RNS - NOT FXPO - Mr Zhevago issue21 Mar 2025 08:40
RNS States
"The explanation provided by the tax authorities for the suspension relates to the imposition of personal sanctions on Kostiantyn Zhevago. As previously disclosed by the Company, these sanctions are personal in nature to Mr Zhevago and the sanctions have not been imposed directly on the Company or any of its subsidiaries (the Ferrexpo Group)."
So this price drop is ridiculous, just scared selling....."buy when others are fearful" - WB .....what I just did, simples an easy trade today as the news spreads and digested properly. That VAT money will be coming back to FXPO, it's just a temporary hold (unlawfully) while the Mr Zhevago issues is resolved.
HUGE bounce...probably this afternoon.
Then peace talks progress over the weekend and we're back in profit again :-)
GLA