Esr 2022 Share Discussion Threads

[safman] 08/1/2009 18:09

best of luck tricky, i'm rather hoping an RTO..in either GOLD/SILVER or agriculture.... mind you, silver has been an interesting commodity over the last few weeks..

no gold default on the comex in DEC..

saffy..

[tricky1992000] 08/1/2009 17:54

i am half tempted just to buy 3% just to create an rns ;)

[safman] 08/1/2009 11:40

morning..

smallish buy on my screen just over 1.5% ..

interesting to see a lot of commodity stock going up.. esp explorers, speculative, but probably hardest hit..

saffy..

[safman] 07/1/2009 21:49

tricky, interesting projects on that list.. always interested reading up what is on offer, and i'm sure there will be a few projects about..

with oriel going for 750mill, i think the addition of Petro Mychalkiw will be pivitol for EVE..

saffy..

[safman] 07/1/2009 19:18

tricky, i think the reaction of AGU i.e. up 500% at one stage says how oversold a lot things are ..

with regards for oriel, went for about 750 million.. if i remember correctly..

saffy..

[tricky1992000] 07/1/2009 19:09

you know, i watched oriel resources for about a year, so annoying when it got took over for the price it did.

[safman] 07/1/2009 18:53

Well, the markets have been oversold significantly, and buyers are coming back.. ideally, gold or industrial metals.. the latter is incredibly oversold..

interested in other markets as well..

saffy..

[tricky1992000] 07/1/2009 18:49

i have updated the above post

I think tin might be the way to go actually.

[safman] 07/1/2009 18:46

tricky, i've never seen a shell valued so lowly, correct a shell, but both people have experience in the mining sectors..

The strategy is as per last results..

"Everfor's new investment strategy is to invest in the mining of natural resources of any nature whatsoever primarily in Russia, Kazakhstan and Kyrgyzstan."

it is high risk, hence a couple of hundred quid on the risk.. i hold a few..

saffy..

[tricky1992000] 07/1/2009 18:42

it's a shell..........

i would rather see what gets inserted first.

though i am not short of ideas though, perhaps the directors should check this directory out.

[safman] 07/1/2009 18:30

Everfor Resources

Shares in Issue 4,942,715

Current Spread = 0.6/0.75p

Current Market Cap = £33,500


holdings from Nov 08..

Credit Suisse Client Nominees (UK) Limited 1,266,666 25.62%
Forest Nominees Limited 516,908 10.45%
Ferlim Nominees Limited 500,000 10.11%
Securities Services Nominees Limited 458,201 9.27%
Rensburg Sheppards Investment Management Limited 275,000 5.56%
T. Hoare Nominees Limited 256,666 5.19%
Pinnacle Trustees Limited 225,000 4.55%
HSBC Global Custody Nominee (UK) Limited 210,874 4.26%
Dr Sergey V Kurzin 162,500 3.28%

People

Dr. Sergey V. Kurzin

Dr. Sergey V. Kurzin is a Russian-born research engineer who moved to the United Kingdom in 1990 and has played a key role in initiatives to acquire and progress several important Former Soviet Union mining assets. These include Julietta (a high grade gold deposit in Magadan, Russia with Bema Gold), Kupol (a high grade epithermal gold deposit in Chukotka, Russia also with with Bema Gold), the Varvarinskoye copper and gold skarn deposit in Kazakhstan with European Minerals Corporation. He also played a key role in establishing UrAsia Energy Ltd, a uranium producer with mining operations in The Republic of Kazakhstan.



Sergey has been an officer and consultant for the following companies active in the FSU:

Bema Gold - consultant on Kupol and Julietta gold developments
Arian Resources Corp. (acquired by Bema) – ex. VP Corporate Development
European Mineral Corporation - ex. VP Corporate Development
Consolidated Puma Minerals Corp. - PGM in Kola Peninsula, Russia
Zincox - Zinc project in Kazakhstan
Eurasia Mining plc - PGM projects in Russia


Petro Mychalkiw – Chief Financial Officer

Mr Petro Mychalkiw, British, was previously Oriel Resources plc's Treasurer and Head of Corporate Finance, where he was responsible for strategic financial and tax planning, treasury, mergers and acquisitions, debt and equity financing. Prior to that position, he was Oriel's Regional Finance Director, Kazakhstan during which time he was responsible for tax planning, contract negotiations and financial reporting and was a vital part of the team which not only secured December 2006's US$120m project financing deal for the Voskhod chrome project with the Eurasian Development Bank, Bayerische Hypo- und Vereinsbank AG and WestLB AG, but was awarded the prestigious 2006 European Mining Deal of the Year award from Project Finance Magazine. Prior to joining Oriel, British-born Petro held the position of Divisional Finance Director for Tribal Group plc, the LSE listed provider of consulting, IT and professional support services. He currently also holds the position of CFO of Orsu Metals Corporation.

Everfor is a cash shell.

"Everfor's new investment strategy is to invest in the mining of natural resources of any nature whatsoever primarily in Russia, Kazakhstan and Kyrgyzstan."

[safman] 07/1/2009 11:28

mkt cap now up to 40k.. lol..

saffy..

[safman] 06/1/2009 13:01

afternoon, 2% equity bought today by the looks of it..

holdings frm nov 08..

Credit Suisse Client Nominees (UK) Limited 1,266,666 25.62%
Forest Nominees Limited 516,908 10.45%
Ferlim Nominees Limited 500,000 10.11%
Securities Services Nominees Limited 458,201 9.27%
Rensburg Sheppards Investment Management Limited 275,000 5.56%
T. Hoare Nominees Limited 256,666 5.19%
Pinnacle Trustees Limited 225,000 4.55%
HSBC Global Custody Nominee (UK) Limited 210,874 4.26%
Dr Sergey V Kurzin 162,500 3.28%

saffy..

