Ferrexpo Share Price (FXPO)

Https://www.thedefensepost.com/2024/05/02/macron-ukraine-troop-deployment/

No worries H, I really do think it is. I am more concerned at how things on the battle might turn out. The Russians are currently assaulting Chasiv Yar – occupying it would give the Russians easy access to the major towns in Donetsk Oblast. Vadym Skibitskyi, Deputy Head of Defence Intelligence of Ukraine, recently said in an Economist interview that defending Chasiv Yar is proving to be hard. The Russians are throwing everything at the Ukrainians – Su-34 bombers, Su-25 attack jets, FAB-500 glide bombs, loitering munitions like the HESA Shahed 136 and the ZALA Lancet drone, Storm Z and Storm V penal units in so-called 'meat waves', ODAB-1500 thermobaric bombs, paratroopers from the elite 331st Guards Airborne Regiment, incendiary munitions like white phosphorous, armoured convoys of AFV's like the BMD-2 and BMP-2 and APC's like the BTR-80 APC, plus lots of T-72 tanks. The Ukrainians are doing a stellar job holding them off so far, but they are desperately short of men and munitions.

Thanks LL. This mirrors my own analysis- a worst case legal scenario is already priced in.

Howardzzz – Ferrexpo has recorded a provision of $131 million in the chance they do lose the court case. This will be more than to cover any negative outcome from the two legal cases. Ferrexpo would have recorded a profit of $46 million this year, if not for this. Hence, they reported a loss of $85 million instead.

I will leave you with some financial highlights from their report:

• Revenue 48% lower at US$652 million due to lower realisable sales resulting from logistics constraints and a decrease in average iron ore prices (2022: US$1.2 billion).

• Underlying EBITDAA fell to US$130 million at an EBITDA margin of 20%, heavily influenced by operating foreign exchange gains of only US$31 million for 2023 compared to US$339 million in 2022.

• Net cash flows from operations: remain positive at US$101 million despite the significant challenges posed by the war (2022: US$301 million).

• US$131 million effect from provisions to cover possible negative outcome of ongoing legal proceedings results in a loss of US$85 million.

• Capital investment of US$101 million, including sustaining and optimisation projects (2022: US$161 million).

• Net cash position: improved marginally to US$108 million as at 31 December 2023 (2022: US$106 million

@JWBellamy

Yes i do care but people who own this right now know of the current risks, if you wanna provide links to changes in the situations or anything that people don't know that would be productive. Just general scare mongering to try and get people to sell and make your short position more valuable is clearly not productive