George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Evraz said on Wednesday that it could not be certain whether three major shareholders – Abramovich, Alexander Abramov and Alexander Frolov – would be seen as persons “connected with Russia” for the purposes of sanctions law.
It added that, regardless of their investment in the company, Evraz “does not consider itself to be an entity owned by, or acting on behalf or at the direction of, any persons connected with Russia”.
The company also said it had not made any loans to the men since 1 March, when the UK issued financial sanctions against multiple Russian entities and individuals
Once assets proven no doubt BHL will be in line for such contracts or JV this will skyrocket with a sniff of news I'm looking for atleast 150mil market cap for starters
With the rise in popularity of electric vehicles, several critical materials to battery production, like nickel, lithium, and cobalt, are becoming bottlenecks in growing the overall EV production capacity.
In order to encourage new production to come online, battery manufacturers and automakers are starting to sign contracts and off-take agreements with junior mining projects that are not in production yet.
This helps these projects secure financing to bring the mines to production, which is an extremely capital-intensive process
this movie looks interesting
https://twitter.com/BulletTrain/status/1499021721055240200?s=20&t=lBXX1niMuWXUnr7s7R5OJg
RUSSIA FALLOUT HAMMERS EVRAZ STEEL: North Portland is a long way from Ukraine, but fallout from Russia’s siege of Kiev hammered the stock of Evraz Steel. Evraz was founded in Russia and is now headquartered in London. Its North Portland plant is the only steel sheet mill west of the Rockies. On Feb. 25, the company announced massive profits for 2021 and saw its shares soar on the London Stock Exchange. As the prospect of international sanctions set in, however, investors have fled, knocking the stock down 85% for the year, despite strong earnings. That’s painful for the Russian oligarch Roman Abramovich, who owns 29% of Evraz’s stock (along with the U.K. soccer team Chelsea FC). One of the goals of sanctions is to pressure investors such as Abramovich, who may have influence with Putin. In the meantime, Evraz’s U.S. operations said in a statement they expect business as usual.
If a company’s board has declared, but not yet paid, interim dividends and no other steps have been taken to establish a legally binding liability to make the payment, including shareholder approval, the board may rescind its resolution to pay an interim dividend, and the shareholders will have no further rights to this payment. A board resolution can be rescinded by the passing of a new resolution at a subsequent board meeting.
A classically educated yank-excellent-bodes well for the share price:)
I agree big Boss