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No one would be mining WK not in the middle of February, the ground is frozen solid and the frigid temperatures impact water supply, season starts mid-late May.
However apart from maintenance we see what looked to be some form of preperation or exploration work taking place at WK?
We also had over 10 new job roles advertised by Kosvinsky Kamen, so where is the money coming from to pay these salary's who is paying the salary's and why advertise these roles post wining an important tax dispute in the Russian courts?
Someone going mining perhaps?
That $61 billion is not going to the Ukraine that is going to US arms manufacturers to re supply the US the Ukraine will see a tiny % all semantics and political blackmail of the worst kind.
The Ukraine need a new fully equipped and well trained army of competent soldiers with endless supply’s of self produced industrialised arms and ammunition.
They have neither the man power manufacturing or training capacity money will not build what they need, the fall of Avdviika a tragic example of a country falling to pieces, no economy an army obliterated with incompetent political ‘allies’ who should have known better given their history.
Whoever it is it's just a figurehead the more maleable for them the better, they could put a cardboard cut out in place same result.
When your perceived enemy is making mistake after mistake don’t interrupt them.
IMO Biden surely cannot stand for re-election too far gone sure Putin knows it like we know it, I’m betting on an Obama name last minute substitute and God bless the USA….🤭
No one will be 'mining' or digging holes until it warms up and thaws the temperatures friggid and the ground frozen.
The activity and clearence is interesting if linked to the current area or future mining activity this year is the question?
BEIJING, Dec 7 (Reuters) - China-Russia trade hit $218.2 billion during January-November, Chinese customs data showed on Thursday, achieving the goal that had been set by the two countries in 2019 a year ahead of schedule.
The two-way trade value in the first 11 months also surpassed the total for all of 2022, according to the data by China's General Administration of Customs, securing 2023 a year to witness new record high of bilateral trade.
In 2019, China and Russia agreed to increase trade to $200 billion by 2024 from $107 billion in 2018.
The world's second-largest economy has emerged as a major economic lifeline for Russia which is under Western sanctions amid the ongoing Russia-Ukraine war.
For November alone, bilateral trade value surged to $21.5 billion, the highest since February 2022 when the Ukraine war began.
Chinese shipments to Russia rose 34% to $10.3 billion in November from a year earlier, doubling the growth rate of 17% in October, Reuters calculations based on customs data showed.
As Russia became a major buyer of Chinese cars, China hopes Russia will give policy support for Chinese automobile enterprises to produce, sell and operate in Russia, China's ambassador to Russia said last month.
Imports from Russia rose 6% to $11.2 billion last month after growing 9% in October.
Morning LB, good to know your still operating the satellite :)
Interesting to see the changes not too surprised after winning the tax case and understanding KK have opened up job positions, I was also of the opinion someone was being economical with the truth and more importantly someone was getting ready to mine this year?
Your images support that opinion appreciate the upload, nice work.
The EU sent an aid package of €50 billion last month to keep the lights on.
The US package is to provide more arms which in effect $60 billion is spent in the US via the military industrial complex which the current swamp I suspect are invested heavily in.
Let’s see if this latest massive grift gets through the house, hope not and agree with Musk.
Saint referenced it but as yesterday don't forget they have zero standing or relationship with the RF in the country we hold assets in.
So any influence from them is unlikely to be viewed positively, also the the current BoD have a good working relationship in the RF.
QVL lawyers careful, thin ice to say the least warned about this yesterday.
'Let the shareholders decide what is a reasonable offer. If not reasonable it will be rejected by the majority. If reasonable accepted. Not difficult'
If the BoD recieved a binding offer for one asset or the lot, I would think this would be the procedure they would have to present the offer to the SH's in order to vote it through?
In the circumstances I should think anything remotely reasonable would be accepted?
'It’s clear you are fearful of such a situation maybe due to locking you in if suspended'
TBH with you I concur with your thinking so for example if this were potentially a possibility then would have preferred it a higher price (wouldn't we all) say 3p as an example?
ie; we are suspended until further notice pending confirmation of sale?
However....I am quite sure I am correct in saying that is not a possibility as it is not binding it may be one (I am unsure on this) if there is a binding offer or if for example a piece of news of that nature were leaked that did not come from company (RNS) official source?
That is my understanding happy to be corrected if wrong?
'You don’t get it do you?'
Unless you have a legitimate reason for suspension you cannot suspend, I don't mean your way specifically I mean the company and SH's? I cannot think of a reason why they would allow the company to suspend what are they say?
We are not mining - well thats cos you stated you are selling ?
Sanctions - we are not sanctioned?
No money - just recieved a tax payment set for others and a vat rebate?
It's not sticking up for the BoD actually it's to the contrary I see no reason why the market or regulators would allow the company to suspend in this instance?
You cannot simply suspend a company on an index just cos things are not going your way, unforseen circumstances are all part of the investment risk as are unexpected wind falls for example.
As for the company requiring a CEO unless we are mining (not ruling that out in future) whats the point it won't change anything, actually sorry it will it will increase the company wage bill.
We are where we are, but we have money in the bank and more due from tax and vat returns and are in a sales process either believe that, switch off or pack in?
Fair play Del, good analogy 😁
Only a week after Victoria Nuland visiting telling the world all was harmonious and together in Kiev?
They have totally lost the plot, did they ever have one in the first place what a mess.
How are you expecting them to persue more licences when it's quite clear they would be sanctioned for doing so?
As for mining, there was a obvious reason why they would not mine last year, just as there is why they (or someone) should this year.
Dear me.
HaHa....thick as mince :D
Indeed Summit thats why I confirmed in previous posts my support for the letter.
In regards to CS IMO ATM with the company projects moth balled and with the new co sec Anna I would have thought his tasks are on only when need basis....bwtfdik?
*Mining WK and the drag line may be relavnt to the open positions at KK, but now the tax issue is resolved I also see no reason for us/a buyer not to mine WK?
I don't think anything negative about the letter and see this as a request for latest update and transparency where we are along with plan for resolution/progress, which we all want in regards to better comms?
My concern is new people costing the company a load of money and achieving f**k all....we can do that already on less :D