Member Info for jotom750

"absolutely ludacris".

That is your view, based on what exactly?

They have from their U.S plants, made steel for armoured vehicles, so similar could be made anywhere else I'd say.

Also, their testing for such has been brought into question, hardly the actions of a "faultless" company.

Non of this says that they did produce steel for tanks, but to say it's "absolutely ludacris" is in itself silly.

"Ah sorry yes, OFSI, crooked lot!"

Why are they crocked?

Why have they taken the actions they have?

I'm sure people would like to know.

"The Sp was higher at $2000 spot so......try buying a large tranche at current price."

You have made my point for me, for those unable to buy more or wishing/needing to sell, this present unrepresentative situation is unreasonable to the majority of shareholders.

"They are building a POX plant which will serve the whole of Kazakhstan".

As i've said before, with a realistic share price, (obtained by a move to a liquid market), either loans could be obtained at good rates, or more shares could be offered, gaining extra finance to build up the company more quickly. Taking on loans from large shareholders with anti small shareholder goals (my view) is not for me at least the preferred option.

"Nothing adds up and still now they push timeliness out further and further for any return of shareholders value".

As most can probably guess this is to demoralise shareholders even further, get them to sell at this stupidly low price and move on. Hence no shareholder representation.

Continued.

“Armor plate does require 100% hardness testing,” the internal report noted. Still, falsifying data was a “widespread” practice, the company investigation concluded. Four employees admitted to falsifying hardness ratings; some even said there wasn’t enough time to complete the test for each plate due to the demands to keep the process moving, Bloomberg reported. “That’s how I was trained,” one employee said in the report. Even though his supervisors denied knowing he was doing this, the report determined it was “highly likely” that they all “were aware of the practice.” One manager admitted that he understood false data was sometimes recorded. “When you’re thrown in the fire, you gotta do what you gotta do to keep the line rolling,” he was quoted in the internal report.

It’s not immediately clear how many Joint Light Tactical Vehicles were equipped with untested plates. The Independent has contacted the U.S. Army for more information. An Evraz official, however, identified the untested plates as part of the Joint Light Tactical Vehicles program, as well as bing used on another armored vehicle produced by Oshkosh, Bloomberg reported.

The steel operator stopped deliveries of armored plating for the Joint Light Tactical Vehicles program once management was made aware of the situation, according to Bloomberg. Evraz told Bloomberg that the company follows “strict compliance with all industry standards,” adding that its armored plates passed “independent testing by a government approved facility.” The steel operator said it has not received complaints from customers about its products.

The alleged problems at the facility arose two years after the U.S. Army awarded Oshkosh a $6.7 billion contract to procure nearly 17,000 vehicles for the Army and the Marines. It’s not immediately clear if Oshkosh was aware of the falsified data or of the internal report. Evraz says Oshkosh was aware of its findings. The Independent has reached out to Oshkosh Defense for comment.

Law enforcement is now investigating the falsified tests, Bloomberg reported. FBI agents were visiting several of the steel operator’s facilities, Fox 21 noted last July. Evraz said it was fully cooperating with the agency’s requests. Evraz North America is a subsidiary of Evraz Plc. No evidence obtained by Bloomberg suggested that the skipped tests, false data or Evraz’s Russian ownership were related to the U.S. efforts to fight Russia in its war against Ukraine”.

“Armor plates for U.S. military vehicles produced in Russian-owned plant never passed inspection: Report-

Falsifying results of the mandatory tests was a ‘widespread’ practice by the steel operator, an internal investigation found. Kelly Rissman in New York Tuesday 11 March 2025 22:10 GMT”

“Employees at a Russian-owned steel plant operator in Oregon falsified inspection results on armored plating, including some used for U.S. Army vehicles, according to a new report.

An internal investigation, whose results were obtained by Bloomberg, detailed how workers at the steel plant operator Evraz North America bypassed mandatory hardness tests and inserted fake results for about 12,800 armor plates during incidents spanning from 2017 through 2019 at a facility in Portland. The plates were then labeled as tested and approved.

Evraz launched its internal probe following allegations of bypassed requirements in the quality control procedures, .

The Independent has reached out to Evraz for comment.

