Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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According to this article:
https://www.fastmarkets.com/insights/how-ukraines-war-torn-steel-industry-has-transformed/#:~:text=In%202023%2C%20Ukraine's%20total%20iron,the%20year%20preceding%20Russia's%20invasion.
Ukraine exported 28.4 million tonnes of iron ore in 2021. According to the fiqures below they export 9 million tonnes in Q1 2024. That means they are exporting at higher levels than before the war. I think this could be down to stock pilling over the last 2 years. Meaning bumper profits to be announced.
Https://gmk.center/en/news/ukraine-exported-3-34-million-tons-of-iron-ore-in-march/
The judge that cleared FXPO in the last Supreme Court case:
https://ukranews.com/en/news/998341-supreme-court-judge-kniaziev-included-in-register-of-corrupt-officials
Fair comments. Zhevago prob doesn't trust the government enough to come forward but he's worth well north of a billion so this wouldn't be that much of a knock to his lifestyle assuming money is all they want from him. @TwoCents, you're right about setting a precedent, but it may be worth it to get rid of the problem - not suggesting paying anywhere near the full amount tho. I don't think the market is too bothered about it, when it came back into the spotlight a couple of months back via RNS it only knocked 4p off the share price (87p down to 83p roughly) hence I think we are in extremely oversold territory now. Look how much money FXPO are able to make when their exports are not choked or bottlenecked. While they won't be shipping as much as they were via the black sea, they are now able to reach markets they haven't been able to get to properly for 2 years, £££.
When said deal I meant Zhevago not FXPO. The Ukrainian government are going to get his share one way or another. If he did a deal he could maybe walk away with something as opposed to nothing, and avoid jail time. Maybe. Hiding in another country and refusing to face the music only implies guilt. Not that I know much about these things. He’s unlikely to want to give up the billionaire life style but other Ukrainian oligarchs are doing jail time and lost their assets.
I don't comment on here much, but I've been in and out of FXPO for about 5 years. On the face of it a deal looks like a good idea, but IMO would be akin to paying a ransom - you then set a precedent and you're then potentially easy pickings in the future. If you think you're on the right side of the law, then fight it as high as you can in the court system. If Ukraine and their judicial system goes down the corruption road then they will shoot themselves in the foot for all the foreign investment needed to rebuild their country after this war.
Agree on a deal Alex, would give the market certainty and it's not as if Fxpo can't afford it.
I obviously see your view. FXPO have given 3.3billion to Ukraine during its time. They can't have it both ways. In some respects I hope they do screw it over, it will finally get me out of their corner. Shouldnt mess about with foreign companies when you have your begging bowl out 24/7. FXPO have paid their dues and that should be recognised. You would think the country officials would support the generation of tax. Anyway just over a week to go :)
I like your bullishness however am struggling to share it, because until the prelims are out the whole spectre of the lack of accounts sign off is paramount. The Ukraine govt has been milking this co with all sorts of tricks and wheezes, it is not a situation that has any clarity.
Which means it has a PE ratio of about 0.31 of 2021 earnings. Ridiculously cheap. Is this a value play or a value trap though? I'm confident Q1 production report is going to be positive. The legal issues are not going to go away however. The Ukrainian government are going to want to get Zhevago's share of the business one way or another. He'd (we'd) be best of if he did some kind of deal. Will the minority share holder get screwed over in the process? Which is often the case.
You have to realise this is now sub 50p a share with just a £270m market cap, Over 100m in the bank and no debt, adapting to every situation thrown at it. Almost paid out a dividend thats would now be worth a very sensible %! I'm confident divi will be reinstated. Same operational situation at 120p. My money is on seeing a big move on the April update.
The company has already stated they have stronger volume and growth this year. The biggest hurdle they had was not being able to use the seaports for exports. These exports resumed this year thanks to the safe corridor in the Black Sea. The issue surrounding the delay is the 20 year old legal case which pops up every so often, already been kicked out once by the Supreme court but someone fancied having another bash. Production and volume is obviously going to be a lot lot higher for Q1 as they have been utilizing another pellitizer thanks to being able to ship via the Black Sea as well as seeing an increase in rail transportation and selling through their stock piles thanks to improved transport. Personally I'm bullish as fook.
Provide company source announcing a delay.....or acknowledge you a talking ba11s as usual.....
Announcement of AGM was made last year on 14th April so announcement is not late...
Clearly there’s lot in there not to like.., which is why they have been delayed
But from Ukraine.
Not all from fxpo obviously!
That's a lot.
Then he'll pi33 off the very neutral Swiss aswell. Probably where he's stashing all the money that was supposed to be going on a world class Army. There are a lot of iron ore and magnesium miners in Ukraine. No point in destroying the cash cows out of spite. He wants all that stuff.
Then we lose most our money. Russia will probably do this on their way out to cause as much damage as possible.
It's OVER for FXPO
What happens if Russians destroy the fxpo plant and infrastructure on site? Thats the concern now surely besides everything else
That power plant covers 200k homes but I don't think it directly affects FXPO does it? They're connected to another one from what I understood previously, and don't forget they have generators on site and huge storage capacity which is likely ample for current output.
Minecheck
the blood stained hand are wholey attributed to one person minecheck
putin.
no else
Https://www.ft.com/content/98f37cee-aaf6-47c5-b032-bde2968e00f0
It is a pointless war, but one which didn’t happen for no reason. In addition, the west has done its utmost to prolong it as long as possible. Johnson’s infamous visit to Kiev to scupper peace talks in April 2022 is well documented by those involved, including former Israel PM Naftali Bennett.
So spare the crocodile tears. Those with blood soaked hands are not solely on the Russian side.
Now Ukraine will face worse terms, those tragically killed on both sides since April 22 have no way back, and anyone invested in FXPO faces increasing chance of losing all their money.
All we can now hope is that those in Europe who hysterically demand escalation and risk war with Russia will be ignored by Washington. The stakes are too high to play virtual signalling games with the lives of innocent people on all sides.