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Good news indeed. They should have all resigned just like POLY directors. We could invite Sir Mick Davi onboard..I wish..and some of his mates. He likes vanadium and already have FAR under his belt.
Jotom750,
Unfortunately, I have become such pessimist with age. I can only see the demise of the human race in time to come. You only need to watch TV for 5 minutes flicking through the channels to realise we are doomed, despite some noble souls who may cross our path on this earth.
:0 (
Damn, if we are suspended for years just thinking of the size of our dividend!
Jotom750,
I will drink to that. Let's hope this war ends soon and we can all get back to some normality. Damn, I almost miss the covid days now.
Jotom,
Very good arguments and I would add that Evraz must have contracts to fulfil on possible hedges for some time to come. I doubt that buyers make orders last minute when it comes down to big mining companies. Moreover, I would imagine that the don't even need to sell to China at discounted price, why? Since sanctions are imposed on so many Russian/Belarus companies the price of minerals will be much higher by then. It will be quite interesting to see how many governments will try to deal with sky high inflationary pressures.
We are all facing a massive recession ahead and the longest this was and sanctions last, the worst it will be for everyone.
Another exemple is potash, used in fertilisers. Belarus is one of the biggest producers and if we continue on the same road, we may have a food shortage.
Now..that's interesting
...up to 30 Sep 2021.
https://www.nationalworld.com/news/politics/uk-sell-weapons-russia-arms-exports-ukraine-crimea-3585359
Will any midea outlet mention or investigate this now? Absolutely not! That only shows me the hypocrisy of Western governments. There is no one out there who hasn't sold their souls for hard cash..no one can claim the high moral ground. The only innocents are being by bullets in Ukraine, Syria, Iraq..you name it.
https://www.nationalworld.com/news/politics/uk-sell-weapons-russia-arms-exports-ukraine-crimea-3585359
But according to data compiled by Campaign Against Arms Trade (CAAT), UK companies were granted 30 licences to export £3.7 million worth of goods classed as for military purposes to Russia between then and 30 September 2021, when data was last released.
This included £1.4 million worth of components for military aircraft, helicopters or drones, and £1.2 million of ammunition.
The figures are extracted from a database maintained by the UK Export Control Joint Unit, an arm of government charged with controlling exports of military equipment, or goods that could potentially be used for military purposes.
"Coalition of the willing " I mean
Jotom,
I will be short in my reply as I believe I should focus on the share and not politics behind this war.
I am not justifying Russia''s foreign policy, but understand them not wanting Nato's missile's in their backyard, just as the Americans would hate themail same in Cuba. Any country bordering Russia should know that.
As per the Russian people, that's for them to resolve. I suppose we don't want to force by gun an illegal regime change as the coalition of the willi'get did in Iraq that eventually opened the Pandora''s box in the middle east, which we all know how that ended.
Good luck all investors here.
French companies hesitant to halt business with Russia
No less than 35 CAC 40 companies active in country
Some 1,200 French companies are active in Russia, according to the Franco-Russian Chamber of Commerce and Industry, while French companies have 160,000 employees there.
Although they feel the impact of the war, launched on Feb. 24 through weakening ruble and higher interest rates, many French firms are still hesitant to jump out of the boat.
French companies that had suspended their operations in Russia following its war on Ukraine are not numerous.
https://www.aa.com.tr/en/economy/french-companies-hesitant-to-halt-business-with-russia/2527339
It is such a PR by the west to those who buy what the media says. Netflix can afford to stop screening films in Russia as they can restart at any point in time. Visa and Mastercard will be losing their home clients forever. Will the German government make their people pay for higher gas, like the UK government is? Absolutely no!
Where there is China there is a way.
"Sberbank PJSC said it’s looking at the possibility of issuing cards using Russian payments system Mir and China’s UnionPay after Visa Inc. and Mastercard Inc. suspended operations following the invasion of Ukraine."
https://www.bloomberg.com/news/articles/2022-03-06/russia-eases-reporting-requirements-for-banks-as-sanctions-bite
Hopsta, absolutely. I watch French, European, British and Amercan news channels and the vitriol is all the same. And since they banned RT one has little info from the Russia side to balance a little things.