Oshkosh Defense, a “primary customer” of the plates, according to Bloomberg, has been awarded contracts by the U.S. Army for Joint Light Tactical Vehicles. The United Kingdom, Israel, Romania and other countries also use the vehicles. Oshkosh has built more than 22,000 of the vehicles as of 2024, and each are supposed to last about 20 years, according to Bloomberg. The Joint Light Tactical Vehicle has “consistently demonstrated its ability to fill critical capability gaps for U.S. and international militaries,” Oshkosh Defense’s website states”.

“Evraz’s 2019 internal findings found that beginning in November 2017, some employees failed to consistently use a machine to measure the hardness of the armored plates, circumventing a requirement, and then inputted fake results manually, Bloomberg reported.

John714.

What makes you think devil is british? To me, he/it is just a russ1an troll. Whatever he says, he has no shares, he's just doing his job from St Petersberg.

Not you CW, our devil friend. Just the same old ignoring of the reality of the situation and wall to wall propaganda.

Trolls just gotta keep trolling.

Mel1408.

Really ? So what do you deduce from the whole interview and Q & A session?

Who are the "corrupt individuals" you speak of?

Yes I did, it's seemed a very good way for a post not to get deleted. If it's OK with you, I'll continue to use it.

John, whilst i agree with your sentiments regarding "Russell" rearming, I do think that the war, the ongoing hostile actions (of all types) and the now (at least for four years) attitude of "uncle Sam" will focus the minds of European leaders more greatly than at any time since the 50's. The combined economies of these nations will far outstrip that of any an aggressor. (Larger European nations have economies totalling about $18+ Trillion, whilst "Russell's is $2 Trillion). People just have to get used to spending a bit more on this long forgotten "insurance of sorts”. Unlike some, I do see it leading to some form of combined defence force (if not in name certainly in cooperation) and a wake up call for nations that did in reality rely too much on others for defence.

For shareholders I see any cease fire “agreement” that does not carry Ukraine’s full approval as a disincentive to sanctions being lifted.

All that being said, it's a terrible situation to be in for all waring sides, let's hope it comes to an amicable conclusion soon.

So devil, as you are a NON holder of Evraz shares how would your bosses regard this?

"digging duties with starmers dads army."

When only one country has had to import troops from North Korea and let thousands of criminals and murderers out of prison to replenish those poor lads that have been sent to their deaths? Will your bosses think you're doing a good job or replace you?

Really cando?

What do you base that earth shattering conclusion on?

Please tell us all, we're on tenterhooks here.

I see that the gold price is up today to over $2800. That's nearly 38% increase for twelve months, it's an extra $770 per ounce. If the company can't make a fortune at this price it never will. So, why not just mothball the POX project for a few months and find a working stockmarket to list on? That would probably cause a 300% jump in the stock price on it's own, allowing the POX buildout to be fastracked with NO NEED for ANY external or extra borrowing.

Oh well, we can all dream! I wonder how much woods will drive the price down tomorrow.

GLASH.

It seems to me, that the BOD no longer work for the benefit of the majority of shareholders, they work for maaden.

My question is.

How do the majority change this situation?

GLASH.

So Ian.

" I really hope he just tears Kier apart "

Why do you hope that?

I would have thought that a more reasonable thing to hope for would be the war ending amicably.

Who/what was it that imposed the sanctions and why?

GLASH

"Agreed but its now nearly 3 long years since the corrupt and illegal invasion of a sovereign nation which have a dreadful effect on populations and soldiers on both sides to include six deaths during the 2014 annexation of Crimea by the Russian Federation, 14,200–14,400 military and civilian deaths during the War in Donbas,[1] and up to 1,000,000 estimated casualties during the Russian invasion of Ukraine till mid-September 2024."

Of course Forbes Ukraine estimated in July 2022 that the 2022 Russian invasion of Ukraine had a price tag of $400 million per day.[13] In November 2022 Forbes Ukraine estimated that, in its first nine months, Russia had spent $82 billion on the invasion of Ukraine.[14][15][16] In 2021, the Russian military budget exceeded by a factor of 10 that of Ukraine.[1]

What is the life expectancy for a male in the Russia today? 67.57 years. However this regime can spend billions supporting barrel bombing murderous despots.

How long does the average British man live? 78.8 years.