Of course he knows that a sale before Christmas is being pursued and who the NDA parties are.
So What would constitute inside information that would form insider dealing? Would be if a deal had been signed or Indeed fallen through and the chairman traded of the back of that information. And that information had not been released to the market yet.
The head of Sberbank, German Gref, expects the ruble to strengthen against the backdrop of an increase in foreign currency supply on the domestic market. He told reporters about this at a briefing following a meeting of the supervisory board of the credit organization.
“In general, we believe that the fundamental rate is in the range of 85-95 rubles, somewhere in the region of these figures, the ruble should be 90 plus or minus,” Gref noted.
Don't fall for the FUD. Sale this year is still on the cards. If EUA were about to go under, they wouldn't have challenged the wind up order.
We would have a very different RNS. However it's time the BOD update on the sale.
As per RNS below, I'd expect debt to be settled amicably.
Probably around £50k in the next two weeks.
The Company confirms that it received the winding up petition today. The matter relates to unpaid invoices, amounting to approximately £108,000 that are in dispute, and hopes that the matter can be resolved amicably and without recourse to further legal proceedings. The Company is taking legal advice in relation to the matter and further updates will be provided as appropriate.
Paying debt with sale proceeds reduces working capital. This will require more placings and shareholder dilution until sales proceeds are sufficient to clear debt and be sufficient for working capital.
Note none of the above is investment, ie procurement or development of assets to generate income.
I'm still waiting on TCs no sale RNS. Didn't happen.
But I'll tell you what we are still expecting, concentrate sale and asset sale. Still looking for a positive outcome here and with Ukraine finally coming round to the idea of peace talks, the war will hopefully come to an end next year.