Russian billionaire Vladimir Iorich keeps a low profile, but has shown he’s ready to play for high stakes – as some shareholders in mining companies he covets have discovered.
It’s not just the ancient ruins that are deteriorating in Greece. With unemployment at 25% and youth unemployment more than 50%, the country’s very social fabric is at risk of unravelling, as austerity’s chokehold produces street clashes and clouds of tear gas.
For a while, Lumina Copper (LCC) shares defied gravity. As of Mar. 28, when shares closed at $17, the stock had a one-year return of 150% — while most TSX Venture stocks were getting pummelled.
