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No worries here most weak hands got shaken out last time around .
Almost identical to last breakout.
Previous fund raising rounds have valued Russian Anglo Minerals at $105 million. It has since acquired further iron ore deposits in the Ural region and the valuation is now reckoned to be about $462 million, with currently about 210 million shares outstanding, including options, he said.
Im sure SIBN is part of that huge project .IMO
Co-investors in Russian Anglo Mineral include Henderson (HGGH.L), GLG, St Peter Port, a Guernsey-based asset manager that targets pre-IPO financing, and CD Capital. A 1.2 billion£ company
http://uk.reuters.com/business/quotes/overview?symbol=HGGH.L
Looks like what they are planning is some sort of holding company,since they plan to do a IPO only on 20-25 percent of the company?
Russian Anglo Mineral Resources TBC Q1 2011
The UK-based mineral resource and asset development company
with mining rights in Russia is planning to list on the London
Stock Exchange in the first quarter of next year.
Its CEO told Reuters he was hoping to list about 20-25
percent of the company. [ID:nLDE6971TH
]http://uk.reuters.com/article/idUKLDE69A0AB20101015
I like my chances here at .05 pps.With market cap only 5mil and money in the bank for upcoming IP and winter drilling program starting in coming weeks. Looking at the L2 and the support we have at .05 range even with the heavy selling ,i see little or no downside from here.Will be averaging down next week, hopefully before we get a update from company. GLTA
You're right!!!
What a great week it was. Thanks
What a week !!
And a Walker to walk them hahaa
No way this is ihub money!!! Big money coming in now
Nice bid support over.20
booooom
BIds are stacking this is going to pop
Smart move lol
Move your sell order high ,they will steal your shares!!!
Games !!! Good time to load
More eyes here every day ,we are still at ground level.
Incredible with this low volume!!!
Only 1 left and then .10
Good one. Great DD !!!!
Excellent work !!!
The chart posted by Matt looks spot on and will bring a lot of momo players back in tomm. Im here for the big payday !!!!
Will be adding tomorrow as well .
Here is their President.. impressive profile !!! http://www.linkedin.com/pub/steve-talley/22/a3/562
I think eik in his post has nailed it.
eik Share Monday, October 25, 2010 9:11:45 PM
Re: CHARLIE125 post# 89 Tweet Post # of 932
OK, you forced me to look into this stock more carefully. :) Siberian Energy used to be one of my favorite Russian plays (as you can see from my previous posts). It’s not your typical Russian-Canadian pinky. Honest management, complete transparency and reporting, good connections in Russia and Europe. Zauralneftegaz was a typical venture capital investment – “win or die”. If successful they would be among Russian majors now. Unfortunately, first wells didn’t meet expectations… So, we have what we have – big drop in share price.
Two main holdings: KNG (currently 44% stake) and ZNG (50% in JV). Most assets are still there, and unlike risky ZNG venture, KNG is “guaranteed” oil revenue… if they invest about $15mln. Their partner is responsible for financing the operation – win-win situation for SIBN. "Currently we are evaluating different business opportunities in the oil and gas industry, including advanced development stage and revenue-producing enterprises and are in preliminary discussions with a potential partner which owns several oil and gas producing properties in Western Siberia..."
What is amazing, despite of desperate need of cash. They managed to keep small OS count. Out of 100 mil AS only 18+ mln have been issued. Every share is counted, valued, and Zaikin even sued former insiders who tried to sell “canceled” shares. They plan “no later than 2011, to start drilling an exploratory well and to complete not less than 2 exploratory wells by April 1, 2012.”
Current $400K market cap is ridiculous and well below the value of assets. The stock is valued for failure. And this is not going to happen (IMO). To understand why, one needs to check credentials of SIBN President Helen Teplitskaia:
http://www.arcci.org/spotlight/HANDOUT2007.pdf
http://people.forbes.com/profile/helen-teplitskaia/71599
http://www.siberianenergy.com/s_18.asp .
Search also for “Russian Anglo Minerals Resources” http://uk.reuters.com/article/idUKLDE6971TH20101008 . This company is about to start trading in London… And who is in the management? Zaikin and Teplitskaia, sounds familiar?
Bottom line: SIBN is likely to merge or be acquired by RAM Resources. That’s why Zaikin has been carefully watching and protecting share structure. Insiders are holding big part of OS, that's their salaries for last couple of years, and they are not going to waste it. SIBN shareholders are likely holding shares of future multinational company RAM Resources.
All IMO... I could be wrong.
Great day for SIBN, also waiting for WOLV news???
Exactly
Congrats!!!
Awsome addition!!!
Know what you own
Last time this happened we went from .035 to.08 ,lets see
Great buying opportunity again
Not the last time they will try this shyt
No worries weak hands got out now they have to pay what we ask !!!
Did the same thing yesterday before close.This is going to be a MASSIVE shortsqueeze!!!!
Make them cover higher
These guys need to be banned