Member Info for DavePenny

Christian Schaffalitzky, Executive Chairman commented: "The Directors are pleased that Artem Matyushok, a high profile M&A professional has agreed to join Eurasia. The experience of Artem and his knowledge of Eurasia can significantly speed up our Russian assets sale process". This is what we need next.

Gavin why don't you disappear now you have got your£4.50 .

Can't wait for the trading update 25th Jan.

Tue, 17 January 2023 at 1:28 pm GMT
(Reuters) -Russia's current account surplus hit a record high in 2022, the central bank said on Tuesday, as a fall in imports and robust oil and gas exports kept foreign money flowing in despite Western efforts to isolate the Russian economy.

Russia's current account - a measure of the difference between all money coming into a country through trade, investment and transfers, and what flows back out - came in at $227.4 billion, up 86% from 2021.

Russian imports fell sharply last year amid an exodus of Western firms after the West imposed sweeping sanctions on Moscow for its invasion of Ukraine.

But the Kremlin has sought to replace revenues lost from its oil and gas exports to Europe with a pivot to China, India and other Asian countries.

Trade between Russia and China hit a record high of $190 billion last year, Chinese customs data showed. SO MUCH FOR WESTERN SANCTIONS.

Every bit of positive news helps.

Neil Lancefield, PA Transport Correspondent
Tue, 17 January 2023 at 2:56 pm GMT
In this article:

RYAAY
-0.04%

Ryanair has announced record bookings driven by UK consumers planning foreign trips for Easter and summer.

Chief executive Michael O’Leary said the airline received 2.03 million flight bookings last weekend.

This beat the carrier’s previous record weekend of 1.6 million in early 2019 when seats were heavily discounted.

My average high 28p well under water happy to hold wish I had the funds to average down.

Airports are reporting a spike in annual passenger numbers following the end of the UK’s coronavirus travel restrictions in March last year.

Gatwick, the country’s second busiest airport, said it served 32.8 million travellers in 2022.

That is more than five times as many as the 6.3 million during the previous year, and is 71% of pre-coronavirus levels in 2019.

Gatwick chief commercial officer Jonathan Pollard said: “Today’s figures are extremely positive and clearly show London Gatwick’s continued strong recovery.

StillaNovice that's why I didn't reply.

Neil Lancefield, PA Transport Correspondent
Wed, 11 January 2023 at 8:29 am GMT
Heathrow said it recorded the largest increase in passengers of any European airport last year.

The west London airport was used by 61.6 million passengers in 2022, up 42.2 million compared with 2021.

It experienced a surge in passenger numbers after the UK scrapped all coronavirus travel restrictions in March last year, after having some of Europe’s toughest rules in 2021. Dosen't look like air lines are struggling.

Putin ordered cease fire 6th/7th January, live on Bloomberg now.

It was not immediately clear how the government would choose to implement the measures and whether they would apply to every deal. The last line is the most important.

2 minute readDecember 30, 20226:33 PM GMTLast Updated 14 hours ago
Russia outlines plan for 'unfriendly' investors to sell up at half-price
Reuters
A view shows Russia's Finance Ministry building in Moscow
A sign is on display outside Russia's Finance Ministry building in Moscow, Russia March 30, 2021. A sign reads: "Ministry of Finance of the Russian Federation". REUTERS/Maxim Shemetov/File Photo
Summary
This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.
MOSCOW, Dec 30 (Reuters) - Foreign investors from "unfriendly" countries selling stakes in Russian assets may have to do so at half-price or less, the finance ministry said on Friday, with the Russian budget potentially taking a 10% cut of any transaction.

Since Moscow sent its army into Ukraine in February, many Western companies - from energy producers to food and clothing chains - have left Russia.

Minutes from a meeting of a government commission monitoring foreign investment listed a set of measures that could apply to "foreign persons associated with foreign states that commit unfriendly acts against Russian legal entities and individuals" when selling assets.

article-prompt-devices
Register for free to Reuters and know the full story

The term "unfriendly" describes countries that have imposed sanctions on Russia in response to its military intervention, including members of the European Union, the United States, Japan, Canada, Britain and Australia.

It was not immediately clear how the government would choose to implement the measures and whether they would apply to every deal.

Tilly them 300,000 buys would have been classed as kippers a couple of years back . ATB Dave.

Merry christmas Ian and all genuine holders let's hope 2023 is our year.

Thu, 22 December 2022 at 4:45 pm GMT
(Reuters) - President Vladimir Putin said on Thursday that Russia wants an end to the war in Ukraine, and all armed conflicts end with diplomatic negotiations.

"Our goal is not to spin the flywheel of military conflict, but, on the contrary, to end this war," Putin said. "We will strive for an end to this, and the sooner the better, of course."

Speaking a day after Ukrainian President Volodymyr Zelenskiy's visit to the White House, Putin told reporters: "I have said many times: the intensification of hostilities leads to unjustified losses."

Russia has persistently said it is open to negotiations - prompting intense scepticism from Ukraine and its ally the United States, who suspect it wants to buy time after a series of defeats and retreats in the 10-month war.

Since February the conflict in Ukraine has affected all international commerce to some extent. The effect on our operations, including funding group subsidiary companies has been minimal to date. We took the decision to stockpile ore from West Kytlim at the beginning of the mining season due to our strong cash position, volatility in the market currently, and in anticipation of higher realisable sales revenue in the future. As such, despite producing 167 kg of PGM concentrate (113kg for full year 2021), we have made no commercial sales of platinum in the period, instead opting to retain this PGM concentrate, which has a net realisable value of c.£3 million for refining at a later date. The value ascribed to this concentrate is for the platinum content only and does not include any other PGMs or gold.

The previous RNS it was estimated value of $3 million for the stock.

Has anyone caculated the stock pile value 200kg of raw platinum concentrate up 77% from 2021.

Possible sale of Russian assets

The Company continues to focus on selling its Russian assets, a process led by Mergers and Acquisitions Officer Dmitry Suschov with support from Artem Matyushok, Non-Executive Director of the Company, as well as from the Company's Representative Office in Japan.