George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
i read an article the other day, i think the link was posted on here, it was saying they were resuming purchase of gold and ramping it up, or words to that effect
Damofarl, do you think the demerger can still complete? is it even possible under this scenario ? do you think they would still want it to complete ?
link to the list and info RASP is on it
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwiN3Jeilqv2AhXkQUEAHe5lDNIQFnoECAQQAQ&url=https%3A%2F%2Fresearch.ftserussell.com%2Fproducts%2Findex-notices%2Fhome%2Fgetnotice%2F%3Fid%3D2603553&usg=AOvVaw3-ydDn_BZ-O4S9nXZdxbyT
https://www.investmentexecutive.com/news/research-and-markets/msci-ftse-russell-to-remove-russia-from-indexes/
i doubt the demerger can complete if this is happening it was only announced yesterday so im sure we will here from EVR tomorrow
Damofarl,
RASP, is included in the sanctions, it is in some funds, trackers, etc and it is on the sanctions list to be deleted from monday from the index with zero value, so it would make sense to reverse this hence the 1.88
the notice does seem to state it is being reversed back to EVR on Monday open
Further to the notices: 'Evraz (UK): Stock distribution of Raspadskaya (Russia)' issued on 03 February 2022 and the 'Treatment of Russia in FTSE Russell Equity Indices' announcement on 02 March 2022.
FTSE Russell announces that the price adjustment consequent to the divestment of Raspadskaya (Russia, B5800Q2, GEIS Mid Cap) by Evraz (UK, B71N6K8, FTSE 100 Index, GEIS Mid Cap) which was implemented to the FTSE Russell indices at the open on 14 February 2022 will be reversed, effective at the open on Monday 07 March 2022, in order to assign a value of zero to the distribution in light of the circumstances detailed in the 02 March 2022 notice referenced above.
Accordingly, the open price of Evraz will be adjusted to include the previously calculated distribution value of GBP 1.8875197296, with it subsequently reverting to its market price immediately after the open.
For the avoidance of doubt, no further adjustments will be implemented, regardless of any restrictions being lifted at a later date.
calm heads required,
1, rosneft just had a German deal approved on day 1 of the invasion,
2, the world still buys Iran oil, think about that one
3, only selected banks out of swift, a concesion to Germany mmm,
and the there is this article,
https://www.wsj.com/amp/articles/eu-leaders-weigh-cutting-russia-out-of-global-payment-system-swift-11645888337
extract,
There are workarounds to Swift that could allow payments even after disconnecting Russia from Swift. Fitch Ratings said banks could use other—albeit less efficient and more expensive—messaging systems such as telex. Russia also has developed its own payment system. While it currently has only 23 foreign banks connected to it, more could join if Swift is no longer an option.
China is another alternative. Beijing has its own payment system, too, with more take-up by international banks than Russia’s. By driving Russia and China together, critics say, a Swift cutoff could erode the supremacy of the dollar-denominated global financial system.
Cutting Russian banks off Swift altogether “would have an immediate big impact that Russia would quickly mitigate with other messaging vehicles,” said Richard Nephew, a former senior U.S. State Department sanctions official. “It would cause the Russians a lot of headaches, but I think its value has been dramatically overstated.”
omg i got them on my iweb account bought and held at the same time so this cant be right, i had thousands due what a bunch of crooks, can you print off what they told you incase things get legal ? , class action incoming i sense, this is a disgrace
that cant be right i have some in 212 bought on aim but i have not enquired, has anyone got there accustem from 212, sounds like we are getting shafted by 212, this will cause class legal action against them im sure, jeez what a nightmare this has been
anyone else been shafted by 212 ?
howd you like them apples Greggie 3383,
https://www.rt.com/russia/550045-putin-macron-call-ukraine/
"A meeting between French and Russian ministers of foreign affairs, Jean-Yves Le Drian and Sergey Lavrov, would take place “in the coming days,” with diplomatic work due to intensify in general, Paris said. Russia’s Foreign Ministry later told RT that the call is planned for Monday, since Le Drian was not immediately available.
