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By John Helmer, Moscow It was a specialty of the Chicago Irish at the turn of the 20th century. A Mickey Finn was a drug that was slipped into your cocktail without your knowing, in order to incapacitate you. When you came to, the only thing you knew was that you were missing your valuables. [...]

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By John Helmer, Moscow At a physicists’ teaparty, Albert Einstein once asked Niels Bohr whether the two of them should accept that “the moon does not exist if nobody is looking at it.” Bohr’s reply was that, hard as Einstein might try, so long as the moon was accompanied by noone, Einstein’s proof would be [...]

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By John Helmer, Moscow Oligarch ownership hasn’t given Russian goldmines a good name, or at least not a stable one. So if you take the 5-year view and judge that the gold price has peaked, while the cost of developing new mines is going up, the grades going down, you don’t need to be an [...]

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By John Helmer, Moscow Do snaps of businessmen playing cards, or dancing the lezginka together, prove they are in a concert-party relationship which is an unauthorized way of making money, according to Rule 9 of the Takeover Code for companies listed on the London Stock Exchange — if they keep it secret from other shareholders? [...]

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By John Helmer, Moscow It has taken Alexei Mordashov (image lower right) three and a half years to persuade shareholders of Toronto-listed High River Gold (HRG) to accept his takeover of the company. That’s the longest foreign defence against a Russian takeover in the oligarch record-book. But when the count was completed on December 11, [...]

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By John Helmer, Moscow The deadline for Canadian shareholders to accept or reject Alexei Mordashov’s takeover terms for High River Gold (HRG) is fixed for next Tuesday, November 27. The latest count to be released to the market suggests he will fail because the holdout shareholders are convinced the offer price is too low. The [...]

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By John Helmer, Moscow The Canadian valuer hired to provide an independent valuation of High River Gold (HRG) for Nord Gold’s takeover offer appears to be recommending a higher price than Alexei Mordashov, owner of Nord Gold and 75% shareholder of HRG, wants to pay, leaving the takeover in limbo. Paradigm Capital’s research department, headed [...]

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By John Helmer, Moscow It takes a Russian to know how to build a Potemkin village, and hide behind it. It takes Alexei Mordashov to answer questions through a telephone number that rings in Amsterdam only to be relayed to a Moscow office, where the person in charge hangs up the receiver. That’s a false [...]

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By John Helmer, Moscow Swiss bankers aren’t famous for their sense of humour. So it will come as no surprise that the Gnomes of Zurich were serious when they recently sent a questionnaire to 22 of the richest crooks and liars in Russia, asking them for their assessment of the prospects for Russian wealth management [...]

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By John Helmer, Moscow There is a unique protection in the Ontario Business Corporations Act which may have Alexei Mordashov’s name written all over it. It’s called the oppression remedy. What this does is to allow minority shareholders to go to court to challenge the votes and decisions of majority or control shareholders in a [...]