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Stans Energy Corp V.HRE.H

Alternate Symbol(s):  HREEF

Stans Energy Corp. is a Canada-based resource development company focused on advancing rare and specialty metals properties and processing technologies. The Company is transitioning into a supplier of materials and technologies that will assist in satisfying the future energy supply, storage and transmission needs of the world. Its subsidiaries include SevAmRus CJSC, Kutisay Mining LLC and Kashka REE Plant Ltd.


TSXV:HRE.H - Post by User

Bullboard Posts
Post by grammaduxon Jun 22, 2012 5:12am
365 Views
Post# 20042552

clarifications

clarifications

I wrote david a mail this week asking about PFS and legal situation in Kyrgystan (the 12% mining tax etc.)

so this was his answer (I have to say his answers get quicker and quicker, he wrote me back like 2 hours later)

to repeat it, the legal situation is not the reason for the delay as taxes are included anyway

More details to come when Mgmt is back next week, they are probably doing the final paperwork

PFS could be published next week IMO

Management is currently in Kyrgyzstan.  I am expecting an update from them as to the timing of the economic study. I would hope that we are able to publish it by the AGM, however as I have not received and exact timetable, I cannot commit to an exact date.  The increase in the mining tax that you are referring to is for gold/base metal operations.  This law is currently being challenged in the Kyrgyz parliament.  Stans Energy will be negotiating taxes amongst other issues with the Kyrgyz authorities as part of the newly granted Licence Agreement extension.  We have factored in taxes into our current models so it is something that is not a surprise, although the final figure is unknown at this point.

Negotiations are expected to be completed in three months.  The company will issue an update once those discussions are finalized.

Bullboard Posts