"According to the French presidency, it would involve all the stakeholders, i.e. the Europeans, allies, Russians, and Ukrainians, and would be poised, subject to conditions met, to make possible “a meeting at the highest level to define a new order of peace and security in Europe"
my guess is a deal is done later today between macron, zalenskiy and putin and announce it tomorrow sometime, where they declare a possible independant state in the east and avert all out war and end the 8 year war,
troops from Belarus head home, ships head home, leave some troops in the east for possible peace keeping,
all sorted, west look stupid, putin happy,
GLA
my guess so far is sell the 2 subsdiaries to 2 seperate consortiums who go on to contract someone to mine it and process it for them probably NN,
subsidiary 3 becomes EUA 2.0 keeping Poaz and WK, possible JV also with NN
everything else is sold for massive liquidity event,
thats my dream scenario,
GLA
it would be funny if more shorts opened and a few big sells happen in the morning then the BOD issue a nice juicy RNS in the afternoon, or be really shrewd and let them do it for a couple of days next then release all the juicy JORC stuff,
im buying plenty more this week if it drops, dry powder at the ready
GLA
The Russians probabaly deliberately leaked the invasion plans knowing the outcome would lead to the evacuation of foreign nationals from Ukraine, this will furter destabillize the Ukraine economy which will encourage them to properly agree to fullfill the minsk agreements, pressure has been applied to Ukraine on this subject, this is what Macron is hoping to achieve, it also has the added bonus of making the USA look stupid if agreements are made without them involved
Looking at things more with a more positive slant i think its more likely that the board have so many interested parties and so many options to go through that they will take the time consider each option that is put to them while taking excellent advice from UBS, i would imagine the original proposal will have been adapted along the way also, all this takes a long time but in a good way for us in the end i trust
i take the fact it is taking so long as a very good sign rather than a bad sign, our assets are now huge and still growing,
when the licenses are in the name of the EUA subsidiary and the JORCs with NPVs are in the public domain i think that could be the catalyst for the sp to rise much higher than where we are now, followed by the grand plan and deal RNS
the time without knowing more is not so easy but thinking this way for sure helps me stay focused on the big picture and the outcome we all hope for,
GLA
Looks like there is a deal to be done to end tensions, this article was in the telegraph Sunday, the last paragraph is quite a statement, fingers crossed its close to being sorted out, seems like the USA and UK are going to look a bit silly when this is sorted out,
Mr Macron said that Russia had a right to seek assurances on security near its borders. "The security and sovereignty of Ukraine or any other European state cannot be a subject for compromise, while it is also legitimate for Russia to pose the question of its own security," he said.
Kyiv has consistently sought to play down fears of an imminent Russian incursion as it seeks to prevent harm to its economy, with President Volodymyr Zelensky urging Western allies not to stir "panic". On Sunday, the presidency said it believed a diplomatic solution was more likely than military escalation.
Moscow’s deputy ambassador to the United Nations, Dmitry Polyanskiy, meanwhile dismissed Washington's reports of a potential invasion as "madness and scaremongering," suggesting it was as likely as the US invading the UK.
yes DRB83, the 30% Platina and 70% Artemis should complete with regulatory approval on Feb 11th,
this will be paid for in shares , i calculated this will cost UFO around 475M shares in total that will still have to be admitted to shares in issue, the exact number will be within the incoming RNS if the deal completes on Feb 11th, however this is to pay for valuable assets which will hopefuly boost our sp once we are over the dilution humps and bumps , there is also a bunch of warrants which expire in march which i assume will be exersized, it all looks good for the long term here,
GLA
the bots are out in force i see, they can smell fear and are in full bla bla bla mode, its not very subtle tho suttle!
as far i can see the assets now in our " sphere of influence " ( see what i did there ) have derisked this as long as you can afford to hold,
a part of the perceived delay will be down to the extra work being done on the JORC by sgs and asi and also looks like extra licences are incoming, there are clearly many options available to the bod on all this and with the recent addition of a possible nkt extension licence application it looks like the bod must have liked what they have seen in the multiple jorc to be announced, its a smart move to grab any extra licence areas where more of the most valuable assets are, this is a good thing, patience is required,
when its all put together im feeling confident good deals will be done,
you could equally put a huge positive slant on the time this is taking, seeing as its growing and growing, getting larger and larger as we go, thus increasing shareholder value.
have a positive bot free weekend all,
well apart from suttle of course, what a bleep bleep! (hand on face emoji)
GLA
Max, good points on the share capitlal,
we will also have the payment in shares for munni munni if that deal completes on feb 11th, thats £2.5m worth of shares, i calculate approx 350m shares for that, although this is dilution it is part priced in hence the drop to .57, also it is to pay for and complete a deal that will give UFO a very valuable asset, i think this deal is huge for UFO and i will be very pleased if this gets over the line,
Bill Brodie Good, Chief Executive Officer & Technical Director of Alien Metals, commented: "We are very excited to be in a position to become the 100% holder of one of Australia's largest PGE projects. The acquisition will consolidate our landholding in this significant region of the Pilbara. The ownership of this major PGE deposit, located so close to one of Australia's highest-grade silver deposits, presents Alien with an amazing exploration and development opportunity. After many millions of exploration and development dollars were spent on these projects, the deposits in these tenements were essentially side-lined due to historically depressed metal prices. Subsequently, we feel it represents a significant opportunity to Alien shareholders.
GLA
BONANZA !!!
you dont see that word often in an RNS,
only trouble now is im going to have the bonanza theme tune in my head all day !!