Post by
Schmid on Apr 05, 2021 10:31am
Kyrgyzstan land of enchantment
This country was part of the former Soviet Union. Stans bought the REE plant and properties at auction after the former Soviet Union collapsed.
This plant is not out of date. Stans brought it back into production in 2011 with help from VHNIIT the former soviet unions scientific division who operated as a business after the communist collapse.
These properties and plant produced 80% of the former Soviet Unions rare earths. Yes this plant is a big deal. The scrap value alone of the submarine grade stainless steel was estimated at 7 million dollars. The Beryllium of one of the properties is worth 7 Billion. Overall Byron King put a value of 14 Billion on Stans in 2010 just before the Govt started to refuse to grant work permints to Stans.
I am half fortunate that I took good advice and sold half my shares at $2.91 before the wheels fell off this play.
Stans Mgmt have IMO been bribed, threatened or otherwise coecred. Contrary to a previous post, Stans does still legally own properties and plant but they will never be allowed to do anything with them by a corrupt Govt. I believe Stans will be delisted soon and these properties will dissappear into legal proceedings for years to come. Eventually a Russian entity will emerge with the assets IMO.
Centarri Gold fought these corrupt Govts for years and were lucky enough to sell out at a reasonable price and escape this country, Stans won't be as lucky IMO