RE: Nobody in their right mind is going to invest in Russia right now, that’s insane. It is not going to happen in a million years.12 May 2025 17:25
The company got a placing away a few weeks after one of the ACF reports found its way into yeh public domain from memory, quite handy really. The ACF report uses terminology such as, subject to, inferred resources, could be etc etc. Using statements such as these means there is nothing truly stated as fact, and as such no illegality as you like to claim had taken place.
I used to have a lot of investment notes like these cross my desk, very very few of them reached the projections noted and many failed miserably but the issuance of them wasn’t illegal nor fraudulent, just wildly inaccurate. Maybe read up on the law surrounding investments analyst reports although I think it may have been tightened up since 2021, not 100% sure though.
These reports clearly note they’re not for retail investors, and is a marketing communication and not investment reeearch. Have a good read of the additional disclosures for UK investors and you’ll get a feel for how much misleading information or projections can be included in these notes without any fear of legal recourse