wise ...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
rick Same for the girl who answered the tel in Russia , I was disturbing her routine ) Again they were not ready for us ! The plan will unfold soon enough. and at 3 cents it's not much a gamble here )
I think this stock was discovered ahead of the management plans ..Alrosa have some interest in GBDX..Nobody is selling Russian diamonds wholesale without being part of Alrosa ..
Important News
you can read between the lines here Incredible ..
"
Oct. 3, 2006, 12:48PM
Russian Diamond Co. Looking Abroad
By MARIA DANILOVA Associated Press Writer
© 2006 The Associated Press
NAKYNSKOYE FIELD, Russia — Just below the Arctic circle, amid sprawling tundra forests that are the only sign of life for hundreds of miles, geologists from Russia's state diamond monopoly Alrosa drill deep into grayish mud in search of precious gems.
But the world's No. 2 producer of raw diamonds after South Africa's De Beers Group is no longer content with mining gems alone _ it plans to expand into coal and gold mining, as well as exploring oil and gas fields at home and abroad.
The Kremlin, which is increasingly consolidating its control over the country's key industries, is rumored to be eyeing Alrosa as a nucleus for a state-controlled mining holding company.
Once a closed and secretive entity, some of whose mines and towns were hidden off the map in Soviet times, Alrosa today is seeking to change its legal structure to enable it to list its shares on Russian and international markets .
"Yes, we do have ambitions, I can confirm that," Alrosa's president Alexander Nichiporuk said in response to a journalist's question about future plans, on a recent tour of the company's diamond fields and plants in the Siberian province of Yakutia.
Such a makeover won't be easy.
Before opening up the company, which it views as strategically important, the federal government wants to increase its share to majority control from the current 37 percent.
The Kremlin plans to raise its stake by redistributing the company's capital assets between the federal and the local government, which was handed most of Alrosa's physical property when the company was born out of its Soviet-era predecessor in the early 1990s. The Yakut government currently owns 32 percent, its provinces have 8 percent and the remaining 23 percent are held by other entities, including a government-owned bank and investors.
Moscow is promising Yakutia to fully reimburse the transfer by plowing more tax revenue into the provincial budget, as well as increase funding for social and environmental projects. The Yakut government, however, has fiercely opposed the move, fearing it would lose its say in the company and its share in profits.
In Yakutia, an India-sized, scarcely populated region of forested tundra and permafrost, diamonds are a source of living and pride, accounting for 99 percent of Russia's and up to 25 percent of the world's gems. Diamonds from Russia are popular because many buyers are wary of "conflict diamonds" from African countries.
A court is adjudicating the case. Nichiporuk, who has served in the country's Finance Ministry and is said to be a trusted confidant of President Vladimir Putin, predicted it would be settled after New Year.
Analysts say a public listing would be a logical move for Alrosa, which would make the company attractive to investors and raise capital for the much-needed, costly exploration work.
"After restructuring its capital and shareholders the company is very likely to conduct a public offering of their shares," said Denis Mushtayev, a metals analyst with Metropol financial investment company.
Government-hired experts have valued the company at $6.1 billion, while independent observers estimate it to be worth $8 billion to 10 billion once it is reorganized, Alrosa says. Mushtayev valued the company at $12 billion to $15 billion.
But an IPO would require a major image change for the secretive company, bringing higher transparency and corporate governance requirements, observers note.
Alrosa is also busy contesting a recent antitrust ruling by the European Commission, which ordered the company to scale down and eventually stop all trade with De Beers, its biggest client for decades, by 2009. EU regulators argue the trade between De Beers, which controls about 60 percent of the world's rough diamond supplies and Alrosa, which produces up to 25 percent, restricts fair competition.
The move is a major setback for the company, which currently sells 24 percent of its diamonds to De Beers, and Alrosa has challenged the decision with the European Court of Justice, which is expected to rule within six months.
