Phoenix Global Resources Share Discussion Threads

[treacle32] 05/8/2014 09:45

Yep - someone still acquiring it seems though. 2.60m buy order on the bid again along with PEEL still the leading MM on the bid too.

[genises] 05/8/2014 09:40

Puts people off seeing a spread of 50%.

[treacle32] 05/8/2014 08:01

0.12p paid.

Spread smaller than shown.

[treacle32] 04/8/2014 20:22

New bulls issued tonight.

4-Aug-14
0.12 Bull Kijun Sen Cross Strong
" Bull Kumo Breakout

Type in PGR

[treacle32] 04/8/2014 20:15

Having considered evidence in Tribunal proceedings on December 31, 2013, February 6, 2014, March 3, 2014, March 31, 2014 and April 29-30 2014, the Tribunal ruled in favour of Stans:

To dismiss a motion of April 25, 2014 by the Government of the Kyrgyz Republic on postponement of the dispute resolution until the claim is considered at the local Moscow Arbitration Court (the "Court") on jurisdiction of the Tribunal.
To recognize the Tribunal's jurisdiction to consider a matter representing Stans Energy Corp. of Canada and Kutisay Mining of Kyrgyzstan (together "the Claimants") against the Government of the Kyrgyz Republic.
To recover from the Government of the Kyrgyz Republic in favour of the Claimants USD $117,738,940.30 owing under this claim, and USD $158,974.00 for the arbitration fees paid by the Claimants, and USD $308,142.50 for the Claimant's legal fees and expenses.

The total amount awarded for recovery by the Claimant is USD $118,206,056.80.

[treacle32] 04/8/2014 20:12

July 14, 2014 by Stans Energy

Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), ("Stans" or the "Company") reports that it has sent a letter to Prime Minister Djoomart K. Otorbaev of the Kyrgyz Republic requesting payment of USD $118,206,056.80.

According to Article 56 of the Arbitration Rules of the Arbitration Court at the Moscow Chamber of Commerce and Industry (the "Tribunal"); "the award of the Tribunal shall enter into force on the date of making the award. The award of the Tribunal shall be final and binding on the parties and is not subject to appeal. Parties are under an obligation to voluntarily execute the award of the Tribunal."

Therefore, the award of the Tribunal entered into force on June 30, 2014. This date shall be final and binding for execution by the Kyrgyz Republic. Should the Kyrgyz Republic not respond to the request for payment, the Company will begin seeking redress through other avenues.

[treacle32] 04/8/2014 20:10

Costed Stan only around $300,000 for their tribunal in Moscow - very quick duration too. Stan wrote to their prime minister for the monies a day before PGR lawyers wrote to them too and submitted their notice claim. The pressure must be on and imo any windfall of £20m without tribunal or go back in the ground for which we are fully funded and for the drilling via £1m convertible loan from instituitional investor. One of the better juniors and minimal issue of shares over the years after the directors stumped up £120,000 at 0.40p within the big fundraising at that price.

[vauch] 04/8/2014 16:07

BLA BLA BLA.

[the stigologist] 04/8/2014 15:29

R G Fletcher
4 Aug'14 - 15:24 - 31 of 33 0 0

By RFE/RL's Kyrgyz Service

May 29, 2014



A
Bishkek court is set to decide whether the head of a state-owned gold producer will remain in pretrial detention on allegations of financial fraud.

Dilger Japarov, head of the firm Kyrgyzaltyn, was arrested on May 28 on charges of illegally transferring $200 million of company funds into bank accounts of the Canadian firm Centerra Gold.

Centerra Gold owns and operates the Kumtor gold mine in northwestern Kyrgyzstan through its subsidiary, Kumtor Gold Company.

But the Kyrgyz government renegotiated its contract with Centerra in 2009, increasing its ownership in Centerra Gold to 33 percent.

Japarov says the money he transferred to Centerra Gold in December 2013 represented dividends Centerra had earned from its shares in Kumtor Gold Company.

Kyrgyz authorities say the transfer required prior government approval.

R G Fletcher
4 Aug'14 - 15:27 - 32 of 33 0 0

Pretty hard place to run a gold mining operation it would seem and that's for MASSIVE companies like Centerra with massive resources ,lawyers.money etc etc
So how will a minnow cope ?

