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Lol, western ignorance, gosh....Mcatee unfortunatley people are blinded by the media machine.
Just watch this link and educate yourself to real geo-politics. Its a bit long but please, educate yourself.
https://www.youtube.com/watch?v=on1RrmspFIQ&t=327s
@MCATEE yes my friend, unfortunatley so. How on earth can anyone believe this is an "unprovoked invasion" as spread through media propaganda and our stupid leaders!!!
@ Stix01 This is a very complex issue, too much to type here. In a nutshell China and India for approx the last 5000 years have been more or less a contigious civilisation which at their core they have their own philosphy, Confucianism/Daosim and Hinduism. These are not religions as the West defines them but philosophies which is a very important distinction. Both these countries were the weathiest in the world up until the British and Europeans completely humiliated them (please read the opium wars and the boxer rebellion). Now they want to go back to being one with their people without the infuence in particualr of the Ab religions. This is also a major problem in Europe right now with the burning of the books. Why? because the idealogy teaches seperatness not unity (The first and the last, not the second, infact the second was created to repudiate the seperatness of the first). Bearing in mind the vast, vast majority of the people themselves dont even know whats in the book, they just go about their daily lives earning their bread and taking care of their families. None the less its a problem. A lot more complex but too much too type.
Whilst I completely disagree with any type of atrocities being a humanist myself and completely irreligious, the fact is China are going to lead the world, its just inevitable. They were ahead of the world for the last 2000 + years. China does not see "The rise of China", they see themeselves returning to their previous place, suffering a blip over the last few hundred years by the Europeans. India are growing at 6% this year and next, very shortly they will be the fourth largest economy in the world.
When Portugal started the exploration age in the early 1400s, travelling south to West Africa, their mindset was slavery and greed and we all know the next five hundred years. At the same time China engaged in its own exploration, their ships were far bigger and more advanced, they travelled as far as East Africa, the only thing they did was pick up a few giraffes and went back home. Their mindset is not to colonise but to trade which is what they are doing now with their belt and road initiative. The West will portray this as China colonising the world, the truth is all these countries prefer to trade with China because they dont interfere in other counties domestic politics. They have built massive amounts of infrastructure which is in direct contrast with the US who have literally turned everything to rubble, North Korea, South America, Vietnam, Middle East, the list goes on and on.
Putin is a very astute statesman who over the last twenty years has carefully forged a positive relationship with China and India. Trump understands whats going on, whatever one may think of him, his policy of American first is what the world needs, a US leader who focuses on its own affairs rather then bombing and meddling with the outside world.
@ usernames WW1 may have been triggered by that infamous incident however the foundation of the war started with the situation in the Balkans and the collapse of the Ottoman Empire.
You raise a very important point though its the other way round. After WW2 we lived in a bi polar world dominated by two super military powers, Russia and the US. We are all aware of the cold war, however the problems started after the dissolution of the Soviet Union where the world was now dominated by one super power, we found ourselves in a unipolar world. When you have one super power two things can happen, the super power can act as leaders or they can bully. Unfortunatley the US have been nothing but bullies constantly meddling in the affaris of other nations. They have been able to because they found themselves in a situation unprecendented in our human history. The British have the North Sea and as we all know ruled the waves. America has two oceans to protect itself plus experienced an exponential rise in population growth mixed with an exponential rise in wealth with the industrial age and capitalism. The weatlh generated though does not go in helping its people, it goes on weapons and more weapons to dominate and bully.
China and India have now risen to the point where they dont have to tolerate US hegemony and pretty much all countries outside of the US and Europe are turning to these countries as well as Russia. They are turning in this direction precisely because they are sick of the US meddling in their affairs and their dominance with the dollar.
I would advise you to listen to Noam Chomsky, hes problaly the best scholar who can articulate this best. Also read up on the Wolfowitz doctrine which later became the Bush doctrine. The world is turning multipolar which ironically is far more democratic whereas the US are by far the worst autocratic despots. Listen to Putins famous Munich speech in 2007 on youtube and be objective. Its crystal clear whats going on.
@ jotom750 my friend you really need to study a bit of history. It was the US who staged a coup in 2014 and got rid of a democratically elected president of Ukraine. Its the US who have been militarising and training Ukrainian troops since 2014 to fight a proxy war against Russia. It is the US who continually expanded eastwards via NATO, a non stop warmongering, bombing organisation thats killed millions of innocent civilians.
Putin did not want this war, even when it started, a month later negotiations took place in Instanbul where the possiblity of a negotiated settlement seemed fruitful. Then good old Boris flys over to Ukraine and tells Z not to negotiate one dime, to fight and the West will back him. Look where thats got Ukraine, yes hundreds of thousands of youngsters dead, parents losing their sons. The US are a sick war mongering nation that cannot keep itself to itself. As Lindey Graham said, "We'll fight Russia to the last Ukranian" and also "The Russians dying is the best money we've ever spent". What a sick, disguisting human being.