Simultaneously, the company has also begun expanding its own marketing network by setting up trading companies abroad. The company recently signed a cooperation agreement with De Beers for joint research and exploration work in Russia and other countries.
Over the past several years, Alrosa has been showing robust growth, last year selling diamonds worth $3.4 billion, compared to $2.7 billion in 2004 and $1.8 billion in 2003. The company also boasts an average salary of some $1,080 a month _ nearly three times the country's average monthly pay of $410. Alrosa also heavily invests in the social sector, maintaining hospitals and kindergartens and building sport stadiums and churches in its Yakut mining towns.
The company has moved outside Yakutia too _ mining for diamonds in Russia's northern Arkhangelsk region and owning stock in two major diamond fields in Angola. It also plans to develop diamond deposits in Guinea, the Democratic Republic of Congo and possibly Canada.
And it plans to explore oil fields in Yakutia and outside Russia _ in Angola _ in partnership with state oil company Zarubezhneft.
"One cannot rule out that the state will use Alrosa to cement its influence in the metals mining sector _ the state already has such sectors in the oil and gas fields," said Mikhail Galkin, an analyst with MDM bank.
Rumors swirled earlier this year that Alrosa could be used by the state to take over Norilsk Nickel, the world's No. 1 palladium and zinc miner. Nichiporuk said the idea is not being discussed at the moment.
Observers note Alrosa's progress, but say it still has a long way to go before becoming an open and effectively-run Western company.
They also take a dim view of the company's plans to enter a swathe of noncore sectors at once: gold, coal, oil and gas. Timothy McCutcheon, a partner at DBM Capital corporate finance boutique and a specialist in mining called the plan "a value destroying activity."
"If you are a huge company building cars that's OK, but if 80 percent of what you make are diamonds and 20 percent is everything else, that raises the question _ why bother?" he said.
http://www.chron.com/disp/story.mpl/ap/fn/4232902.html
here is the info :
By Jeff Miller Posted: 9/20/2006
ALROSA sold some $1.7 billion in rough for the January through August period in 2006, the company reported September 20. Sales are about 7 percent behind if the company is to achieve its goal of $2.734 billion for the calendar year. The company hopes to increase rough sales 30 percent from 2005.
Company president Alexander Nichiporuk estimated that international rough diamond stocks sit somewhere between $500 million and $700 million at the moment.
For the first half of 2006 (January through June,) prices of mid-sized diamonds fell, but the prices on rough large and small diamonds increased, Nichiporuk said, and overall rough trading was down compared with 2005. ALROSA reduced some prices on rough by 6 percent on September 1, 2006, but Nichiporuk did not elaborate on the details.
Nichiporuk told reporters during a press conference that ALROSA expects to increase capital expenditures 47 percent to RUB19 billion ($712 million) in 2007.
ALROSA plans to spend RUB13 billion ($487 million) on mine construction with the additional funds going towards infrastructure upgrade expenses.
Some RUB2.2 billion in 2006 and another RUB2 billion in 2007 will be spent on the construction of the Udachny mine in Yakutia (this project was begun in 2004 and expects to complete in 2011.) Total investments on the construction amount to $780 million. The capacity of the Udachny mine will amount to 4 million tonnes of diamond ore annually.
ALROSA is holding negotiations to develop local diamond deposits in Guinea and in the Democratic Republic of the Congo.
Nichiporuk also discussed plans to develop oil fields in Angola. ALROSA --in a joint partnership with Russia's oil company Zarubezhneft-- is considering several oil deposits for investment and exploration. The oil deposits would be developed under a concession agreement, he added.
ALROSA recently opened a representative office in New York and expects its Israel business office to open within days, Nichiporuk said. ALROSA has offices in Hong Kong, Dubai, Geneva, and Antwerp.
Russia's government plans to hold majority stake in ALROSA (50 percent plus 1 share) by the end of 2006.
Additional reporting by Prime-Tass / Dialog Newsedge
http://www.diamonds.net/news/NewsItem.aspx?ArticleID=15667
I called Alrosa Office in Moscow and ask them in Russian the address of their new office in New-york ? The lady bluntly told me there is no Office in new York and hang up !).
