Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"10 AUG, 12:04Updated at: 12:22
Raspadskaya not to pay 1H dividends
The company did not pay dividends for 1H 2022 either
MOSCOW, August 10. /TASS/. The board of directors of Raspadskaya has recommended not to pay dividends for 1H 2023, Russia’s major producer of coking coal said in a statement.
"The Board of Directors has recommended not to pay dividends for 1H 2023," the statement reads.
"The Board of Directors does not currently consider the payment of dividends to be in the best interests of the company and its shareholders given the persistently high volatility in key sales markets, geopolitical developments and existing restrictions, as well as the business growth plans and financial result for the reporting period," Chief Executive Officer Ilya Shirokobrod was quoted as saying.
The company did not pay dividends for 1H 2022 either.
Raspadskaya’s production complex includes seven mines, two open-pit mines, and three processing plants in the Kemerovo Region, as well as one mine in the Tuva Region. The company’s reserves total 1.9 bln tons of coal.
Evraz owns around 93.24% of shares in Raspadskaya."
OK, there is a chance that this could have changed, but I doubt it.
Cheaply relative to what though? The August 2021 price of £15. I see £6.5 to £7.0 being possible. (I do hope that it's more though!) Moex present price around £4 or so. Others views?
GLASH.
Do you think that this will give a certain leader a pretext to invade?
Https://interfax.com/newsroom/top-stories/94792/
"Polymetal could commission POX hub in Kazakhstan in 2028, capex $700 mln-$800 mln
ASTANA. Sept 21 (Interfax) - The Polymetal board of directors could approve the budget for the investment phase of the POX hub project in Kazakhstan at the end of 2024; the autoclave would in the baseline scenario be delivered to the site in the summer of 2025 and start operating in the summer of 2028, the gold and silver miner's CEO Vitaly Nesis told Interfax.
"We will update the estimate taking into account the relocation of the site to Kazakhstan, where prices for building materials are different, and some technological aspects will also change. Again, inflation must be taken into account. But I believe $700 million-$800 million is a fairly accurate estimate," Nesis said, when asked about project capex.
The new hub will process concentrate from the Kazakhstan-based Kyzyl field and purchased feedstock.
"Given that we want to duplicate, if possible, all design solutions of the second stage of the Amursk POX hub, the capacity will be set at 250,000-300,000 tonnes of concentrate per year, depending on the sulfur content. Kyzyl will provide 60% of the feed, the remaining 40% will be sourced in the markets of Central Asia and Western China. We are still five years from launch, so the task is quite feasible. Moreover, Kazakhstan has declared a major increase in investment for the mineral development, and the gold mining industry in Kyrgyzstan is developing actively. I think the new plant will easily be fully utilized," Nesis said.
Polymetal currently processes concentrate from the Kyzyl field at the Amursk POX hub in the Khabarovsk territory. But the company is now looking for buyers for its Russian assets. Polymetal expects to continue to process the Kyzyl feed at the Amursk hub under a tolling arrangement until the plant in Kazakhstan is built.
"There'll be a tolling agreement. It has already been concluded, and its long-term conditions are being cleared with the regulators. That is why the choice of counterparty in a transaction for the sale of Russian assets is important - we need to minimize the risk of processing the concentrate for Kyzyl," Nesis said. "This aspect of the transaction, in preliminary communication with potential buyers takes a lot of the time we have available perhaps even more than, for example, conducting the cost assessment," he said."
GLASH
Sign1
Is this "Terrible news" for dividend payments?
Do you know what that date is compared to the timescale originally publicised or envisaged? What is in reality the actual delay (days, weeks, or months)?
Mevelum, thanks, I see that as very good news, as I was starting to wonder if an extended hiatus from MOEX trading would hamper potential bid progress for the Russian unit. This now seems not to be a prospect.
GLASH
Budgie. Just more deflection and insults...
You have been cheerleading for the tories, and running down other parties at every opportunity, that's your right however misguided. Do you deny that? (I'm assuming no).
13 years, Show us all the tory successes. (It won't take long).
Hint, it's not these........
HS2 now at 109 £Billion, not going to London Ctr, also put back another two years. "‘Politically idiotic’ decision to scrap link to Manchester condemned by Northern leaders".
"Scathing report blasts ‘unimaginable’ £37bn cost of coronavirus test and trace system, no measurable evidence that scheme made difference in slowing progress of pandemic, cross-party committee finds".
"Prime Minister Rishi Sunak has made cutting waiting lists one of his priorities for 2023, pledging in January that “lists will fall and people will get the care they need more quickly”.
The new data shows 389,952 people in England had been waiting more than 52 weeks to start routine hospital treatment at the end of July, up from 383,083 at the end of June."
I don't need to insult you. I only need to post the reality of tory governance.
PS.
Since on the AIX Poly share price has moved up from around £1.9 (on LSE) to £3.4. That's an increase of nearly 80%.
I'd be happy with that in two if not three years normally, let alone 5 weeks.
GLASH
Budgie. Just more deflection...
You have been cheerleading for the tories, and running down other parties at every opportunity, that's your right however misguided. Do you deny that? (I'm assuming no).
All I'm asking is for you and your like to show examples of where they have succeeded. Are you now saying that you don't understand because of the words "world beating" If not, you must be the a very atypical accountant. If you don't know of any (neither do I) just keep stum on the matter, acting dumb when put on the spot, just makes you look like sunak at PMQ's!.
Dividens will come. Think yourself lucky you havn't lost the lot like POG shareholders.
Budgieofwarks. Yet again it's simply more deflection from you. If you on such solid ground post some "world Beaters"
It's great that all on this site can see you and your buds for what they are.
If I'm wrong, post some facts, it's been THIRTEEN YEARS!
Just in case you missed this on the other thread. (I know you do have that problem, hence you never coming up with any tory "World Beaters"......
Now while we are here, please explain where johnsons and the tory parties final brexit agreement comes anywhere remotely close to what was said before the vote. (A simple one would be The Big Red Bus £350 Million give to the NHS phrase) or "No border down the Irish sea" promise. I've helped you with those two, for starters, but I'm expecting great things!
Budg, so as to make it even easier for you, I'll explain.
"I was also clear when I said, beyond the expansion of ULEZ, I will monitor all existing road-charging schemes to ensure they continue to bring the maximum benefits of improved air quality and reduced congestion."
This was a reply Kahn gave to the london Assembly on 17th July 2023
"Sadiq Khan (Mayor of London): Thank you, Chair, and thanks for the question. In May 2021, I won a mandate to serve as Mayor of London for a second term. During my first term and throughout my election campaign I was clear that, were I to be re-elected, I would remain committed to tackling the climate emergency and dealing with the blight of air pollution. I was clear in my manifesto that I would expand the ULEZ up to the North and South Circular Roads in October 2021. This was opposed by my main opponent at the time. I was also clear when I said, beyond the expansion of ULEZ, I will monitor all existing road-charging schemes to ensure they continue to bring the maximum benefits of improved air quality and reduced congestion."
Now it clearly ststes that he said that he would keep an eye on the future. There you have it, budgie.
Now while we are here, please explain where johnsons and the tory parties final brexit agreement comes anywhere remotely close to what was said before the vote. (A simple one would be The Big Red Bus £350 Million give to the NHS phrase) or "No border down the Irish sea" promise. I've helped you with those two, for starters, but I'm expecting great things!
Budgieof warks.
Now remember budg, if you don't post the three "world Beaters", I'll just repost you and your teams blabbers, (with a few choice words thrown in for good measure, after all, I can't make you sit on the naughty step, can I?).