Member Info for sonicboomboy

Mizman,

I'm afraid I don't share your confidence at all on that front especially not when you have people actively bringing the situation to government ls attention on both sides of the fence.

It's sad but we might hear more in the next few days.

Out of reach,

Yes I am. Check my tweets out. They've been pretty accurate although many may not want to admit it. The drop was called to within half a penny. Cant do much better than that.

https://twitter.com/skynews/status/1497513596217135105?s=21

As I said would happen and here it comes. Monday is going to be very bumpy.

Expecting this to fill the gap to 7.94p Monday or Tuesday and then the 4.55p-4.74p gap in the next week.

Puton won't let UK investors benefit from his country's land rights. Looking to see if it menioned in further articles over the weekend.

Is that good or bad though, I think that could be worse, everyone has a reason sanctioning a part of whole operation?

Gaza,

Interesting points. By and large my main worry/point has been with regards the impact of the sanctions Putin will be putting on NATO countries operating in Russia.

However, reading a couple of posts this morning. I wonder how long it might be before the NAO sanctions will start to affect EUA.

My reason being why would the western world want assets of such great magnitude to be sold directly into Russian or Chinese hands with relative ease. Maybe the will imposes sanctions to stop this from happening?

It would be better for them if Putin ripped the assets out of companies hands to strengthen the argument of wrong doing against the West and thus leverage to unleash tougher sanctions again and push Russia deep into the wowor's wilderness.

Just a thought.

Todays rise seemed almost unfathomable against the backdrop, reality and high-rise nature of the Russia.

When I see rhing like that it's a quick in and out, ride the wave and get out. Fortunately overturned my earlier bad call from Wednesday too and some but felt u comfortable the whole trade.

It went up when everything says it shouldn't have. My sixth sense was tingling so await Monday as I feel I might find out exactly why my spider sense was going off.

Bumble,

I grant you that's a fair point.

https://www.telegraph.co.uk/business/2022/02/24/bp-pressure-abandon-stake-russias-rosneft/

Can people really expect that, this is massive and shows how feel view anyone dealing with Russia right now.

Mac,

Get real. Sanctions are now coming against Putin and Labrov. Peace talks are not the issue here. The moment he stepped over the line the cards were marked

As he has pushed further the West are more angered. Putin will not want to lose the sanctions skirmish either.

Today was an exercise to allow large players out and suck more retail in to take up the slack.

Wil now wait and see the next entry point I suspect a retest of the bottom or a gap close in the 7's.

Well it was good to make a trade today, seemed like a unexpected gift and got out with a nice profit.

Fact is this is far from over. The big red flag here is now as it always was - Putins reaction to sanctions.

Today's rise was a gift because is was based on the RNS which was never designed to hurt UK interests.

The sanctions that will hurt UK interests are those that Putin invokes, either publicity as a sanction or as is his style in a ruthless manner, just because be can.

Regardless of peace, ceasefire or the happiest ending there can be from here. The damage was done the moment he invaded.

More NATO sanctions on the way, more for Putin to retaliate against. The RNS IMO have correctly been factual but I'm wary of the whip in the tail that people will become aware of over the weekend and will manifest from Russia.

Putin will want to cause his own destruction to NATO, as yet this hasn't started.

Keep safe and eyes in the boat for next week.

NATO sanctions Russian companies operating in NATO countries, Putin is now starting to do the same.

Anything could happen here when Putin starts sanctioning all NATO companies operating in Russia, which is now bound to happen. In fact he has started with the airline news this morning.

Look at all those 250 and 500k blocks just gone through.

Russia banning UK Ailines using its airspace.....exactly the sort of measures they will counter with.

Slong,

People cant seem to grip its not the sanctions the western world is placing on Putin that is ever going to be an issue but it's when Putin starts issuing his own sanctions in retaliation that if mirrored may well freeze out NATO companies from doing business or licence stripping them.

Didnt people watch what happened on Wednesday?

Up 20% back to 3% up by close. Honestly....

Obviously the BoD agave out out another weak statement today. Price is down 50% since the last time they issued this type of statement.

We all know the West sanctions don't affect you, there aren't meant too. It the retaliation sanction yet to come from Putin that are the issue. Will he greezeqestern companies from trading in Russia and asset strip them.

The fact the RNS is a mere copy of Wednesdays RNS and look how that went. Even mentions the faulting Russian Ruble is an own goal, why mention about their faltering economy hardly a way to win friends.

Most staggering is the silence on the deal, no mention of speaking the the buyer and confirming they are going ahead.

I smell a huge rat with the silence on that front.

Expecting the price up 2p to 11 or 12 suck people in then dropping to 5p today.

I notice a new gap on the chart too at about 4.5p, maybe they will fill it today?

Gaza,

And the gamble is, will they still be EUA's metals to sell?

Howany more times do people need it explaining to them.It's not the sanctions from the UK or the US that matter (these will no doubt be increased over the coming days and weeks) but its the the counter sanctions Putin puts in place that is the concern.Basically you are betting on Putin making a decision that benefits a UK company or not. Yes the metals are still there, yes they are still needed more than ever.The question is will we still own the asset or will Putin invoke sanctions that MAY or MAY NOT see them seized. None of us have any idea how this will play out. You could pick these up tomorrow at 5p and lose or dough all together or it could be the most I spired trade you ever make.Bottom line Vladimir Putin will make that decision for everyone.

Bad day all round.

Anyway, I think the point is sanctions by other countries may not directly affect EUA. However, its the sanctions Putin then invokes in retaliation that are the big issue - that of course we have no idea over.

So to be be clear it's not other countries sanction but Putin's that will be the issue.

Best result seems a cheap sale to NN if it can be negotiated. The issue here is Putins will be issuing sanctions and the Kremlin will be scrutinising and approving any deals now especially those involving UK registered companies.

For that reason I cannot see EUA being approved to sell the assets and walk off with billions of pounds from assets laid in Russian soil. I'm.sorry but right now I just cannot see this in reality, unless Putin has a heart which we all know he does not.

Maybe the best positive is that if all the Russian assets are grabbed back then any other assets and cash at the bank wil be given to shareholders if the company should cease trading or they find new projects elsewhere in the world fina cing them.from cash in the bank?

Trying to see any positive but really can't currently.

I would be very suprised if their wasn't a board meeting today. I imagine there is alot to discuss.

Outcomes could be:

1. Rumours get people hopeful to buy in Telegram boys sell out and the cavalry doesn't arrive. Price slips once the truth is out and another 30% off tomorrow to 7.9 gap fill.
2. There is a board meeting and they are able to organise an emergency sale to NN at 26.5p a share. I imagine this would have to be rub er stamped by the Kremlin. Price goes to 26.5p
Boris announced stricter sanctions causing Putin to make counter measures revoking licences, stopping Western/NATO companies from operating in Russia or he just strips all assets from NATO companies and gives them to NN or another. Price goes to 0

Take your pick...