Member Info for JohnNth

One should hope so, but Z hides behind excuse that under Ukraine constitution, president is not allowed to cede territory; he would be in breach if he did so.

This is why election in Ukraine is necessary; to be fought under revised constitution which would give powers to the newly elected the full powers to negotiate.

Two sides as far apart as one can imagine. Russia is demanding further pull backs by Ukraine in four regions they claim, and Ukraine doesn't want to concede any land and wants to join NATO.

Not sure what happens next....It looks they'll just have to fight it out.

@Duvv

Nesis did say there is nothing stopping CORE from being listed on LSE right now. This was in August 2024 at CORE Capital Markets Day presentation.

For evidence, click below link and listen in from the horse's mouth in Mr. Nesis for 2 mins from exactly one hour onward.

https://edge.media-server.com/mmc/p/qza39mby/

Two years audited accounts requirement does not apply to CORE.

@Duvv...CEO Nesis said last November, there is nothing stopping CORE listing on a western exchange right now, but the board agreed not to do so in the best interest of the company without elaborating. In fact he said the company should bulk-up before listing elsewhere.

You are correct on 2 years of full audited accounts but this does not apply to CORE as it is the same company as previously listed Polymetal International Plc on the LSE.

I don't believe Solidcore have any interest in mangazeya Plus, but wouldn't bet against Alex Nesis having something to do with it. He sold his stake in CORE to Omanis after selling Russian business and disappeared off the scene.

IMO re-dom to Kaz was not only to facilitate sale of Russian assets, but also for not having to account to shareholders on the price and whom the assets are sold to. I'm sure the rules on the AIX are not too dis-similar to the LSE, as NASDAQ was closely involved in setting it up in 2019. The problem lies with the exchange authorities and their will to enforce regulations; they're juts grateful that a company the size of CORE has chosen to list in Kaz.

At the time of sale I recall Nesis the CEO said he was disappointed with the price obtained for Russian assets. Main reason cited was that big Russian miners were on West's sanction list so the company could not accept their bids and hence had to accept bid from Mangazeya Plus.

Nesis also said the company was liaising with OFAC of US to ensure it did not breach any sanctions. According to Nesis, OFAC have cleared CORE to use Amursk POX facility until Ertis POX comes on stream in 2028. Right now, CORE is not in breach of any western sanctions; EU or US.

As for divis, I don't believe this will happen until CORE lists on western exchange, and they won't be doing that until independence from Russia is in place. I'd say latest by mid 2028...we may be in for an interim and a special dividend in the second half of 2028. Only way it can be sooner is if there's peace in Ukraine and a final agreement is reached between the two warring parties and sanctions lifted.

@Selevi...it was a stitch up imo and I called it out loud and clear at the time. There were better options available but mgt chose to give away the assets.

Did Alex Nesis give away his assets?

I somehow don't think so. I'm sure he looked after himself somehow............

Saying that. one should not read too much into statistics such as that company have just one employee. Records are updated when the next company return is filed with the authorities and that may not be due just yet.

Trump says "“Everything out of his (Zelensky's) mouth causes problems, I don’t like it, and it better stop.”

Trump is dead right. Putin absolutely hates Z and imo that is stopping him compromising anything re Ukraine. Putin does not want to let Z off the hook; wants to seal his fate once and for all.

For sake of Ukraine, Z the dictator and sole country spokesperson, should step down and let someone else take charge and lead the country forward. In the first instance, he should take Trump's advice and stop his constant daily bleating.

I do accept the company did not make this clear when persuading shareholders to vote on re-dom to Kaz in 2023. Evgeny Monakhov (POLY Investor Relations) told me at the time, re-dom was needed to sell Russian assets for a fair value and the company would relist on the LSE within 18 months.

@Selevi...it's about supply demand. If CORE was to scoop up all stock coming to the market then price would rocket. Lot of holders, including myself would then be motivated to properly register with Kaz broker and sell the stock.

There's been lot of clamour on this board for CORE to list on a western exchange which would provide liquidity. But then, it would have to abide by the rules, including any sanctions on Russia; situation from where the company managed to free itself in 2024.

There is nothing stopping CORE from listing on a foreign exchange. The main and only limiting factor is reliance on Russian facilities to process the ore. This situation can only change in 2028 when its Kaz ore processing facility comes on board in 2028 or a peace agreement with Russia and lifting of sanctions.

I can't see CORE listing on any western exchange at least until the war in Ukraine is over and sanctions on Russia lifted, or until when the Ertis POX comes on stream in 2028 whichever is sooner.

Listing on any other exchange before such events would make the company susceptible to existing/new sanctions on Russia and it doesn't want to expose itself to that.

Hence, for now the only option left open for the company to return value to shareholders is through share buy backs.

Both Trump and Putin have two things in common; they dislike both Zelensky and the EU. It's like enemy of my enemy is my friend ie. Trump sees Putin as a Frenemy.