I don't think I was the first one here to ask this question , I was surprised by her attitude nonetheless Alrosa is opening an office in New york(Diamond News ) and that's still a big secret ! May be time for the Russian Government to be able to control the most of the majority shares here ?
Imo they were taking off guard here ... Interesting situation ...
Davidam if this is the case and Imo it might be ,,this is going much higher than $1.
"ALROSA sold some $1.7 billion in rough for the January through August period in 2006, the company reported September 20. Sales are about 7 percent behind if the company is to achieve its goal of $2.734 billion for the calendar year. The company hopes to increase rough sales 30 percent from 2005. "
"ALROSA recently opened a representative office in New York and expects its Israel business office to open within days, Nichiporuk said. ALROSA has offices in Hong Kong, Dubai, Geneva, and Antwerp.
Huge DD ) need 1 hour ... Great
Great spy reality )) great job ..
Lobs
Almazy means Diamonds .
Rossii means from Russia
Sakka is the republic city is Yakutsk
let me know
Stock lobster I speak russian . I can translate the document where is the link ?
Welcome Back Serf ) you are going to sleep even less now ...)
Glad to join as well at the bottom GLTA..
Ameritrade is not longer a rumor ....
info about the Ceo
here are some links .
official from the Co http:/www.webdesigngfx.com/paivis.com/company.php
from interoute
http:/ www.findarticles.com/p/articles/mi_m0EIN/is_2002_March_19/ai_83982852
from zoom info
http:// www.zoominfo.com:80/people/bauer_greg_184345288.aspx
and others ,,,,
Gl
NEWS about fraud ...
stock is up 100% news coming ...
VXBX going up....
"I am smoking the pipe of peace.")
Moscow CableCom Corp. Announces $21.6 Million Private Placement of
Equity Securities
New York, NY – September 25, 2006 – Moscow CableCom Corp. (NASDAQ: MOCC) today announced that, on September 21, 2006, it had entered into agreements providing for the sale of 2,341,760 units of its equity securities at $9.2325 per unit, for total gross proceeds of $21,620,299. Each unit is comprised of one share of the Company’s common stock and one half warrant. Each whole warrant entitles the holder to acquire one share of the Company’s common stock at a purchase price of $11.004 per share until September 21, 2008. The price per unit was based on the closing bid price for the Company’s common stock, as quoted on the Nasdaq Global Market on September 20, 2006, which was $9.17, plus $0.0625 attributable to the one half warrant included in each unit. The Company expects that the private placement will close by September 29, 2006.
Renova Media Enterprises Ltd has committed to purchase 2,166,260 units, or 92.5% of this private placement. Unaffiliated investors, each of whom also invested in the Company’s May 2006 private placement, have committed to acquire the remaining 175,500 units. After the closing of this private placement, Renova Media, which before this private placement owned approximately 35.9% of the Company’s outstanding voting securities and had held warrants to increase its ownership percentage to 57.5%, will own 43.2% of the Company’s outstanding voting securities and will hold warrants to increase its ownership percentage to 61.7%. This ownership level excludes the 23.1% held by Moscow Telecommunications Corp. (“COMCOR”), of which Renova Media acquired majority control earlier this year.
Mikhail Smirnov, the Company’s Chief Executive Officer stated, “The funds we will receive from this private placement allow us to continue the pace of our homes passed network expansion and support the activities that have resulted in the strong subscriber growth reported through August. Further, we expect subscriber growth to continue to accelerate, now that the seasonally slow summer months have passed.”
MOd please delete vulgarity posts .. Thanks
Who are these shareholders ?
"During August, 2006, the board of directors approved the issuance of 20,171,220 shares of common stock from the conversion of 1,005,861 Series A Convertible Preferred Shares. The shares are to be issued to 9 shareholders. The common shares will be issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §3(a)(9), §4(1) and 4(2) of the Securities Act of 1933."