[the stigologist] 04/8/2014 10:52

legal action very expensive

especially international legal action

placing on the way ?

[treacle32] 04/8/2014 10:28

200 day ma now at 0.13p and inside the bollinger band. Good possibility of over a 1 million ounces of gold with possible silver too I believe.

Still 0.15p offer. News can't be far away now and massive re-rating.

£20m is one of the possible outcomes as stated in the June 2014 RNS which equates to 1.50p against current piddly mkt cap of 1.40m.

"The Company notes speculation in the press that such claims may amount to approximately US$35 million and confirms that this is one of a number of possible outcomes. The Company stresses that at this stage it is a notice of claims and accordingly no legal action has yet been commenced".

[the stigologist] 04/8/2014 08:57

desperate ramper ^

[treacle32] 04/8/2014 08:01

0.15p offer?

Over 10 bagger in the making.

[the stigologist] 03/8/2014 12:16

About to run out of money

desperate antics from the Company

"The Company had cash and cash equivalents at 31 December 2013 of £274,539 (2012: £181,857)."

[treacle32] 03/8/2014 11:20

Never knew 3 months also had been quoted - 1 1/2 months have past sinced. And a minister in their government told reporters around 08 July 2014 that protests against mining were to end in a short time. Still no RNS even now on who acquired 83m off Lanstead and the other exchange of shares worth around 77m on the same day at 0.14p. £20m equates to around 1.50p - more than a 10 bagger.

DWFM Beckman mentioned in The Sunday Times
June 16th, 2014 by DWFM Beckman

Miner in £20m battle for gold

15th June 2014

by Matthew Goodman

A GOLD mining company chaired by the Conservative MP Bob Stewart is threatening to sue Kyrgyzstan's government for $35m (£20m) over security lapses that are preventing it from developing a mine in the region.

Lawyers for the AIM-listed Premier Gold Resources have demanded that the Kyrgyz government resolve the situation in three months or face legal action. They claim the authorities are in breach of a treaty signed in 1994 under which Kyrgyzstan was to provide full protection to British companies operating there.

In the letter to the Kyrgyz prime minister, Djoomart Otorbaev, a copy of which has been seen by The Sunday Times, Premier Gold's adviser, DWFM Beckman, claims the company has not been able to work on the mine since June 2012, when a campsite was invaded by 70 protesters. They say the locals threatened to harm workers and destroy equipment unless the site was relinquished.

The lawyers state that the government has failed to provide proper security and the police have not acted "effectively". Stewart, who commanded British forces in Bosnia, has visited the country three times to try to resolve the situation.

The $35m in compensation would cover outgoings including investment on geological surveys and losses from being unable to drill.

The company declined to comment but a source said: "I think the Kyrgyz government genuinely wants to resolve the problem but it seems unable to deal with locals." The Kyrgyz embassy in London declined to comment.

At its annual results this month, Premier Gold said it was working towards a resolution. Its shares have slumped by 65% in a year. They closed on Friday at 0.1p, valuing the business at £1.3m.

[genises] 02/8/2014 23:28

Gramophone record still playing yawn

[the stigologist] 02/8/2014 22:56

chart rolling over to 0.05

[treacle32] 01/8/2014 15:27

2m buy at 0.11p.

[treacle32] 01/8/2014 12:35

4.60m on the bid v 1m on offer.

Buyer still accumulating imo.

[the stigologist] 01/8/2014 12:24

zero posts on PGR now

all over UTN

[treacle32] 01/8/2014 12:24

Costumes? Costumes? Costumes? 1 Person?

Mike111D
1 Aug'14 - 12:16 - 3831 of 3832 0 1 (Filtered)

The Stigologist
1 Aug'14 - 12:22 - 3832 of 3832 0 1 (Filtered)

[the stigologist] 01/8/2014 12:22

treacles selling out

[mike111d] 01/8/2014 12:16

Down again on a 2m sell, is reality starting to hit home?

[treacle32] 31/7/2014 11:52

Another costume of the troll?

Stick to PGR - filtered.