Sale Concluding 2023 Onwards13 Feb 2022 13:56
With current geopolitical tensions and a risk averse BOD, it wouldnt surprise me if any type of asset sale doesnt occur this year. The usual evangelists will label this as deramping, green box etc etc, but we have to be pragmatic about the situation.
Despite the assets in the ground, they are worthless if they cant be exported due to sanctions (or potential of).
Any prospective buyer, be it Japenese, Chinese or whoever wont buy assets from Russia in this climate, so we should brace ourselves for a declining share price and top up where we can. Its still early days, and there could be many surprises to come, including spooked institutions who have already invested. Buckle up and good luck all.