Member Info for Stix01

My platform was only allowing sells with no buys allowed

I have only option to sell and not buy

How many shares are they actually going to re issue their is two parts so double checking I read it right although they bringing some great assets they are heavily diluting the shares.

1) Under the commercial terms of the Agreement, the Company will initially pay Sunshine a cash exclusivity fee of ZAR2,500,000 (approx. £107,500) and issue 20,000,000 new ordinary shares at an issue price of 0.75 pence per share ('Acquisition Shares').

2) On settlement of the acquisition of the 100% interest in the Beisa Projects, the Company will pay a cash fee of ZAR175,00,0000 (approx. £7,500,000) and issue new ordinary shares to the value of ZAR200,000,000 (approx. £8,500,000) at an issue price of 1.25 pence per share and on the basis that Sunshine will not have a shareholding exceeding 29.9% in the Company and they will further enter into a lock-up agreement with 12 month trading restrictions on any share sales.

· The Company will also grant Sunshine a royalty on uranium and gold produced and sold by the Company from the Beisa Projects, between US$3.00/lb and US$5.00/lb when the uranium spot price is between US$100/lb and US$150/lb and a gold royalty of US$7.50/oz.

Whilst the profits are very good considering the issues they continue to encounter the overhanging court issues and potentially seizures and forced sale of assets is holding this back from leaving the station

@ Barsny86

Converting to paper shares with Halifax is still an option I had that discussion with them a few weeks back for similar issues you have encountered

Seen some news that the FBI confirmed agents were on-site at EVRAZ North America locations in Pueblo, Chicago, Portland To conducted "court-authorized" law enforcement this week

What could this be about was so little information

Is very hard to put a value on it.

I would be happy for it to return and not have to write off the investment, the rest is a bonus.

The price will vary depending on If we keep North America

The wars in Ukraine, Israel-Palestine/iran will all need steel en mass to rebuild.

the demand will probably push up the prices and see steel in a similar scenario of hiked returns just like the oil industry did not so long ago.

I’m only thinking out loud - The downside is by not paying off our debts/ bonds there will possibly be big financial penalties for defaulting.

Though on the companies website they do claim to have the capital to pay it.

I’ve seen various articles:

1) Russian Evraz Steel Box targets Uzbekistan for 2024 construction market expansion

2) various railway line projects been flouted

I can’t be that far off for sanctions to be lifted

sporting bodies are already starting to allow russian teams to participate in sport albeit under a neutral flag

Tennis has ended the suspensions of Belarus and Russian players

UEfa have Russia back to play in U17 championships today the Paralympics have allowed them to also resume also won’t be long before rest falls back to normality.

Atm it looks doom and gloom

However the issue with Russian/non Russian laws are a nightmare because if it happens a large chunk of the valuation will be wiped off.

However I feel not all is lost because they do own assists in the United States, Canada, the Czech Republic and Kazakhstan.

While I understand the Russian laws will likely effect non Russian holders I hope the uk government and regulators put out immediate statements to give us some idea to what measures they will take.

They cannot claim to be blindsided as this has been talked about by Russia for a few weeks so they had notice.

If Russia also follow through the sale of Evraz N/A should be halted immediately so at least some can recover something.

@ ranjm - I don’t get your point

You said

“ the world needs China to lead the world, depiste whatever you read they do not go around bombing and killing millions of civilians.”

There are many reports going around for years that china is cracking down on ethnic minorities inc the Buddhist monks and practically throwing them into camps and all the other talk that goes with it along with it

“it's estimated that two million Uyghurs, Kazakhs, and other Turkic-Muslim ethnic groups are arbitrarily detained in China's mass network of concentration camps, where they are subject to pervasive state surveillance, forced interrogations, political indoctrination, torture, and forced labor”

Apart from being gassed to death it not far off what nazi germany did in ww2.

And you are calling for china to lead the world!!!!!!!!!

@ crawshawAll the way through the ages there has been wars from the very beginning and this one is no different and won’t be the last.

More people take notice of this because it’s close to home but when African countries have had genocides world leaders and people have looked away.

Some people have been in this since way before the war and yes have an interest in whether thier life’s saving and sacrifices will go up in smoke.