[safman] 02/1/2009 14:40

tempted to add here ..mkt cap around 31k.... ! time to average down..?

saffy..

[tt14] 25/9/2008 10:27

Executive Chairman, Dr Sergey V Kurzin commented:

"With a strong and experienced Board, the Company is in an excellent position to move forward with the acquisition of new projects which can be developed into significant resource deposits. Emerging growth opportunities are constantly being reviewed in an effort to identify those with strategic significance and the potential to be accretive to shareholder value."

...

[seagreen] 26/8/2008 09:17

oi I am a shell leave my share price alone it cant go any lower............8-)

[tt14] 02/7/2008 22:30

Its not going to take too much to move these shares; lets hope for some good news soon...

[magnus9] 26/6/2008 10:05

tt14
Yes, interesting. I wonder if we'll get some spin off from European Minerals or whether we'll be staying in Kola or perhaps there's something in Kazakhstan for us - a bog standard coal mine would do me as long as it's profitable!

According to their reports and accounts EVE, via Edlin Finance Ltd, owns 80% of each of the following companies which appear to be the main license holders. Perhaps they own licenses which will be of interest for the new Everfor Resources company.
From CKE's website (now taken down) a report showed the boards of these companies were/are composed as follows:

CENTRAL KOLA MINING:
Chairman - Sergei Vladimirovich Kurzin,
General Director - Fakhim Tazdinovich Gimatdinov
Don J. Duncan,
David Swan,
Yuri Ivanovich Radchenko,
Vladimir Petrovich Dubyagin


MINING & GEOLOGICAL COMPANY KEIV:
Chairman - Sergei Vladimirovich Kurzin
General Director - Vladimir Petrovich Dubyagin
Don J. Duncan
David Swan
Yuri Ivanovich Radchenko

OLENOGORSKAYA MINING & GEOLOGICAL COMPANY:
Chairman - Sergei Vladimirovich Kurzin
General Director – Vladimir Aleksandrovich Pavlov
Don J. Duncan
David Swan
Yuri Ivanovich Radchenko
Vladimir Petrovich Dubyagin

These appear to be the companies on which Dr.Kurzin is represented but there are several other companies which hold licences in the area where Mr.Dubyagin is a board member. BTW, Yuri Ivanovich Radchenko is an Ovoca Gold board member.

[tt14] 25/6/2008 21:09

Magnus 9,

This was taken from an RNS concerning European Minerals Corporation - 24 June 2008

Dr Sergey Vladimirovich Kurzin, aged 48, who has been appointed Executive Chairman of EMC, is or has been a
director of the following companies or partnerships in the last five years.

/T/

Current directorships

SJK Management Limited
Everfor Diamonds Plc ('Everfor')
Central Kola Mining & Geological
Company (subsidiary of Everfor)
Mining & Geological Company Keiv
(subsidiary of Everfor)
IPH Polychrom Holdings
(subsidiary of Oriel)
Geoinvest (subsidiary of Oriel)...

Very interesting...

For a fuller picture, read the RNS

[tt14] 15/6/2008 17:25

Magnus9

Its ok, I got the translation via google.

tt14

[tt14] 15/6/2008 16:01

Magnus9,

I don't suppose there is an English version of the Vedomosti report?

[tt14] 14/6/2008 18:27

Magnus9,

Maybe the Central Kola Expedition will somehow feature in Everfor Resources future..... Stranger things have happened!

That at least would solve any potential licence problems of the future...

[magnus9] 14/6/2008 14:53

tt14

I'm puzzled by the consolidation. As far as I know there are 200 million authorised 1p shares. If we have say 100 million 2p shares wouldn't the present share price be too low to allow fund raising? It all looks a bit of a mess really.

Dr.Kurzin and Petro Mychalkiw must be working overtime at the moment due to Lero Gold's "business combination" (whatever that is) with European Minerals Corp. Lero were due to hold a shareholders' meeting in Vancouver on 10 June concerning the business combination but it had to be postponed to 12 June due to legal action being taken against European Minerals. There doesn't appear to be any further news. I doubt if Everfor is top of their agenda at the moment!

It was interesting to see that the authoritative Russian newspaper Vedomosti said that Everfor had simply run out of money for further exploration work. This wasn't mentioned in any English reports as far as I can tell. I might be reading too much into things but it's curious that Vedomosti makes specific and repeated mention of the Central Kola Expedition and that it is a State concern. I wonder if Mr.Dubyagin was the CKE representative providing the quotes – after all he's the General Director of CKE and he's a consultant mentioned on Everfor's website.

To me, they seem to be suggesting it's the Russian government that's pulling the strings here. Could it be that the exploration work that has been done has in effect shown where commercial diamonds are NOT located, thereby making the licenses even more attractive? Call me cynical but put another way, I wouldn't be surprised if the new license holders (odds-on a Russian controlled Alrosa/De Beers entity) discover commercial quantities in the same license areas. If my theories are correct I doubt if the Everfor board had any option in the matter of the licenses. Let's not forget these licences are going to be re-auctioned and there's still an estimated 100 million carats on the Kola peninsular.



Everfor Diamonds simply did not have sufficient funds for further exploration work, said a representative of the State company Central Kola Expedition, which carried out exploration work commissioned by the British company. Over two years 100 million roubles were spent on exploration. Two non-commercial diamond pipes were discovered, said the Central Kola Expedition representative. According to preliminary estimates the Central Kola Expedition representative thinks the Kola peninsular could contain about 100 million carats of diamonds.

The licenses for the Kharlovskaya, Khibinskaya, Murmanskaya and Kovdorskaya sites which belonged to Everfor Diamonds will be re-auctioned by Rosnedra.