Putin flatly refuses to compromise with Z at the helm in Ukraine; especially in most recent days when Z have ridiculed Putin daily regards attendance at conference in Turkey. Trump dislikes Z for his own reasons.

IMO interests of Ukraine would be best served with someone else in charge.

Further, Trump is committed to winding down US presence in europe; he would not be much disturbed if Putin caused more turbulence in europe as he now sees EU through the eurozone as a serious competitor to the supremacy of U$D in the near future.

Trump would like nothing more than a dead €uro, and so Z loudly and repeatedly calling for Ukraine to join the EU won't be going down well with Trump. More countries joining the eurozone means stronger €uro.

Here's a quote from the past:

"We have no eternal allies, and we have no perpetual enemies. Our interests are eternal and perpetual, and those interests it is our duty to follow." LORD PALMERSTON, remarks in the House of Commons defending his foreign policy, March 1, 1848.

"This isn’t diplomacy. It’s blackmail dressed as negotiation. And it confirms what we’ve known all along — Putin isn’t coming to the table for peace."

Putin did come to the table for peace and agreed to one in mid 2022, which would have kept Ukraine in tact bar the Crimea. Z walked away at last minute on advice from BoJo. He then used ordinary Ukranians as chips to try win back what he lost, but have now run out of chips (cards according to Trump).

Putin have comedian Z by the tail and now refusing to back off. The fun all of a sudden have stopped for Z.

May be he should try stepping aside and let someone else deal with Putin, who is hell bent on punishing him.

Putin will not settle for anything less than Z's downfall, and Z should waste no more time and do just that...for the sake of the brave Ukranians who have suffered enough.

Both the resolutions makes total sense to me.

In his most recent update, Nesis did say he wants to double the size of the company; preferably buying mining rights as developed mines/assets are too expensive in the current climate. So one way to hedge such risk is to include issuance of shares in any bids (purchase price) for mining companies, which would mean risks are shared with shareholders of the selling company.

Regards purchase of shares, given the liquidity on the AIX, the company may have come to the conclusion that for now only way to return value to shareholders would be to repurchase its own stock; or

It may be that before any bids are considered to acquire assets through issuance of shares, company may feel it has to boost the CORE sp beforehand so as not to give away under-valued shares in abundance to owners of the selling company.

Read between the lines, and one can see significant increase in sp in the near future

All the Best and please DYOR

Agreed mineral deal could mean the following for FXPO:

1) Front line freezes in the war with Russia as any forward move may impede on minerals (lands) included in the deal with US. FXPO assets can now be regarded as 100% safe from falling into Russian hands, and with it the transportation route using Dnieper river for shipments from ports in the Black Sea.

2) It would also pressure Russia into an early ceasefire as it is now restrained from occupying more land. Chance of a ceasefire is significantly increased and with it chance of an early general election which will see the back of Zelensky and his corrupt cohorts.

3) Big involvement of US and potentially European companies in development of Ukraine will raise governance standards and protection of corporate investments. I should think work on this will begin in earnest asap, and FXPO case could be interpreted as an early test.

Whether one likes it or not, lot of credit goes to Trump. Isolating Z as the biggest culprit in the war, Ukraine grew much closer to UK in recent days which may have saved the day for Ferrexpo (UK registered company).

All looking good; of course the devils in the detail which should be out shortly.

Tomorrow marks 100 days in office for Trump, who has been very kind to Putin and Russia and Zelensky and Ukraine needs him and cannot do without him.

Trump wants to show progress of his presidency, so there is more than an even chance both Putin and Zelensky coming into line and agree to a ceasefire by tomorrow.

Let's hope!!!!!!!!!!!!!!!!!!!!

Details are emerging of a potential peace deal following impending ceasefire in the coming days. One such condition imposed by Trump is that Ukraine would regain unhindered access to the mouth of the Dnieper river and the second area of Kherson province would also require Russian withdrawal. This is great news for FXPO as the Dnieper river is absolutely crucial for transportation of ore by barges to the port of Yuzhny on the Black Sea.

The company will re-emerge completely in tact bar the legal wrangling, which would also disappear after UKranian elections.

All looking very positive

All the best and please DYOR.........

End is nigh for Zelensky as ceasefire will trigger a general election which he is bound to lose; that is if he stands for re-election.

It will also be excellent news for FXPO as persecution of Zhevago will come to an end and company will be free and able to resume normal business.

Momentum towards ceasefire building....could be declared as early as next week sometime; well in time for the Moscow victory parade on 9th May.

It is an accepted norm that a person who loses is not best suited to make amends, and that applies to almost every situation. Hence, it is only proper for Z to stand down and let Ukranian people decide who should lead them on the path to peace.

Https://www.msn.com/en-gb/news/world/donald-trump-hits-out-at-volodymyr-zelensky-on-prolonging-killing-field/ar-AA1DtQ42?ocid=msedgntp&pc=U531&cvid=fbef4a516ed047a5acc2f7ce5e9c25f1&ei=35