Too high risk5 Mar 2022 08:24
"The Group's mining and processing operations, which are located adjacent to the city of Horishni Plavni in central Ukraine, continue to operate. The Group has the ability to stockpile its iron ore pellets at site, whilst Ukraine's logistic networks continue to experience disruption."
Hoirishni Plavni is only approximately 75miles from where there is fighting. Only a matter of time before the Russians progress further inland. Plus railways are limited, add on deliveries not being made, no production, plus no money coming in. Unfortunately the outlook doesn't look good.
I really like this share and made money in past but too much risk now. I see this going well below £1 and even into 50p range or less unless there is a peace agreement.
Hopefully there will be one soon.