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Why does the Alien website still shows background pictures of the San Jose mine that Arian made a pig's ear of? Also Companies House indicates that Alien Metals is just a change of name from Arian Silver Corporation plus Jim Williams the ex-CEO of Arian is now a major shareholder in Alien. It all looks a bit murky to me.
Sprott getting keen too:
http://www.sprott.com/insights/the-palladium-play-part-1/
Palladium: The White-Hot Metal Climbed 18% in 2018 and Doubled in Three Years
Palladium has been on a multi-year run that shows few signs of abating. For the tumultuous market year 2018, spot palladium gained 18.6% and is up 124% since the beginning of 2016. In comparison, spot gold, platinum and silver all declined last year (1.6%, 14.5%, and 8.5%, respectively), while U.S. equities lost 4.4% in 2018, as measured by the S&P 500 Total Return Index.1
Palladium is close to becoming the most “precious” of precious metals. Palladium passed the $1,000 per ounce mark in late 2017 for the first time since 2001. Palladium’s momentum accelerated in 2018, with its $1,262 price-per-ounce edging close to gold’s $1,282 price by year-end.
It's a typo - I think they meant Ailing Metals :)
Still keeping an eye on this one after more promising news about drilling results today. Saw a recent interview with Sergei Stefanovich and Alexander Yakubchuk who said Orsu might relist in London too. According to the website seems directors and insiders own 35% of the shares.
https://www.youtube.com/watch?v=F6VquJttGDc
plus good interview with Sergei Kurzin:
https://www.youtube.com/watch?v=jDarwEslyos
TDT
"In a situation like this if the public record shows Kipford Ventures Limited being owned by L.Ananieva there's always the suspicion that the real owner is somebody entirely different."
Exactly my thoughts and I'd guess the Russian authorities think likewise. I'd be surprised if L.Ananieva even knew she was the owner!
Hi, I've just woken up myself - going to bed at 4am is not recommended!
Yes, I asked myself the same questions you did and wondered how L.Ananieva's ownership squared with Platinum Nominees Limited being the sole executive body as I don't know the legal implications of BVI law. I'm curious why people associated with Fesco and Magomedov would be involved at all and the very fact that these companies are interlinked in a convoluted way in the BVI and elsewhere doesn't look good to me. After all the main characters are deeply mired in controversy and coincidentally at the same time.
At the same time the Ananiev brothers are involved in court cases and are having their business empire dismantled it happens that another oligarch Ziyavudin Magomedov is being put through the wringer and has been remanded in custody until 5th November 2018 on suspicion of establishing a criminal syndicate, fraud, embezzlement and circulating arms. On checking for other references to Kipford Ventures Limited the following link cropped up for a PDF file showing the affiliates of Promsvyazbank:
http://www.e-disclosure.ru/portal/FileLoad.ashx?Fileid=1294054
On page 65 under item 42 it states that Platinum Nominees Limited is the sole executive body of Kipford Ventures Limited. So even though we were told Kipford Ventures Limited is wholly owned by L.Ananieva how does that square with Platinum Nominees Limited being the sole executive body? Platinum Nominees Limited is registered at Trident Chambers, Road Town, Tortola, Virgin Islands and also at Companies House. Under the Companies House record for Platinum Nominees Limited it shows Fesco Management as an appointment. Following the Fesco Management filing history it refers to two persons Konstantin Privalov and Joel Matthews McDonald. From the Companies House returns for Fesco Management it shows that the Corporate Name is Nyor Investments Limited and Fesco Management is an alternative name to carry on business in the UK. Nyor Investments Limited isn’t registered at Companies House. To cut a long story short it seems possible the trail leads to Fesco - it is a very large transportation and shipping company owned by the Summa Group and the latter is headed by Ziyavudin Magomedov who is having the book thrown at him in Russia. Whichever of these players has claim to the Kipford Ventures 15% stake in EUA I can’t see it being approved by the Russian authorities as Monchetundra is of strategic importance. Anyway, looks like the authorities have enough “leverage” get things moving. The sooner this is sorted the better.
