Member Info for Simplyme

Big difference between zero and 500 million!! Can you give me $500m please - same as virtually zero lol!!

Https://www.zippia.com/evraz-north-america-careers-22867/revenue/

Latest from evraz na - not too bad

Quick AGM Update:

1. North America Sale – OFSI has approved the sale of Evraz North America. While the exact value wasn’t disclosed, it will be at market value.

2. Proceeds – Funds from the sale will go to Evraz Plc but will remain frozen under sanctions.

3. KGOK Case – This is not expected to impact Evraz Plc. The Plc still holds an interest, but it is unlikely to have influence over the case and therefore will not contest it.

4. ESO – The board advised shareholders to seek independent legal advice.

5. Overall Position – The Plc appears to be in stable health, though little was said in detail. Unfortunately, this offers no material benefit to shareholders unless sanctions are lifted.

Hope that helps clarify things for everyone.

Depends what you mean by POG - futures has actually broken through the $3500 figure:

https://www.cmegroup.com/markets/metals/precious/gold.quotes.html

So no one needs to pay numerous taxes .....don't understand the law, not clear..........CGT, IHT etc. they are not straightforward or not communicated to me by an expert??? Can't see any scenario where this claim succeeds on these grounds

Https://www.proactiveinvestors.co.uk/companies/news/1068913/fca-says-car-finance-ruling-goes-too-far-1068913.html

Seems a good outcome

What is the catastrophic result we are all worried about as a value? Say 600m to put it above the worst expectations - CBG has consistently paid around 90m per year in dividends and has set aside near 200m for this case already. the company still makes a good profit and I would expect this to continue as it has for the next 100 years. Worst case as above of 600m pay-out is 4 more years without a dividend (the payout will not happen all at once as it will be a flood and then a drip of claims over a number of years so payout will be staggered) and then dividends will return in 2029 which at the current price will be over 25% yield - not likely to have a yield that high - but this in turn would mean the SP would be around 6 pounds to give 10% return. If you wait 4 years to get 6 pound return you will still have done much better than the bank and that is worst case in my view. Alternatively hold and get a 25% return every year by buying at current sp (if you can wait). Now consider likely case - some payments say 200m which is set aside, dividend returns and SP goes to 6 in a few months. Best case - case thrown out - SP returns to around 8 pounds as they have built up funds and this happens instantly

On the subject of the likely SP of EVR if it relists - this would have many assumptions but one that no one mentions is the expected level of dividends. I personally expect at least 5 pounds based on pre-war level, EVR still owning RASP and having less debt than before and taking some value off for it still having Russian connections. If they announce a dividend for the year of around 1 pound which is 20% yield I would then expect the SP to reflect this and move up to around 7 pounds to give a yield of just over 14%. Again, if interest rates come down this will also push the SP up as the high yield would be more rewarding and worth the risk. Hence if interest rates go back to around 2%, I would expect the SP to be around 10 pounds based on the dividend and risk/reward plus the likelihood that steel will be in high demand due to the rebuild (and need for more railways including in Russia) as this whole experience has taught Russia that it needs more rail tracks going east!! Lots of other factors to consider but this in my view is an important one to factor in.

Bought more to average up - hopefully the right call!! GLA

Just bought some more to bring my average down here - now around 390p so need 20% uplift to breakeven. Hope the results are on track and tbh I can't believe the price here at present as basically valued at the price of their recent acquisition!! Hopefully the results are good and this brings some attention to this share

I also think that the CEO being replaced may be seen as a positive by the markets but the results were very bland as was the accompanying statement. I do see a dip in the morning and hopefully a retrace later on once USA markets open. However this may be masked as most of the markets will have a minor bounce due to the tariff situation.

Https://www.acra-ratings.ru/press-releases/5072/

and they have excellent credit rating and have no issue getting Russian finance if required.

Here is the latest position of evraz as reported based on the their last presentation:

https://www.tbank.ru/invest/social/profile/Sid_the_Sloth/f78aa0a5-8db1-43f7-9360-bc0c2bc59162/

The company has reduced debt and is doing reasonably well (net debt now only $1.75bn)

Andrew AAA- evraz ntmk is NOT all of the Russian steelmaking business and I have no issue with you trying to buy but please be factual! There is evraz KGOK and evraz ZSMK which do mining and steelmaking and also evraz NA which are all outside this ESO as well as RASP as you did state. Evraz NTMK is part of the urals division and does have a number of subsidiaries and debt but is not anywhere near the whole of evarz and compensation has to be offered to shareholders (which they don’t have to take as they will still hold the shares). Make an offer and buy shares - no issues but state the whole story not what suits you

You do know this is only one plant and not the whole company? Also even foreigners keep their shares just that they have no rights and that the whole process is temporary by nature so that it is possible that it gets reversed? Also compensation will be paid if that is your wish and you want rid of the shares but usually at a discount of around 50% which should still be over £2.

I could have sold them OTC as many did as I have certificate - how did Andrey buy any then? Obviously you are not a holder as you would have known that!

I agree that AndreyAAA did buy shares and kept his end of his bargain up. However, he also did spread a lot of disinformation and views that were not correct (but he is not the first or the last to do this). Indeed, high debt rates in Russia may not impact EVR much if they are debt-free. We all have our views on the future here and they are fine to differ. Personally, I have kept all of my shares and think peace in Ukraine is nearer now. One thing that Andrey has not highlighted is that Ukraine will need rebuilt and if EVR was providing the steel they would need to be unsanctioned and that in my view is the likely scenario especially since Zelensky himself did not want RA sanctioned and especially if the money from RA goes to help the rebuild (from the chelsea sale). Europe needs cheap energy and products as it is economically suffering as demonstrated by the mighty german car industry which is laying off staff. Politically they need things cheaper which is why sanctions will be lifted.

Why did they give the $30m unsecured if they thought there was no value? Indeed why would they want to even do a debt to equity at 2.66p a share if they did not think it worth it? I am confident that the 2.66p will be offered as it must be offered before the vote as they want the shares at that price/ why? Because it will make much more back. If goes into admin they will be losing their $30m same as us - so the offer if one comes will be 2.66 or nothing but why as I state even offer 2.66 for any shares if they were not a bargain? They have the information and still want to do the debt to equity so I am confident

And if GI had held his nerve instead of panicking, he would have made more on holding HUM and selling now than changing from HUM at another loss and investing in HOC. Everyone has a story - I also invested in FXPO and JEMA which have made up some of my losses in HUM but still holding HUM as I expect 2.66 as a minimum and still the possibility of more. Anyway GLA - I hope we all make some money somewhere

The answer to your questions are in the recent production figures. 26000 ozs produced up to end of q3. Guidance is 45000-50000 ozs for the year so 21000 to 26000 in Q3- although I suspect they will slightly beat this figure and get just over 50000 ozs but as they wish to takeover cheaply the company are never going to restate higher figures as I get 50000ozs as the minimum based on the figures and run rate at present