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Mechel OAO Message Board

  • blackoutbuzz blackoutbuzz Feb 26, 2014 11:30 AM Flag

    FY2013

    Yup like unemon1 stated, the stock appears to be reacting negatively to the FY2013 report that came out in Russia a couple of days ago. Must be some pretty bad news written in there.

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    • Be more factual. They did not report 2013 sttmnts. This year they most probably will submit a delay notification to the sec in May, and it is far from sure that they will ever submit their 2013 sec f-20 report.
      The russian govrnmnt can't afford to waist mtl assets and production capacities, BUT they sure can erase US ADRs and create a new entity and structure as a recovery vehicle. in any event, in my opinion, this situation will be uncertain at least until 2016, meaning taking additional risk may be wise only untill a true recovery is taking place according to sec reported forms.

      • 1 Reply to kishkushim
      • Incorrect. They did indeed file the 2013 full year complete financial report IN RUSSIA. The filing is posted on their Russian version website as I indicated in another post. An announcement was posted on Interfax website e-disclosureDOTru... just search for Мечел

        @@@@@National Settlement Depository (NSD), Interfax to set up joint disclosure system on securities, issuers The National Settlement Depository (NSD) and Interfax Group have signed an agreement of intent to form a single system of disclosing information about securities, released by Russian and foreign issuers, and about the issuers themselves. A single system of verified information about securities, released by Russian and foreign issuers, and about the issuers, too, is a super timely project which reflects the needs of Russian and foreign issuers, and matches the International Financial Center concept, NSD‘s CEO Eddie Astanin said.

    • You can't win them all. The only mistake I regret making is relying solely on MTL as a steel recovery play. I should have split my investment across a couple of steel companies like MT or X or NUE. NILSY is only exposed to steel indirectly and the nickel market has oversupply issues to deal with.

 
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