Someone please correct me if wrong but what if..

At current stock valuations KRY is worth around $250 million. Say the Russians, through one of their coorporate vehicles, offer $1.50/share (or $500m) to buy out KRY. If the majority of the stakeholders go for it the Russians get KRY. Then the next day Hugo decrees that the permit is issued and that mining can begin. After the frenzy the Russians turn around and issue stock at $6/share and pay back the $500m needed for the initial buyout making huge windfall profits and at the same time using all the hard work that KRY has done to this point to make everyone, including Hugo, very happy.

Any thoughts/rebuttals?