Member Info for UpDownFlat

just a new bunch of plunderers, there’s nothing ethical about this lot.

I am was originally torn between calling this ignorance or malice, but I can’t call it ignorance one more time, the last time, was just that the last time. Its malice and corruption.

Maybe in a few years’ time when there is a new BOD Pavel and Denis will be roommates

Watching a slow-motion theft of assets happing

Watching a slow motion

KRSS, you really said something quite important

They have just lost the moral high ground. What right do they now have to produce a report on the corruption of the previous management ? None, they are obviously just as corrupt.

Does matter if it moves up a few pence now. Most probably gold anyway. They are selling $100m asset for $10m

I some insider somewhere benefits from this. If Gazprom will give up the guarantee for an assetless company in Germany, why not give it up for a company with Assets in the Amur region?

2 years ago when it was losing money, "it was apparently worth $10m", 2 years later and it's now in the hotest sector in the world and will gererate more free cash than POG this year and its been given away for $10m.

I am going mad, Rusty, Lawrence and Freddie are making perfect sense

Back to the bad old days of corruption

The iron ore industry is one of the most profitable industries in the world at the moment.

Maybe Lawrence is right, they are destroying the assets value of the company.

Its clearly worth $80m+

But ..... IRC's EBITDA will be higher than POG's EBITDA this year? IRC's FCF will be higher than POG's FCF this year. It is insane to get rid of it to eradicate a loan guarantee that could be very simply remove by IRC refinancing itself.

"the terms of the Proposed Transaction remain as set out in the Agreement and as announced on 18 March 2020.

It mentions same terms as before on the website. Also in the FY2020 YE call, Denis said in response to a question that the potential aim of selling IRC was about just getting rid of the loan guarantee.

IRC could have refinanced themselves without the loan guarantee

The James Cameron is not the brightest of people.