Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 opencurtainon Nov 05, 2014 11:37am
195 Views
Post# 23097280

Interview with the head of kyryaltn guy .

Interview with the head of kyryaltn guy .I dont know did anyone post this interview with the head of kyrygaltyn head honcho ...?


Tokon Mamytov, head of the company "Kyrgyzaltyn", "sue the company« Stans Energy Corp. »she behaves" correctly "
 
Author: Parakhat Shukurova
 De-facto
November 3, 2014Print
The Prosecutor's Office to prosecute on the company «Stans Energy Corp.», who operate a gold mine Kutta-Sai in Kemin, and the Agency for Geology took away her license. On this basis, the company sued to Kyrgyzstan at 118 million dollars, seeks to arrest its action. More precisely, she appealed to the Arbitration Court at the Chamber of Commerce in Moscow, received a decision in their favor, asked the Canadian court to arrest the action "Kyrgyzaltyn". At such affairs of the Kyrgyz government conducts its activities. As now there are lawsuits? Is there any hope of winning the Kyrgyz side? To answer these questions, we talked to the head of the company "Kyrgyzaltyn" Tokon Bolotbekovich.
 
- Tokon myrza company «Stans Energy Corp.» go to court over the arrest of shares "Kyrgyzaltyn" how things are lawsuits?
 
- Earlier this year, similar to the Turkish company sued the Kyrgyz government on the issue of the hotel "Ak-Keme" were arrested $ 11 million dividend of 4 million shares. We have only begun to address this issue, now get out of these. The most interesting thing is that the company «Stans Energy Corp.» appealed to the Arbitration Court at the Chamber of Commerce in Moscow. Riddle: Why does not appeal to other courts, and directly applied to the Arbitration Court at the Chamber of Commerce? Because, firstly, between the Kyrgyz government and this court is no arbitration agreement. Second, although the agreement between the Kyrgyz government and the company «Stans Energy Corp.» no item: "In case of disputes, we turn to the Arbitration Court of Moscow" why turned in the wrong direction? And the court accuses the Kyrgyz government.
 
- Company with the decision of the court turned to the Canadian court?
 
MATERIALS ON THE THEME
 
- "Stans Energy" is not related to "Kyrgyzaltyn"
- Today is the deadline given to us "Stans Energy"
- seize the shares of the company in Kyrgyzstan "Centerra Gold"
- Tokon Mamytov said that "Kyrgyzaltyn" did not know about the arrest of shares in "Centerra"
TAGS
 
Tokon Mamytov , Kyrgyzaltyn , Centerra , action , agreement , Stans Energy Corp. , the court
- On this basis, asked the Canadian court makes a decision. We have asked the Economic Court of the CIS in Minsk, they ruled: "We Arbitration Court had no right to hear the case." Now we have collected documents filed an appeal in Canadian court. This phenomenon is not dangerous for private enterprise, and for the Kyrgyz state. Will have a major impact on our economy. We, "Kyrgyzaltyn" going to create a joint venture with "Centerra Gold" and enter into it with the division of shares of 50 to 50 percent, and then the Turkish company arrests 4 million of our shares, the company «Stans Energy Corp.» arresting 31 million of our shares, For us it will be a great loss. So the government, "Kyrgyzaltyn" will not leave this thing just like that, we will sue.
 
- How is litigation, you are sure to win the Kyrgyz government?
 
- Now while there are court cases, so can not say anything. Because if I say anything, as the company «Stans Energy Corp.» can drag us into another court under the pretext of "Once there is a court and Mamytov says win or lose will make. Why do you negotiate with Mamytov behind the back of the company «Stans Energy Corp.»? I do not believe you. Drawn in another court. " So when it goes on, until nothing is going to say.
 
- Surely the company «Stans Energy Corp.» is not just applied to the court ... and I'm sure it has for some truth. And in general, do not lose if the Kyrgyz side?
 
- In my opinion, the company «Stans Energy Corp.» does wrong. They behave themselves, speaking in Russian, "incorrectly." More specifically, the court failed to provide complete, updated facts and say the right things for yourself, hide, that can harm them.
 
