Last year the preferreds charged me early in February 1 cent a share on preferred, I thought that would be all for the year then they charged me 2 cents a share in july this was in 2015. This year I've been charged nothing so far but I'm expecting a charge around the time we get the dividend, which is soon Im hoping only 1 cent but preparing for 3 cents a share
It's time to buy this stock. The restructuring took way longer than I thought it would be it's happened now. Coal and steel bottomed and is on the rise now. State support coming soon. They may even sell part of elga to Japanese investors.
It's still very risky cuz they have so much debt and the debt restructuring wasn't as favorable as we hoped for.
Steel prices are up 50 to 100 percent from there bottoms in 2015 that's pure ebitda for mtl. Last year was one of the worst years ever for steel.
It's still gonna take a few years and mentally prepare yourself to lose it as well. But remember plenty of people have lost 50k in business startups and investments. Why is this debt restructuring taken so long they should have the count by now
They barely surviving I really think they will need a better debt restructuring deal. A few good things that came from the conference call, the universal rolling mill expected to triple production from 175k to 500k. Elga expected to mine 5 mill against 4 mill last year and coal prices.up.about 30 percent from the bottom. 20 billion to be written off from fines nut the debt is up from a ruble view
True, coking coal and steel prices have been on the rise. Mechel probably has some of the best margins in the world. May 13th full year 2015 Coming out in ifrs