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.
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.