Thier will never be world peace as one war ends another will start.

Look at rns demerger dated 8th February 2022 which is final demerger details and the rns of demerger dated 11 mar 2022 which is cancelled due to sanctions which in effect ofsi and government indirectly cancelled

that was where the wedge of cash would have come from

“ EVRAZ announces today that it suspends the process of the demerger of its coal assets consolidated under PJSC Raspadskaya (the "Demerger") indefinitely as the Company anticipates clarification regarding regulatory restrictions, both from the Office of Financial Sanctions Implementation (OFSI), HM Treasury, following the Financial Sanctions Notice issued on March 10th, 2022 and from the Russian authorities on the shareholder rights to dispose of the shares received as part of the demerger process.

Many people speculating the worst case scenario which may well happen.

I am wondering how the Russians would work out who loses what as Evraz has investors world wide.

And If this was to happen and we are cut out of Russian assets then the fca would certainly have to refuse to sanction the sale of Evraz NA.

And then it goes back to being suspended to protect shareholders - if Russia sieze assets and shares the way it has been talked Anita what protection have they actually given us

Instead of making a nice wedge of cash off the rasp sale the uk blocked it and now it looks like it will be given away for free.

@Finton, thank you for the info and taking time to post it, Is much appreciated.

The only information i see So far is Ian Mr. Aleksey Ivanov has informed the Board of his intention to step down and they updated slavery act and uk tax strategy surely they wouldn’t call a massive AGM just for this and other than that There is very little information available.

Has anyone got any updates or news from Evraz relating from the AGM meeting.

Kind regards

Thankyou for your quick reply is much appreciated

I have found that this UK-based international financial services company ITI Capital has become a trading member of AIX.

Has anyone come across or had any dealings with them?

I think many will see something back they have a lot of assists and they claim to have cash in the bank to pay debt.

It’s more of a waiting game if you are young enough to Waite out the sanctions which will probably take an ice age to clear.

Why are Evraz still suspended according to the FCA rules below are reasons of why a company would be suspended but they do not match the reasons why Evraz was originally suspended.
It’s about time Evraz gave all holders a firm response in what counter actions they are taking. They cannot sit by idly and recieve slanderous accusations/allegations without proof

The FCA may suspend, with effect from such time as it may determine, the listing of any securities if the smooth operation of the market is, or may be, temporarily jeopardised or it is necessary to protect investors.
(2) An issuer that has the listing of any of its securities suspended must continue to comply with all listing rules applicable to it.
(3) If the FCA suspends the listing of any securities, it may impose such conditions on the procedure for lifting the suspension as it considers appropriate.
Examples of when FCA may suspend .....................................................................................................
G Examples of when the FCA may suspend the listing of securities include (but are not limited to) situations where it appears to the FCA that:
(1) the issuer has failed to meet its continuing obligations for listing; or
(2) the issuer has failed to publish financial information in accordance
with the listing rules; or
(3) the issuer is unable to assess accurately its financial position and
inform the market accordingly; or
(4) there is insufficient information in the market about a proposed transaction; or
(5) the issuer's securities have been suspended elsewhere; or
(6) the issuer has appointed administrators or receivers, or is an
investment trust and is winding up; or
(7) for a securitised derivative that relates to a single underlying
instrument, the underlying instrument is suspended; or
(8) for a securitised derivative that relates to a basket of underlying instruments, one or more underlying instruments of the basket are suspended; or
(9) for a miscellaneous security that carries a right to buy or subscribe for another security, the security over which the listed miscellaneous security carries a right to buy or subscribe has been suspended.
5.1 Suspending listing
FCA may suspend listing .....................................................................................................
LR 5/2
www.handbook.fca.org.uk ¦ Release 28 ? Apr 2023

LR 5 : Suspending, cancelling Section 5.1 : Suspending listing and restoring listing and reverse
takeovers: All securities
5.1.3 G
5.1.4 G
The FCA will not suspend the listing of a security to fix its price at a particular level.
Suspension at issuer's request .....................................................................................................
An issuer that intends to request the FCA to suspend the listing of its securities will need to comply with ¦ LR 5.3. The FCA will not suspend the listing if it is not satisfied that the circumstances justify the suspensi