Not sure of the relevance to today's rise but looks like Vneshtorgbank (VTB), which is 60% owned by the Russian govt, now has a window to buy Vozrozhdenie bank belonging to the Ananievs. Interesting the Moscow Arbitration Court sits tomorrow for further deliberations. Let the horsetrading commence!
https://www.vedomosti.ru/finance/articles/2018/08/07/777603-vtb-pokupat
VTB can buy Vozrozhdenie Bank
The London court unfrozen bank shares and other assets of the Ananiev brothers
August 7, 20:29
The High Court of London lifted the arrest of the assets of the brothers Alexei and Dmitry Ananiev, including the shares of the bank Vozrozhdenie, which was on sale, the Myddleton Communications agency said in a press release. It represents the interests of holders of credit notes Peters International (Cayman) ltd. - this company, affiliated with the bank, in early 2017, placed notes under the guarantees of Ananievs. After in December the Central Bank took Promsvyazbank for reorganization to the Fund for the Consolidation of the Banking Sector, the papers stopped being serviced and investors went to court.
Yes, being subject to the vagaries of commercial and international law is to be avoided if possible and as the Netherlands is involved I half expect the EU to poke its nose in too, god the thought! If Queeld's 15% holding is in the mix and up for grabs I suppose it will have to go to an approved buyer - !'n sure Dmitry will have someone in mind!
Only just found this but looks like court proceedings are ongoing in Moscow involving the Ananiev brothers and their Promsvyaz Capital registered in the Netherlands. The court has postponed preliminary hearings until 9th August. Not sure if this will involve Queeld Ventures or Kipford Ventures (the latter being the owner of Queeld Ventures) and Kipford Ventures is subsequently owned by L.Ananieva. So if the assets of the Ananiev brothers involve Queeld Ventures it could delay Dmitry Medvedev's signature.
This is the link (with a Google transaltion):
https://arb.ru/b2b/news/sud_vernetsya_9_avgusta_k_sporu_promsvyazbanka_s_10_kompaniyami_na_32_mlrd_rub_i-10218271/
The court will return on August 9 to the dispute between Promsvyazbank and 10 companies for 32 billion rubles and $ 505 million
07/31/2018 \ NEWS OF THE FINANCIAL SECTOR
MOSCOW, July 31 - Prime . The Moscow Arbitration Court postponed on August 9 preliminary hearings on the lawsuit of Promsvyazbank to the Netherlands company Promsvyaz Capital BV, through which the brothers Dmitry and Alexey Ananyev previously controlled the bank, and another nine foreign companies, the RIA Novosticorrespondent reports from the courtroom.
In this claim, Promsvyazbank, in the person of the interim administration, demands that transactions with securities of the bank and related companies that the shareholders of the bank sell to the bank on December 14, the day before the announcement of the rehabilitation ofPromsvyazbank and the introduction of the provisional administration, be invalidated .According to the representative of the bank, the transactions were committed in violation of the law with unequal counter satisfaction.
Promsvyazbank also requires the consequences of invalidity to be applied in the form of repayment to the bank of cash in the amount of more than 32 billion rubles and 505 million dollars. In addition to Promsvyaz Capital, the defendants in the suit include, in particular, the Cypriot company Bimersano Services Ltd, which owned approximately 10% of Promsvyazbank, as well as the shareholders of Bank Vozrozhdenie, which is part of the same group as Promsvyazbank, and other legal entities, all foreign.
A representative of Promsvyaz Capital on Tuesday asked to suspend the proceedings on the case before the entry into force of decisions on two other arbitration cases in which this company, as well as the former chairman of the board of directors of the PSB Dmitry Ananiev,challenged the orders of the Central Bank to introduce temporary administration into the PSB and reduce the bank's capital to 1 ruble. The court rejected this petition. The hearings were postponed so that the defendants could get acquainted with the additions to the suit presented in the materials of the DPM case.
Moscow's arbitration in January, on the application of Promsvyazbank, seized 36.31% of Bank Vozrozhdenie shares, as well as over 60.8 billion rubles in cash on the accounts of ten foreign companies
Sprott website recently posted a recommendation for platinum too let's hope it's all coming for for EUA:
https://www.sprottmedia.com/the-merits-of-platinum/
See Dmitry Medvedev is chairing a meeting of the Eurasian Intergovernmental Council in St Petersburg from 26 to 27 July meanwhile at the same time the BRICS Summit is being held in Jo'burg from 25 to 27 July with Putin and Xi rubbing shoulders - would be a nice touch to get THE signature by Friday.
