Member Info for JohnNth

I think FXPO will eventually have to talk and settle as long as Z is in the office. Further, IMO any final settlement is likely to be lot less than the $131m set aside.

The charges levelled against Zhevago and FXPO dates back to 2021 and prior, hence before any such bilateral agreements were signed. I'm sure still Ukrainian authorities will be mindful of international law and all that, as they aspire to join the EU in the not too distant future. The fact that FXPo have shareholders in UK, Norway, US and Canada will imo influence the final outcome.

2nd RNS states:

"The purpose of this notification is to ............................................and/or cessation of the unlawful actions, and to request the Government of Ukraine to enter into negotiations."

IMO settlement talks are long overdue, and a provision of $131m c/fwd from 2023 should eb ample to settle all the disputes. In fact IMO final settlement would be lot less than this given lack of evidence both against Zhevago and the company.

In case FXPO reaches any settlement, I am of the view the amount should be reimbursed in full by Zhevago including the legal costs back to the company. IMO a worst case scenario is a settlement of less than $131m, as long as it avoids being bundled up in any mineral deal with the US.

As per the statement below, next important date is 21st March.

"In respect of the ongoing contested sureties claim, several court hearings took place in 2024 and 2025 without a final Supreme Court ruling and the next hearing is scheduled for 21 March 2025. If the final Supreme Court ruling is not in favour of FPM, the claimant may take steps to appoint either a state or a private bailiff and request the commencement of enforcement procedures, which could have a material negative impact on the Group’s business activities and its ability to continue as a going concern, as the assets of FPM could be seized or subject to a forced sale."

I'd be shocked if judgement of District Court is upheld.

All this goes away once comedian Z is removed from power

Seems FXPO wants to meet legal challenges head on and about time too. the company states the latest judgement is also in breach of laws of Ukraine itself; like I've said before it would create a legal tremor if allowed to stand.

Further, I note the company have not made any further provision in regards to the latest court judgement; meaning either that it is confident of overturning at the future hearing or that the amount is simply outrageous so ignored it altogether.

Company states there is currently a vacancy for Non Exec Director on the board. They should try appoint a prominent/influential person based in UK who has an ear of UK government.

@Johnsilk...you are correct and includes road, rail and ports. As for FXPO, it would still require maritime ceasefire so that barges can take coal down to ports using river Dnipro in the Black Sea for export.

Very important first step, and FXPO will be cranking up production as we speak and have stocks ready for mass shipments in the coming days and weeks.

We now need resolve of the legal disputes which imo can only happen if Zelensky is removed from power.

Important point is that Putin has agreed to a ceasefire in stages starting with energy infrastructure. Other areas like the maritime ceasefire require details to be worked out, and the work on this begins immediately.

I think we'll get there in a week or two

Https://quoteddata.com/2025/03/putin-permits-sale-of-some-russian-stocks-but-not-for-jema/

My view is that this war should never have started. Once started, it should've stopped in 2022 when there was a peace deal almost agreed, which would have kept Ukraine territory in tact bar the Crimea. Zelensky changed his mind at the last minute on advice from BoJo and we are where we are; over half million dead, 20% land lost, over $1tn in detruction, 8m people displaced, country's mineral wealth plundered etc etc.

IMO Zelensky carries the entire blame.

And bytheway, I've been invested in FXPO since about 2018 so I'm not here for making a quick buck.

Ceasefire will come once every inch of Russian territory is liberated. Putin wants ceasefire so he will go all guns blazing in Kursk over coming days to achieve just that.

Trump has shown sincerety and BIG favour to Russia which Putin would want to reciprocate to revive the flagging Russian economy.

As for FXPO going forward there are 3 issues of concern:

1) Its assets are not bundled up with other assets in any Mineral Deal with US

2) There is an early election in Ukraine where Zelensky is not returned to power.

3) The borders gets frozen exactly where they are at present. There are rumours that Russia will want to annex Kherson which it does not control at present in any peace deal. If this was to happen, then it would impact transport of ore by barges to the ports in the Black Sea as Dnipro river runs through Kherson. Currently the west side of the river is under Ukranian control.

Osg...keep FXPO matters to its own dedicated bb. I will not be responding to your comments re FXPO on this bb.

Sorry...I meant JEMA have no investments in Ukraine. I put UK in error.

I forgot to mention, read WhiteHorse7's postings; he is my Guru on this one. I'm sure he will correct me if I've got my information wrong.

Osg...I didn't for one minute realise you'd need advice from me, but since you're being polite I will explain below my thoughts.

Firstly, JEMA have no investments in UK but shed loads in Russia which have been blocked by Russian authorities since 2022. For the purpose of valuation (currently 56p per share), these investments have been written down by 99% by the fund manager. Further, these investments are earning divis which are also blocked in a bank account in Russia.

If sanctions are lifted by Russian authorities, these investments become live again resulting in NAV to jump to just under £7.

As you well know, Trump and Putin are getting on like house on fire, and there is every indication that Trump will remove sanctions on Russia soon and Putin will reciprocate, resulting in in significant rise in JEMA. IMO it could double within a very short time.

With FXPO, we are dealing with Zelensky who has a vendetta against Zhevago and will try his upmost to get his assets. For reasons I have already mentioned ie. judgement of just nationalising Zhevago's share of assets, IMO this does not stack up legally. Hence only way to get Zhevago is by nationalising the whole company. I have not read this any where, but applying a bit of common sense.

State can nationalise assets on grounds of national interest, and the Mineral Deal touted with US may be used by Zelensky to get at Zhevago.

IMO FXPO (in which I have substantial holding) have potentially much bigger upside than JEMA, but this comes with a risk which IMO is now absent in JEMA.

Thanks WH7. Over the weekend Trump said it might take with few weeks to work out cease fire, but today said it might even be tomorrow.

All looking very positive. I'm starting to smell rocket fuel already.

WH7...Thank you for the link. Further, why do you think this good news has not reflected in sp today which is down 3%?

IMO once the war is over and production resumes, sp is either worth £3 plus or nothing. District court ruling nationalisation of Zhevago's 49.5% in Poltava Mining is a non-starter; and the fact the court is not releasing info to FXPO is a testament to that. If allowed to stand, it would cause a tremor within legal circles as it runs contrary to both the laws of UK and the EU which Ukraine aspires to join. Zhevago do not own 49.5% of Poltava Mining even though he may be the 'ultimate beneficial owner' of 49.5% of the company's assets.

Even in an unlikely case the judgement is allowed to stand, FXPO cannot confiscate Zhevago's holding in the company; meaning all shareholders share the loss with Zhevago.

If the authorities are dead set on punishing Zhevago, they could do so more easily by nationalising the whole company on the grounds of national interest.

Trump said he and Putin will discuss "land and power plants"..."we're already talking about that, dividing up certain assets" he says.

Also, in his latest address on Friday, Putin refers to US as friend and a partner. Trump and Putin are bed fellows alright, and they both hate Zelensky.

Get ready for a Ukraine carve out where US gets the minerals and Russia gets the land.

Kremlin spokesperson Dmitry Peskov said "Putin wants Western sanctions eased and a presidential election to be held in Ukraine."

For Zelensky end is nigh.