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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
Comment by opencurtainon Feb 09, 2015 1:27pm
189 Views
Post# 23411079

RE:I disagree Gold

RE:I disagree GoldThat is the fly in the ointment stans holding their shres , they still have their heads in the sand when it comes to negotiating with us they are hoping we will just go away but they will find to their disaponitment that they can not finalise the agreement while we hold the shares , the CEO Centerra  Mr Ian Atkinson has already stated this fact , here in his own words below 

So looking forward to the fourth quarter, as we mine the high-grade SP Zone at Kumtor, we expect to generate additional free cash flow and continue to grow our cash balance through the end of the year. In the Kyrgyz Republic, we are continuing to work for the Kyrgyz government, Kyrgyzaltyn and their advisors to restructure the Kumtor project in accordance with the heads of agreement. We are now in the process of negotiating the definitive agreements.
 
As you will appreciate, it will take some time to bring this to a conclusion, since it’s a very complex transaction requiring the number of approvals including the approvals of our shareholders the Kyrgyz Parliament and the Canadian courts. As we've outlined in our news release, the issues raised by the Stans Energy litigation will have to be fully resolved by the Kyrgyz government before any restructuring transaction can be completed.
Bullboard Posts