Russia might give 215b RUB to Mechel.
35B RUB (1b usd) Bridge loanas soon as this Month
180B RUB (5b usd) in form of NEW shares of Convertible Bond issued By the Company.
Mechel will use the 180b RUB to TO PAY BACK DEBT, WHICH reached 8.3b USD
-- Should the 3 States Bank decide to GET shares in Mechel: Current Shareholders stake in the new Company would decline to less than 14.83% (STAKE of Zyuzin would be diluted to 10%)
-- This means ... Entire Company Value would need to be 6.4b USD for Shares to be trading at $2.30 / share --
-- Banks (FOR NOW) see variant with Convertible Bonds as more PREFERABLE! ... (more friendly for current shareholders)
--- Mechel declined to Comment
At the end ... the solution will likely be a mix of New Shares issuance and Convertible Bonds.
--------------- Always better than BK ... but Capping MTL upside potential to probably $5-10 per share in a coal recovery scenario. FORGET THE $30 per shares of 2008 and 2011
or only marginally benefit! ... Since ... most of the Sales are made forward with at 109$ PRICE PER BARREL on Brent. rIGHT NOW Brent is at 114 .. this does not mean END will be able to sell it at 114 ... because of contractual obligation to sell it at no more than 109.Read the 10k and 10q FILED with the SEC
ah ah ah
It's all some people with deep pockets thinking END will not survive ... and ... placing the money where their mouths are.
On the other hand ... there are very few people buying .... ... this is the reason for the steady price decline. And I am not talking about the average joe on this board ... saying he is buying 10k shares.
after Companiy's comments END should be at 2.50 ... ... maybe this company is really broke...
trueeeee .. i broke my keybord whilecelebrating yesterday ... not every week you have a 220% trade, idix, a + 90% trade, achn ... and a + 30% trade ... END.
sorry, typing from ipad since keyboar is brokren ... ahahah
Hey ... PippyLoser ... ah ah ah ... how are you doing ... I'm doing pretty well:
Yesterday IDIX was acquired at 24.5 ... I was telling idliots like you to go long at 4 last year
Today ACHN ... got a hold lifted on its drug +55% -- I was telling idiots like you to go long last January! ..
MTL ir ussia is today up 7.06% ...
So ... pippi ... I'm doing just fine ... as you can see .. ah ah ah
Price up 31.63%. Company says" Unaware of Any Reasoning for Decline ".
For the Bond I posted on this Topic (5.50% 135M 2016):
ID Number: EI7547256
yes .. pippy my loser ... ... they are 2016 puts ..
but hey ... maybe in next week's classes you will learn how time value plays a role in options pricing .. ah ah ah ...
Volume traded was 3.0m -- 3 trades at around 16:00 am. tRADING PRICESA WERE 46.000 .... 45.000 .... 46.000
END is TOASTED!
FYI, this is what Mathews replied to ppl asking what was going on:
". no new news from the END,we are not aware of any reasons for the decline in the stock price ... As of the last quarterly call in May, all the major North Sea assets are online and producing. "
Pretty GOOD ... thank you ... up $60c on the Russian Stock .... down $10c on the U.S. puts
--- $50c GAIN PER SHARE ... so far. (or +27% on the Long Russia + Long Put total investment).
So ... it's like as if I bought MTL in the U.S. at 1.70 ... since now it is trading at 2.15!
---- but hey ... my trade is RISK free .. ah ah ah ...
but hey ... I am pretty sure this structure is to difficult for you to understand! Do not worry .. I've hears ... it's the topic of your next week's classes (for *etards)
ah ah ah ... you are so naive! .... how old are you 5?
As you wrote: "Meanwhile, its USD 135m 5.5% convertible note due 2016 traded at 59.5"
at 59.50 over a face value of 100, a coupon of 5.50 and a remaining live of 2.1 yearsa (July 15 2016) ... ... corresponds to a yield of 35% p.a.
ah ah ah Robbiero! ... you simply the best ... you want to invest ... but yon do not even know the meaning of Bond Yield!
ah ah ah ah
Definition of 'Bond Yield'
The amount of return an investor will realize on a bond. Though several types of bond yields can be calculated, nominal yield is the most common. This is calculated by dividing amount of interest paid by the face value. Current yield is calculated by dividing the amount of interest it pays by current market price of the bond.
GROWTH UP .. and ... especially ... DO NOT TRADE ... since you just showed you do not even know what you are talking about
Debt financing ahead of BK ... ... that's a so called BK package. Obviously someone knows something ... this is why PPS lost 50% in 1 week.
I know the answer. You should try to e-mail the company and ask for clarification .. eh eh ... then you can decided whether to go long or Short.