I doubt all the political implications associated with the oligarchs have been fully thought through and I'd expect that weighs on Medvedev as he'll be carrying the can. I feel confident he will sign as any stumbling blocks don't seem that great especially considering the obstacles EUA have overcome over so many years.
That's all very interesting stuff especially about Colonel Zakharchenko because Vozrozhdeniye a subsidiary bank of the Ananievs was taken over by the authorities and apparently is now used for military and defence purchases I believe.
You ask: "Just as well Queeld Ventures Ltd is in the wife's name! Will they get away with that?"
Officially I suppose it's OK but that's why I mentioned "horsetrading and other unsubtle forms of pressure" - the authorities must have tons of compromat - it will be interesting to see what happens - the sharks will be circling to grab what assets are on offer I'm sure.
I noticed on the CNN list it included Ziyavudin Magomedov (CNN spelled his surname as MAGORMEDOV) which reminded me that an Alexei Churakov bought into EUA I thought as a private individual back in Nov 2017 but he worked or works for the Summa Group which is owned by Ziyavudin Magomedov the latter being held for the last 4 months in detention for suspected racketeering and fraud - it makes me wonder if Aleksei Churakov was acting only for himself.
This is starting to sound like an episode of Columbo, only more interesting!!
TDT
Funnily enough it was your recent comment that caught my attention and spurred me to take a closer look:
"The contract is conditional on, amongst other things, the Company receiving all the necessary permits from the government and therefore at this stage there is no guarantee that the transaction will complete."
It seems the Ananievs have been under the microscope for at least 6 years and it looks like they're under serious pressure having to divest many assets in Russia after apparently bringing Promsvyazbank to its knees. Totally by coincidence I found this fascinating article on the following link, but it's only a Google translation so treat with caution, detailing a London court decision last Monday (16th July, 2018) whereby their banking assets have been seized.
It looks the Russian authorities weren't going to let a 15% stake in a strategic asset like Monchetundra EUA be taken offshore by what are seen as unsafe hands. I guess there's a lot of horsetrading and other unsubtle forms of pressure being applied behind the scenes. I hope Dmitry Suschov gets a clean bill of health!
https://translate.google.cz/translate?hl=en&sl=ru&u=https://rucompromat.com/articles/vyisokiy_sud_londona_arestoval_aktivyi_alekseya_i_dmitriya_ananevyih_v_velikobritanii
Bought in here recently and did some checking on Queeld Ventures Ltd - boy, talk about gong down the rabbit hole! Queeld Ventures is owned by Kipford Ventures Ltd which is owned by L.Ananieva who I believe is Dmitry Ananiev's wife residing in Cyprus. Seems over the last 6 months the brothers Alexei and Dmitry Ananiev have come under scrutiny of the Russian authorities and have been forced to "reorganise" certain banking assets. My take is that Medvedev wouldn't sign off on Monchetundra until the Ananievs were cleared. Apparently Alexei and Dmitry Ananiev left for London in Dec 2017 but returned to Russia to sort things our. There is an intriguing Ananiev connection with Urgula Platinum Ltd registered at Companies House where only in the last few weeks there have been lots of resignations and 2 interesting appointments particularly that of Sofia Ioannidou who was appointed on 9th July 2018 and as far as I can tell is an investment director at Edmond de Rothschild Investment Partners.
Have Eurasia Mining timed things right for a change? :)
https://www.sprottmedia.com/the-merits-of-platinum/
The Merits of Going Platinum In a Market Overwhelmed By Gold
July 09, 2018
By Trevor Raymond, Director of Research, World Platinum Investment Council
The unfolding shift in the economic cycle is likely to see inflation and volatility in financial markets return to the fray. Investors are rightly, therefore, re-exploring the benefits that precious-metals exposure can bring to a portfolio. Many investors in this asset class are reluctant to look beyond the initial glitter of gold and, hence, we believe that platinum at present prices represents a fascinating contrarian trade.
AS GOOD AS GOLD?
Gold’s continued push toward five-year highs is evidence of the market’s growing demand for safe-haven physical assets amid tightening global economic conditions. Gold is now arguably overbought, and it is worth reminding the market that the long-term investment qualities so coveted in gold are also present in platinum — a much rarer precious metal with a more compelling value/price story to tell.