RE: What's next after RNs?10 Mar 2022 23:41
Prionace, a lot of talk was made over the last couple weeks about the asset values/fundamentals great/huge profit etc. This is all true. However the reason the SP tanked IMO was because all those things became irrelevant due to the Ukraine situation. Within days the outlook for Evraz became hugely uncertain based upon where all the assets are located & concerns over what will happen to all the assets once the war is concluded if it is concluded anytime soon. As things escalated in Ukraine, the pressure has escalated on world leaders to distant themselves from all Russian related businesses (hence today's move). With regards to any PI holding here now, their money is effectively now in limbo for an indefinite length of time. I expect months minimum & possibly years. This will not be back trading again in the next few days. Not with FCA being involved that's for sure. Investors could lose everything in worst case scenario where share gets delisted. It would then be difficult to get any of your money back!