union,” th
Looks like the Queeld holding didn't actually change since 18th Sep 2019 after all.
This note has been added to the significant shareholders list:
* This holding was incorrectly stated as 288,500,000 shares and 10.97% for the period from 7 November to 10 November. The holding is spread over two accounts, one of which was not picked up in the totalling of that holding.
We are told that VENUS GARDEN HOLDINGS LIMITED is wholly and beneficially owned and controlled by Alexei Churakov.
Does anyone know the jurisdiction where this company is registered?
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/EUA/13437757.html
https://www.investegate.co.uk/eurasia-mining-plc--eua-/rns/senior-management-team-appointment/201909160700093566M/
Don't think the company ?????? ??????? has anything to do with "our" Eurasia Mining. They operate from an address in Ekaterinburg but Its founders are registered in Cyprus and they engage in the wholesale mining equipment trade under the name EURASIA CIS CAPITAL PROJECTS LIMITED
https://opencorporates.com/companies/cy/HE270597
TDT / Sandman1982
It crossed my mind that the Queeld voting rights might become an issue. Don't understand international law but perhaps the Russian authorities can't access assets held in offshore jurisdictions, in this case it would involve BVI and Cyprus. Perhaps if the shares are sold to the "right" party or parties the authorities might treat the Ananievs accordingly - I can't imagine they would leave the fate of such a strategic asset as Monchetundra in the hands of L Ananieva. As billions of Russia-based assets have already been seized possibly they'll let the Ananievs keep the proceeds from Queeld which will be small by comparison.
I'd like to know what the state of play is with regard to Queeld Ventures. As of 18th Sept 2019 they have 307,250,000 shares in EUA (12.48%). As far as I know the main people behind Queeld are the Ananiev brothers curently under arrest in their absence and also possibly the Magomedov brothers who are currently in detention. At one time Queeld owned 29.88% of EUA shares before they were diluted over time. It would be interesting to know how the Ananievs became acquainted with EUA or who introduced them to EUA. Also if the Queeld shares are seized by the Russian authorities where will they end up? I ask this because it appears the Queeld shares are registered under the name of L Ananieva (Dmitry Ananiev's wife is Lyudmila Ananieva) and the latter's assets assigned to her by her husband are currently being seized or sold off by the Russian authorities.
Downloaded and sorted from EUA website:
Time Vol Price Previous Bid Previous Offer
16:30:14 200000 2.0875 2.05 2.15
16:31:05 83000 2.5 2.45 2.6
16:33:13 250000 2.7 2.45 2.6
16:35:09 3500 2.5 2.45 2.6
16:35:40 57500 2.55 2.45 2.6
16:40:51 1000000 2.175 2.05 2.15
16:42:06 1000000 2.445 2.45 2.6
16:42:38 710851 2.4444 2.45 2.6
16:47:59 661413 2.151 2.05 2.15
16:50:10 750000 2.15 2.05 2.15
16:55:47 1000000 2.15 1.95 2.2
16:57:56 1000000 2.1825 0 0
17:02:57 610254 2.555 0 0
17:04:28 1000000 2.145 0 0
17:04:53 724651 2.15 0 0
17:07:06 1000000 2.145 0 0
17:15:00 5000000 2.42 0 0
17:15:00 5000000 2.35 0 0
17:22:05 1000000 2.468 0 0
17:28:22 1080472 2.101 0 0
Wonder if the shares of Queeld Ventures could be (are being) sold off. Queeld Ventures via Kipford Ventures is owned and controlled by L Ananieva (apparently the wife of Dmitry Ananiev). The brothers Dmitry and Alexei Ananiev have been arrested in their absence and are accused of embezzlement and money laundering and have had most of their assets seized. The Russian PTB are now working on seizing the assets transferred to their wives. Can’t imagine the Russian PTB would want the Ananievs getting away with 307,250,000 shares in EUA (12.48%) which could be worth ten times more than now.
https://www.rbc.ru/finances/28/10/2019/5db6a4f59a794740ec8e94a2
https://www.rospres.org/finance/28396/
Big sale of the wife of Dmitry Ananyev
Ex-owner of Promsvyazbank hid property on the eve of a possible confiscation
The ex-shareholder of the burst Promsvyazbank Dmitry Ananyev, before reorganization, transferred the PSN developer to his spouse and sold half of the company to offshore companies in the Marshall and Seychelles through Lyudmila Ananyev.
https://www.vedomosti.ru/finance/articles/2019/10/29/814932-kreditori-pitayutsya-zabrat
Lenders are trying to take back the assets that financiers gave to their wives
PSB secured the annulment of Alexei Ananyev’s marriage contract, DIA disputes the agreement on the division of property of Eugene Bernshtam
October 29, 00:57
Huge competitive advantage for PGM production cost in Russia where it's about $300 per oz compared to South Africa where it's about $950 per oz. No wonder the big boys can no longer ignore EUA.
https://www.rbc.ru/newspaper/2019/09/20/5d81f61b9a7947ae33b4faab
(Google translate)
Eurasia, in addition to the existing project in the Urals, owns a license for the Monchetundra deposit, whose reserves are estimated at 60 tons of platinum and palladium, the expected project level of production is 4 tons per year. It is planned to further actively increase the resource base through the development of adjacent areas in Monchegorsk district with total reserves of up to 400 tons of platinoids and gold, according to a presentation by the company, which RBC got acquainted with. The necessary capital expenditures for the launch of the deposit, including a plant with a capacity of 1.7 million tons of ore per year, will amount to $ 176 million.
South Africa accounts for about 70% of global platinum production, but its largest companies, Anglo American and Impala, are operating near the breakeven point and local reserves are depleted. In Russia, the cost of production is much lower, including because it can be conducted in an open way. In South Africa, the average cost of an ounce of platinum (1 ounce corresponds to about 31.1 grams) was $ 953 by the end of 2017, in Russia - about $ 300, said RBC senior director of ACRA Maxim Khudalov. According to his estimates, the cost of production at the West Kytlym field may be higher (according to a source close to Eurasia shareholders, about $ 360 per ounce), but it is still several times cheaper than the average in South Africa. In areas with richer ore in Russia, the cost price is lower, in addition, the ruble may continue to decline against the US dollar, which will improve the production economy, Khudalov notes.
Platinum reserves in the world amount to about 69 thousand tons, of which about 60 thousand tons fall on South Africa, and about 10 thousand tons fall on Russia (about 15% of world reserves). “South Africa is much ahead of Russia in reserves, but there platinum is located at a considerable depth (reserves of readily available deposits are depleted) and there is a shortage of energy,” notes Khudalov