LOl )( this is wild ... closing price are not updating at all... ))
GBDX Diamond for ever ... from WWCD
|^^^^^^^^^^^^^^^^|||___
| Load up the truck ___||||__+
|_..__..___..__.=====|==|__|__]
(@)\\\\'(@);;\\\\'\\\\'\\\\'\\\\'(@)*(@ ))
TA Phone #
TA - EXECUTIVE REGISTER (SP) AT 303-783-9055
I lost track about the CSHD Saga ,, whats up with Mensah's ? This scam seems unreal !
OT a liitle joke to start the day .
An 80-year old man goes to the doctor for a checkup. The doctor is amazed
at what good shape the guy is in and asks, "How do you stay in such great
physical condition?"
I'm a golfer," says the old guy, "and that's why I'm in such good shape.
I'm up well before daylight and out golfing up and down the fairways."
"Well," says the doctor, "I'm sure that helps, but there's got to be more
to it. How old was your dad when he died?"
"Who said my dad's dead?"
The doctor is amazed. "You mean you're 80 years old and your dad's still
alive. How old is he?"
"He's 100 years old," says the old golfer. "In fact, he golfed with me
this morning, and that's why he's still alive. He's a golfer too."
"Well the doctor says, "that's great, but I'm sure there's more to it than that.
How about your dad's dad? How old was he when he died?" "Who said my grandpa's dead?"
Stunned, the doctor asks, "You mean you're 80 years old and your
grandfather's still living! Incredible, how old is he?
"He's 118 years old," says the old golfer.
The doctor is getting frustrated at this point, "So, I guess he went golfing with you this morning too?"
"No. Grandpa couldn't go this morning because he's getting married today." At this point the doctor is
close to losing it. "Getting married!! Why would a 118 year-old guy want to get married?
"Who said he wanted to? his girlfriend is pregnant !
yes the guy is willing to communicate ..for sure ,he is also controlling over 95% of the shell ,, more events will unfold soon
Reply from the CEo VMDG
apparently the merger is not done yet and some are questioning his relation with the old ceo of VMDG... the float however is 1 million!
This is John H. BEEBE. I was just turned on to this website. I would not normally respond, however what I have seen has startled me. I do care which is why I am going to post here this time.
For the record:
I have no association with Mark Astrom. I have never met Mark Astrom, and I have had no previous or prior dealings - either business or personal with Mark Astrom, his associates or anyone associated with Vision Works Media Group in the past.
Mark Astrom and his associates are not involved with the corporation in any way, shape, form or fashion from September 7, 2006 forward and they will NOT be involved or associated with the corporation in the future.
I am deeply sorry that the actions of the prior shareholders and management has caused grave concern and distress among the shareholders. I can only deal with what I know and what I have before me today. I can work towards making things better for all of the shareholders and the corporation as a whole starting today.
I promise you this - check my past track record. I have a sterling business reputation, and also a track record of success - see my last company Global eTelecom.
I will do everything within my power to maximize shareholder value for everyone. I will be available and accessible to answer your questions and listen to your concerns as shareholders to the best of my ability. I will handle the corporation's business and affairs with honesty and integrity, as I have done all of my business endeavours.
for for Posted by: JHBEEBE
In reply to: Scovanner who wrote msg# 5361 Date:9/20/2006 3:37:15 PM
Post #of 5396
This is John H. Beebe. I am going to publicly post here in response to clarify speculation regarding the Press Release today.
The Gold reserves are in the ground and also in tailings. There is also Silver, Platinum and Palladium whose valuations have not been certified. You can do simple research using standard industry formulations to approximate the cost of extraction and processing - about 20% or so.
Additionally, I am surprised at the response to the Press Release from some messages here on the board. Usually, when positive announcements are made stock prices go up. That is a normal event in a free market. We consider this pending acquisition to be a long term positive for our shareholders and the corporation. The overall markets apparently do as well.
