Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Are MNOD shares still entitled to NN divi's ?
https://nornickel.com/news-and-media/press-releases-and-news/nornickel-s-board-of-directors-recommends-share-split-and-interim-dividend-for-9m2023/
anyone have updates what happening to these shares?
Any comms from the company, brokers or general news?
Sounds like we won't get anything until sanctions are lifted on MNOD.
I have been in touch with the Raiffeisen Bank with regard to forced conversion into Russian shares held over there, a hell of a complex and expensive rigmarole involving life history, passport, notarised translations into Russian of everything, but they will not even give any info on charges to open a repo account for me, nor selling them, and there is certainly no chance of getting any money out of the country. Dead and buried along with Gazprom for UK. Thanks Rishi.
with our shares, paper certs, dividends...
nothing is going on until the west realise peace may be a better idea than sending weapons and lots of cash we don`t have. then some normality can return.
What's happening with our shares?
SAxo just sent me an "explanation " of sorts. They avoid being clear but they do say they are unable to convert > I thought before they DID NOT want to ;now might be cos they don`t deal in russian shares. Anyway they could investigate , make some effort ? I would be happy with shares on MOEX. All russian shares look cheap and the divis alone will keep us satisfied.
Does anyone know how to convert them? Very confused on how I go doing it.
Investor relations is not being helpful and BNY Mellon, I cant get past reception.
anyone any thoughts on this?
We have to elect by 2049 ! unusual.
only thought of mine is
it may be a way for us to get the shares underlying the ADR we have, which have stopped trading , for now at least. These shares could be super but the peevish Truss won`t like , may not accept. my shares are held by Saxobank who are ruled by the EU, probably worse than UK.
Just MNOD...it will be the bagger of the century when things calm down.
the ticket JRS is still working with Degiro.
Where can I buy this in UK? Its not for sale on HL or IG?
The JPMORGAN RUSSIAN SECURITIES PLC (JRS) have some exposition to Norilsk but its still way above the real NAV price. My trader Degiro is not dealing nothing with Russia exposition aporte from the JRS and they say its because the sanctions.
As a guess, I think the people saying a deal was done, were lying!
some say the deal has been agreed today. Hoping for an RNS
Nn to buy eua. Someone has to spill the beans instead of oil
What do you shareholders of NN feel, is something in the works?
Will the company buy EUA?
https://www.kitco.com/news/2020-04-23/Can-palladium-see-temporary-surplus-this-year-Norilsk-Nickel-makes-its-projection.html
Coronavirus has really impacted palladium prices in the last month as global shutdowns tanked auto demand and, at the same time, put some pressure on supply. Palladium went from an all-time high of $2,700 seen at the end of February to nearly $1,400 by mid-March.
Supply concerns have been one of the main drivers behind palladium's stellar performance this past year. The majority of palladium's demand comes from the auto sector as the metal is used in catalytic converters that reduce emissions in gasoline engines.
Even now, majority of analysts are projecting a supply deficit this year, according to Rhona O’Connell, INTL FCStone’s head of market analysis for EMEA and Asia regions.
But big news this week was Norilsk Nickel, the world’s largest refined nickel and palladium producer, contradicting the majority of analysts, and projecting a small surplus for this year.
“While the majority of market analyses have been pointing to persistent structural deficits in the palladium market, ourselves included, Norilsk caught the attention yesterday when forecasting a small surplus this year, albeit of only ~0.1M ounces,” O’Connell said Thursday.
This is projected to be a temporary surplus as Norilsk expects deficits to resume once the world reopens after the coronavirus outbreak.
“The company's outlook for light vehicle sales, predicated on numbers from LMC Automotive, a major consultant in the sector, involves a net overall fall this year of 21% with a 15% gain in 2021—which would still leave sales 9% below 2019 levels; our interpretation of this is that it would put palladium offtake at perhaps 7% below 2019 levels given increased loadings as regulations tighten,” O’Connell said.
Norilsk Nickel’s projections were made public during its latest investor presentation.
Norilsk’s production guidance remained at the same levels as before the virus — “2.65-2.78 million ounces of palladium, 611675 Koz platinum, 225-235,000t of nickel and 475,505,000t copper.”
When it comes to the COVID-19 crisis, the company said it put aside $140 million towards medical supplies and infrastructure. “Norilsk notes that so far there has been no impact on operations, sales or procurement with the exception of minor cancellations of nickel and palladium deliveries; supplies and logistics are not disrupted as almost 90% of materials and supplies are sourced locally,” O’Connell added.
In light of Norilsk’s estimates and plunging auto demand in Europe, O’Connell has updated her own forecast and now projects only a small deficit for this year.
“We have revised our palladium numbers and are now looking for the market to be in a small deficit of perhaps one week’s demand, increasing again to roughly three weeks’ demand next year. It is important to bear in mind that new car purchases often involve the change-out of a previou
Interesting views on nickel in this and Wood Mac long term price
Https://youtu.be/TCdlNZx4xtQ
a NICKEL ?
my broker is Davy - sorry - didnt think it would be of any interest to you when i said i was in Ireland.
you dont say who is ur broker. Did they swear you to secrecy lol