The world understands whats going on and are truly sick of it. But power is shifting, the world needs China to lead the world, depiste whatever you read they do not go around bombing and killing millions of civilians.
I concur with @thechinaman, when you look at coal prices during 2022 they shot up to around $400 and stayed around $350 to $400 for most of the year. Steel prices rose also, they declined during the last half of the year however still remained quite high from an historical perspective. It looks like they dont want to risk showing how well they have done with all that's going on. We're fortunate the de-merger with RASP could not complete, they will have produced some fantastic results for the last year.
GLA
@ Bertiesboy thanks for posting
Results are great all things considered. £782 million net profit off the back of £2.8 bill revenue, no net debt. Coal prices have dropped significantly however with China opening up (25% of Chinas gdp related to housing and construction) we should see higher demand for steel and iron ore.
The West are unbelievably stupid, find it hard to fathom how stupid they are. The world has had enough of US hegemony, its carrot and stick bullying diplomacy. Europe needs to grow some balls and stop being cucks to their master. China and India show respect for their trading partners hence why Latin America, Africa, the Asean, Middle East, all turning Eastwards. Indeed the notion Russia is isolating itself with its actions is complete hogwash, its the US who are becoming isolated. Heres to a new world order...!!!
Gas prices have pretty much fallen to before Feb 24th.
https://tradingeconomics.com/commodity/natural-gas
Yanis Varofakis is an interesting chap to listen to. Dont agree with a lot he says, hes an open lefftist Marxist, however he does make some valid points. This is worth watching.
https://www.youtube.com/watch?v=NicE0-N9ux0&t=1978s
https://www.politico.eu/article/eu-steel-sanctions-soft-spot-ukraine-war-russi/
Novolipetsk Steel is a major customer of Rasp.
If hopefully the outlook turns more optimistic ie a negotiated settlement which is pretty much what all conflicts end up with, the collapse of the demerger with rasp will end up being very positive for shareholders. Coal has been at all time highs and steel is still around the 4000 per tonne mark. This company is making money, no question about that...
https://tradingeconomics.com/commodity/coal
It has been a brutal civil conflict on both sides, the report im referring to covers the period from 2016 to I believe 2019. The text you have submitted references the height of the conflict at its early stage. One of the main catalysts during the Euromaiden protests which incited the Russian revolt was the awful burning of the Trade Union building which Ukrainians set on fire killing around 50 Russians, some falling to their death, others being burned alive.
Yes, both sides are brutal, i'm not for once stating the Russians are angels however it is evidently clear over the last eight years there has been a very strong far right anti Russian movement in Ukraine. Unfortunately the UN is somewhat partisan as it is largely funded by the US and to date cannot enforce anything against the US. Just look at US two closest allies, Israel and Saudi Arabia, great example of human rights...!!!
I think you should read on the United Nations website their human rights documentation, a detailed report from 2016 to 2019 (around that time), which describes the atrocities commited by the Ukranian far right sectarian groups towards the Russians in the Donbass. It is brutal. Putin has been helping the Russian "seperatists" over the last eight years, Ukraine did not want to agree to the Minsk agreements which has in part led to this war.
In regards Putin attacking Kyviv, I disagree with that, he should have focused just on the Donbass. I think the reason he did that though was not to annex the city but to subjugate Ukraine to meet his demands. It makes zero sense for Putin to want to annex Ukraine towards a so called imperial old USSR dream. In his heart yes, in his head definitley no. In fact, if you watch one of his earlier interviews he talks about how stupid it would be for Russia to try and reclaim those lost territories. Makes no sense and Putin is not dumb, far from it.
@ neeew
Yes, no one can condone war or such terrible destruction. Certainly people will feel emotionaly sickened by these events and rightly so, however war fatigue will kick in and people will start to feel more their own financial pain regarding disposable income with current inflation. People will rebel against the large amounts of money western governments are sending to Ukraine which will only prolong the inevitable outcome of the conflict. Shame the media or rather western media are terribly partisan.
@ Isleworth spy
The US said they were not going to expand NATO eastwards in the 1990s however nothing was ratified and signed on paper. Putin last December requested a written, signed confirmation Ukraine would not join NATO and would be a buffer state with security guarantees, nothing was done. The problem is two fold. NATO expansion on Russian borders and also recognising the Donbass as autonomous, independent states. The problem with the anti Russian West is that they have implored Zelensky not to give in to any demands or territory to Russia. It's really rather stupid, the ethnic Russian speaking people in the Donbass want to remain Russian and keep their traditions. They fear the West is imploding with wokeness, cancel culture and the lgbtq alphabet soup/gender identity issues and do not want those problems permeating into their culture. Western Ukraine on the other hand are desperate to "de-russify" as much as possible, to join the EU which they believe will mend their disastrous economy and move towards "western values". What they dont get is that Ukraine is soo damn corrupt and so far from so called western values it will take many, many years for them to be an EU member as Macron has stated. The EU are just paying lip service to them at the moment showing solidarity.
