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I suspect weeks if not months. They will avoid making a decision while conflict is still going on so will delay until things settle down or a ceasefire is agreed. They can delay for a long time by simply raising queries to Evraz's statements.
No chance it will resume trading this week l, also don’t expect any dividends while this war is ongoing and the current sanctions are in place, capital and cash preservation are key in the current situation. I do expect news on directors and positioning/re-strructuring holdings etc for the future but think we are here for a while yet.
I’m expecting lots of news this week; director, RA shareholding possibly, Removal of RA’s right to appoint directors etc, however I’m not expecting that any of it will make a difference and expect we will still be in this position for a long time.
Could we de-merge the Russian assets and an appropriate element of debt, in effect hand them back to the oligarchs through a dividend in specie that would remove them as shareholders in the international side of Evraz and keep the rest of the world operations with around half the number of shares?
Hi won’t do that at this price. Also even if he wanted to the proceeds would be subject to sanctions.
In the interim I would like to see Evraz using some of the dividend cash to buy back bonds, given they are trading at about 30p the benefit would be huge.
I think this will last longer and be worse than expected. I See more sanctions against Russian companies and personally would like to see them all thrown off the LSE no amount of money makes up for what Russia are doing in Ukraine an I couldn’t bring myself to profit from what’s going on
https://m.uk.investing.com/news/cryptocurrency-news/intels-energyefficient-bitcoin-miner-lags-behind-competitors-hashing-power-report-2589797
See comment re qbt at the end have I missed this somewhere else?
Well I definitely backed the wrong horse with this share. It was a toss up between BLU @ 0.18 and this. Had I gone with Blu I’d be £20k up. Im also starting to suspect that management are not upto the job of driving sponsorship and that it may be time to consider cashing out, luckily I’m in at 3.4 so not a big loss.
I know it’s Christmas and things are expected to be quiet but someone need to give the directors a sharp kick up the backside. They consistently tell us how much interest there is from sponsors but what we see it we have one proper sponsors giving cash, a couple that provide some kit and that’s it. We terminated the contract with our other sponsor and so far there is no hint of a replacement. There is no interest in the Co and nothing exciting happening.