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Evraz is suspended. That is uninvestable. You can't actually buy any shares.
EUA is investible. You can buy shares.
It may be a lot riskier in terms of investment since the war began, but one clearly can invest in it.
Anyone saying otherwise, clearly isn't telling the truth
Why is that an issue? I appreciate you'd lose the ISA wrapper and what you have paid into the allowance, but the unlisted shares could just be moved out no?
It'll be interesting to see what the share swap offer is and who can take part.
Why "as if by magic"?
They said a delay. They said end of Sept as the target. It's over by a few days but highly expected.
And lo and behold, with ages before a strike off would occur
1 month into 3 months seems rather premature. Maybe when there is a month left?
Or are you implying getting an extension takes 2 months to process?
It's all academic. Investors can't do anything given the shares are suspended.
Roll on October to see if there is a formal offer
That's 2 months away. Feels like scaremongering to me.
Not sure why you're scaremongering here.
If you're so concerned, email the company
BFL - there seems to be a large discrepency between your calling out of posters. You seem to only call out those with things positive to say.
I see no calling out of Spikeyj's posts (which I assume will be the usual conspiracy nonsense) nor that of Rickstars (I assume claims of a 1p offer based on replies).
For a newly invested poster, it's all a bit fishy would you not say?
Bad :
Not sold concentrate
Limited hard cash on hand
DFS not disclosed to shareholders
No further production this year
Good :
Multiple parties in tender for concentrate
VAT credits in pipeline
Multiple parties at various stages of DD for asset sale
DFS mentioned in terms of improvement in value
On the whole, this all feels sensible to me given the strategy is to sell the assets.
Would it be comforting to have the concentrate sold and have more cash on hand? For sure it would. Given multiple parties are in contention to buy the concentrate suggests a fair price can be obtained.
Would I like to see the DFS? Very much so, but I suspect it's being held back (due to NDA's/ Legal reasons) so potential interested parties get to have a good look before making an offer.
Multiple parties at various stages of DD sounds positive to me. Based on previous comms, this also would include the party which completed the DD back when Jesus was a lad. Multiple potential purchasers suggests potential for fair value over firesale.
Whilst nothing is guaranteed (I mean you can't sell something until it's sold) the tone of the update sounds like it's going in the right direction.
Hopefully by the end of the year it is resolved, but there are options to raise further cash if it continues on.
A decent profit at £1.50 but was happy to be in for the longer haul with a higher target.
Lets see what options there are for retaining shares in the newco