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My thinking is that since the Russian economy has been trashed, the gas revenues are essential more than ever. There is only one buyer and if Russia need the money they can be given whatever currency and price Germany dictates.
Provoking Germany is akin to poking a 78 year dormant wasp nest with a stick.

"Russia now effectively kicked off act 1 by insisting on payments in Roubles'
Russia will take whatever currency they are given. They're in no position to dictate.
The manufacturing might of Germany alone could wean the EU off Russian Gas to renewables.
Putin has broken the golden rule of biting the hand that feeds you.

Just because more people speak Mandarin in the world than any other language, it will never be the most widely used language in the world, similarly with RMB, economics, commodities and whatever else you think the Chinese has the most of. The world dances to the sound of the North American Drum and will continue to do so until we start seeing Mogu Mogu on our local shop shelves instead of Coca Cola. Russia's economy has been isolated and trashed into a long recession with a wave of the Western hand due to Putin's unhinged aggression.

Hi Longterm. I agree with Bigbad. There was loads of discussion on the BP board at the time and it is not a surprise to me that the SP hasn't sustained above 400. The SP there should be in the 600s 700s with a divi double what it is. I think we must agree to disagree or face a repeat of the same arguments from 2021. I can certainly see the same drop happening to SSE, especially with inflation high, as I said below.

Goldman Sachs raises SSE price target to 2,028 (1,936) pence - 'buy'

So no surprise that the SP could go so high with Goldman's recommendations and actions being the fuel of so many investor conspiracy theories. It could easily spike to 1800 or 1900, but IMO SSE will ultimately rest at levels reflecting it's yield.

I've completely top sliced here now selling last batch today at 1756 and will be keeping my free shares. Traded a few times here and held since 2020. Sticking to my plan as it was always to top slice at 1700.

Hi CSDI1962
I always opt for DRIP for investments unless I am trading the ex-div (selling before then buying back in)
I've just bought in to PSN today, long time on my watchlist and the sell-off has been overdone IMO. Seems like more upside than downside right now and an upcoming dividend in 3/4 months.
Cheers and GL.

Well got that wrong... Missed out on 25p per share with my top slice. We'll see. Plenty of time before next div.

The issue I see with SSE moving forward is the yield becoming lower than inflation, especially with the lower dividend on the horizon no matter the prices of energy. Also SSE is currently seen as an income / value investment rather than a growth investment. (The same drop in SP could happen as has happened to BP, since they halved their dividend, despite the oil prices soaring. )
Anyone else take some profits in the blue sky moment today ?
SSE is one of my largest holdings but I top sliced a large chunk today at 1708 which I'm looking to buy back lower.
We'll see..
Cheers all and GL

Well this is looking bad for the SP.
Bet the world is looking forward to Russia interfering in this. AAZ should make an announcement.
https://eurasianet.org/russia-reproaches-azerbaijan-as-fighting-escalates-in-karabakh
IMO They really should have announced a dividend like last years as well.

Hi All.
What's the reason given by the company for not pursuing a measured resource and a BFS ?
I'm sure someone has asked them in a presentation / AGM / email etc.
Cheers

https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-friday-25th-march-2022-via-vox-markets/#gs.ul4fcw
Technical analisys from Share Talk.

Well someone really wants some shares.
I top sliced part of my holding due to being overweight at 39.2001 (5651 shares) which was the highest price shown in the trades today as I write ! Result of a hopeful limit order I left ongoing whilst I did some gardening. I've got a large holding at an OK average now, so let's see what this is all about. Cheers all & GL.

Somethings up today, but no demand. Can't get a quote to sell even £500.

Well. Nearly back to 300p.
Next Ex-div should be in 5 or 6 weeks. 5.9p again.

Gold has been bashed back to $1930.
Because inflation is clearly being kept in check and the world is a safer place,
so no megalomaniac warmongers wreaking destruction in Eastern Europe or Iranian missile attacks.

hahaha as if InvestInValue will understand any of that

Which accompanied PAF share prices in the mid 20s previously, and that was before all that debt was paid off.
Gold price is still above US$1960 recently hitting over $2050 in the spike up.
BUT in ZAR, the current price of 29550 (Hitting 31170) is way of the 2020 highs 35600.

I'm figuring it's the US$/ZAR rate (low 15s) that's holding back the value of PAF, the highs accompanied rates above 17 and above 18 leading up to the 2020 spike.

Anyone want to speculate on the USD/ZAR rate. Inflation in South Africa hit 5.5% in December but this still lags the USA. With oil prices the pace will keep up prompting a higher rate, which will translate to a high SP in GBP... Make sense ?

Debt. The share price took a huge hit a few years ago when the finance was taken on for Elikhulu.
Would the SP take a similar hit on financing Mintails or Blyvoor ? I'm of the opinion PAF can sustain a good part of the development costs with income now that the previous debt has gone, still keeping up Dividends of 1p to 2p, meaning no shock to the value and share price as or when these projects are announced.

I'll hold and increase if the price hits the teens, aiming to top slice in the high 20s.
Cheers and GL

Because anyone who does their "research on Ukraine/Russia/eu/us/NATO and tweets istandwthputin or istandwithrussia" must be a total moron.
Hitler had his sympathisers especially in America. Putin has them now.

Hi Thommo
Yes, the big question is what price will the issue be at ?
My holding is modest so I've recently sold taking the profit from 122 to 131 in anticipation. Like last time the issue price could well be at a discount to today's price to be attractive which would no doubt drag the SP down, at which point I'll buy back. My capital to reside elsewhere for other dividends in the meantime.
If I'm wrong then I'll have to consider this investment as the one that got away.
We'll see. Cheers and GL.

So there you go. There is no schadenfreude from me. I've been a champion of Evraz for years in the past.
What will happen to the Solar Powered Steel Works project with BP and the other non-Russian Assets ?
Sadly I doubt the current non-sanctioned share holders will get anything.

People are ignoring the obvious truth about Evraz.
A Russian board or directors living in Moscow who have hundreds of millions/billions in the bank. It does not take Sherlock Holmes to figure this one out. They'll flog the ROTW assets or have them confiscated/sanctioned, keep their Russian ones, keep all the cash, delist and cosy up to the Kremlin.
The main shareholders are selling out by the looks of it judging by the number of paid rampers on here encouraging the liquidity to allow them to do so.
It's amazing to read some of the hopeful posts of people suckered into the herd saying how it will recover and loads of money to be made etc etc etc. People never seem to learn. "When something is too good to be true.."
I've been invested here for several years and recently sold my free holding at 613, bought it back in the 60s and 90s and sold out again at 106. That's enough for me. I'd rather watch from afar, even if the war finishes and the SP does rise, but the history of Putin in Grozny tells us otherwise.
It was nerve wracking enough to be investing and trading this shares before the pandemic, let alone now.
GL to all the genuine traders and investors.