Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Maybe tomorrow
Maybe today.
Are we expecting an RNS update on the legal proceedings today or tomorrow morning?
It's gone quiet on the 30th April legal hearing.
@JWBellamy
'Shareholders are fortunate to still be able to sell above 50p imo'
Is their good fortune your miss fortune?
IMO shorters should be grateful they can still close their positions for less than £1.
There's certainly a heightened risk of total loss but the share price reflects that. Market cap is around £300m which is less than half pre-tax profits not so long ago. The potential gain, if the issues are resolved, is many multiples of the potential loss. I'm happy to hold but not too many!
Did you ever read a book about a canary.
Court cases risking most of the balance sheet and the threat every day of missile strikes or invasion. Shareholders are fortunate to still be able to sell above 50p imo
Of course it’s worrying for the Ukrainians. Hopefully the new US aid package will help them stabilise the front line.
Note 14
Creditor protection application against Ferrexpo Poltava Mining (“FPM”)
In February 2024, a supplier and related party to the Group filed an application to open bankruptcy proceedings (“creditor protection proceedings”) against FPM, which was accepted by the relevant court for further consideration. The amount of debt claimed by the supplier of FPM was initially UAH2.2 million. The operation of FPM is not affected by this application and the supplier continued to provide its services to FPM. The amount of debt claimed by the supplier subsequently increased to UAH4.6 million (c. US$117 thousand as at 15 April 2024). A preparatory court hearing was scheduled by the court for 12 March 2024. This hearing did not take place and a further hearing scheduled for 9 April 2024 was also postponed. A new hearing is scheduled for 30 April 2024. The creditor protection proceedings are a lengthy process, which is not expected to limit the Group to continue to trade and generate resources to meet its other liabilities as they fall due. Furthermore, it is the Group’s intention to settle this debt or seek to extend the payment terms, but noting a previous extension request has been refused by the supplier, to avoid the opening of such creditor protection proceedings.
Isn't there a court hearing on the 30th April? This company has everything going for it, quality product, access to EU markets, reconstruction, massive growth prospects, good management, take over potential and selling at a huge discount compared to 2021 earnings. IMHO the legal issues are holding this back more than the prospects of the Russian scum taking over the country. I think Q2 production/exports are on track to beat Q1.
Information like this makes me even more bullish on FXPO. Nice find Alex. I reckon the SP will flutter around the mid 50s before the next court hearing scheduled for 27 May 2024.
Https://www.pravda.com.ua/eng/news/2024/04/26/7453190/index.amp
Kotkin/historian....on russia..
https://www.youtube.com/watch?v=VzmRJ9JOtS4
That guy has been the source of almost 100% of the drama around this co from day 1, an absolute nightmare- if the Ukraine govt seize his shareholding then cannot be any worse than having him there
Does anyone know why the 57k bankruptcy proceedings are happening against the subsidiary.
Looks like the creditor kysen filing the charge is related to the zhevago.
Not sure why the majority owner would file a bankruptcy procedure against his own company?
In the usa it would give some protection not sure what the purpose would be in ukraine.
I have no expertise about legal risks either but they are obviously relevant. With production and exports up something other that the war is supressing the stock price.
Not aware of any sites specifically reporting on the court cases.
However, this is pretty well run and informative:
https://gmk.center/en/
“Small fry” lol
Have you seen the provision amounts for starters
Major risks are Russians advancing and iron ore prices falling during the approaching recession. I have no expertise about legal risks here.
OMH and Evanescent, you read my mind. JW, the upcoming court cases are small fry. The price at the moment is a great opportunity to get some cheap shares easily worth 3 to 10 X more. Large share holders should not be selling at all. Apart from losing money, they will be missing out big time on massive future growth. Are you shorting FXPO though JW? If so – why? It is about as much good sense as parachuting into an alligator farm.
Silicon curtain......https://www.youtube.com/watch?v=criLG8pCyVE
JW Bell end....spreads the same negative bs liberally in every board he trolls.... ignore him, he likes to spread fear and negativity....
You short by any chance?
They pose a major risk, would have to be a bit nuts to hold into that.