Member Info for Fresian

Quick 3 way Zoom call, Putin, Z and Trump 👍

He is on record recently saying he had no intention to sell having built the company largely from scratch. I guess everyone has their price though. IMO if it wasn't for the hostile govt, he might be thinking to take the company private.

I'm sure they'd love to buy it, but they would have to convince Zhevago to sell his 49% stake, which he won't

What's your opinion on the Minerals deal vs Govt hostility?

I've not seen the details of the agreement, but hope FXPO is not impacted directly. Market has taken it positively. The question for me is, will it help stop the government going after Zhevago and the company's assets?

Market hates uncertainty.

3 things need to happen for the investment story to be positive:

1. Resolution of the Zhevago claim, one way or another.

2. Cessation of claims against the company, be it by change of government or otherwise.

3. End of the war.

Even if the court decides in favor of the company shortly, there are still many legal claims to worry about.

It's on this guy.

This came from BoD over the phone?

This is a positive development. Get the corrupt claims out in the open for the world to see. Results are par for the course

Agree, but until we get resolution of the presidential order and litigation, the SP will be muted

Sharp sticks are no substitute for satellite guided missiles

What a guy. Happy to take money and weapons from the west with no possibility of repayment, ask for more at every opportunity,, and also sign an order to rob western shareholders of their investment.

US are forcing Z to the table, with rolling starlink blackouts and stopping weapons.

Was this the same in 2023?

https://www.rferl.org/a/ukraine-court-seizes-shares-zhevago-ferrexpo/32306929.html

Its not bad. It states their position clearly, which is one of confusion over the claim.

So what does Zhevago own exactly?

The Group reiterates that Mr Zhevago does not own any shares in Ferrexpo Poltava Mining, which is in fact 100% owned by Ferrexpo AG (incorporated in Switzerland), which is in turn 100% owned by Ferrexpo Plc.

Surely the legitimacy of the presidential order is questionable here as well as the process.

Good comment

Surely Zelensky was told not to sign before the meeting?

Is the cease-fire priced in the SP?

True, but isn't that Ukraine anyway?

I think having the US more involved could help suppress the worst of the corruption in Ukraine tbh. Guys with guns and suitcases of cash