As we can see from the above chart an all cash offer of $0.65 per share could spell the end for Khan Resources Limited (KRI) as Russia increases the pressure to gain total control of this asset.

This snippet from Uranium News more or less sums up the situation as it stands:

Khan Resources has been embroiled in a dispute with ARMZ over who controls the exploration license for the deposit, which was formerly a Russian open-pit uranium mine, and now that dispute has turned into a hostile takeover with ARMZ making an all-cash offer valued at C$35.1 million or 65 cents per share.

In 2003, Russia forgave close to all of Mongolia’s outstanding Soviet-era debts. Moscow subsidizes the oil and wheat imports and earlier this year made a $300 million loan to Mongolia’s failing agricultural industry.

To read the article in full please click here.

We have fallen foul of geo-political circumstances on this one, something to consider when making future purchases, a great resource, behind a border we can do little about.

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