GREY:NEVDQ - Post by User
Comment by
patchhon Jun 17, 2022 1:53pm
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Post# 34765198
RE:RE:Patch
RE:RE:Patchit was in the double overallotment.. actual terms - just look under the sedars.. NCI used a ruse w managments best estimate (exitiing CEO's my foot - Their azzes) in 2021 on the IFS.. they declared the mine an impared asset and took a five year loss; restated tax deductions - nothing special here..
a 5 year rule -- must make moneysome for 3 to 4 and take the loss @ 5 years.. it keeps the small corps healty w a 10 or 20% rebate on the tax liability..
as to KiWi.. KiWi is Gazpron II (and yes the russians did turn on a section on GP-II - think wed around findland).
the russian mines (from p poster here) is priducing on 3.5% Cu++... something like 7% global supply ( did knott know it was this hi).. the germans will B banned from cross border shipments..
Sgt Shults and the KiWi (that bank is owned by the german govt - resources bank) Clubbers are freaking... they know the NCI mine is impared and may feel compelled to doo something about a straight line investment group v/s a Mine Company.. Germqany has mines and has people who know about all things mining.. they are also fully sniffing items like RIO - Nevada GOld - Hudbay and a possible very large cartel going N @ Yet!
IMHO htat deliver contract by NCI to germany - probably not worth much in 2 to 5 years,, its going to take a coupe years for industries to re-direct commercial interest...
they may hav their eyes on a submarine w a M&A thru a shell corp.. lets say a billiton.. they ae afraid of the chicoms - they come in buy everything and simply take it home for copper pots 2 B exported..
they tried (chicoms) to buy a mine up in cnada a coupemyears ago.. the mine cartels went to the Ca Govt - had the deal ruled strageic and sen the chicoms home paking... mostly because they operate thier mines w 1960's technology.. IVN i s theonly exception in todays new mine operations..
Solway is the same way... old mines w large legacy - hard nosed work force/etc...
the krauts may want something - secure - a-political and fucioning to their national standards / prevaling wage-benifits.. in the long run - they make more money..