Maybe you'll get lucky and Mechel will be taken over by the Govn't. Russian gov't proposing a new rule of mandatory 30% dividend on all state companies.. I think they have a rule right now of 20% though I could be wrong on that.
You can disregard the 40% owned by Mechel themselves.
According to russian law, they wont get either voting rights or dividends paid.
I wonder why they did issue those additional shares.
Can only presume that was planned for a possible payment of another company/mine/factory purchase that then never happened for whatever reason.
Only thing this means is that those preferred shared should not be counted towards total market value and that common then have a larger voting potion, in the cases where preferred get's voting rights.
I am curious to why Mechel did not just de-list those shares.