I find it funny when commentators on TV as well as politicians appear on TV telling we all need to make sacrifices in ref. the price WE pay for the embargo, whilst they are on 150k plus salaries! Tell that to workers, the elderly and the less fortunate who have to decide between food or keeping warm.
As far as I am concerned Zelensky was a TV clown in his previous job (a fact) and should have stayed there. His lack of foresight by accepting overtures from America to join Nato shows he was played by the Americans who now turn their back on him when he asks for military intervention from them. They only get an American embargo which doesn't hurt the American economy and helps justify the return of Venezuelan oil at a discounted price which in turn helps the American economy. What a muppet.
This war is a horrible thing and should be stopped asap, but my point is that I don't trust Zelensky either. He expects the west to risk a nuclear confrontation with Russia so he can save his government.
Putin is crazy enough to oblige that.
Read and believe all it is said in the media here?
French TV says 17 adults were injured in the bombing of maternity hospital.
Ukraine says it is a genocide that happened in the maternity ward with Zelensky wanting the west to start a possible nuclear war with Put in.
Yeah, I believe the western media.
https://www.independent.co.uk/news/world/europe/russia-ukraine-invasion-plan-peace-b2031789.html
"Russia has claimed its invasion of Ukraine “is going to plan” but that it wants to “achieve resolution peacefully”.
Foreign ministry spokeswoman Maria Zakharova said Moscow’s aims did not include overthrowing the Kyiv government and that it hoped to achieve more significant progress in the next round of talks with Ukraine".
It is coming!!
SR, absolutely. It would be a bad PR and as the company says and many here agree, the decision is for the best interest of the company and the shareholders.
Nikkei is 4% up.
Oil dropped to $112
Gold has dropped too from record highs
Bitcoin is down too
The eyes of the world are on Turkey today as Russia and Ukraine meet
Things are happening and today will hopefully be a good day.
:0)
"Chelsea‘s billionaire owner Roman Abramovich has announced he will sell the club and will donate all net proceeds to the victims of the war in Ukraine.
Last week Abramovich, 55, announced his intention to place stewardship of Chelsea into the trustees of the club’s charity Chelsea Foundation – in a move he described was aimed at protecting the club.
But on Wednesday night he announced he will be selling the club as he believes it is “in the best interest of the Club, the fans, the employees” and the Club’s sponsors and partners.
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“The sale of the Club will not be fast-tracked but will follow due process,” he said in a statement. “I will not be asking for any loans to be repaid. This has never been about business nor money for me, but about pure passion for the game and Club. Moreover, I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated.
“The foundation will be for the benefit of all victims of the war in Ukraine. This includes providing critical funds towards the urgent and immediate needs of victims, as well as supporting the long-term work of recovery".
https://inews.co.uk/news/roman-abramovich-to-sell-chelsea-fc-and-donate-all-net-proceeds-to-victims-of-ukraine-war-1494957
As I said earlier, there are Russians and Russians.
It seems that many who sold today hoping to see a 40p drop tomorrow, post divi cut off day, are here to talk this share down so they can renter again.
I am afraid many who thought they would sell tomorrow, having secured the divi today, may not do so, which in turn will not help drop the sp.
The DAX and CAC ended the day at almost 8% up due to the news of a possible resolution to this war in the coming days. And oil has now dropped to $110 following the trend of positive news from the East.
As many have posted here the end of the war will certainly mean a boost to the share price of many Russian related stocks and Evraz should experience that.
We are not talking of a small aim stock here, but a company with over 70 thousands employees in many continents and cash rich not to mention with assets worth more than $5bl.
It will not be some muppets (me included) who will be influencing the share price by ramping or derramping the stock on a forum; it will be cash who will move the sp.
I for one am happy to hold now for the divi, whenever it arrives as well as the return of a realist market cap.
Off for today.
Good luck all holders.
Cheers