RE: Keep a low profile13 Jan 2023 23:33
Kingalf, I'm a Noobie investor and even I understand (enough I think) what they are trying to do, thought the final details are still up in the air, they are looking to emulate companies like Polyus who are listed on several exchanges including Hong Kong, and therefore can interact financially with Russia and the West. The CFO has said the redomiciliation (and split probably) will have to happen before a payment can be made, and they are going as fast as they can on both, though they can make a dividend announcement subject to or in anticipation of that. And he is stressing that any dividend at the moment will be paid out of Kaz FCF. So no taint, no sanctions, they've got high powered lawyers looking at it constantly, and have said they're navigating 1,800 different sanction conditions. After all that, 10 months navigating shark infested waters, they're going to make a dividend payment that will get them sanctioned....... Nope. €:) Night all, hope you have a fabby weekend, I'm working tomorrow €:( boooo.