Where We're At1 Mar 2023 08:03
Just my personal musings as to where we stand in this impasse. I have to state, "NOT BASED ON FACT", as the neg heads struggle to discern between opinion and fact. Hoping just to stimulate some debate on here and learn something.
With tightening sanctions imposed on Russia and the rather weak sanction retaliations from putin, it appears Eurasia have become unfortunate victims with regards getting the asset sale over the line. I only say this as I look at AMC and the done deal that can't be dragged over the line. I wouldn't of thought that SP would be lower than proposed special divi value under normal circs. There is a big positive when comparing our current SP and possible divi value with that of AMC, Eurasia's SP is ridiculously low. So, can Eurasia pull something out of the bag and get some kind of deal done? We know several parties are interested in our assets (As referred to in previous RNSs'), will putin facilitate deals for his new "friends"(China). He has said any deals will need government approval and expect vendors to take a hit. We know NN have a big budget put by for capital expenditure, could some kind of creative deal be done which satisfies the power crazed putin? After all, NN have assets outside of Russia.
If we are simply waiting for an end to the war, that could be a very long time, according to analysts.
So what does the bod do? Try to offload asap? Wait for the end of the war? Resign themselves to being a long term mine operator in Russia? Many other options are available :-)
I've resigned myself to holding for however long it takes, it would be too painful to walk away now, after holding for six years or so. The SP could drop further, who knows? But at these prices, it's a no brainer for the potential upside, all depending on individual's risk/reward appetite. As an adult I realise that I have to take responsibility for my decisions, especially when things don't go as wished.