- I would like to ask the Turkish company "System Muhendislik" sued by the hotel "Ak-Keme" and won, forced her to pay 11.5 million dollars. Do not lose it, and in the same way?
 
- To specify this information, the Kyrgyz side has not paid a penny of the Turkish company. This I can say officially. The reason is that now there are lawsuits in our treatment. And liberate our shares arrested during the trial impossible. So we moved them by the "escrow" (ESCROW (Eng. Escrow) - Anglo-American law  the deposit  with a third party funds in the name of another person, so that it was issued to him only after the well-known conditions). Many experts do not understand what escrow and say that we paid 11.5 million dollars, that's a lie. Not inventing fables, financiers would ask the experts, they would have explained.
 
- What kind of work are made with your arrival at the company "Kyrgyzaltyn"?
 
- When I came to this position, then walked around the mines, "Solton-Sary", "Makmal", "Terek-Say" and met with the people. First of all, we talked on "How do we get the" Kyrgyzaltyn "of the plight?" "Kyrgyzaltyn" is not the only plant in its possession, there are other businesses. For example, a refinery in Kara-Balta, a jewelry shop and shops in Bishkek, hostels, carpool, building institutions and other. There are mining companies, "Solton-Sary", "Makmal", "Terek-Say." Most interestingly, the mining company could not carry out the plan. The situation is extremely serious, do not get profit. Other businesses, ranging from hostels to refinery, given the vast large incomes. For example, on the same pension Issyk-Kul "Kirghiz beach" brings 18 million profit, carpool "Aktilek" in Balykchi gives 10 million profit. Most small shops also earn up to 3-5 million. All of their incomes are considered not in isolation, but all are united and constitute general revenue "Kyrgyzaltyn".
 
- What will happen if they do not give close profits mining companies? For example, mine is "Makmal" to be closed in 1996, finalized by 2010. If you dig nonexistent, it will not block if the loss of income?
 
- Accurate to say that mine was shut down in 1996. But people living there, 1500 people employed. This company covers 98% of the taxes Toguz Toroskogo area with 25 thousand population. Here the question is not in the economic situation and the political, and how it can be closed? Until 2010, the company processes the ore over the balance to work. 10 years no ore reserves ran out. Now at a distance of 15-20 km from the "Makmal" has mine "Kyrdoo." Previously, he was in charge of "Kyrgyzaltyn", later confiscated. We appeal to the government, are going to recover. If you run it in a job, then in 3-4 years will begin to reap the rewards. Presumably at "Makmal" is tailing. It is 4-5 tons of gold, if we start to work with it, the people Toguz Toro well live another 7-8 years.
 
- Start talking about reducing workers held company? How is the reduction: the leaders or workers of the enterprise?
 
- At a meeting with the people I talked about the reduction, the people said: "Talk about reducing the chiefs, and cut the factory workers. Do not cut your surroundings. " We took into account the opinion of the people, began to decrease from the leaders. Before I had 3 Vice Guide, now there are 2. Then cut the administrative apparatus. There is a separate structure "Kyrgyzaltyn Kurulush", she had no equipment, no work done. Techniques taken from people work, do not bring any profit "Kyrgyzaltyn" nor myself. This structure is reduced, instead it created a department of "capital construction" of 3-4 people. In addition, we took into account the people's discontent, "Managing Security, local police, organized crime groups have teamed up with officials, they steal gold" - the management section into two parts and put them to watch each other. They watch over the safety of the gold, the people and the activities of each other. Generally speaking, reduced by about 40 people from the central apparatus. Now we need to cut the branches.
 
- Will also work cut out most of the mining industry?
 
- Sure will. For example, today we cut 102 people from "Makmal." For many years, the states are not reduced, on the contrary, the state took over 80 more people spending more on salaries 29 million soms per year. If it is necessary, for 5-6 years could reduce even 10 people. In principle, the former leaders of the order handed down on the reduction, but he is not satisfied. I said this at a meeting with former leaders. They referred to the many obstacles. Of course, we also will not be too zealous system. We consider the reduction within the law. We explained the causes of population decline and reduces people. We cut people with inadequate education, experience, and those who can not run health.

Bullboard Posts