Member Info for Urraca

I think we are where we are at a considerable overshoot of the bad news because of the massive dump Jupiter took. Interestingly, they have clearly not continued dumping in the face of the suspension.

JohnAmes equating himself with Einstein is as credible as Meghan Markle equating herself with Nelson Mandela. The world is full of bull****ters.

... to be out of this over the suspension.

Gheko, the answer is - the lawyers. Never say something WILL happen, because the future can never be guaranteed. There might be a deep impact asteroid strike during suspension. Or aliens might arrive. With advanced tech beauty products.

Another 30% slide tomorrow would take this to around 1.3p, then yet another 30% slide on Monday should get you your target price Psmita

Only 8 days ago the sp hit 7.4p. I held then. The downward swoops on the rollercoaster are getting smaller.

I seem to have been asleep for a year without realising, reading this RNS about 2023. Not once, but throughout. Did I miss anything? Is the war with Ukraine over? Has China invaded Taiwan? Is inflation back under control?

A US hedge fund

Still very large volumes being traded - this is still in play.

Amann, remember it took Revb 10 days to hit bottom. Give cine another week at least before touching. It's in a far worse state than Revb though.

Still expecting these on 30 August. Regardless of accounting policy changes that will affect the non-cash provisions, the future looks a whole lot more secure, and I expect the sp to achieve 60p on that day (assuming no further delay of course, although that seems unlikely now).

The green levies on the utility bills are a proportion, not flat rate. Like the fuel tax on the price of petrol. So as the utility bills spiral up, so do the green subsidies. Where are they going? Who gets them? And are they all getting the huge uplift - like a broken ATM spitting out cash.

Anyone keeping track of the huge volumes being traded? Around 8% of the company's shares today. 31.5% held by Adam and Thomas.

Have to assume Jupiter are in deep sheet if they need to liquidate their holding here at such a massive loss. I agree delaying sign off of the accounts ain't a good look, but the real reason why the sp got so incredibly low was Jupiter's massive dump. They might be out completely this week - good riddance.

Actually shaml89 it is highly unlikely that the auditors might not be able to finish. The issues outlined in the recent RNS are: "a number of potential adjustments including stock and bad debt provisioning and revenue recognition". These are all matters of accounting policy, which can be set at the discretion of the company. It is almost certain that the auditors think they should be more prudent. If you've ever had dealings with auditors, you'll know that this is far from uncommon. So all that is involved is a bit of haggling between company and auditors about an acceptable level of prudence. If the CFO isn't all over this, they deserve to be sacked.

I really hope they sold off a massive chunk yesterday at 8p and got a total spanking.

Incidentally, I will be following with interest the legal challenge Graham Phillips has issued. He is the pro-Putin journalist who has been individually sanctioned by the Government, and had his assets frozen. While his views might be repugnant, under freedom of speech they can be legitimately expressed, and the sanctions are an extra-judicial punishment fir nit expressing government condoned views. If the Government's actions are struck down as illegal (as happens frequently when they, fir example, attempt to deport illegal immigrants) that could have great implications for UK Evraz shareholders who are also suffering extra-judicial penalties.

I am leaving my Evraz shares in my Investment ISA and not getting a paper certificate. I am still hoping for a large annual tax free dividend income from them.

Justthisonce. The RNS said "As at 31 July 2022, the Group had net debt of £21.2m driven by an increase in stock, working capital and capex requirements. ". It also said "We expect buying strategies to normalise as we move into the second half." and "As we approach the seasonally stronger second half, and actively manage costs across the business, we will benefit from leveraging our overhead base in line with previous years."

In other words, the cash burn has resulted in a larger than forecast inventory, which the company are hoping will be sold, resulting in a larger than forecast cash inflow in the second half. You have simply extrapolated the unusual cash burn forward on an assumption that management will ignore all the underlying issues and continue to build up stock hugely. Even though they've told us they're not doing this.

Nm