Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I agree will probably be at firesale prices just to raise capital ffs.
Lukoil trying to clear its loan notes ($6.3b) in full to avoid a default...
https://www.bloomberg.com/news/articles/2022-08-02/lukoil-offers-to-buy-back-6-3-billion-notes-to-avoid-default
This from the HM Treasury, Office of Financial Sanctions Implementation on Designated Persons as updated on 2 August 2022 -
ABRAMOVICH exercises effective control of Evraz PLC given his significant shareholding and the shareholdings of
his close associates who it is reasonable to expect ABRAMOVICH could direct through his close ties with Abramov and Shvidler,as well as his power to nominate directors of the board. ABRAMOVICH is or has been involved in obtaining a benefit from or supporting the Government of Russia, as ABRAMOVICH and Evraz PLC carry on business in sectors of strategic significance to the Government of Russia.
I see your point Thai its messy but at the end of the day if it does happen the existing board will no longer have control of the company and therefore executive decisions won't be made for the continuity of the business as it currently stands.
With all due respect anyone who thinks the UK government is going to do anything to assist Evraz in conducting its business is a more than quite naive.
Its the perfect opportunity for them to moth ball the PLC. Look at what happened to Petropavlovsk...
But what incentive do they have to grant the license? Why would they want to help Evraz in anyway shape or form?
Liz Truss will also probably be Prime Minister by then too....
Surely this is 100% on the cards if the license isn't granted to allow the payments?
If Evraz can't service its debts its creditors will simply force an involuntary liquidation and administrators will be appointed to dismember the company and its businesses?
What are the ramifications of this if these aren't paid in September.
Involuntary liquidation by creditors?
Have already hedged my bets in the event that this never comes back.
BMN well positioned to pick up the Vanadium baton...