Hi, Phil, thx for your note. Want to be our LUKOY/Chezchin n/ltr reporter(grin)
Your first thoughtful question is an interesting one allright. I am aware that in the world of gold mining in the former USSR, even the independent miners were required by law (and enforced by the KGB I suspect)to sell all independently found gold to the state, at a fixed price of $200 per oz. This gold was found/recovered after the shift was over, if you please by the regular miners who worked for the state in the mines.
LUKOY may very well be in that situation, certainly geographically, if not still financially if I get the drift of your cogent comment.
If so, then the USSR will continue to reap the profits as is their norm in all situations. Privatization hasn't even begun to rear its capitalist head overthere...esp when USSR is still so desparately in need of generating Western Currency (ALL OIL IS PRICED/TRADED IN DLRS)
since their Ruble is toilet paper.
Your second question, I think the answer is in my comment to your first one.
What's Chezchin saying now? I understand he's been pushing LUKOY for about 2.5 years now. I'll go do a chart search and see what I can find for price ranges in the last 2.5 years, so that we can make an intelligent estimate where the sell when it ever gets there again discouraged crowd might be lying in ambush, as well as the sell 1/2 on a double bunch are...
It may be the weekend before I know the answer to that one, but when I do, I'll post what I learn, ok?
Thx again for writing.
O/49r |
