So..........2 Nov 2023 09:16
..........whose expecting an RNS this evening or tomorrow morning?
Will it be Option extensions or something more meaty?
Reading between the sea of green boxes, some valid points have been raised regarding whether a successful sale completion can be achieved, with example given where companies have fallen short. Personally, I feel Eurasia differs from those that have not seen a satisfactory conclusion for many reasons: Although Putin is attempting to shore up the rouble by limiting the outflow into other currencies, there is undoubtedly a more politically motivated reason behind this. He has stated many times that he will impose heavy sanctions on those companies who are politicising their business decisions and affecting Russian workers in the process. Eurasia is the antithesis of the companies he describes. They have always displayed strong social awareness in assisting the local community. The asset sale process was well underway before the invasion, the only thing changing is the need to sell 2all" Russian assets, due to the limitations of working across the geopolitical divide. The bod have acknowledged the war has impacted the achievable value of the asset sale, and most investors appear accepting of this reality. It's fortunate that, due to the subsid formations, the bod have a great deal of flexibility in how they proceed the sale. Nornickel have North American assets, there's certainly an opportunity there. Is D.S, as a Russian national, going to move profits from Kola asset sales into W.K, under a new umbrella? There are so many options available to the board, I could waffle on but I've got a meeting in ten.
Good luck to all those with the capacity to display humanity.