Member Info for itisagame

Well it didn’t see £1.teens for long… just the wrong side of them now.

Cash was 9.8% of the fund on 28/2
Nav on 28/2 was 198.9p.
~£18m
Kazatomprom down about 20% since Jan, £1.2/3m.

That’s nearly 50p / share there alone.

The cash and shares held outside Russia (kazatomprom etc) will still have value.

I didn’t think this would ever see the £1.teens again.

Saw this on twitter :

“Rumor. JPMorgan begins to allow holders of depositary receipts for shares of #Russia to convert them into shares on the #MoEx - sources RTRS“

Not a bad week for the underlying stocks.
Gazprom +11.7%
Sberbank +18.3%
Lukoil +7.7%
Norilsk Nickel +2.2%
Rosneft + 26.7%
Halyk Bank +6.7%
KSPI.IL + ~10%
Novatek -1.4%
Magnit +23.5%
Gazprom Neft -2%

Like how a few others have indicated, i made my calculations and got £3.35 the other day here for the assets held (not even inlcuding GDRs), and that was when Rouble was 0.0085, now at 0.012 and the stocks mostly risen, the technical value here has increased substantilty over the last week.

Just waiting on the funds to balance their sales and by mid / end May this will no doubt have closed alot of that current value gap.

So.. 9th of may is the end of it and Russia withdraws then.

That license quoted with gasprombank expires 23/ April, so am I right in thinking it’s just we hold the cash for another month? Maybe pay a bit of interest ? Unless they extend it longer.

Int/2022/1424276
Takes effect from 24 March 2022 and expires 23 April 2022.

“Petropavlovsk reconfirms that none of the companies in the Group has to date been named in the sanctions against Russia announced by the United Kingdom, United States, European Union, and other nations.
“

Just walk in to another bank with a jar of gold as security and get a credit facility.

I’d say 10p is possible longer term, don’t rule it out ,$ 5.4m of conversion shares fixed at 13.5 cents waiting to be issued as it stands and about $30m more left to convert at 13.5 cent too.

Plus it has Debt coverage until end of year, with negotiations for remaining debt being discussed targeting a resolution In q4

Plus Lots in issue but Many shares are tightly held or off this market.

I’d Be happy with half that short term, but any case at 2p it’s a joke.

Also on Frankfurt (which is up 22% today. )

Me too with AJ, That now concludes this trade for me, small numbers but not a bad % profit for a year hold, I didn’t manage to buy the absolute lows or sell the highs but happy with what I got.

Still think Something could still happen but im off to different pastures.

resolving / redeeming / converting the preference shares is the key to cash shell riches here but that was just my theory and dreams, the official stance is still sell assets, distribute proceeds and wind down listing.

Tbh Thought id see a few auto reinvest the divs which could make it jump a tad.

Good luck

Thanks Gromshy, thought I’d check as they said 22nd,

I haven't with AJ bell yet.

Anyone got their div yet?

Down to 0.19%, as good as gone, have they finished their game now people have been robbed of all the loose shares ?

You know that you don’t see everything on the books with Level 2 right?

They have large trades being filled at ~1.8 from Friday still which will probably come up at the end of day today in the auction or after hours.

Think it Will clear the 60m left over from end of day auction Friday and fly back to 3s this week.

To sell ^