Member Info for Pitterpatter

Could possibly put a stop to NTMK. Little point in that continuing if PLC was to re-list.

Or that continues and the fall out gets dealt with sooner.

Won’t believe anything until I see it.

Our governments are more likely to fine locals taking up NTMK, rather than compensate right now.

War still ongoing.

Sanctions were inevitable. No one is arguing that.

Were you being sarcastic initially Jotom ?

Sanctions will literally have opposite of intended effect if TG group assumptions are correct. Russia to win, foreigners to lose. If this plays true, I’d suspect sanctioned funds could be used to compensate foreign holders eventually.

As you suggest, Evraz was not sanctioned for many years previous to this, which does mean a lot of foreign cash is tied up in it. With transfer of PLC assets to Russian based NTMK, foreign holders potentially come out with 0 all round, whilst Russian holders cash in historic assets.

The system is clearly broken. What’s the eventual recourse across the board.

@jotom What exactly does that have to do with the price of fish.

Sanctions were placed to restrict Russian funds following the war. At the rate it’s going, it’s everyone except Russia that is set to lose out.

How many years Evraz was not sanctioned is of no relevance here.

It’ll become a serious problem when Brits start extracting cash and migrating in numbers too.

UK markets are a traders paradise. Only so long that can last before it collapses. Evraz is a giant reminder that it’s best not to invest in the UK.

Where’s the next daily 10 bag then folks ://

@tep1

Before you get into the full process. Assuming SIPP shares are held with broker, you’d need to be prepared to do below. This is just the start of an even more complicated process.

Procedure – shares with a broker; online inspection by a Russian notary.

• Collecting evidence and completing the application form is significantly more complicated.

• Collecting evidence:

• Evidence of holdings on the required dates (from at least 4th of August 2022 up to (including) 22nd of July 2025 can be obtained by having a Russian notary take screenshots of your online brokerage account. This is sometimes called a ‘notary inspection of an online account’ or ‘protocol osmotra’.

• You would normally provide the notary with the login details of your online western brokerage account.

• You would often join a session via a video connection.

• Not every notary offers this service and it’s best to work with a notary that is experienced with this process.

• Further translations may be necessary if the language settings in the online account cannot be set to Russian.

• Application form is more difficult to complete because of the required chain of custody.

I’d hazard, if compensation is a thing, it wouldn’t be seen until sanctions are lifted and the position of Evraz PLC at that time is evaluated. Chances are, there will be no compensation. By all rights, Evraz could have easily folded by now.

This would be the same time we’d know if there’s any recourse for foreign investors taking up NTMK shares.

TG pushing complete loss already on PLC and no foul on personal level going NTMK route. Not too confident foreign governments will view it the same way in the end.

References to POG have been made. This is like comparing OneStop to Tesco. One of these wouldn’t raise eyebrows, the other would create headlines.

Won’t foreign NTMK shares go into type c accounts, which means they cant be traded or sold, rendering them just as useless as PLC shares anyway.

‘Evraz plc remains under strict UK sanctions, which have effectively cut the company off from the UK financial system. While the sale of its North American assets has been completed, any dealings with the sanctioned parent company and its remaining Russian operations are forbidden for UK persons and entities’

Not sure how taking up NTMK allocations, sending detailed paperwork to Russia etc, gets around above. By association, foreign/UK holders will only have NTMK shares due to their existing holdings in PLC and going through the extensive reallocation process. With the complexity of it, it’s not like any transfers/foreign NTMK holders will be able to play the ignorance card. If the process was automatic, this would have been an option.

Seems there’s potential to lose more than just everything by acquiring NTMK shares based on existing PLC holdings.

It’s the LSE that stinks, not so much GILD. Market markers appear to be nothing more than peasants who only believe in one way to get people buying shares. The whole London Stock market sucks right now

I see MoneySponges recommendation of BIDs has gone down like a stone. He’s doesn’t rate this share at all which tells me good times are in the horizon.

Have you cut your losses in GFin yet Money ?

You need 1000% rise there to break even after their 90% discounted raise.

You say the market standard is 30%… hmmm. What does that tell us then.

Is he though Bowler ? If you look on the GFIN thread you will find a post of his after the 10:1 they had telling holders not to cry over spilt milk. He’s not invested here btw….

So your investment in GFIN is one tenth of the value to what you put in and that’s the better business. Ok.

As I said, if you are trashing this whilst you were praising that in November 2022, it can only speak good for GILD, if you catch my drift :)

Not going to happen money. You chose GFIN rather than GILD, says it all. You were more than happy there until you got blindsided. You’re better off taking your frustration out with GFIN.

Good luck Dast. Just be careful not to follow Moneys lead with the likes of GFIN. 1/10th of value between the time he entered in Nov 22 and now. Even flipping has its price.

No Frankie today. How surprising.

If this news was the opposite of what it was today, we could have seen and expected a 20% - 30% drop… so why does this not reflect the same when positive. It cannot just be because MMs aren’t holding shares as that would surely be unlawful.

I have to agree with the multi bagging potential here, the result of A directly accommodates and supports outcome B - The coiled spring effect. Not saying it’s right in any context, but is what is seen again and again across many shares like this.

GLA

Nope. Still not listening but am still holding :) Do you notice how some have returned at a whiff of bad news ?

Not really a surprise, has been uncertainty in the area for a while. Todays RNS has caused a market over reaction, meanwhile I’m seeing posts elsewhere suggesting a pending bull market coming. As long as the anticipated dividend comes around June/July time, it’s business as normal with an expected upturn the other side of current geopolitical differences.

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You and Frank have called people idiots multiple times and have both cried because people are mean to you. This generation snowflake we find ourselves living in, is really something else.