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In regards to CS ‘he stood down operations to persue and asset sale that will never happen’?
Firstly CS is not Pol Pot board decisions are taken by the board.
Operations were stood down for a valid reason qualified by the recent court case win and re commenced activity which we await detail of/who is involved?
Consider the fact also CS invested and founded and analysed a great deal of a 25 year project when no one else was interested.
Yes tax and vat rebates though aside from the initial sum received I know not the amount received to date?
And the tax case won a significant reduction hence increment in margin 22% > 6% I think (approx) which coincides with the activity since the case was won (confirmed via satellite 🛰️)
You will not be grilling them on the 8th May the EGM is the subsidery Kosvinsky Kamen, hopefully you should get an opportunity a little later in the year?
Del makes some interesting points and not everything I disagree with but removing the entire BoD, contacting QVL solicitors are IMV opinions which are knee jerk and disasterous.
He is also completely wrong in regards to at least one court case which not only funded EUA but enabled us or another to commence operations again.
The court case win in Moscow is not even 6 months ago, since that time we know a considerable operation has commenced at WK this backed up by most recent satellite images.
We do know KK the sub has considerable funds and has advertised new mining roles wether this activity is on behalf of the company or another remains to be seen, we are aware the sub has a EGM 08 May which may be relevant to funds and or operations, but also it may not?
We also know the QVL court decision is in June and this has potential to result in favour of a separate claimant as the shareholder?
Either way there appears to be extensive operations commenced at WK which may be relevant to the aforementioned news pending perhaps reason for silence this we should be informed of when deemed appropriate, a further possibility IMV given the geo political mess until we have clear and concise news to report we continue to wait until the AGM, but I feel we will have an update before this time?
'My view is that there’s absolutely no reason why further upgrade to the reserves and resources at MT cannot continue whilst sale negotiations are ongoing'
What sort of financing/money would be required in order to further upgrade resources as the company have already confirmed a DFS which thet state improved the previous analysis and F/S? And where would this financing be sourced (assuming you are thinking from sales generated via WK, which the company has yet to confirm)?
Also in the current geo political climate how do you envisage further work to potentially upgrade the resource(s) to be a worth while business decision given the potential ramifications regards to potential current and future sanctions in the region and impact to potential sale which one would sensibly estimate not to be sold at prime (pre war) value previously estimated?
No I cannot as it is in PDF format not a link and that cannot be copied from telegram.
It is however logged under Kosvinsky Stone corperate action number: 913361
Recorded 15 April 24
Date planned 08 May 24
'The KK EGM could provide some clarity' - I would hope so we shall see?
Also coming up June sometime is the conclusion of the QVL case.
As frustrating as the wait is we due considerable news over the next couple of months.
In regards to your point about 'activity cost and the concentrate' you are right on all those points and this is where the intrigue appeared in regards to the Kosvinsky Kamen recent financial results and increase in revenue (it seems something was sold they have plenty of cash).
Then to add to that we also know they have an EGM on 08 May which alluded to cash transfer?
To summurise something is clearly going which I also have absolutely no idea, however given what we do know (as limited as it is) I think it positive development.
*Very importnant point also to note - this activity began in earnest with job positions opened up at KK after the case in regards to the tax was won in court reducing tax down to 6%.
I guess someone will tell you it's a conspiracy, well let's see how this plays out over the next year to date it's been a disaster for the west in every single area, militarily, economically and politically.
Rollovers
One small step for man one giant step for man kind.
To add....moon landings are not included, sorry Rich :D
CTC, Letbe or whaterver your latest moniker is called.
For the record nothing I have said is conspiracy it might not be palatable to many but it's public knowledge read and commented on by many others not just me, either right or wrong divisive or not I stand by it I am not saying it for a popularity contest.
If KK the sub are holding an EGM 08 May relevant to some kind of financial change or transfer it might be possible EUA do not update until after this date?
It was the same when we highlighted the Trav license they just poured scorn ridicule and made out it was a ramp.
Talking of Trav a reminder….
Tier-1 scale Nickel deposit with JORC MRE containing: 305Kt Nickel, 143Kt Copper, and 57 tonnes PGM and Gold (11.2Moz of Platinum equivalent) estimated by Wardell Armstrong International (WAI) as JORC-compliant resources for a step room and pillar mining operation, with nickel comprising half of the value in the metal basket on a Net Smelter Royalty basis. Significant drilling campaigns (total of 75.6km) focussed on base metals exploration were undertaken by predecessors Norilsk and Rosgeo.
43 recommendations 🤣 and then some.
JG's video confirms multiple satellite images we have seen on various social media platforms of work ongoing at WK, green envy all round cos no one bothers reading their crap.
Facts = Ramp 🤔
Perhaps this is the thread to encourage los amigos to pipe up? 🎶 🤣🤣🤣
Yes seems plausable the recent KK docs showed a cash increment so something appears to have been sold, by that I mean the concentrate?
Great to see WK active next updates should be interesting.
Nice work, further evidence someone is operating at WK along with the job positions opened up a KK over the past few months.
I wonder if there is a correlation to their EGM 08 May?
I don’t know what the context of it is interesting they have called an EGM at this time for holders here I hope it’s positive?