RE: On the downside we have;18 Jul 2023 09:27
The licences are owned by Russian subsidiaries they are not in Eurasia's name, therefore, the Russian govt can do as they please, they can revoke the licences and take them back and then the mines are rendered useless in any event, and they will go back to the State. It was always one hell of a risk, but made worse by the games played! The quagmire is so messy with subsidiaries in Cyprus, Cyprus being offshore territory, monies held where no one really knows as they don't say, nothing is touchable for UK shareholders, the assets on russian soil, monies as said held where? certainly not in the UK, and then the High Court litigation, what company in their right mind would get themselves involved in such litigation with a major shareholder? it's clear as daylight the company didn't want Queeld selling over 300 million shares on to the market when they were about to do a placing, clear as daylight, and so Queeld were estopped, because the company refused to replace their lost certificate, and the same for Mispare. Biggest question still unaswered for me is, why did the previous Irelands, walk, without any notice? Why? what did they see and find that they didn't like which led them to just walk? imo of course.