SCAM THE STATE LEVEL

Stop Mining

SCAM THE STATE LEVEL

"In the project documents, with whom I became acquainted at the court in April - may this year, 90% of the revenues scheduled to be received from the sale of that is copper.
Yes, they showed insignificant amounts of gold and silver. Unfortunately, the official data is so small that the rising prices of silver and gold is unable to compensate for the loss in revenue from copper.

And if they continue to "hold the project teeth" with a negative financial result of the activity, it becomes even a "no-brainer": the official data, which they use in court, called
1) to hide the true purpose of this project
2) show on the balance of losses for the Bank and other creditors,
3) "extract" from the Russian budget several billion rubles in VAT refunds for 2 legitimate reasons: a) damages and b) the export of products outside the Russian Federation.

THEREFORE, this project likely will result in and for the state and for Gazprombank significant multibillion-dollar losses."

Repost Vera Savchenko
#Stopgo

Stop Mining

Today, 03.09.2019 year, the price of copper struck, finally, a significant level of support $ 5,500/t and continues to trade below this level.
At this price level was in April 2006.
Given the trend to lower prices for copper, established in January 2018, and significantly increased in 2019, you can make the following conclusion: in the near future we will see a price of around $ 5,000/ton and below.

How much prices will hold in this range - to say now nobody can. What is clear is that analytical agencies, will once again have to revise down their forecasts.

This means that the project "Tominsk GOK" will increase even more MINUS in the calculation of net investment value of the project.

AU, Gazprombank! The prospects of loan default in the amount of about RUB 60 billion - of which I informed you in June 2018 - are not just "a nightmare" for the service of risk and security, and the harsh reality. And she will have to answer very specific to the persons acting - as they say in such cases, the enforcement agencies "in a group upon a preliminary collusion".

P. S. For those who believe: "do Not be afraid that copper is falling. The main thing for them that gold and silver is increasing," reported:

In the project documents, with whom I became acquainted at the court in April - may this year, 90% of the revenues scheduled to be received from the sale of that is copper.
Yes, they showed insignificant amounts of gold and silver. Unfortunately, the official data is so small that the rising prices of silver and gold is unable to compensate for the loss in revenue from copper.

And if they continue to "hold the project teeth" with a negative financial result of the activity, it becomes even a "no-brainer": the official data, which they use in court, called
1) to hide the true purpose of this project
2) show on the balance of losses for the Bank and other creditors,
3) "extract" from the Russian budget several billion rubles in VAT refunds for 2 legitimate reasons: a) damages and b) the export of products outside the Russian Federation.

THEREFORE, this project likely will result in and for the state and for Gazprombank significant multi-billion dollar losses.