Post by
Schmid on Jan 18, 2022 3:57am
Weirdest Story on the Venture ?
This company hasn't done any real business since 2011. It was just re-instated on the NEO exchange after letting listing requirements slip and getting kicked off the Venture.
IN 2011 Stans Energy had the corrupt govt of Krygyzstan refuse permits for any further work on the plant and resources that used to supply 80% of the former Soviet Union's needs. The case made it all the way to international arbitration where Stans won a settlement that the lawyers will receive if the can ever collect it. Stans still technically owns these great assets but can do nothing with them except claim they are on care and maint.
Since 2011 Stans has kept itself alive by proposing multiple business JV's with Russian entities that never go anywhere, save the odd due diligence expense.
Stop promoting this and put a bid in for .005 or .01 so some of us can get our cheap lottery tickets.
Dollar's to donuts, a year from now, this will be at 1 cent again.
In 5 to 20 years time, IF THE STARS ALIGN, a real govt will get in power in Krygyzstan and Stans can bring Rare Earth production back to the country finally.
Comment by
Hlytradin on Jan 19, 2022 12:56pm
They actually don't own anything anymore but the building on Kutessay.. the govnt took the land back, and will likely give the buildings to whoever buys the lease to that mine..