The West needs to accept Putins demands are going to be met one way or the other, his demands are actually reasonable. Their obstinacy and absurd sanctions are causing havoc to hundreds of millions of ordinary people around the world.
Watch the link I posted with John Mersheimer, distinguished professor in international relations.
@ always winning, you and I share very similar views. @ penguin, please listen to this very recent lecture by John Mersheimer.
This is bigger than simply Russia taking the Donbass and for good reason. This is about the US holding on to supreme dominance in a unipolar world vis a vis NATO and its 800 or so military bases globally. Putin along with China and India have long called for a Multipolar world where power is spread and international disagreements are resolved diplomaticaly through the democratic institution of the UN. The US does not care about democracy or diplomacy, they have acted unilaterally on so many occasions bombing and killling millions of innocent lives.
Watch Putins famous Munich 2007 Speech, one of the best speeches ever. In fact since Putin came to power he has tried numerous times to deveop a cordial relationship with the US. The US are stuck in their hubristic arrogance, times are changing, power is shifting Eastwards. Africa, Latin America, ASEAN, India, China, all these countries/territories admire and respect Putin and for good reason. He has finally stood up to the US and its push to extend NATO to try and keep its unipolar status by military imperialsim.
There is a far right issue in Western Ukraine. Just look up Stepan Bandera, hes venerated in Ukraine, a statue built in his honour, postage stamps, Ukraine even wanted a national holiday in his honour. Look up Volhynia 1943 - 45.
Too much to type but please, get educated and dont follow the crazy western MSM propaganda bent on demonising Putin and Russia.
https://youtu.be/qciVozNtCDM
https://youtu.be/hQ58Yv6kP44
https://youtu.be/Jkb1f5eqUpM
Evraz as others have said is a ftse 100 "primary" listed company (yes we have been demoted to the ftse 250 however that's hardly to last long). Around 75% of the revenues of these listed companies come from abroad, the uk fully understands this dynamic. If the uk were to delist Evraz it would send a terrible message to some of the largest global businesses to comtemplate floating on our exchange or indeed relisting on other exchanges. It really would be an act of cutting of ones nose despite ones face.
Bo Jo in his effort to emulate Churchill attempts to take fast, decisive action when it comes to the global political landscape. He did well with the covid vaccine, now he's playing the moral crusader by imposing harsh sanctions on Russian affiliates. However it would be a disaster if he kicked out Russian companies off our indices. London is still one of the top three major financial centres of the world and it's crucial London is seen as a free market economy, not "communist" when it suits.
Personally, like any sane person, feel tragic regarding Ukraine however the West are by no small measure culpable in escalting and provoking tensions with Putin. This attack on "Russia" and therefore the Russian people is grossly unfair. The repurcussions will affect millions upon millions of ordinary folk already stuggling with the rise in inflation. The political establishment will carry on discussing matters while being chauffer driven to their important meetings and discussing issues over a six course meal with the finest wines.
Evraz shares imo will be unsuspended within the next six months. With the turmoil and volatility in the markets right now, this is the best thing for Evraz.
@ Fair Analyst You make some good points. It may well be the case RA is selling down his share. I don't think so though. I believe the reason why he transferred his shares to become a direct share holder and indeed the reason why Evraz has demerged from its coal business it to attract ESG investors. Mutual funds, ii's, asset managers are all focusing investment in companys that follow the ESG framework particularly in regards to Enviroment.
It seems to me RA is trying to change his persona into being percieved as a respected business man rather than a crony oligarch hence the proceeds of Chelsea FC going to war victims and the sale of his houses.
Could be wrong and we might get an rns stating his sale but why would an astute business man sell his holding at these prices when he is receiving massive cash flow through dividends? Doesn't make sense to me.
Uncertainties holding Tullow back
Ghana tax dispute of c$300-$400 million
Hitec dispute of c$95million
Uganda FID
Strategic partner for Kenya project
Guidance on the infill drilling programme / further information on resolving the complexities at TEN
Hopefully Tullow will announce positive production guidance end of this month and further clarity concerning above issues. If good news we should see the sp re-rate above 60p.
Investors are waiting for feedback in regards to Tullows drilling programme, that’s the key to the whole business plan. If they announce positive news regarding production in the update we should see quite an uptick in share price.
Ahh yes, of course...!!! September is the one to look forward too. Lets hope the current drilling programme is a success and they force loads more oil out of the ground...!!!
Would like to see a drilling schedule for the Orinduik block, preferably Aurituk / Latuk, such a high chance of hitting a gusher there...also with the rise in poo, makes the Joe and Jethroe discoveries more commercially viable. Lots of potential upside to come in the future....