TSXV:HRE.H - Post by User
Comment by
joeveston Oct 03, 2014 5:05am
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Post# 22994579
RE:Thais is BS
RE:Thais is BS
Stans' troubles are not due to management--they're due to the criminal actions of the Kyrgyz government, in particular the Prosecutor General's office.
Consider what Stans has accomplished in the last several months. The company has been awarded $118 million by the Moscow arbitration court, and it is a virtual certainty that this money will be collected. In addition, Stans has gained membership in the Skokolov Foundation (I probably spelled this wrong), which enables access to government grants and future business relationships with a large number of technology companies.
Moreover, Stans claims that significant progress has been made in obtaining some Russian heavy ree properties.
I'd say that Rodney, David et al are doing a bang-up job under the circumstances. I think it's a great sign that the Kyrgs agreed to settle with System(again, probably misspelled)--and that was only an $11 million arbitration award. How will the government respond to the prospect of parting with $118 million?
Yes, the share price has taken a tremendous beating over the last few years, but our patience may well be rewarded in the long term.