Wednesday, June 27, 2007 5:23:08 AM
This could be a similar type of situation as Aurus's Kylon deposit. Could the license actually have been held by Belchenko and thru him,Ruda held the license. When the Krong deal was made could part of the deal that Belchenko engineered for getting Krong be that Belchenko was allowed to have Ruda and Northern ore to be tranferred to another entity such as Univercompany. A company he owned outright.
If that was the case then the Kylon license transferred automatically to Stargold who in effect bought Univercompany.
Its interesting that Belchenko is not part of Aurus now as relayed by 2C in one of his previous posts.
It could be the reason why SERG was set up because Malyshev thru other entities holds more then just that one license you are currently talking about.
Segal is involved because his group probably provided the financing for Malyshev to buy the licenses at auction. The one who owns the license can if he wishes transfer these licenses to other enties he is associated with.
So the reason why serg is having problems with their audit is that Malyshev is playing hardball with his western backers. Probably still pissed off with the NDOL shenanigans and wants to sell the assets back for some type of compensation.
RSM was initially told that serg owned that particular license with its reserves but after the NDOL deal Malyshev pulled the license that was used in the audit.
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