Member Info for Maksym

Look at the balance sheet of PGOK

These are loans issued for investment costs.

Ferrexpo is the main creditor of Poltava Mining and Processing Plant (about 80%) and the bankruptcy initiator owns only 15%. Therefore, the entire property complex will be transferred to the main creditor, and Poltava Mining and Processing Plant will be freed from all claims by the state, so in the long term this is a plus.

1,9 mln 1 Q

If in the 4th quarter of 2023 we shipped 350,000 tons of pellets, then in February it was almost 800,000 tons

In November and early December, the company actively ships products by sea from the port of Pivdenny. 5 ships have already been sent to China. Taking into account the rising cost of iron ore raw materials, its financial results for the 2nd half of the year will greatly surprise you.

I live in Ukraine, you constantly write nonsense. The company has never transported its products along the Dnieper, where the Kakhovka reservoir is located. Now export is carried out mainly through the ports of the Danube on the border with Romania, and this is more than 500 km from the site of the environmental disaster. Before the war, there was still export through the Yuzhny port. However, it is likely that this year it will be resumed in connection with the addition to the grain deal for which Russia may be allowed to export ammonia.

In the next quarter, the output will be about 1.4 million tons

Russian troops leave Kherson today

The dispute arose about a deal between the offshore companies of Zhevago as buyers and offshore companies as sellers of shares in Poltava GOK, then Zhevago sold these shares to Ferrexpo. Why Ferrexpo should give these shares to offshore companies, only a corrupt court knows. Therefore, there will be a fair decision in London if necessary.

No need to panic. Ferrexpo did not buy shares of Poltava Mining and Processing Plant from these companies, so the court in London will prohibit the transfer of shares to an unknown person and it has the decisive right, since companies outside of Ukrainian jurisdiction are arguing among themselves. And now someone is buying shares well.

From the peak today, has already fallen by 10%

After the destruction of Russian troops on Zmeiny Island, Ukraine opened the Danube canal to the Black Sea over the weekend. This is one of the major shipping methods for Ferrexpo

In February, the government of Ukraine asked large companies to pay taxes in advance, and companies that are part of the Ferrexpo group paid taxes in the amount of about $35 million.

They use the port of Izmail and Reni, which are located in the south of Ukraine and stand on the Danube. Then they are sent on barges to their customers in Europe.

It should be taken into account that the company paid dividends in January, paid taxes in advance and has a significant stock of finished products.

After the shares are redeemed, the company, already in the form of a limited liability company, will pay substantial dividends, since the company does not need such an amount of cash for development.

The company's net income in 2021 will reach 58p per share. It makes no sense to sell for 42p

The second

The company now earns $ 700 per 1000m3 of gas. Sales volume for 6 months 120 million months of gas.