As far as getting you to "believe" in the stock, I cannot do that. We are not used car salesmen. We are a group of people with a proven successful track records who have come together to build something of lasting value.
It would seem to be very simple. Either our actions demonstrate that we are committed to building shareholder value or they don't. The steps we are taking to build long term shareholder value speak for themselves. By some of the alleged shareholder comments posted here, although you are in the vast majority, a few of you seem to disagree. Your comments have been duly noted.
Regardless, there is a plan and we are committed to that plan for building lasting value in Perihelion Global. A few of you have expressed your displeasure as stated earlier. Why not simply just sell your stock on the open market or when it reaches a profitable level for you to do so and move on to your next investment? Positive news that increases tangible shareholder value was certainly not intended to incite hostility or attacks on people. For those of you who feel this strongly, would it not be better for you to just move on to another investment if this one, for whatever reason causes you such angst?
Perihelion Global's future is strong and bright. As the management we are fully committed to increase the value and assets of Perihelion Global. This is our verifiable track record in our past ventures. This is what we are doing now and as stated will continue to do so for the benefit of every shareholder.
An overwhelming number of you have given us well wishes of success and recognize the value in what we are building. I want to give you a personal "Thank You". Our entire team will work diligently to honor the trust you have placed in Perihelion Global. Our future is very bright.
Warm Regards,
John H. Beebe
this a reply from the new owner get your dd straight about VMDG
This is John H. BEEBE. I was just turned on to this website. I would not normally respond, however what I have seen has startled me. I do care which is why I am going to post here this time.
For the record:
I have no association with Mark Astrom. I have never met Mark Astrom, and I have had no previous or prior dealings - either business or personal with Mark Astrom, his associates or anyone associated with Vision Works Media Group in the past.
Mark Astrom and his associates are not involved with the corporation in any way, shape, form or fashion from September 7, 2006 forward and they will NOT be involved or associated with the corporation in the future.
I am deeply sorry that the actions of the prior shareholders and management has caused grave concern and distress among the shareholders. I can only deal with what I know and what I have before me today. I can work towards making things better for all of the shareholders and the corporation as a whole starting today.
I promise you this - check my past track record. I have a sterling business reputation, and also a track record of success - see my last company Global eTelecom.
I will do everything within my power to maximize shareholder value for everyone. I will be available and accessible to answer your questions and listen to your concerns as shareholders to the best of my ability. I will handle the corporation's business and affairs with honesty and integrity, as I have done all of my business endeavours.
Etc ....
you need some more DD There is a merger and new owner ...!
VMDG ALERT >
Vision Works Media Group Inc
Sep 20, 2006 12:25:00 PM
Perihelion Global Announces Acquisition of Patented Gold Mine with Minimum Gold Reserves in Excess of $737 Million USD
VMDG broke all-time resistance at .30 just a few minutes ago.
I Know ,, I speak russian )
we are still here ... This is taking for ever.. Ameritrade still not allowing Buy however Etrade is ok .. soon they need to release a 10Q however.. IMO a lot of legal action behind the scene,
Call Investor relation to get some positive feedback ,,,
I'm on board as well.! Gl to all of you ...
ATWT is leaving >>> Good news ahead ...
new affiliate link coming soon ..
411$ Associates
Flash Memory Solutions
Reduce cost, time, and risk in the overall handset design-manufacture process.
Learn more ›
http://www.intel.com/design/flcomp/prodbref/311273.htm?iid=HMPAGE+HL_060410a
shorting his own stock ! IMO might be a sure bet here ...
that should do pretty well in the Pig basket ) LOL
you call this out of control )) LOL .. this is supposed to be an intelligent debate ..
Bye enjoy your profit ))
I will take your challenge...
listen to the audio very well and tell me how many lies already ?
http://www.mn1.com/members/modules.php?name=Downloads&d_op=getit&lid=165
http://www.mn1.com/members/modules.php?name=Downloads&d_op=getit&lid=166